UBS Upgrades Teck Resources (TECK) Stock to Buy From Neutral

Group 1 - Teck Resources Limited (NYSE:TECK) has been upgraded by UBS from "Neutral" to "Buy" with a new price target of C$60, increased from C$56, indicating positive market sentiment [1] - The issues at the Quebrada Blanca mine are not structural, and production is expected to increase to 270,000 tons over the next 12 months [1] - Teck Resources is anticipated to benefit from rising copper prices, which could enhance its financial performance [1] Group 2 - In Q2 2025, Teck Resources achieved adjusted EBITDA of $722 million, slightly higher than the previous year, driven by improved profitability from Trail Operations [2] - The company received regulatory approval and Board sanction for the Highland Valley Copper Mine Life Extension project, marking a significant milestone in its copper production growth [2] - Profit from continuing operations before taxes for Q2 2025 was reported at $125 million [2]