01:05 PM EST, 02/20/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by CAD21 to CAD83, assuming an EV/EBITDA of 6.8x our 2027 EBITDA estimate, vs. Teck's three-year average forward EV/EBITDA of 7.0x and peers' median of 8.7x. We raise our 2026 EPS estimate by CAD1.10 to CAD3.65 and start 2027 at CAD4.05. Teck's transformation into a pure-play copper and zinc producer positions it well for the energy transition, with copper demand expected to benefit from electrification and grid infrastructure buildout. The pending merger with Anglo American would create a top-5 global copper producer with enhanced scale and synergy potential. However, near-term execution risks remain at Quebrada Blanca (QB), where tailings management facility development continues to constrain production. We expect QB to reach steady-state operations by year-end 2026. The Highland Valley mine life extension project progresses on schedule. While copper fundamentals remain constructive, we see valuation as fairly balanced at current levels, warranting our Hold opinion.