BUZZ-Benchmark raises Teck Resources' PT on higher byproduct prices
Dominion Energy Inc +0.13%
Dominion Energy Inc D | 62.46 | +0.13% |
** Benchmark raises price target on U.S.-listed shares of Canadian miner Teck Resources TECKb.TO, TECK.N
** Brokerage raises PT to $67 from $48, represnting upside of 12.7% to stock's last close
** Says 2026 forecast assumes byproduct prices will be lower than in 2025, so if prices stay higher, its unit costs will fall
** Adds that Anglo-Teck merger will create strong value creation
** In 2025, TECK shares were up 18%
