B. Riley analyst Nick Giles downgraded Teck Resources (TECK) to Neutral from Buy with a price target of $61, down from $69, post the Q2 report. The company outlined continued operational challenges at Quebrada Blanca and lowered its 2025 copper and molybdenum production guidance, the analyst tells investors in a research note. The firm says Teck’s persistent underperformance at its flagship asset Quebrada continues to weigh on consolidated results.
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