Teck Resources Ltd (TECK) Price

Zacks Screen Flags 5 Stocks for Earnings Beat

Zacks Investment Research identified five stocks, including Teck Resources (TECK) and Allstate (ALL), with a high probability of beating earnings expectations, based on a model requiring an average EPS surprise of over 20% for the last four quarters.

JPMorgan, Deutsche Bank Raise Teck Resources Price Targets

JPMorgan and Deutsche Bank have both increased their price targets for Teck Resources Ltd. (TECK), signaling a revised but cautious outlook from financial analysts. The move comes amid a dynamic period for the broader mining sector, which has seen similar analyst adjustments.

Teck-Anglo Merger Gains Court Approval, Regulatory Hurdles Remain

The proposed merger of equals between Teck Resources and Anglo American has received final court approval in British Columbia, a critical step toward creating a global copper heavyweight. However, the deal remains contingent on clearing significant international regulatory and competition reviews.

Barrick Considers Spinoff of North American Gold Assets

Barrick Gold is exploring a potential Initial Public Offering (IPO) for its North American gold assets to unlock shareholder value. The move comes amid a volatile precious metals market and a wave of strategic consolidation across the mining industry.

US Small-Caps Surge, Defying Global Yield Pressures

The U.S. small-cap Russell 2000 index surged to a record high, signaling strong investor confidence in the domestic economy. This rally occurred amidst growing global uncertainty, as Japanese government bond yields spiked to their highest levels in over a decade on rate hike expectations.

Glencore, Vale Eye US$2B Canadian Copper Venture

Glencore and Vale Base Metals are evaluating a US$2 billion, 50/50 joint venture to develop copper deposits in Sudbury, Canada. This move aligns with Glencore's strategy to increase copper output amidst operational challenges and intense market competition for the critical metal.

BHP Withdraws £40 Billion Takeover Bid for Anglo American