Teck Resources Limited (NYSE:TECK) is one of the 10 Best Performing Canadian Stocks So Far in 2026.

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On May 15, 2026, Deutsche Bank raised the firm’s price target on Teck Resources Limited (NYSE:TECK) to $62 from $60 previously and maintained a Buy rating on the shares.

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JPMorgan also increased its price target on Teck Resources Limited (NYSE:TECK) to $48 from $45 previously while keeping a Neutral rating on the shares.

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Last month, Teck Resources Limited (NYSE:TECK) reported Q1 adjusted EPS of C$1.75, compared to C$0.60 in the prior-year period. Revenue rose to C$3.94B from C$2.29B a year earlier. President and CEO Jonathan Price said the company delivered a strong start to 2026, driven by record quarterly copper sales, favorable commodity pricing, and steady operational execution across the portfolio. Management highlighted particularly strong performance from the Quebrada Blanca operation, which achieved record quarterly copper sales alongside continued operating stability. Price added that the quarter underscored both the resilience of Teck’s asset portfolio and the strength of its balance sheet as the company continues working toward completing its proposed merger of equals with Anglo American.

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Teck Resources Limited (NYSE:TECK) is a diversified mining company involved in the exploration, development, processing, refining, and reclamation of mineral properties globally.

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While we acknowledge the potential of TECK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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