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FINWIRES

根據第一季業績，Stifel Canada維持對Teck Resources的「持有」評等；目標價維持在80.00加幣。

-- 在泰克資源（Teck Resources，股票代碼：TECK-B.TO）公佈第一季業績後，Stifel Canada 週五重申了對該公司股票的「持有」評級和80加元的目標價。 泰克公司公佈了強勁的2026財年第一季業績，調整後每股收益為1.75美元，高於我們先前預期的1.02美元（市場普遍預期為1.12美元）；調整後EBITDA為20.88億美元，高於我們先前預測的15.77億美元（市場普遍預期為15.44億美元）。業績成長主要得益於銅銷量增加，其中銷量超過產量是由於2025財年第四季度結轉庫存的出貨；HVC礦的產量和品位均有所提高；Antamina礦的品位也如礦山計劃預期般有所提高。此外，Trail礦的業績也受惠於白銀、黃金和特殊金屬價格的上漲（毛利為2.57億美元，高於我們先前預測的1.53億美元）。 WTI原油價格每變動1美元/桶，EBITDA將減少800萬美元，因此我們預計，到2026年，WTI原油價格達到100美元/桶時，EBITDA將受到2.8億美元或5%的影響。儘管如此，泰克公司目前仍認為燃料供應中斷的風險並不大。分析師拉普爾·普羅菲蒂寫道：“由於需要進口柴油，智利業務的成本可能會受到更大影響。” （報告北美、亞洲和歐洲主要銀行及研究機構的股票、商品和經濟研究。研究機構可透過以下連結聯絡我們：https://www..com/contact-us）

Price: $83.34, Change: $+0.03, Percent Change: +0.04%

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