Teck Resources Ltd. (TECK-B.TO, TECK) was downgraded to Neutral from Outperformer at CIBC Capital Markets.

Analyst Antia Soni lowered her price target on shares of the Canadian diversified natural resources company to $57 from $68.

"We have incorporated Teck's Q2/25 financial and operating results, which included a reduction in consolidated guidance driven by a reduction at Quebrada Blanca (QB)," Soni said in a note to clients.

"The company is hosting a tour to QB in November, which may provide some added comfort to investors on the medium-term outlook," the analyst said. "We believe that with a return to operational execution, TECK shares could re-rate."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)