Natixis Advisors LLC Purchases 38,764 Shares of Teck Resources Ltd $TECK

Natixis Advisors LLC increased its position in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 6.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 686,867 shares of the basic materials company’s stock after buying an additional 38,764 shares during the period. Natixis Advisors LLC’s holdings in Teck Resources were worth $32,894,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TECK. AQR Capital Management LLC raised its stake in Teck Resources by 11.1% during the first quarter. AQR Capital Management LLC now owns 34,705 shares of the basic materials company’s stock worth $1,264,000 after buying an additional 3,458 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Teck Resources by 453.0% in the first quarter. Jones Financial Companies Lllp now owns 9,721 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 7,963 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Teck Resources by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 465,861 shares of the basic materials company’s stock valued at $16,971,000 after purchasing an additional 8,146 shares in the last quarter. Marshall Wace LLP increased its stake in Teck Resources by 189.3% in the second quarter. Marshall Wace LLP now owns 218,242 shares of the basic materials company’s stock valued at $8,813,000 after purchasing an additional 142,816 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in Teck Resources by 4,602.9% in the second quarter. NewEdge Advisors LLC now owns 8,183 shares of the basic materials company’s stock valued at $330,000 after purchasing an additional 8,009 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.

Teck Resources Trading Up 0.0%

NYSE:TECK opened at $67.26 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.83 and a quick ratio of 2.16. The firm has a 50-day moving average of $59.48 and a 200-day moving average of $53.49. The company has a market cap of $32.43 billion, a PE ratio of 24.64, a PEG ratio of 4.93 and a beta of 0.89. Teck Resources Ltd has a one year low of $30.98 and a one year high of $71.25.

Teck Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.50 annualized dividend and a dividend yield of 0.7%. Teck Resources’s payout ratio is presently 13.55%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TECK. Wall Street Zen raised shares of Teck Resources to a “buy” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. lifted their price target on shares of Teck Resources from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. TD Securities reaffirmed a “hold” rating on shares of Teck Resources in a research note on Friday, April 24th. Scotiabank reaffirmed a “sector perform” rating on shares of Teck Resources in a research note on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Teck Resources in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.17.

About Teck Resources

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.