Signaturefd LLC lowered its stake in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 30.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,384 shares of the basic materials company’s stock after selling 3,175 shares during the quarter. Signaturefd LLC’s holdings in Teck Resources were worth $120,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of TECK. Marshall Wace LLP acquired a new position in Teck Resources in the 1st quarter worth approximately $1,682,000. Nordea Investment Management AB boosted its position in Teck Resources by 12.7% in the 1st quarter. Nordea Investment Management AB now owns 192,800 shares of the basic materials company’s stock worth $5,961,000 after purchasing an additional 21,700 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in Teck Resources by 72.9% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 360,876 shares of the basic materials company’s stock worth $8,365,000 after purchasing an additional 152,124 shares in the last quarter. Foundation Resource Management Inc. boosted its position in Teck Resources by 2.5% in the 2nd quarter. Foundation Resource Management Inc. now owns 1,167,124 shares of the basic materials company’s stock worth $26,914,000 after purchasing an additional 28,734 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Teck Resources in the 2nd quarter worth approximately $415,000. Hedge funds and other institutional investors own 53.62% of the company’s stock.
Several research firms have commented on TECK. Clarkson Capital restated a “neutral” rating on shares of Teck Resources in a research report on Monday, September 23rd. Zacks Investment Research lowered Teck Resources from a “buy” rating to a “hold” rating in a research report on Saturday, July 13th. TD Securities lowered Teck Resources to a “buy” rating in a research report on Monday, July 22nd. B. Riley set a $39.00 price objective on Teck Resources and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Macquarie began coverage on Teck Resources in a research report on Wednesday, July 10th. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $31.14.
Shares of NYSE:TECK opened at $16.49 on Monday. Teck Resources Ltd has a 1 year low of $14.51 and a 1 year high of $25.75. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 5.25 and a beta of 1.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.47 and a quick ratio of 1.58. The business’s 50 day moving average price is $16.88 and its 200-day moving average price is $20.20.
Teck Resources (NYSE:TECK) (TSE:TECK) last announced its earnings results on Thursday, July 25th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). Teck Resources had a net margin of 20.37% and a return on equity of 8.49%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the business earned $1.12 EPS. On average, sell-side analysts expect that Teck Resources Ltd will post 2.54 earnings per share for the current year.
The firm also recently announced a — dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.0376 per share. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 0.9%. Teck Resources’s dividend payout ratio (DPR) is 4.78%.
Teck Resources Company Profile
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
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