Teck Resources Ltd $TECK Shares Sold by Gemsstock Ltd.

Gemsstock Ltd. trimmed its holdings in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,270 shares of the basic materials company’s stock after selling 10,600 shares during the quarter. Teck Resources makes up approximately 1.9% of Gemsstock Ltd.’s investment portfolio, making the stock its 20th largest position. Gemsstock Ltd. owned approximately 0.06% of Teck Resources worth $13,135,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TECK. AQR Capital Management LLC raised its stake in shares of Teck Resources by 11.1% during the 1st 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 period. Jones Financial Companies Lllp increased its position in shares of Teck Resources by 453.0% during the first quarter. Jones Financial Companies Lllp now owns 9,721 shares of the basic materials company’s stock worth $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 position in shares of Teck Resources by 1.8% during 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 worth $16,971,000 after purchasing an additional 8,146 shares in the last quarter. Marshall Wace LLP increased its position in shares of Teck Resources by 189.3% during the second quarter. Marshall Wace LLP now owns 218,242 shares of the basic materials company’s stock worth $8,813,000 after purchasing an additional 142,816 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Teck Resources by 4,602.9% during the second quarter. NewEdge Advisors LLC now owns 8,183 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 8,009 shares in the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.

Teck Resources Stock Up 1.9%

Shares of NYSE:TECK opened at $64.80 on Friday. Teck Resources Ltd has a 52-week low of $30.98 and a 52-week high of $71.25. The business has a fifty day moving average of $60.94 and a two-hundred day moving average of $54.35. The stock has a market cap of $31.24 billion, a P/E ratio of 23.74, a PEG ratio of 3.85 and a beta of 0.89. The company has a quick ratio of 2.16, a current ratio of 2.83 and a debt-to-equity ratio of 0.13.

Teck Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid 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 yield of 0.8%. Teck Resources’s dividend payout ratio is presently 13.55%.

Wall Street Analyst Weigh In

Several analysts recently commented on TECK shares. Benchmark boosted their price target on Teck Resources from $48.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded Teck Resources to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Teck Resources in a research report on Friday, May 15th. Finally, Veritas cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Five analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, Teck Resources has an average rating of “Hold” and a consensus price target 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.