Vontobel Holding Ltd. Buys 6,800 Shares of Teck Resources Limited (NYSE:TECK)

Vontobel Holding Ltd. boosted its stake in shares of Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,903 shares of the basic materials company’s stock after acquiring an additional 6,800 shares during the period. Vontobel Holding Ltd.’s holdings in Teck Resources were worth $3,559,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in Teck Resources by 21.7% during the 3rd quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company’s stock worth $388,507,000 after acquiring an additional 1,326,241 shares during the period. CIBC Asset Management Inc increased its stake in shares of Teck Resources by 2.6% in the 3rd quarter. CIBC Asset Management Inc now owns 6,495,880 shares of the basic materials company’s stock valued at $341,337,000 after purchasing an additional 165,759 shares during the last quarter. AMF Tjanstepension AB increased its stake in shares of Teck Resources by 3.9% in the 3rd quarter. AMF Tjanstepension AB now owns 4,552,507 shares of the basic materials company’s stock valued at $238,055,000 after purchasing an additional 169,476 shares during the last quarter. FMR LLC increased its stake in shares of Teck Resources by 72.8% in the 3rd quarter. FMR LLC now owns 3,634,430 shares of the basic materials company’s stock valued at $189,848,000 after purchasing an additional 1,531,563 shares during the last quarter. Finally, Regal Partners Ltd increased its stake in shares of Teck Resources by 1.4% in the 3rd quarter. Regal Partners Ltd now owns 2,728,980 shares of the basic materials company’s stock valued at $142,562,000 after purchasing an additional 38,949 shares during the last quarter. Institutional investors own 78.06% of the company’s stock.

Wall Street Analyst Weigh In

TECK has been the topic of several recent analyst reports. StockNews.com upgraded Teck Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. National Bank Financial lowered Teck Resources from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft downgraded Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a report on Friday, October 25th. Raymond James cut their price objective on Teck Resources from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Teck Resources from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.38.

Teck Resources Trading Down 1.7 %

NYSE TECK opened at $43.12 on Monday. The business’s 50-day moving average price is $42.23 and its two-hundred day moving average price is $45.82. Teck Resources Limited has a 12 month low of $37.30 and a 12 month high of $55.13. The firm has a market capitalization of $21.51 billion, a PE ratio of 65.34 and a beta of 1.02. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Teck Resources Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.