Lansforsakringar Fondforvaltning AB publ decreased its position in Teck Resources Ltd (NYSE:TECK – Free Report) (TSE:TECK) by 8.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,352 shares of the basic materials company’s stock after selling 9,818 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Teck Resources were worth $5,650,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in Teck Resources in the fourth quarter worth about $25,000. Blue Trust Inc. boosted its position in shares of Teck Resources by 411.8% during the 1st quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 453 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Teck Resources by 82.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,217 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 1,004 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Teck Resources in the 4th quarter worth approximately $103,000. Finally, Banque Cantonale Vaudoise raised its holdings in shares of Teck Resources by 5,102.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 2,549 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.
Key Stories Impacting Teck Resources
Here are the key news stories impacting Teck Resources this week:
- Positive Sentiment: Deutsche Bank raised its price target on Teck Resources to $68 from $64 and reiterated a buy rating, suggesting meaningful upside from current levels. Deutsche Bank raises Teck Resources price target to $68
- Positive Sentiment: Investor interest in copper miners is improving as copper prices have outperformed gold, and Teck is seen as one of the producers positioned to benefit from stronger copper demand. Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Neutral Sentiment: Teck announced the mailing of a letter of transmittal and opened the election window for shareholders ahead of its planned merger of equals with Anglo American, a transaction that continues to keep the stock in focus. Teck Announces the Mailing of a Letter of Transmittal in Connection with the Merger of Equals with Anglo American
- Neutral Sentiment: Zacks Research trimmed some earnings estimates for fiscal 2027 and the June 2027 quarters, though it kept a Hold rating, which may temper some enthusiasm. Zacks Research updates Teck Resources estimates
- Negative Sentiment: Analysts also lowered FY2027 earnings expectations slightly, signaling a bit less profitability growth than previously projected. Zacks Research cuts FY2027 EPS estimate for Teck Resources
Analyst Ratings Changes
Check Out Our Latest Analysis on TECK
Teck Resources Price Performance
Shares of TECK opened at $59.96 on Friday. The company has a market capitalization of $28.95 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 3.52 and a beta of 0.92. Teck Resources Ltd has a fifty-two week low of $30.98 and a fifty-two week high of $71.25. 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 business’s 50-day moving average is $62.49 and its 200-day moving average is $56.21.
Teck Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. Teck Resources’s payout ratio is presently 13.19%.
Teck Resources Company Profile
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.
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