Letko Brosseau & Associates Inc. decreased its position in shares of Teck Resources Ltd (NYSE:TECK – Free Report) (TSE:TECK) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,216,592 shares of the basic materials company’s stock after selling 221,750 shares during the quarter. Letko Brosseau & Associates Inc. owned approximately 0.25% of Teck Resources worth $58,320,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of TECK. AQR Capital Management LLC boosted its holdings 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 valued at $1,264,000 after acquiring an additional 3,458 shares in the last quarter. Jones Financial Companies Lllp raised its position in Teck Resources by 453.0% during the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Teck Resources by 1.8% during the 1st 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 during the last quarter. Marshall Wace LLP raised its position in Teck Resources by 189.3% during the 2nd 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 during the last quarter. Finally, NewEdge Advisors LLC raised its position in Teck Resources by 4,602.9% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.
Teck Resources Stock Performance
TECK stock opened at $61.91 on Wednesday. The stock has a 50-day moving average price of $60.24 and a 200-day moving average price of $53.95. Teck Resources Ltd has a 1-year low of $30.98 and a 1-year high of $71.25. The company has a current ratio of 2.83, a quick ratio of 2.16 and a debt-to-equity ratio of 0.13. The firm has a market cap of $29.85 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 4.55 and a beta of 0.89.
Teck Resources Dividend Announcement
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on TECK shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Teck Resources in a research report on Friday, May 15th. Scotiabank reaffirmed a “sector perform” rating on shares of Teck Resources in a research report on Tuesday, April 14th. Veritas lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. TD Securities reaffirmed a “hold” rating on shares of Teck Resources in a research report on Friday, April 24th. Finally, Wall Street Zen raised Teck Resources to a “buy” rating in a research report on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $59.17.
Get Our Latest Stock Analysis on TECK
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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