Healthcare of Ontario Pension Plan Trust Fund boosted its position in Teck Resources Ltd (NYSE:TECK – Free Report) (TSE:TECK) by 161.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 885,158 shares of the basic materials company’s stock after purchasing an additional 546,394 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Teck Resources were worth $45,817,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Welch Group LLC increased its position in Teck Resources by 3.5% in the fourth quarter. Welch Group LLC now owns 5,899 shares of the basic materials company’s stock worth $283,000 after buying an additional 199 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Teck Resources by 117.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company’s stock valued at $29,000 after buying an additional 303 shares during the last quarter. Compound Planning Inc. lifted its position in shares of Teck Resources by 1.0% during the 4th quarter. Compound Planning Inc. now owns 32,266 shares of the basic materials company’s stock valued at $1,545,000 after buying an additional 333 shares during the last quarter. 44 Wealth Management LLC grew its stake in shares of Teck Resources by 1.3% during the 4th quarter. 44 Wealth Management LLC now owns 31,488 shares of the basic materials company’s stock worth $1,508,000 after acquiring an additional 411 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Teck Resources by 5.5% during the 3rd quarter. NewEdge Advisors LLC now owns 8,635 shares of the basic materials company’s stock worth $379,000 after acquiring an additional 452 shares during the period. 78.06% of the stock is owned by institutional investors.
Key Teck Resources News
Here are the key news stories impacting Teck Resources this week:
- Positive Sentiment: Teck’s Q2 earnings and revenue beat expectations, driven by stronger copper and zinc prices, higher sales volumes, and margin expansion. Teck Resources Q2 Earnings Beat Estimates, Sales & Margins Improve Y/Y
- Positive Sentiment: The company reported a sharp jump in quarterly profit on higher copper production and commodity prices, reinforcing optimism around Teck’s core metals business. Teck earns $854M Q2 profit, reports copper production up and higher commodity prices
- Positive Sentiment: Teck’s board declared a quarterly dividend of $0.125 per share, signaling continued cash generation and shareholder returns. Teck Announces Dividend
- Neutral Sentiment: Red Dog zinc output fell 18% in the quarter, though Teck said it is advancing a mine-life extension study and maintained full-year zinc guidance. Teck’s Red Dog Q2 Zinc Output Falls 18% as Mine-Life Extension PFS Advances
- Neutral Sentiment: Teck maintained its full-year zinc guidance despite the weaker Red Dog output, limiting concerns about near-term production disruption. Teck’s Q2 Zinc Gross Profit Rises to $353 Million; Full-Year Zinc Guidance Maintained
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on TECK
Teck Resources Price Performance
Teck Resources stock opened at $60.30 on Friday. The firm has a market capitalization of $29.12 billion, a P/E ratio of 16.34, a PEG ratio of 1.78 and a beta of 0.92. Teck Resources Ltd has a one year low of $30.98 and a one year 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 has a fifty day moving average price of $61.46 and a 200-day moving average price of $57.49.
Teck Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. Teck Resources’s dividend payout ratio is 9.76%.
Teck Resources 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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