Sei Investments Co. lifted its holdings in shares of Teck Resources Ltd (NYSE:TECK – Free Report) (TSE:TECK) by 28.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,936 shares of the basic materials company’s stock after buying an additional 11,219 shares during the quarter. Sei Investments Co.’s holdings in Teck Resources were worth $2,636,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of TECK. Principal Financial Group Inc. grew its holdings in Teck Resources by 17.1% during the 1st quarter. Principal Financial Group Inc. now owns 22,044,284 shares of the basic materials company’s stock worth $1,139,051,000 after acquiring an additional 3,211,985 shares during the period. Vanguard Group Inc. lifted its stake in shares of Teck Resources by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 20,185,694 shares of the basic materials company’s stock valued at $966,370,000 after purchasing an additional 278,481 shares during the period. Davis Selected Advisers lifted its stake in shares of Teck Resources by 9.0% in the 4th quarter. Davis Selected Advisers now owns 12,019,609 shares of the basic materials company’s stock valued at $575,620,000 after purchasing an additional 995,947 shares during the period. Hancock Prospecting Pty Ltd boosted its position in shares of Teck Resources by 31.7% in the 4th quarter. Hancock Prospecting Pty Ltd now owns 10,298,293 shares of the basic materials company’s stock worth $493,185,000 after purchasing an additional 2,477,344 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Teck Resources in the 4th quarter worth $404,880,000. 78.06% of the stock is owned by institutional investors.
Teck Resources Stock Performance
Shares of Teck Resources stock opened at $66.53 on Friday. The company has a market capitalization of $32.13 billion, a PE ratio of 18.03, a PEG ratio of 1.95 and a beta of 0.92. Teck Resources Ltd has a 12 month low of $30.98 and a 12 month high of $71.25. The company has a current ratio of 3.12, a quick ratio of 2.33 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $61.27 and its 200 day simple moving average is $58.31.
Teck Resources Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on TECK shares. Veritas downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Teck Resources from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Zacks Research cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. TD Securities reiterated a “hold” rating on shares of Teck Resources in a research report on Friday, April 24th. Finally, Raymond James Financial raised shares of Teck Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Teck Resources has an average rating of “Hold” and a consensus price target of $62.25.
Read Our Latest Stock Analysis on Teck Resources
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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