Teck Resources Limited (NYSE:TECK) Stock Holdings Lowered by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its holdings in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 44.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 814,602 shares of the basic materials company's stock after selling 662,249 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.16% of Teck Resources worth $33,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TECK. Stonebridge Financial Group LLC acquired a new stake in Teck Resources during the fourth quarter worth about $25,000. FPC Investment Advisory Inc. acquired a new stake in Teck Resources during the 4th quarter worth approximately $27,000. Global Trust Asset Management LLC purchased a new position in Teck Resources in the fourth quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB purchased a new position in Teck Resources in the third quarter valued at approximately $40,000. Finally, Community Bank N.A. acquired a new position in Teck Resources during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.06% of the company's stock.

Analysts Set New Price Targets

TECK has been the subject of several recent research reports. Veritas raised shares of Teck Resources to a "hold" rating in a research report on Friday, April 11th. Raymond James lowered their price target on Teck Resources from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Wednesday, January 22nd. Bank of America boosted their price objective on Teck Resources from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Monday, March 10th. National Bankshares raised Teck Resources from a "sector perform" rating to an "outperform" rating in a research report on Thursday, April 24th. Finally, Desjardins started coverage on Teck Resources in a report on Friday, April 4th. They set a "buy" rating on the stock. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.11.

Teck Resources Stock Performance

Shares of TECK stock traded down $0.60 on Monday, hitting $34.87. 2,354,719 shares of the stock traded hands, compared to its average volume of 3,131,600. The company has a market capitalization of $17.18 billion, a PE ratio of 63.40 and a beta of 0.79. The company's fifty day moving average is $36.74 and its 200 day moving average is $41.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35. Teck Resources Limited has a 1-year low of $28.32 and a 1-year high of $55.13.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.18. Teck Resources had a net margin of 2.96% and a return on equity of 4.59%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the firm posted $0.75 EPS. The company's revenue for the quarter was up 41.4% on a year-over-year basis. On average, equities research analysts predict that Teck Resources Limited will post 1.53 earnings per share for the current fiscal year.

Teck Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.0901 per share. The ex-dividend date is Monday, June 16th. This is a positive change from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 1.03%. Teck Resources's dividend payout ratio is 58.62%.

About Teck Resources

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.