Country Club Bank trimmed its holdings in shares of Teck Resources Ltd (NYSE:TECK - Free Report) TSE: TECK by 76.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,808 shares of the basic materials company's stock after selling 28,104 shares during the period. Country Club Bank's holdings in Teck Resources were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its holdings in Teck Resources by 5.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 10,354 shares of the basic materials company's stock worth $377,000 after buying an additional 545 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Teck Resources by 7,560.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,149 shares of the basic materials company's stock worth $42,000 after buying an additional 1,134 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Teck Resources by 102.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 309,987 shares of the basic materials company's stock valued at $12,563,000 after purchasing an additional 156,980 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Teck Resources by 20.6% in the 4th quarter. Cetera Investment Advisers now owns 57,793 shares of the basic materials company's stock valued at $2,342,000 after purchasing an additional 9,887 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Teck Resources by 22.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 12,141 shares of the basic materials company's stock valued at $442,000 after purchasing an additional 2,240 shares during the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.
Teck Resources Stock Performance
TECK stock traded down $0.52 during trading on Friday, hitting $38.29. The company had a trading volume of 4,451,529 shares, compared to its average volume of 3,252,937. The firm has a market cap of $18.50 billion, a PE ratio of 66.02, a price-to-earnings-growth ratio of 0.60 and a beta of 0.80. Teck Resources Ltd has a 1-year low of $28.32 and a 1-year high of $54.13. The firm has a 50-day moving average price of $37.92 and a 200-day moving average price of $38.83. The company has a quick ratio of 2.57, a current ratio of 3.36 and a debt-to-equity ratio of 0.15.
Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its quarterly earnings results on Thursday, April 24th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.18. Teck Resources had a return on equity of 4.53% and a net margin of 3.48%. The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm's revenue for the quarter was up 41.4% on a year-over-year basis. On average, analysts expect that Teck Resources Ltd will post 1.53 earnings per share for the current year.
Teck Resources Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.0901 per share. This is a boost from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date was Monday, June 16th. This represents a $0.36 annualized dividend and a yield of 0.94%. Teck Resources's payout ratio is presently 62.07%.
Wall Street Analysts Forecast Growth
TECK has been the subject of several research reports. Veritas raised Teck Resources to a "hold" rating in a report on Friday, April 11th. National Bankshares raised Teck Resources from a "sector perform" rating to an "outperform" rating in a report on Thursday, April 24th. Stifel Nicolaus initiated coverage on Teck Resources in a report on Wednesday. They issued a "hold" rating for the company. Desjardins initiated coverage on Teck Resources in a report on Friday, April 4th. They issued a "buy" rating for the company. Finally, National Bank Financial raised Teck Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $65.25.
Check Out Our Latest Stock Report on Teck Resources
Teck Resources Company Profile
(
Free Report)
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.
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