PKO Investment Management Joint Stock Co Acquires Shares of 12,324 Teck Resources Limited (NYSE:TECK)

PKO Investment Management Joint Stock Co acquired a new position in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,324 shares of the basic materials company's stock, valued at approximately $500,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new stake in shares of Teck Resources in the fourth quarter worth $25,000. FPC Investment Advisory Inc. purchased a new stake in Teck Resources during the fourth quarter valued at about $27,000. Community Bank N.A. purchased a new stake in Teck Resources during the fourth quarter valued at about $33,000. Ameriflex Group Inc. purchased a new stake in Teck Resources during the fourth quarter valued at about $50,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Teck Resources during the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 78.06% of the company's stock.

Teck Resources Trading Down 0.4%

Shares of NYSE:TECK traded down $0.13 on Monday, reaching $36.92. 3,840,729 shares of the company traded hands, compared to its average volume of 3,159,735. The business's 50-day simple moving average is $34.98 and its 200 day simple moving average is $39.91. Teck Resources Limited has a 52 week low of $28.32 and a 52 week high of $54.13. The stock has a market capitalization of $18.19 billion, a P/E ratio of 67.13 and a beta of 0.79. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

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

Teck Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.0901 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.36 annualized dividend and a dividend yield of 0.98%. Teck Resources's dividend payout ratio (DPR) is presently 58.62%.

Analyst Ratings Changes

TECK has been the topic of a number of research reports. Desjardins initiated coverage on Teck Resources in a research report on Friday, April 4th. They set a "buy" rating on the stock. Veritas upgraded Teck Resources to a "hold" rating in a research report on Friday, April 11th. National Bankshares upgraded Teck Resources from a "sector perform" rating to an "outperform" rating in a research report on Thursday, April 24th. BMO Capital Markets initiated coverage on Teck Resources in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, UBS Group restated a "neutral" rating on shares of Teck Resources in a research report on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Teck Resources currently has an average rating of "Moderate Buy" and an average price target of $64.11.

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.