BW Gestao de Investimentos Ltda. Has $2.80 Million Position in Teck Resources Limited (NYSE:TECK)

BW Gestao de Investimentos Ltda. lowered its holdings in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 34.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,010 shares of the basic materials company's stock after selling 35,990 shares during the period. BW Gestao de Investimentos Ltda.'s holdings in Teck Resources were worth $2,797,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TECK. Stonebridge Financial Group LLC acquired a new position in Teck Resources during the fourth quarter valued at $25,000. Global Trust Asset Management LLC acquired a new position in shares of Teck Resources in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. purchased a new stake in shares of Teck Resources in the fourth quarter worth approximately $27,000. Community Bank N.A. acquired a new stake in shares of Teck Resources during the fourth quarter worth approximately $33,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Teck Resources in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 78.06% of the company's stock.

Teck Resources Stock Performance

Shares of Teck Resources stock traded up $1.09 during trading on Friday, reaching $35.80. The company's stock had a trading volume of 1,664,846 shares, compared to its average volume of 3,127,285. Teck Resources Limited has a one year low of $28.32 and a one year high of $55.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92. The firm has a market cap of $17.64 billion, a price-to-earnings ratio of 65.09 and a beta of 0.79. The business's fifty day moving average price is $36.42 and its 200-day moving average price is $41.29.

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 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.18. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $2.19 billion. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%. The company's quarterly revenue was up 41.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. As a group, equities research analysts predict that Teck Resources Limited will post 1.53 earnings per share for the current year.

Teck Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.0901 per share. The ex-dividend date is Monday, June 16th. This is an increase from Teck Resources's previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a yield of 1.01%. Teck Resources's dividend payout ratio (DPR) is 58.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. National Bankshares raised shares of Teck Resources from a "sector perform" rating to an "outperform" rating in a research note on Thursday, April 24th. Veritas upgraded Teck Resources to a "hold" rating in a research note on Friday, April 11th. Raymond James cut their price target on Teck Resources from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price target on Teck Resources from $50.00 to $41.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Desjardins began coverage on shares of Teck Resources in a research 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 assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Teck Resources currently has an average rating of "Moderate Buy" and a consensus price target of $64.11.

Teck Resources Profile

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.