Teck Resources Limited (NYSE:TECK) Shares Sold by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. decreased its holdings in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 34.3% in the 4th quarter, according to the company in 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 filing with the Securities & Exchange Commission.

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

Teck Resources Stock Up 3.8 %

TECK opened at $35.51 on Friday. Teck Resources Limited has a 52 week low of $28.32 and a 52 week high of $55.13. The business has a 50 day moving average price of $36.88 and a two-hundred day moving average price of $41.67. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. The company has a market cap of $17.50 billion, a PE ratio of 64.56 and a beta of 0.81.

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

Teck Resources Increases Dividend

The company 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 $0.0901 dividend. This is an increase from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.36 annualized dividend and a dividend yield of 1.01%. Teck Resources's payout ratio is presently 58.62%.

Analyst Ratings Changes

Several research firms have commented on TECK. Raymond James lowered their price target on shares of Teck Resources from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their target price on Teck Resources from $50.00 to $41.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Veritas raised Teck Resources to a "hold" rating in a report on Friday, April 11th. National Bank Financial raised Teck Resources from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, Desjardins began coverage on Teck Resources in a research note on Friday, April 4th. They set a "buy" rating for the company. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Teck Resources currently has an average rating of "Moderate Buy" and a consensus price target of $64.11.

Teck Resources Company 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.

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