Teck Resources Limited (NYSE:TECK) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. lifted its position in shares of Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 545.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 287,667 shares of the basic materials company's stock after purchasing an additional 243,066 shares during the period. APG Asset Management N.V. owned 0.06% of Teck Resources worth $11,258,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research analysts recently commented on TECK shares. UBS Group reissued a "neutral" rating on shares of Teck Resources in a research note on Tuesday. Raymond James cut their target price on shares of 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. decreased their target price on Teck Resources from $50.00 to $41.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. BMO Capital Markets started coverage on Teck Resources in a research note on Wednesday. They issued an "outperform" rating for the company. Finally, Veritas raised shares of Teck Resources to a "hold" rating in a research note on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Teck Resources has an average rating of "Moderate Buy" and an average price target of $64.11.

Teck Resources Trading Down 0.8 %

Shares of NYSE TECK traded down $0.28 during midday trading on Wednesday, hitting $33.54. The company's stock had a trading volume of 1,427,764 shares, compared to its average volume of 3,183,911. 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 Limited has a 12-month low of $28.32 and a 12-month high of $55.13. The business's 50 day moving average is $39.00 and its two-hundred day moving average is $43.15. The firm has a market cap of $16.60 billion, a P/E ratio of 60.98 and a beta of 0.81.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. Teck Resources had a return on equity of 4.59% and a net margin of 2.96%. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.58 billion. As a group, equities research analysts expect that Teck Resources Limited will post 1.53 EPS for the current year.

Teck Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.0879 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, March 14th. Teck Resources's dividend payout ratio (DPR) is presently 61.82%.

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.