Entropy Technologies LP Invests $288,000 in Teck Resources Limited (NYSE:TECK)

Entropy Technologies LP acquired a new stake in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,094 shares of the basic materials company's stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TECK. Quattro Financial Advisors LLC lifted its position in shares of Teck Resources by 81.9% during the 4th quarter. Quattro Financial Advisors LLC now owns 27,620 shares of the basic materials company's stock valued at $1,200,000 after buying an additional 12,433 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Teck Resources by 4.7% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 35,800 shares of the basic materials company's stock valued at $1,451,000 after acquiring an additional 1,600 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Teck Resources by 70.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 24,784 shares of the basic materials company's stock worth $1,004,000 after acquiring an additional 10,223 shares during the last quarter. Sonora Investment Management Group LLC increased its position in shares of Teck Resources by 22.0% during the fourth quarter. Sonora Investment Management Group LLC now owns 130,268 shares of the basic materials company's stock worth $5,280,000 after purchasing an additional 23,510 shares in the last quarter. Finally, OLD National Bancorp IN boosted its position in Teck Resources by 7.4% during the fourth quarter. OLD National Bancorp IN now owns 4,955 shares of the basic materials company's stock worth $201,000 after acquiring an additional 341 shares during the last quarter. Institutional investors and hedge funds own 78.06% of the company's stock.

Teck Resources Stock Down 1.7 %

NYSE:TECK traded down $0.74 during mid-day trading on Monday, hitting $43.12. The stock had a trading volume of 2,432,855 shares, compared to its average volume of 2,856,734. Teck Resources Limited has a twelve month low of $37.30 and a twelve month high of $55.13. The stock has a 50-day simple moving average of $42.16 and a two-hundred day simple moving average of $45.79. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $21.51 billion, a PE ratio of 65.34 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TECK shares. Deutsche Bank Aktiengesellschaft cut Teck Resources from a "buy" rating to a "hold" rating and set a $50.00 target price for the company. in a report on Friday, October 25th. Raymond James reduced their target price on Teck Resources from $75.00 to $70.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 22nd. National Bank Financial cut shares of Teck Resources from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, December 10th. StockNews.com raised shares of Teck Resources from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their target price on Teck Resources from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Teck Resources currently has an average rating of "Moderate Buy" and an average price target of $65.38.

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.