GSA Capital Partners LLP Boosts Stake in Teck Resources Limited (NYSE:TECK)

GSA Capital Partners LLP increased its stake in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 34.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,300 shares of the basic materials company's stock after purchasing an additional 19,710 shares during the quarter. Teck Resources makes up 0.3% of GSA Capital Partners LLP's investment portfolio, making the stock its 10th largest holding. GSA Capital Partners LLP's holdings in Teck Resources were worth $3,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TECK. Susquehanna Fundamental Investments LLC purchased a new position in Teck Resources in the first quarter valued at about $485,000. Vanguard Group Inc. lifted its position in Teck Resources by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 16,721,130 shares of the basic materials company's stock worth $765,493,000 after acquiring an additional 290,034 shares during the last quarter. Country Club Bank bought a new stake in Teck Resources during the second quarter valued at about $1,747,000. Atria Investments Inc acquired a new stake in shares of Teck Resources in the first quarter valued at about $1,141,000. Finally, Intech Investment Management LLC bought a new position in shares of Teck Resources in the first quarter worth about $1,086,000. Institutional investors and hedge funds own 78.06% of the company's stock.

Teck Resources Price Performance

Shares of TECK traded down $1.16 on Tuesday, hitting $46.44. The company's stock had a trading volume of 3,625,310 shares, compared to its average volume of 3,396,043. The company has a 50 day moving average price of $48.69 and a 200 day moving average price of $48.75. Teck Resources Limited has a fifty-two week low of $34.56 and a fifty-two week high of $55.13. The company has a market capitalization of $23.50 billion, a PE ratio of 70.36 and a beta of 1.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.92 and a quick ratio of 2.35.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.24. Teck Resources had a return on equity of 6.37% and a net margin of 3.32%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company posted $0.57 earnings per share. The firm's quarterly revenue was down 20.6% compared to the same quarter last year. On average, research analysts anticipate that Teck Resources Limited will post 1.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Paradigm Capital upgraded Teck Resources to a "moderate buy" rating in a report on Friday, July 26th. TD Securities upgraded shares of Teck Resources to a "strong-buy" rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. cut their price objective on shares of Teck Resources from $57.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lowered Teck Resources from a "buy" rating to a "hold" rating and set a $50.00 price target on the stock. in a research note on Friday, October 25th. Finally, Citigroup upgraded Teck Resources to a "hold" rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Teck Resources has a consensus rating of "Moderate Buy" and an average target price of $65.29.

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.