Teck Resources Limited (NYSE:TECK) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its position in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 129.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 246,190 shares of the basic materials company's stock after buying an additional 138,952 shares during the period. Natixis Advisors LLC's holdings in Teck Resources were worth $12,861,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TECK. Quent Capital LLC bought a new stake in shares of Teck Resources in the first quarter worth about $119,000. Vanguard Group Inc. lifted its stake in Teck Resources by 1.8% in the first quarter. Vanguard Group Inc. now owns 16,721,130 shares of the basic materials company's stock valued at $765,493,000 after buying an additional 290,034 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Teck Resources by 12.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,896 shares of the basic materials company's stock valued at $270,000 after buying an additional 637 shares during the period. UniSuper Management Pty Ltd increased its position in shares of Teck Resources by 91.2% during the first quarter. UniSuper Management Pty Ltd now owns 6,500 shares of the basic materials company's stock worth $298,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Teck Resources by 27.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,614,436 shares of the basic materials company's stock worth $73,966,000 after acquiring an additional 343,626 shares during the period. Institutional investors own 78.06% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on TECK. Deutsche Bank Aktiengesellschaft cut shares of Teck Resources from a "buy" rating to a "hold" rating and set a $50.00 price target on the stock. in a research report on Friday, October 25th. UBS Group cut shares of Teck Resources from a "buy" rating to a "neutral" rating in a research note on Monday, November 11th. Paradigm Capital raised shares of Teck Resources to a "moderate buy" rating in a research report on Friday, July 26th. Scotiabank lifted their price target on Teck Resources from $78.00 to $79.00 and gave the stock a "sector outperform" rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. cut their price objective on Teck Resources from $57.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Teck Resources presently has an average rating of "Moderate Buy" and a consensus target price of $65.29.

Teck Resources Stock Performance

Shares of TECK opened at $46.76 on Thursday. Teck Resources Limited has a 52 week low of $35.25 and a 52 week high of $55.13. 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 stock has a market cap of $23.52 billion, a P/E ratio of 70.68 and a beta of 1.04. The business's 50 day moving average price is $48.87 and its 200-day moving average price is $48.61.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.60 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.09 billion. During the same period last year, the company earned $0.57 EPS. Teck Resources's revenue for the quarter was down 20.6% on a year-over-year basis. Equities research analysts anticipate that Teck Resources Limited will post 1.86 earnings per share for the current fiscal year.

Teck Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.0895 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, December 13th. Teck Resources's payout ratio is 56.06%.

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.