Teck Resources Limited (NYSE:TECK) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its stake in shares of Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 111.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,392 shares of the basic materials company's stock after purchasing an additional 119,767 shares during the quarter. Intact Investment Management Inc.'s holdings in Teck Resources were worth $11,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in shares of Teck Resources in the 3rd quarter worth $39,000. Headlands Technologies LLC purchased a new stake in Teck Resources in the second quarter valued at about $38,000. Bruce G. Allen Investments LLC boosted its holdings in Teck Resources by 77.4% in the third quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company's stock worth $46,000 after acquiring an additional 383 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Teck Resources by 69.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 996 shares of the basic materials company's stock worth $52,000 after acquiring an additional 409 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Teck Resources by 583.1% during the second quarter. Blue Trust Inc. now owns 1,052 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 898 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company's stock.

Teck Resources Stock Performance

Shares of NYSE TECK traded up $0.18 during midday trading on Monday, reaching $46.93. 2,280,593 shares of the stock were exchanged, compared to its average volume of 3,404,964. The company has a quick ratio of 0.77, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $23.75 billion, a price-to-earnings ratio of 70.83 and a beta of 1.04. The firm has a 50-day simple moving average of $48.58 and a two-hundred day simple moving average of $48.70. Teck Resources Limited has a twelve month low of $34.38 and a twelve month high of $55.13.

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

Analyst Ratings Changes

TECK has been the topic of several research analyst reports. TD Securities raised shares of Teck Resources to a "strong-buy" rating in a research report on Tuesday, July 16th. Scotiabank boosted their price objective on shares of Teck Resources from $78.00 to $79.00 and gave the company a "sector outperform" rating in a report on Tuesday, October 8th. Eight Capital lowered Teck Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft downgraded 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 note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $65.29.

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.