Teck Resources Limited (NYSE:TECK) Shares Acquired by Strategic Advisors LLC

Strategic Advisors LLC raised its position in shares of Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 38.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,969 shares of the basic materials company's stock after acquiring an additional 11,148 shares during the period. Strategic Advisors LLC's holdings in Teck Resources were worth $1,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in Teck Resources in the fourth quarter worth about $25,000. Global Trust Asset Management LLC purchased a new stake in Teck Resources in the fourth quarter worth about $27,000. Eastern Bank purchased a new stake in Teck Resources in the third quarter worth about $39,000. Wilmington Savings Fund Society FSB purchased a new stake in Teck Resources in the third quarter worth about $40,000. Finally, Principal Securities Inc. lifted its stake in Teck Resources by 49.9% in the fourth quarter. Principal Securities Inc. now owns 2,858 shares of the basic materials company's stock worth $116,000 after acquiring an additional 952 shares during the period. Institutional investors own 78.06% of the company's stock.

Teck Resources Price Performance

Shares of NYSE:TECK traded up $0.64 during midday trading on Thursday, reaching $43.34. 3,927,992 shares of the company's stock traded hands, compared to its average volume of 2,883,969. Teck Resources Limited has a 1 year low of $37.30 and a 1 year high of $55.13. The company has a market cap of $21.61 billion, a P/E ratio of 65.66 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92. The company has a fifty day simple moving average of $42.01 and a two-hundred day simple moving average of $45.74.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Teck Resources had a return on equity of 6.37% and a net margin of 3.32%. Equities analysts predict that Teck Resources Limited will post 1.64 EPS for the current fiscal year.

Teck Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0879 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.35 dividend on an annualized basis and a yield of 0.81%. Teck Resources's payout ratio is currently 53.03%.

Wall Street Analysts Forecast Growth

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

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.