TD Waterhouse Canada Inc. Raises Stock Position in Teck Resources Limited (NYSE:TECK)

TD Waterhouse Canada Inc. increased its holdings in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,815,851 shares of the basic materials company's stock after acquiring an additional 14,737 shares during the period. TD Waterhouse Canada Inc. owned about 0.36% of Teck Resources worth $73,418,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Stonebridge Financial Group LLC bought a new position in shares of Teck Resources during the fourth quarter valued at about $25,000. Global Trust Asset Management LLC purchased a new position in shares of Teck Resources in the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. purchased a new position in shares of Teck Resources in the 4th quarter worth approximately $27,000. Community Bank N.A. purchased a new stake in shares of Teck Resources during the fourth quarter valued at approximately $33,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Teck Resources during the third quarter worth $40,000. Institutional investors own 78.06% of the company's stock.

Analyst Ratings Changes

TECK has been the topic of a number of recent analyst reports. National Bankshares upgraded Teck Resources from a "sector perform" rating to an "outperform" rating in a research note on Thursday. UBS Group reissued a "neutral" rating on shares of Teck Resources in a research report on Tuesday, April 15th. BMO Capital Markets assumed coverage on Teck Resources in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. Desjardins initiated coverage on Teck Resources in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Finally, Veritas upgraded shares of Teck Resources to a "hold" rating in a research note on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Teck Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.11.

Teck Resources Price Performance

NYSE:TECK traded down $0.59 during mid-day trading on Friday, reaching $35.65. The stock had a trading volume of 3,668,023 shares, compared to its average volume of 3,178,955. Teck Resources Limited has a one year low of $28.32 and a one year high of $55.13. 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 firm has a 50 day moving average price of $37.71 and a two-hundred day moving average price of $42.34. The stock has a market capitalization of $17.57 billion, a P/E ratio of 64.82 and a beta of 0.81.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last issued its earnings results on Thursday, April 24th. The basic materials company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.18. The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $2.19 billion. Teck Resources had a net margin of 2.96% and a return on equity of 4.59%. As a group, analysts expect that Teck Resources Limited will post 1.53 earnings per share for the current year.

Teck Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.0901 per share. This is a positive change from Teck Resources's previous quarterly dividend of $0.09. The ex-dividend date is Monday, June 16th. This represents a $0.36 dividend on an annualized basis and a yield of 1.01%. Teck Resources's dividend payout ratio is presently 61.82%.

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.