173,017 Shares in Teck Resources Ltd (TECK) Acquired by AHL Partners LLP

AHL Partners LLP bought a new position in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 173,017 shares of the basic materials company’s stock, valued at approximately $2,998,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital Analysts LLC purchased a new position in shares of Teck Resources in the 2nd quarter worth about $100,000. Winslow Evans & Crocker Inc. purchased a new position in shares of Teck Resources in the 2nd quarter worth about $108,000. Financial Architects Inc purchased a new position in shares of Teck Resources in the 2nd quarter worth about $123,000. PNC Financial Services Group Inc. purchased a new position in shares of Teck Resources in the 2nd quarter worth about $124,000. Finally, Nexus Investment Management Inc. purchased a new position in shares of Teck Resources in the 2nd quarter worth about $182,000. Hedge funds and other institutional investors own 46.80% of the company’s stock.

A number of equities analysts have recently commented on TECK shares. Bank of America Corporation upgraded Teck Resources from a “neutral” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research downgraded Teck Resources from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Deutsche Bank AG restated a “buy” rating and issued a $23.00 price objective (down from $24.00) on shares of Teck Resources in a report on Sunday, June 25th. Royal Bank Of Canada restated an “outperform” rating and issued a $38.00 price objective (down from $39.00) on shares of Teck Resources in a report on Friday, June 16th. Finally, MKM Partners restated a “buy” rating and issued a $28.00 price objective (up from $25.00) on shares of Teck Resources in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Teck Resources currently has an average rating of “Buy” and a consensus price target of $31.18.

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Shares of Teck Resources Ltd (TECK) opened at 22.47 on Wednesday. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 7.73 and a beta of 1.20. The firm’s 50-day moving average price is $22.91 and its 200-day moving average price is $20.61. Teck Resources Ltd has a 52 week low of $14.56 and a 52 week high of $26.60.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. Teck Resources had a return on equity of 13.01% and a net margin of 17.93%. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.75 billion. The business’s quarterly revenue was up 62.0% compared to the same quarter last year. Equities research analysts expect that Teck Resources Ltd will post $3.50 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.0399 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.71%. Teck Resources’s dividend payout ratio is presently 3.01%.

Teck Resources Profile

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

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Institutional Ownership by Quarter for Teck Resources (NYSE:TECK)

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