Anchor Capital Advisors LLC Purchases 80,692 Shares of Teck Resources Ltd $TECK

Anchor Capital Advisors LLC increased its position in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 632,750 shares of the basic materials company’s stock after purchasing an additional 80,692 shares during the period. Anchor Capital Advisors LLC’s holdings in Teck Resources were worth $30,302,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Teck Resources by 11.1% in the 1st quarter. AQR Capital Management LLC now owns 34,705 shares of the basic materials company’s stock worth $1,264,000 after acquiring an additional 3,458 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Teck Resources by 453.0% in the 1st quarter. Jones Financial Companies Lllp now owns 9,721 shares of the basic materials company’s stock worth $354,000 after purchasing an additional 7,963 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Teck Resources by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 465,861 shares of the basic materials company’s stock worth $16,971,000 after purchasing an additional 8,146 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Teck Resources by 189.3% in the 2nd quarter. Marshall Wace LLP now owns 218,242 shares of the basic materials company’s stock worth $8,813,000 after buying an additional 142,816 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Teck Resources by 4,602.9% during the 2nd quarter. NewEdge Advisors LLC now owns 8,183 shares of the basic materials company’s stock valued at $330,000 after buying an additional 8,009 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.

Teck Resources Trading Up 4.1%

Teck Resources stock opened at $70.61 on Wednesday. Teck Resources Ltd has a 1 year low of $30.98 and a 1 year high of $71.25. The firm’s 50 day moving average price is $58.21 and its 200-day moving average price is $52.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.83 and a quick ratio of 2.16. The stock has a market cap of $34.04 billion, a P/E ratio of 25.86, a PEG ratio of 4.97 and a beta of 0.89.

Teck Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, June 15th. Teck Resources’s payout ratio is currently 13.55%.

Analyst Ratings Changes

A number of brokerages have issued reports on TECK. Zacks Research cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of Teck Resources to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. lifted their price target on shares of Teck Resources from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, TD Securities reiterated a “hold” rating on shares of Teck Resources in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $59.17.

Teck Resources Company Profile

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.