Teck Resources Ltd $TECK Stock Holdings Reduced by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. lowered its position in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 680,583 shares of the basic materials company’s stock after selling 62,780 shares during the quarter. Mufg Securities Canada LTD.’s holdings in Teck Resources were worth $32,590,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TECK. Mariner LLC boosted its stake in shares of Teck Resources by 5.9% during the 4th quarter. Mariner LLC now owns 17,467 shares of the basic materials company’s stock worth $837,000 after acquiring an additional 979 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Teck Resources by 1,780.3% during the 4th quarter. Focus Partners Wealth now owns 101,290 shares of the basic materials company’s stock worth $4,851,000 after acquiring an additional 95,903 shares in the last quarter. Fourth Sail Capital LP bought a new stake in shares of Teck Resources during the 4th quarter worth about $7,112,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Teck Resources during the 4th quarter worth about $16,223,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Teck Resources during the 4th quarter worth about $151,000. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources Price Performance

NYSE TECK opened at $64.80 on Monday. Teck Resources Ltd has a twelve month low of $30.98 and a twelve month high of $71.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.16 and a current ratio of 2.83. The stock has a market capitalization of $31.24 billion, a PE ratio of 23.74, a P/E/G ratio of 3.93 and a beta of 0.89. The stock has a 50-day simple moving average of $60.94 and a 200 day simple moving average of $54.44.

Teck Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th. Teck Resources’s payout ratio is currently 13.55%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Veritas downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Benchmark upped their price target on Teck Resources from $48.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Zacks Research downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Teck Resources in a research note on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Teck Resources presently has an average rating of “Hold” and a consensus target price of $59.17.

Teck Resources 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.