Teck Resources Ltd $TECK Position Lessened by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ lowered its position in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 8.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,352 shares of the basic materials company’s stock after selling 9,818 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Teck Resources were worth $5,650,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Louisbourg Investments Inc. raised its stake in shares of Teck Resources by 10.3% during the 1st quarter. Louisbourg Investments Inc. now owns 175,850 shares of the basic materials company’s stock worth $9,096,000 after purchasing an additional 16,388 shares in the last quarter. Union Bancaire Privee UBP SA grew its stake in shares of Teck Resources by 36.2% in the 1st quarter. Union Bancaire Privee UBP SA now owns 32,096 shares of the basic materials company’s stock valued at $1,661,000 after buying an additional 8,536 shares in the last quarter. Welch Group LLC grew its stake in shares of Teck Resources by 6.2% in the 1st quarter. Welch Group LLC now owns 6,266 shares of the basic materials company’s stock valued at $324,000 after buying an additional 367 shares in the last quarter. Blue Trust Inc. increased its holdings in Teck Resources by 411.8% in the first quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock worth $29,000 after buying an additional 453 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in Teck Resources by 33.3% in the first quarter. Banque Cantonale Vaudoise now owns 5,200 shares of the basic materials company’s stock worth $269,000 after buying an additional 1,300 shares during the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Teck Resources

Here are the key news stories impacting Teck Resources this week:

• Positive Sentiment: Deutsche Bank raised its price target on Teck Resources to $68 from $64 and reiterated a buy rating, suggesting meaningful upside from current levels. Deutsche Bank raises Teck Resources price target to $68
• Positive Sentiment: Investor interest in copper miners is improving as copper prices have outperformed gold, and Teck is seen as one of the producers positioned to benefit from stronger copper demand. Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
• Neutral Sentiment: Teck announced the mailing of a letter of transmittal and opened the election window for shareholders ahead of its planned merger of equals with Anglo American, a transaction that continues to keep the stock in focus. Teck Announces the Mailing of a Letter of Transmittal in Connection with the Merger of Equals with Anglo American
• Neutral Sentiment: Zacks Research trimmed some earnings estimates for fiscal 2027 and the June 2027 quarters, though it kept a Hold rating, which may temper some enthusiasm. Zacks Research updates Teck Resources estimates
• Negative Sentiment: Analysts also lowered FY2027 earnings expectations slightly, signaling a bit less profitability growth than previously projected. Zacks Research cuts FY2027 EPS estimate for Teck Resources

Teck Resources Stock Up 1.0%

Shares of TECK stock opened at $59.96 on Friday. The stock’s 50 day simple moving average is $62.49 and its 200 day simple moving average is $56.21. 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 company has a market capitalization of $28.95 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 3.52 and a beta of 0.92.

Teck Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. Teck Resources’s dividend payout ratio (DPR) is currently 13.19%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Teck Resources from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday. TD Securities restated a “hold” rating on shares of Teck Resources in a research note on Friday, April 24th. Zacks Research downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Scotiabank reaffirmed a “sector perform” rating on shares of Teck Resources in a research note on Monday, June 15th. Finally, Weiss Ratings upgraded shares of Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.17.

About Teck Resources

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.