Shares of Teck Resources Ltd. (NYSE:TCK) fell 6.7% during trading on Tuesday . The stock traded as low as $13.14 and last traded at $13.41, with a volume of 5,872,119 shares changing hands. The stock had previously closed at $14.38.

Several research firms have recently commented on TCK. Deutsche Bank AG reaffirmed a “sell” rating on shares of Teck Resources in a research report on Thursday. CIBC reissued a “sector outperform” rating and issued a $16.00 target price on shares of Teck Resources in a research report on Sunday, April 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of Teck Resources in a research report on Wednesday, June 8th. Nomura Holdings Inc. reissued a “sell” rating and issued a $6.00 target price on shares of Teck Resources in a research report on Friday, March 18th. Finally, Raymond James Financial Inc. lowered Teck Resources from a “market perform” rating to an “underperform” rating in a research report on Thursday, March 24th. Seven investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Teck Resources presently has a consensus rating of “Hold” and a consensus price target of $10.41.

The stock’s market capitalization is $7.79 billion. The company has a 50-day moving average price of $11.31 and a 200 day moving average price of $7.81.

The company also recently announced a semiannual dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.0393 dividend. This is an increase from Teck Resources’s previous semiannual dividend of $0.04. This represents a dividend yield of 0.7%. The ex-dividend date was Monday, June 13th.

Several hedge funds and institutional investors have recently added to or reduced their stakes in TCK. Letko Brosseau & Associates Inc. increased its position in Teck Resources by 29.7% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 23,379,656 shares of the company’s stock valued at $90,208,000 after buying an additional 5,348,465 shares during the period. Korea Investment CORP increased its position in Teck Resources by 6.4% in the fourth quarter. Korea Investment CORP now owns 612,700 shares of the company’s stock valued at $2,355,000 after buying an additional 36,900 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in Teck Resources by 46.4% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 5,318,617 shares of the company’s stock valued at $28,401,000 after buying an additional 1,686,000 shares during the period. I.G. Investment Management LTD. increased its position in Teck Resources by 3.3% in the fourth quarter. I.G. Investment Management LTD. now owns 865,420 shares of the company’s stock valued at $3,342,000 after buying an additional 27,400 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Teck Resources by 40.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 450,765 shares of the company’s stock valued at $1,740,000 after buying an additional 130,631 shares during the period.

Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company operates through five segments: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.

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