Shares of Teck Resources Ltd. (NYSE:TCK) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.51 and last traded at $14.23, with a volume of 6,238,092 shares trading hands. The stock had previously closed at $13.84.

Several brokerages recently issued reports on TCK. Zacks Investment Research downgraded Teck Resources from a “buy” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank AG reissued a “sell” rating on shares of Teck Resources in a research note on Thursday, July 7th. TD Securities reissued a “buy” rating and set a $20.00 target price (up previously from $17.00) on shares of Teck Resources in a research note on Friday, July 1st. Credit Suisse Group AG reissued a “hold” rating on shares of Teck Resources in a research note on Tuesday, June 28th. Finally, FBR & Co reissued a “hold” rating on shares of Teck Resources in a research note on Wednesday, June 15th. Seven investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Teck Resources currently has an average rating of “Hold” and a consensus target price of $10.65.

The stock’s market capitalization is $8.21 billion. The firm has a 50 day moving average of $11.79 and a 200 day moving average of $8.11.

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

Several large investors recently bought and sold shares of TCK. BNP Paribas Arbitrage SA boosted its stake 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 in the last quarter. I.G. Investment Management LTD. boosted its stake 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. Letko Brosseau & Associates Inc. boosted its stake 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. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake 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. Finally, Korea Investment CORP boosted its stake 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.

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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