Shares of Teck Resources Ltd. (NYSE:TCK) saw unusually-strong trading volume on Tuesday . Approximately 6,757,688 shares traded hands during mid-day trading, a decline of 12% from the previous session’s volume of 7,692,302 shares.The stock last traded at $13.46 and had previously closed at $14.38.

A number of equities analysts recently commented on TCK shares. FBR & Co reissued a “hold” rating on shares of Teck Resources in a research note on Monday, May 2nd. Zacks Investment Research raised Teck Resources from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, April 28th. RBC Capital Markets reaffirmed an “outperform” rating and set a $16.00 price target on shares of Teck Resources in a research report on Tuesday. TheStreet reaffirmed a “sell” rating on shares of Teck Resources in a research report on Monday, May 30th. Finally, Clarkson Capital raised Teck Resources from a “neutral” rating to a “buy” rating in a research report on Monday. Seven equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Teck Resources has a consensus rating of “Hold” and an average target price of $10.94.

The company’s 50 day moving average price is $12.35 and its 200-day moving average price is $8.42. The firm’s market capitalization is $7.73 billion.

The firm also recently disclosed a semiannual dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a $0.0393 dividend. This is a positive change from Teck Resources’s previous semiannual dividend of $0.04. The ex-dividend date was Monday, June 13th. This represents a yield of 0.7%.

A hedge fund recently raised its stake in Teck Resources stock. I.G. Investment Management LTD. raised its position in shares of Teck Resources Ltd. (NYSE:TCK) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 865,420 shares of the company’s stock after buying an additional 27,400 shares during the period. I.G. Investment Management LTD. owned about 0.15% of Teck Resources worth $3,342,000 at the end of the most recent reporting 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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