Teck Resources Ltd. (TCK) Stock Price Down 1.6%
Teck Resources Ltd. (NYSE:TCK) shares fell 1.6% during trading on Monday . The stock traded as low as $13.94 and last traded at $14.14, with a volume of 2,523,973 shares traded. The stock had previously closed at $14.37.
Several brokerages have recently commented on TCK. Deutsche Bank AG reissued a “sell” rating on shares of Teck Resources in a report on Thursday, July 7th. CIBC restated a “sector outperform” rating and issued a $16.00 price objective on shares of Teck Resources in a research report on Sunday, April 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Teck Resources in a research report on Wednesday, June 8th. FBR & Co boosted their price objective on shares of Teck Resources from $15.00 to $16.00 and gave the stock a “mkt perform” rating in a research report on Wednesday. Finally, Raymond James Financial Inc. cut shares of Teck Resources from a “market perform” rating to an “underperform” rating in a research report on Thursday, March 24th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Teck Resources presently has a consensus rating of “Hold” and a consensus price target of $11.28.
The company’s market capitalization is $7.73 billion. The firm has a 50-day moving average price of $12.39 and a 200 day moving average price of $8.45.
The firm also recently declared a semiannual dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.0393 per share. This is a boost from Teck Resources’s previous semiannual dividend of $0.04. The ex-dividend date of this dividend was Monday, June 13th. This represents a dividend yield of 0.7%.
An institutional investor recently raised its position in Teck Resources stock. BNP Paribas Arbitrage SA increased its stake in shares of Teck Resources Ltd. (NYSE:TCK) by 40.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 450,765 shares of the company’s stock after buying an additional 130,631 shares during the period. BNP Paribas Arbitrage SA owned about 0.08% of Teck Resources worth $1,740,000 as of its most recent SEC filing.
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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