State of Wisconsin Investment Board boosted its holdings in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 644,046 shares of the basic materials company’s stock after acquiring an additional 20,300 shares during the quarter. State of Wisconsin Investment Board owned 0.11% of Teck Resources worth $13,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TECK. Letko Brosseau & Associates Inc. bought a new position in Teck Resources in the 2nd quarter valued at about $237,787,000. Impala Asset Management LLC bought a new position in Teck Resources in the 2nd quarter valued at about $217,614,000. Capital Research Global Investors bought a new position in Teck Resources in the 2nd quarter valued at about $187,626,000. Vanguard Group Inc. bought a new position in Teck Resources in the 2nd quarter valued at about $182,655,000. Finally, TD Asset Management Inc. bought a new position in Teck Resources in the 2nd quarter valued at about $146,189,000. 45.80% of the stock is currently owned by institutional investors and hedge funds.

Teck Resources Ltd (TECK) opened at $21.84 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. Teck Resources Ltd has a fifty-two week low of $14.56 and a fifty-two week high of $33.76. The company has a market cap of $12,282.86, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.82 and a beta of 1.26.

Several brokerages recently weighed in on TECK. B. Riley reaffirmed a “buy” rating on shares of Teck Resources in a research report on Wednesday, November 1st. BidaskClub lowered shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 15th. ValuEngine lowered shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 6th. Deutsche Bank AG reiterated a “buy” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Teck Resources in a research note on Monday, September 25th. Finally, Zacks Investment Research lowered shares of Teck Resources from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $31.13.

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Teck Resources Profile

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

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Institutional Ownership by Quarter for Teck Resources (NYSE:TECK)

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