Swiss National Bank Acquires 2,800 Shares of Teck Resources Ltd (TECK)
Swiss National Bank lifted its holdings in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,200,479 shares of the basic materials company’s stock after purchasing an additional 2,800 shares during the period. Swiss National Bank owned about 385,710.60% of Teck Resources worth $46,342,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Capital Analysts LLC bought a new position in shares of Teck Resources in the 2nd quarter worth approximately $100,000. Winslow Evans & Crocker Inc. bought a new position in shares of Teck Resources in the 2nd quarter worth approximately $108,000. Financial Architects Inc bought a new position in shares of Teck Resources in the 2nd quarter worth approximately $123,000. PNC Financial Services Group Inc. bought a new stake in Teck Resources during the 2nd quarter worth approximately $124,000. Finally, Tower Research Capital LLC TRC bought a new stake in Teck Resources during the 2nd quarter worth approximately $164,000. Hedge funds and other institutional investors own 45.80% of the company’s stock.
Teck Resources Ltd (NYSE TECK) opened at $21.20 on Wednesday. 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 debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.42. The firm has a market cap of $12,459.72, a price-to-earnings ratio of 5.93, a P/E/G ratio of 0.83 and a beta of 1.26.
A number of research firms have commented on TECK. B. Riley restated a “buy” rating on shares of Teck Resources in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Teck Resources from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub cut shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 15th. ValuEngine cut shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Deutsche Bank AG restated a “buy” rating and set a $26.00 target price (up previously from $24.00) on shares of Teck Resources in a research note on Monday, September 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.13.
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Teck Resources Company 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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