Keybank National Association OH Acquires New Stake in Teck Resources Ltd (TECK)
Keybank National Association OH acquired a new stake in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,348 shares of the basic materials company’s stock, valued at approximately $218,000.
Several other large investors have also bought and sold shares of TECK. Capital Analysts LLC purchased a new stake in Teck Resources during the second quarter valued at about $100,000. Financial Architects Inc purchased a new stake in Teck Resources during the second quarter valued at about $123,000. PNC Financial Services Group Inc. purchased a new stake in Teck Resources during the second quarter valued at about $124,000. Tower Research Capital LLC TRC purchased a new stake in Teck Resources during the second quarter valued at about $164,000. Finally, Candriam Luxembourg S.C.A. purchased a new stake in Teck Resources during the second quarter valued at about $188,000. Institutional investors own 46.23% of the company’s stock.
A number of research firms have commented on TECK. ValuEngine lowered shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. MKM Partners reaffirmed a “buy” rating and set a $30.00 price objective on shares of Teck Resources in a research note on Wednesday, September 20th. Zacks Investment Research lowered shares of Teck Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. BMO Capital Markets increased their price target on shares of Teck Resources from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, September 25th. Finally, B. Riley reissued a “buy” rating on shares of Teck Resources in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.65.
Teck Resources Ltd (NYSE TECK) opened at $21.93 on Monday. Teck Resources Ltd has a 52-week low of $14.56 and a 52-week high of $33.76. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.32. The firm has a market cap of $12,511.06, a P/E ratio of 5.96, a P/E/G ratio of 0.83 and a beta of 1.26.
The business also recently declared a special dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.3141 per share. The ex-dividend date is Thursday, December 14th. This represents a yield of 0.72%. Teck Resources’s dividend payout ratio (DPR) is presently 2.53%.
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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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