Citigroup lowered shares of Teck Resources (NYSE:TECK) (TSE:TECK) from a buy rating to a neutral rating in a report released on Monday morning, Marketbeat reports.

Other equities research analysts have also issued reports about the stock. B. Riley reiterated 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 report on Friday, September 15th. ValuEngine lowered shares of Teck Resources from a strong-buy rating to a buy rating in a research report on Wednesday, September 6th. Deutsche Bank reiterated a buy rating and issued a $26.00 price objective (up from $24.00) on shares of Teck Resources in a research report on Monday, September 25th. Finally, Zacks Investment Research lowered shares of Teck Resources from a buy rating to a hold rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the stock. Teck Resources currently has a consensus rating of Buy and an average target price of $30.65.

Shares of Teck Resources (NYSE:TECK) opened at $22.79 on Monday. Teck Resources has a 1 year low of $14.56 and a 1 year high of $33.76. The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.32. The company has a market cap of $13,423.86, a PE ratio of 6.39, a P/E/G ratio of 0.85 and a beta of 1.31.

The company also recently announced a special dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.3141 dividend. This represents a yield of 0.72%. The ex-dividend date of this dividend is Thursday, December 14th. Teck Resources’s payout ratio is 2.53%.

Hedge funds have recently made changes to their positions in the stock. Letko Brosseau & Associates Inc. acquired a new position in shares of Teck Resources during the 2nd quarter valued at about $237,787,000. Impala Asset Management LLC acquired a new position in shares of Teck Resources during the 2nd quarter valued at about $217,614,000. Capital Research Global Investors acquired a new position in shares of Teck Resources during the 2nd quarter valued at about $187,626,000. Vanguard Group Inc. acquired a new position in shares of Teck Resources during the 2nd quarter valued at about $182,655,000. Finally, TD Asset Management Inc. acquired a new position in shares of Teck Resources during the 2nd quarter valued at about $146,189,000. 54.26% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Teck Resources (NYSE:TECK)

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