8,785 Shares in Teck Resources Ltd $TECK Acquired by Signet Private Wealth LLC

Signet Private Wealth LLC purchased a new position in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,785 shares of the basic materials company’s stock, valued at approximately $421,000.

A number of other institutional investors have also added to or reduced their stakes in TECK. Smartleaf Asset Management LLC raised its stake in Teck Resources by 72.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 836 shares of the basic materials company’s stock worth $37,000 after buying an additional 351 shares during the period. Tobam raised its stake in Teck Resources by 30.9% during the 3rd quarter. Tobam now owns 2,011 shares of the basic materials company’s stock worth $88,000 after buying an additional 475 shares during the period. EverSource Wealth Advisors LLC raised its stake in Teck Resources by 82.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,217 shares of the basic materials company’s stock worth $97,000 after buying an additional 1,004 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Teck Resources during the 4th quarter worth approximately $103,000. Finally, Banque Cantonale Vaudoise raised its stake in Teck Resources by 5,102.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,549 shares of the basic materials company’s stock worth $112,000 after buying an additional 2,500 shares during the period. 78.06% of the stock is owned by institutional investors and hedge funds.

Teck Resources Trading Down 3.2%

Shares of Teck Resources stock opened at $59.89 on Thursday. The stock has a fifty day simple moving average of $60.47 and a 200 day simple moving average of $54.11. Teck Resources Ltd has a 12-month low of $30.98 and a 12-month high of $71.25. The company has a market capitalization of $28.88 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 4.53 and a beta of 0.89. The company has a current ratio of 2.83, a quick ratio of 2.16 and a debt-to-equity ratio of 0.13.

Teck Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th. Teck Resources’s dividend payout ratio (DPR) is presently 13.55%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Benchmark upped their price target on Teck Resources from $48.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. increased their price objective on Teck Resources from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Teck Resources in a research note on Friday, May 15th. Weiss Ratings upgraded Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Veritas downgraded Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.17.

Teck Resources Profile

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.