80,021 Shares in Teck Resources Ltd $TECK Acquired by DJE Kapital AG

DJE Kapital AG bought a new position in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 80,021 shares of the basic materials company’s stock, valued at approximately $3,870,000.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in Teck Resources by 72.4% during the third quarter. Smartleaf Asset Management LLC now owns 836 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 351 shares during the last quarter. Tobam boosted its position in Teck Resources by 30.9% during the third quarter. Tobam now owns 2,011 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 475 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Teck Resources by 82.8% during the third quarter. EverSource Wealth Advisors LLC now owns 2,217 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 1,004 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Teck Resources during the fourth quarter worth approximately $103,000. Finally, Banque Cantonale Vaudoise boosted its position in Teck Resources by 5,102.0% during the third quarter. Banque Cantonale Vaudoise now owns 2,549 shares of the basic materials company’s stock worth $112,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

Teck Resources Stock Up 6.3%

Shares of TECK opened at $63.68 on Friday. The firm has a market cap of $30.70 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 4.30 and a beta of 0.89. The company’s fifty day moving average is $60.71 and its two-hundred day moving average is $54.27. Teck Resources Ltd has a fifty-two week low of $30.98 and a fifty-two week high of $71.25. The company has a quick ratio of 2.16, a current ratio of 2.83 and a debt-to-equity ratio of 0.13.

Teck Resources Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Scotiabank restated a “sector perform” rating on shares of Teck Resources in a research report on Tuesday, April 14th. Benchmark raised their target price on shares of Teck Resources from $48.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Teck Resources in a report on Friday, May 15th. Zacks Research lowered shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, Teck Resources has an average rating of “Hold” and a consensus price target of $59.17.

About Teck Resources

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.