105,200 Shares in Teck Resources Ltd $TECK Acquired by Credit Industriel ET Commercial

Credit Industriel ET Commercial bought a new position in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 105,200 shares of the basic materials company’s stock, valued at approximately $5,444,000.

Several other institutional investors also recently bought and sold shares of TECK. Brown Brothers Harriman & Co. purchased a new position in shares of Teck Resources during the 4th quarter worth $25,000. Blue Trust Inc. grew its position in shares of Teck Resources by 411.8% in the first quarter. Blue Trust Inc. now owns 563 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 453 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of Teck Resources in the fourth quarter valued at $103,000. Banque Cantonale Vaudoise increased its stake in Teck Resources by 5,102.0% in the third quarter. Banque Cantonale Vaudoise now owns 2,549 shares of the basic materials company’s stock valued at $112,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Ameriflex Group Inc. increased its stake in Teck Resources by 149.1% in the third quarter. Ameriflex Group Inc. now owns 3,044 shares of the basic materials company’s stock valued at $134,000 after purchasing an additional 1,822 shares during the last quarter. 78.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TECK has been the topic of a number of research analyst reports. Weiss Ratings raised Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Zacks Research lowered shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Teck Resources to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. raised their target price on shares of Teck Resources from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Veritas downgraded shares of Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Five equities 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 currently has a consensus rating of “Hold” and an average target price of $60.17.

Teck Resources Price Performance

Shares of Teck Resources stock opened at $59.36 on Tuesday. The business’s fifty day moving average price is $62.52 and its 200 day moving average price is $56.46. Teck Resources Ltd has a twelve month low of $30.98 and a twelve month high of $71.25. The company has a current ratio of 2.83, a quick ratio of 2.16 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $28.66 billion, a P/E ratio of 21.65, a PEG ratio of 3.56 and a beta of 0.92.

Teck Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 15th. Teck Resources’s payout ratio is currently 13.19%.

Teck Resources Company 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.