Teck Resources Ltd (TECK) Shares Sold by Lingohr & Partner Asset Management GmbH

Lingohr & Partner Asset Management GmbH lessened its holdings in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 3.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,476 shares of the basic materials company’s stock after selling 1,600 shares during the period. Teck Resources accounts for approximately 1.1% of Lingohr & Partner Asset Management GmbH’s investment portfolio, making the stock its 6th biggest holding. Lingohr & Partner Asset Management GmbH’s holdings in Teck Resources were worth $1,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Shell Asset Management Co. raised its stake in Teck Resources by 1.1% during the first quarter. Shell Asset Management Co. now owns 45,078 shares of the basic materials company’s stock valued at $1,043,000 after buying an additional 500 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Teck Resources by 10.9% during the first quarter. Great West Life Assurance Co. Can now owns 4,649,511 shares of the basic materials company’s stock valued at $107,162,000 after buying an additional 455,165 shares in the last quarter. PCJ Investment Counsel Ltd. raised its stake in Teck Resources by 25.4% during the first quarter. PCJ Investment Counsel Ltd. now owns 956,032 shares of the basic materials company’s stock valued at $22,127,000 after buying an additional 193,530 shares in the last quarter. US Bancorp DE raised its stake in Teck Resources by 24.8% during the first quarter. US Bancorp DE now owns 20,579 shares of the basic materials company’s stock valued at $477,000 after buying an additional 4,091 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Teck Resources during the first quarter valued at approximately $26,922,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. Raymond James restated a “buy” rating on shares of Teck Resources in a research note on Thursday, April 4th. Zacks Investment Research cut Teck Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine cut Teck Resources from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Bank of America set a $30.00 price objective on Teck Resources and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, MKM Partners restated a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of Teck Resources in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $29.29.



NYSE TECK traded down $0.42 on Thursday, reaching $19.83. 117,134 shares of the stock traded hands, compared to its average volume of 2,772,537. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.06 and a current ratio of 2.95. The firm has a market cap of $10.87 billion, a P/E ratio of 6.21 and a beta of 1.25. Teck Resources Ltd has a 12 month low of $18.17 and a 12 month high of $30.11.

Teck Resources (NYSE:TECK) (TSE:TECK) last issued its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.24 billion. Teck Resources had a return on equity of 9.59% and a net margin of 23.71%. During the same period last year, the company posted $1.31 EPS. On average, research analysts predict that Teck Resources Ltd will post 2.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.037 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, June 13th. Teck Resources’s dividend payout ratio is presently 4.78%.

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Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

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Institutional Ownership by Quarter for Teck Resources (NYSE:TECK)

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