Teck Resources Ltd (NYSE:TECK) (TSE:TECK) was the target of some unusual options trading activity on Friday. Investors purchased 26,093 call options on the company. This represents an increase of approximately Infinity compared to the average daily volume of 0 call options.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Analysts LLC acquired a new position in Teck Resources during the second quarter valued at approximately $100,000. Financial Architects Inc acquired a new position in Teck Resources during the second quarter valued at approximately $123,000. PNC Financial Services Group Inc. acquired a new position in Teck Resources during the second quarter valued at approximately $124,000. Tower Research Capital LLC TRC acquired a new position in Teck Resources during the second quarter valued at approximately $164,000. Finally, Candriam Luxembourg S.C.A. acquired a new position in Teck Resources during the second quarter valued at approximately $188,000. 46.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Teck Resources (NYSE:TECK) opened at $21.93 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.17 and a quick ratio of 1.42. Teck Resources has a 12-month low of $14.56 and a 12-month high of $33.76. The stock has a market cap of $12,511.06, a P/E ratio of 5.96, a P/E/G ratio of 0.83 and a beta of 1.26.

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

Several research firms have weighed in on TECK. CIBC began coverage on shares of Teck Resources in a report on Friday. They set a “sector outperform” rating for the company. Zacks Investment Research downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. B. Riley restated a “buy” rating on shares of Teck Resources in a report on Wednesday, November 1st. Berenberg Bank restated a “buy” rating and set a $27.50 target price on shares of Teck Resources in a report on Tuesday, October 31st. Finally, BidaskClub downgraded shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty have assigned a buy rating to the stock. Teck Resources has a consensus rating of “Buy” and a consensus price target of $30.65.

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About Teck Resources

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.

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