Anchor Capital Advisors LLC Boosts Holdings in Teck Resources Ltd $TECK

Anchor Capital Advisors LLC lifted its holdings in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 14.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 632,750 shares of the basic materials company’s stock after acquiring an additional 80,692 shares during the quarter. Anchor Capital Advisors LLC owned 0.13% of Teck Resources worth $30,302,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Welch Group LLC grew its stake in shares of Teck Resources by 3.5% during the fourth quarter. Welch Group LLC now owns 5,899 shares of the basic materials company’s stock valued at $283,000 after buying an additional 199 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Teck Resources by 72.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 836 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Teck Resources by 1.0% during the 3rd quarter. GSA Capital Partners LLP now owns 40,941 shares of the basic materials company’s stock valued at $1,797,000 after acquiring an additional 409 shares during the period. 44 Wealth Management LLC boosted its holdings in Teck Resources by 1.3% during the 4th quarter. 44 Wealth Management LLC now owns 31,488 shares of the basic materials company’s stock valued at $1,508,000 after acquiring an additional 411 shares during the period. Finally, NewEdge Advisors LLC grew its position in Teck Resources by 5.5% during the 3rd quarter. NewEdge Advisors LLC now owns 8,635 shares of the basic materials company’s stock worth $379,000 after acquiring an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Teck Resources Stock Performance

Shares of TECK stock opened at $70.61 on Wednesday. The firm has a market capitalization of $34.04 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 4.97 and a beta of 0.89. The stock has a fifty day moving average of $58.21 and a 200 day moving average of $52.94. Teck Resources Ltd has a 52 week low of $30.98 and a 52 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 15th. Teck Resources’s dividend payout ratio is presently 13.55%.

Analyst Ratings Changes

A number of equities analysts have commented on TECK shares. Zacks Research cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. TD Securities restated a “hold” rating on shares of Teck Resources in a report on Friday, April 24th. Wall Street Zen raised shares of Teck Resources to a “buy” rating in a research note on Saturday, May 16th. Scotiabank reiterated a “sector perform” rating on shares of Teck Resources in a report on Tuesday, April 14th. Finally, Weiss Ratings raised shares of Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $59.17.

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.