J. Safra Sarasin Holding AG Acquires 17,814 Shares of Teck Resources Ltd $TECK

J. Safra Sarasin Holding AG lifted its holdings in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 58.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,331 shares of the basic materials company’s stock after purchasing an additional 17,814 shares during the period. J. Safra Sarasin Holding AG’s holdings in Teck Resources were worth $2,121,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in Teck Resources by 11.1% during the 1st quarter. AQR Capital Management LLC now owns 34,705 shares of the basic materials company’s stock worth $1,264,000 after buying an additional 3,458 shares during the period. Jones Financial Companies Lllp raised its position in shares of Teck Resources by 453.0% during the first quarter. Jones Financial Companies Lllp now owns 9,721 shares of the basic materials company’s stock worth $354,000 after acquiring an additional 7,963 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Teck Resources by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 465,861 shares of the basic materials company’s stock worth $16,971,000 after acquiring an additional 8,146 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Teck Resources in the second quarter worth approximately $245,000. Finally, Farther Finance Advisors LLC boosted its holdings in Teck Resources by 351.8% in the second quarter. Farther Finance Advisors LLC now owns 4,654 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 3,624 shares during the last quarter. 78.06% of the stock is currently owned by institutional investors and hedge funds.

Teck Resources Trading Up 3.1%

TECK opened at $56.45 on Wednesday. The company has a fifty day moving average price of $46.75 and a two-hundred day moving average price of $41.36. Teck Resources Ltd has a 1-year low of $28.32 and a 1-year high of $56.46. The company has a market cap of $27.14 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

TECK has been the subject of several analyst reports. Raymond James Financial lowered shares of Teck Resources from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 14th. Citigroup reissued a “neutral” rating on shares of Teck Resources in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $46.00 price target on shares of Teck Resources in a research report on Wednesday, November 26th. Benchmark reiterated a “buy” rating on shares of Teck Resources in a report on Thursday, October 23rd. Finally, Scotiabank reissued a “sector perform” rating on shares of Teck Resources in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Teck Resources presently has an average rating of “Hold” and an average target price of $53.33.

Teck Resources 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.