DJE Kapital AG Has $2.21 Million Stake in Teck Resources Ltd $TECK

DJE Kapital AG lowered its stake in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 45.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,800 shares of the basic materials company’s stock after selling 36,221 shares during the quarter. DJE Kapital AG’s holdings in Teck Resources were worth $2,206,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Brown Brothers Harriman & Co. acquired a new stake in Teck Resources in the fourth quarter worth $25,000. Geneos Wealth Management Inc. raised its holdings in shares of Teck Resources by 117.4% during the first quarter. Geneos Wealth Management Inc. now owns 561 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 303 shares during the period. Blue Trust Inc. raised its holdings in shares of Teck Resources by 411.8% during 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 bought a new position in shares of Teck Resources during the 4th quarter worth about $103,000. Finally, Banque Cantonale Vaudoise grew its stake in shares of Teck Resources by 5,102.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 2,549 shares of the basic materials company’s stock valued at $112,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TECK. Veritas lowered Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Weiss Ratings upgraded Teck Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Zacks Research cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Teck Resources from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Teck Resources from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Teck Resources has a consensus rating of “Hold” and a consensus target price of $63.00.

Teck Resources Stock Down 0.9%

Shares of NYSE TECK opened at $54.54 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.83 and a quick ratio of 2.16. The company has a 50-day moving average price of $61.96 and a 200-day moving average price of $57.26. The stock has a market capitalization of $26.33 billion, a P/E ratio of 19.98, a P/E/G ratio of 1.63 and a beta of 0.92. Teck Resources Ltd has a 1 year low of $30.98 and a 1 year high of $71.25.

Teck Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.125 per share. The ex-dividend date was Monday, June 15th. This represents a $0.50 dividend on an annualized basis and a yield of 0.9%. Teck Resources’s payout ratio is 13.19%.

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.