Fiera Capital Corp grew its stake in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260,300 shares of the basic materials company’s stock after buying an additional 20,355 shares during the period. Fiera Capital Corp’s holdings in Teck Resources were worth $6,632,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Guggenheim Capital LLC lifted its position in shares of Teck Resources by 31.6% during the 4th quarter. Guggenheim Capital LLC now owns 54,255 shares of the basic materials company’s stock worth $1,420,000 after purchasing an additional 13,040 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of Teck Resources by 30.0% during the 1st quarter. Global X Management Co. LLC now owns 204,036 shares of the basic materials company’s stock worth $5,252,000 after purchasing an additional 47,095 shares during the last quarter. ARP Americas LP acquired a new position in shares of Teck Resources during the 1st quarter worth about $607,000. DekaBank Deutsche Girozentrale lifted its position in shares of Teck Resources by 25.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 203,642 shares of the basic materials company’s stock worth $5,075,000 after purchasing an additional 40,810 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Teck Resources by 1.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,698 shares of the basic materials company’s stock worth $3,492,000 after purchasing an additional 1,986 shares during the last quarter. 55.11% of the stock is owned by institutional investors.

Teck Resources stock opened at $24.90 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.38 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $14.11 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 0.66 and a beta of 1.42. Teck Resources Ltd has a 12 month low of $20.06 and a 12 month high of $30.80.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings results on Thursday, July 26th. The basic materials company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.84 by $0.28. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Teck Resources had a return on equity of 13.56% and a net margin of 22.12%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 EPS. analysts expect that Teck Resources Ltd will post 3.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a $0.038 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.15 annualized dividend and a yield of 0.61%. Teck Resources’s dividend payout ratio (DPR) is 4.37%.

Several equities analysts recently weighed in on TECK shares. Morgan Stanley boosted their price objective on Teck Resources from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, June 29th. Zacks Investment Research cut Teck Resources from a “hold” rating to a “sell” rating in a research report on Thursday, June 28th. MKM Partners set a $35.00 price objective on Teck Resources and gave the stock a “buy” rating in a research report on Wednesday, June 6th. Finally, ValuEngine raised Teck Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.94.

Teck Resources Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise 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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