Amundi Pioneer Asset Management Inc. bought a new stake in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 162,157 shares of the basic materials company’s stock, valued at approximately $4,244,000.

A number of other large investors have also bought and sold shares of TECK. Sei Investments Co. increased its holdings in Teck Resources by 9,378.9% during the 3rd quarter. Sei Investments Co. now owns 61,992 shares of the basic materials company’s stock valued at $1,307,000 after acquiring an additional 61,338 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Teck Resources by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 611,879 shares of the basic materials company’s stock valued at $12,904,000 after acquiring an additional 13,783 shares in the last quarter. Comerica Bank increased its holdings in Teck Resources by 6.9% during the 3rd quarter. Comerica Bank now owns 63,544 shares of the basic materials company’s stock valued at $1,319,000 after acquiring an additional 4,108 shares in the last quarter. Cipher Capital LP acquired a new stake in shares of Teck Resources during the 3rd quarter worth about $1,041,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Teck Resources during the 3rd quarter worth about $241,000. Hedge funds and other institutional investors own 54.28% of the company’s stock.

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Shares of Teck Resources stock opened at $27.28 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.81 and a quick ratio of 1.19. Teck Resources Ltd has a 12-month low of $14.56 and a 12-month high of $30.80. The stock has a market cap of $14,979.73, a P/E ratio of 8.27, a P/E/G ratio of 0.72 and a beta of 1.37.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.06). Teck Resources had a return on equity of 13.69% and a net margin of 20.83%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business posted $1.61 earnings per share. Teck Resources’s revenue was down 9.8% on a year-over-year basis. analysts anticipate that Teck Resources Ltd will post 3.5 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.04 dividend. The ex-dividend date is Wednesday, March 14th. This is a boost from Teck Resources’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a dividend yield of 0.59%. Teck Resources’s dividend payout ratio (DPR) is currently 4.85%.

Several equities research analysts have issued reports on TECK shares. Zacks Investment Research raised shares of Teck Resources from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, January 31st. ValuEngine raised shares of Teck Resources from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Bank of America set a $36.00 price target on shares of Teck Resources and gave the stock a “buy” rating in a research note on Friday, February 9th. Morgan Stanley raised their price target on shares of Teck Resources from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. Finally, Scotiabank raised shares of Teck Resources from an “outperform” rating to a “focus list” rating in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $30.15.

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Teck Resources Company Profile

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.

Institutional Ownership by Quarter for Teck Resources (NYSE:TECK)

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