CIBC Asset Management Inc increased its position in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,652,241 shares of the basic materials company’s stock after purchasing an additional 334,680 shares during the period. Teck Resources accounts for about 1.1% of CIBC Asset Management Inc’s holdings, making the stock its 25th biggest holding. CIBC Asset Management Inc owned 1.52% of Teck Resources worth $181,681,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TECK. Letko Brosseau & Associates Inc. purchased a new stake in Teck Resources during the 2nd quarter valued at approximately $237,787,000. Impala Asset Management LLC purchased a new stake in Teck Resources during the 2nd quarter valued at approximately $217,614,000. Capital Research Global Investors purchased a new stake in Teck Resources during the 2nd quarter valued at approximately $187,626,000. Vanguard Group Inc. purchased a new stake in Teck Resources during the 2nd quarter valued at approximately $182,655,000. Finally, TD Asset Management Inc. purchased a new stake in Teck Resources during the 2nd quarter valued at approximately $146,189,000. 45.80% of the stock is owned by institutional investors and hedge funds.

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Teck Resources Ltd (NYSE TECK) traded up $0.08 on Monday, hitting $21.53. The company had a trading volume of 2,461,100 shares, compared to its average volume of 5,144,169. The firm has a market cap of $12,600.00, a PE ratio of 5.85, a P/E/G ratio of 0.82 and a beta of 1.27. The company has a current ratio of 2.17, a quick ratio of 1.42 and a debt-to-equity ratio of 0.32. Teck Resources Ltd has a 1-year low of $14.56 and a 1-year high of $33.76.

Several analysts have commented on the company. Zacks Investment Research raised Teck Resources from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday. B. Riley reaffirmed a “buy” rating on shares of Teck Resources in a research note on Wednesday, November 1st. Berenberg Bank reaffirmed a “buy” rating and set a $27.50 price objective on shares of Teck Resources in a research note on Tuesday, October 31st. BidaskClub downgraded Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. Finally, ValuEngine downgraded Teck Resources from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating and twenty-two have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.13.

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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