Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Teck Resources Ltd. (NYSE:TCK) by 17.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,318,117 shares of the company’s stock after buying an additional 638,200 shares during the period. Teck Resources comprises 0.8% of Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s portfolio, making the stock its 23rd largest position. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.75% of Teck Resources worth $73,451,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of TCK. Canada Pension Plan Investment Board boosted its stake in shares of Teck Resources by 190.3% in the first quarter. Canada Pension Plan Investment Board now owns 153,615 shares of the company’s stock valued at $1,170,000 after buying an additional 100,700 shares during the period. AMP Capital Investors Ltd boosted its stake in shares of Teck Resources by 3.0% in the first quarter. AMP Capital Investors Ltd now owns 278,011 shares of the company’s stock valued at $2,180,000 after buying an additional 8,100 shares during the period. One Capital Management LLC boosted its stake in shares of Teck Resources by 15.9% in the first quarter. One Capital Management LLC now owns 193,015 shares of the company’s stock valued at $1,469,000 after buying an additional 26,451 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Teck Resources by 27.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 36,123 shares of the company’s stock valued at $476,000 after buying an additional 7,887 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Teck Resources by 4.1% in the second quarter. Swiss National Bank now owns 3,207,479 shares of the company’s stock valued at $42,024,000 after buying an additional 126,600 shares during the period. 47.21% of the stock is currently owned by hedge funds and other institutional investors.
Teck Resources Ltd. (NYSE:TCK) traded up 2.37% during mid-day trading on Monday, hitting $21.57. 4,766,251 shares of the company traded hands. The company’s market capitalization is $12.43 billion. Teck Resources Ltd. has a one year low of $2.56 and a one year high of $21.71. The company’s 50-day moving average price is $18.62 and its 200 day moving average price is $14.29.
Teck Resources (NYSE:TCK) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Teck Resources had a positive return on equity of 1.14% and a negative net margin of 1.42%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 EPS. On average, analysts anticipate that Teck Resources Ltd. will post $1.01 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on TCK shares. Deutsche Bank AG raised Teck Resources from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $11.50 to $20.00 in a research note on Monday, October 3rd. Zacks Investment Research raised Teck Resources from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, October 5th. Sanford C. Bernstein reissued a “sell” rating and set a $10.00 price objective on shares of Teck Resources in a research note on Friday, August 19th. CIBC reissued an “outperform” rating on shares of Teck Resources in a research note on Thursday, October 13th. Finally, National Bank Financial raised Teck Resources from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, October 18th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $17.83.
Teck Resources Company Profile
Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company operates through five segments: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.