Teck Resources Ltd (NYSE:TECK) Shares Acquired by Swiss National Bank

Swiss National Bank boosted its position in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,856,479 shares of the basic materials company’s stock after buying an additional 68,700 shares during the period. Swiss National Bank owned approximately 0.33% of Teck Resources worth $42,838,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new stake in Teck Resources during the 2nd quarter worth about $32,000. CWM LLC bought a new position in shares of Teck Resources in the 2nd quarter valued at approximately $66,000. Quadrant Capital Group LLC raised its stake in shares of Teck Resources by 35.4% in the 1st quarter. Quadrant Capital Group LLC now owns 7,388 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 1,931 shares in the last quarter. Signaturefd LLC raised its stake in shares of Teck Resources by 13.6% in the 2nd quarter. Signaturefd LLC now owns 10,559 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. bought a new position in shares of Teck Resources in the 1st quarter valued at approximately $252,000. Hedge funds and other institutional investors own 53.53% of the company’s stock.

TECK stock traded up $0.02 during trading on Wednesday, hitting $16.52. The company had a trading volume of 24,182 shares, compared to its average volume of 3,187,295. The company has a fifty day moving average price of $20.03 and a two-hundred day moving average price of $21.87. The company has a current ratio of 2.47, a quick ratio of 1.58 and a debt-to-equity ratio of 0.20. The company has a market cap of $9.18 billion, a P/E ratio of 5.26 and a beta of 1.38. Teck Resources Ltd has a fifty-two week low of $16.39 and a fifty-two week high of $25.82.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.04). Teck Resources had a net margin of 20.37% and a return on equity of 8.49%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm earned $1.12 EPS. On average, analysts expect that Teck Resources Ltd will post 2.83 earnings per share for the current year.

A number of research analysts recently weighed in on TECK shares. B. Riley reissued a “buy” rating on shares of Teck Resources in a research note on Friday, July 12th. Zacks Investment Research lowered Teck Resources from a “buy” rating to a “hold” rating in a report on Saturday, July 13th. MKM Partners reaffirmed a “buy” rating and issued a $28.00 target price (up previously from $26.00) on shares of Teck Resources in a report on Wednesday, April 24th. ValuEngine lowered Teck Resources from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Macquarie initiated coverage on Teck Resources in a report on Wednesday, July 10th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $29.33.

Teck Resources Company Profile

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