Strategic Advisors LLC Purchases 11,148 Shares of Teck Resources Limited (NYSE:TECK)

Strategic Advisors LLC grew its position in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 38.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,969 shares of the basic materials company’s stock after purchasing an additional 11,148 shares during the quarter. Strategic Advisors LLC’s holdings in Teck Resources were worth $1,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of TECK. Stonebridge Financial Group LLC bought a new position in shares of Teck Resources in the fourth quarter worth approximately $25,000. Global Trust Asset Management LLC purchased a new position in shares of Teck Resources in the fourth quarter worth $27,000. Eastern Bank purchased a new position in shares of Teck Resources in the third quarter worth $39,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Teck Resources in the third quarter worth $40,000. Finally, Principal Securities Inc. lifted its holdings in shares of Teck Resources by 49.9% in the fourth quarter. Principal Securities Inc. now owns 2,858 shares of the basic materials company’s stock worth $116,000 after buying an additional 952 shares in the last quarter. 78.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TECK shares. Raymond James lowered their target price on shares of Teck Resources from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. National Bank Financial downgraded shares of Teck Resources from an “outperform” rating to a “sector perform” rating in a report on Tuesday, December 10th. UBS Group downgraded shares of Teck Resources from a “buy” rating to a “neutral” rating in a report on Monday, November 11th. StockNews.com raised shares of Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $65.38.

Teck Resources Trading Down 1.7 %

Shares of TECK opened at $43.12 on Monday. Teck Resources Limited has a twelve month low of $37.30 and a twelve month high of $55.13. The company has a market cap of $21.51 billion, a P/E ratio of 65.34 and a beta of 1.02. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $42.23 and its 200-day simple moving average is $45.82.

Teck Resources Company Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.