4 hours Ago By ABMN Staff
Shares of Teck Resources Limited ( NYSE:TECK – Get Free Report ) (TSE:TECK) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company.
The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $65.38. A number of brokerages recently weighed in on TECK.
National Bank Financial downgraded shares of Teck Resources from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, December 10th. StockNews.com upgraded Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th.
Scotiabank raised their price target on Teck Resources from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a report on Tuesday, October 8th.
UBS Group downgraded Teck Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, Raymond James cut their target price on Teck Resources from $75.00 to $70.
00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. View Our Latest Stock Report on TECK Teck Resources Price Performance Teck Resources Cuts Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.
0895 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.
36 dividend on an annualized basis and a dividend yield of 0.88%. Teck Resources’s dividend payout ratio is currently 53.
03%. Institutional Inflows and Outflows A number of hedge funds have recently made changes to their positions in TECK. Stonebridge Financial Group LLC bought a new stake in Teck Resources during the 4th quarter valued at approximately $25,000.
Global Trust Asset Management LLC acquired a new position in shares of Teck Resources during the fourth quarter valued at about $27,000. Eastern Bank acquired a new stake in Teck Resources during the third quarter worth about $39,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Teck Resources in the 3rd quarter worth approximately $40,000.
Finally, Bruce G. Allen Investments LLC grew its holdings in shares of Teck Resources by 77.4% during the 3rd quarter.
Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 383 shares in the last quarter. Institutional investors and hedge funds own 78.
06% of the company’s stock. About Teck Resources ( Get Free Report 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. Featured Stories Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter .
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