NumerixS Investment Technologies Inc Sells 4,176 Shares of Teck Resources Ltd (NYSE:TECK)
NumerixS Investment Technologies Inc cut its stake in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 30.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,500 shares of the basic materials company’s stock after selling 4,176 shares during the period. NumerixS Investment Technologies Inc’s holdings in Teck Resources were worth $219,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in TECK. CIBC Asset Management Inc lifted its stake in Teck Resources by 1.6% in the second quarter. CIBC Asset Management Inc now owns 7,966,013 shares of the basic materials company’s stock valued at $183,825,000 after buying an additional 127,161 shares during the period. Great West Life Assurance Co. Can lifted its stake in Teck Resources by 10.9% in the first quarter. Great West Life Assurance Co. Can now owns 4,649,511 shares of the basic materials company’s stock valued at $107,162,000 after buying an additional 455,165 shares during the period. BlackRock Inc. lifted its stake in Teck Resources by 28.8% in the second quarter. BlackRock Inc. now owns 4,549,382 shares of the basic materials company’s stock valued at $104,909,000 after buying an additional 1,016,448 shares during the period. JPMorgan Chase & Co. lifted its stake in Teck Resources by 207.9% in the second quarter. JPMorgan Chase & Co. now owns 3,354,771 shares of the basic materials company’s stock valued at $76,555,000 after buying an additional 2,265,350 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Teck Resources by 30.9% during the second quarter. Renaissance Technologies LLC now owns 3,019,800 shares of the basic materials company’s stock worth $69,639,000 after purchasing an additional 712,400 shares during the period. Institutional investors and hedge funds own 53.67% of the company’s stock.
TECK has been the topic of a number of research reports. B. Riley reaffirmed a “buy” rating on shares of Teck Resources in a research report on Thursday, August 22nd. ValuEngine raised Teck Resources from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 5th. Zacks Investment Research lowered Teck Resources from a “buy” rating to a “hold” rating in a research report on Saturday, July 13th. Macquarie began coverage on Teck Resources in a research report on Wednesday, July 10th. They issued a “neutral” rating for the company. Finally, TD Securities lowered Teck Resources to a “buy” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $29.33.
Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.24 billion. Teck Resources had a net margin of 20.37% and a return on equity of 8.49%. During the same quarter last year, the company earned $1.12 EPS. Equities research analysts forecast that Teck Resources Ltd will post 2.75 earnings per share for the current fiscal year.
The firm also recently disclosed a — dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.0376 dividend. The ex-dividend date is Thursday, September 12th. This represents a yield of 0.9%. Teck Resources’s dividend payout ratio (DPR) is presently 4.78%.
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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