7,454 Shares in Teck Resources Ltd $TECK Acquired by One Capital Management LLC

One Capital Management LLC purchased a new position in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,454 shares of the basic materials company’s stock, valued at approximately $357,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TECK. Smartleaf Asset Management LLC lifted its position in Teck Resources by 72.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 836 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 351 shares in the last quarter. SouthState Bank Corp acquired a new position in Teck Resources during the 3rd quarter worth approximately $50,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Teck Resources by 43.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,741 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 524 shares in the last quarter. Tobam lifted its position in Teck Resources by 30.9% during the 3rd quarter. Tobam now owns 2,011 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 475 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Teck Resources by 82.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,217 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 1,004 shares in the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.

Teck Resources Price Performance

TECK stock opened at $67.26 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.83 and a debt-to-equity ratio of 0.13. Teck Resources Ltd has a 52-week low of $30.98 and a 52-week high of $71.25. The stock’s 50 day moving average is $59.48 and its two-hundred day moving average is $53.49. The company has a market capitalization of $32.43 billion, a PE ratio of 24.64, a P/E/G ratio of 4.93 and a beta of 0.89.

Teck Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, June 15th. Teck Resources’s payout ratio is 13.55%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TECK shares. Benchmark lifted their price objective on Teck Resources from $48.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Truist Financial set a $67.00 price objective on Teck Resources in a report on Monday, February 23rd. Scotiabank restated a “sector perform” rating on shares of Teck Resources in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Teck Resources in a report on Friday, May 15th. Finally, Wall Street Zen upgraded Teck Resources to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Teck Resources has a consensus rating of “Hold” and an average price target of $59.17.

Teck Resources Company Profile

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.