9,846 Shares in Teck Resources Ltd $TECK Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors bought a new position in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,846 shares of the basic materials company’s stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TECK. Versant Capital Management Inc bought a new position in Teck Resources in the third quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Teck Resources in the 2nd quarter valued at $49,000. Tobam bought a new stake in shares of Teck Resources in the second quarter worth about $62,000. CWM LLC raised its holdings in Teck Resources by 22.7% during the 3rd quarter. CWM LLC now owns 2,078 shares of the basic materials company’s stock worth $91,000 after buying an additional 384 shares during the period. Finally, Allworth Financial LP raised its holdings in shares of Teck Resources by 38.7% during the second quarter. Allworth Financial LP now owns 3,263 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 910 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TECK. Natl Bk Canada cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Canaccord Genuity Group downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of Teck Resources in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Teck Resources in a research report on Wednesday, January 21st. Finally, UBS Group reissued a “buy” rating on shares of Teck Resources in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Teck Resources has a consensus rating of “Hold” and an average target price of $53.33.

Teck Resources Stock Up 3.1%

Shares of NYSE:TECK opened at $56.45 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.78. Teck Resources Ltd has a 52-week low of $28.32 and a 52-week high of $56.46. The company has a market capitalization of $27.14 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The company has a fifty day moving average of $46.75 and a 200-day moving average of $41.36.

Teck Resources 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.