Teck Resources Ltd $TECK Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. lifted its holdings in shares of Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 37.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 166,334 shares of the basic materials company’s stock after purchasing an additional 45,194 shares during the quarter. Alps Advisors Inc.’s holdings in Teck Resources were worth $7,300,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC increased its stake in Teck Resources by 11.1% during the 1st quarter. AQR Capital Management LLC now owns 34,705 shares of the basic materials company’s stock worth $1,264,000 after buying an additional 3,458 shares during the period. Jones Financial Companies Lllp increased its position in shares of Teck Resources by 453.0% during the first quarter. Jones Financial Companies Lllp now owns 9,721 shares of the basic materials company’s stock worth $354,000 after acquiring an additional 7,963 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Teck Resources by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 465,861 shares of the basic materials company’s stock worth $16,971,000 after acquiring an additional 8,146 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Teck Resources in the second quarter valued at $49,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Teck Resources by 16.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,091 shares of the basic materials company’s stock valued at $1,215,000 after purchasing an additional 4,259 shares during the period. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TECK. UBS Group reaffirmed a “buy” rating on shares of Teck Resources in a research report on Tuesday, January 27th. Veritas raised shares of Teck Resources from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 15th. Raymond James Financial downgraded Teck Resources from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of Teck Resources from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, TD Securities downgraded Teck Resources from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.33.

Teck Resources Stock Performance

Shares of TECK opened at $54.99 on Monday. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.15. Teck Resources Ltd has a 52-week low of $28.32 and a 52-week high of $60.71. The company has a 50-day simple moving average of $49.11 and a 200-day simple moving average of $42.36. The company has a market capitalization of $26.44 billion, a PE ratio of 30.89, a P/E/G ratio of 0.55 and a beta of 0.80.

About Teck Resources

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.