Teck Resources Limited (NYSE:TECK) Shares Sold by Quent Capital LLC

Quent Capital LLC decreased its holdings in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,000 shares of the basic materials company’s stock after selling 607 shares during the quarter. Quent Capital LLC’s holdings in Teck Resources were worth $81,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new position in Teck Resources in the fourth quarter worth approximately $25,000. Global Trust Asset Management LLC acquired a new position in Teck Resources in the fourth quarter worth approximately $27,000. Eastern Bank acquired a new position in Teck Resources in the third quarter worth approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in Teck Resources in the third quarter worth approximately $40,000. Finally, R Squared Ltd acquired a new position in Teck Resources in the fourth quarter worth approximately $117,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

Analyst Ratings Changes

TECK has been the topic of several recent research reports. UBS Group lowered shares of Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. National Bank Financial cut shares of Teck Resources from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft cut shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Teck Resources from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $65.38.

Teck Resources Trading Up 1.6 %

Teck Resources stock opened at $42.98 on Thursday. The company’s fifty day simple moving average is $42.30 and its 200-day simple moving average is $45.90. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16. Teck Resources Limited has a 12 month low of $36.50 and a 12 month high of $55.13. The stock has a market cap of $21.44 billion, a P/E ratio of 65.12 and a beta of 1.02.

Teck Resources Cuts Dividend

The business 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. This represents a $0.36 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Teck Resources’s dividend payout ratio is currently 53.03%.

Teck Resources Profile

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.