Teck Resources Limited (NYSE:TECK) Position Boosted by Savant Capital LLC

Savant Capital LLC boosted its holdings in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 32.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,415 shares of the basic materials company’s stock after acquiring an additional 2,301 shares during the period. Savant Capital LLC’s holdings in Teck Resources were worth $382,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Exchange Traded Concepts LLC boosted its stake in Teck Resources by 7.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,897 shares of the basic materials company’s stock worth $198,000 after purchasing an additional 327 shares during the period. OLD National Bancorp IN increased its holdings in shares of Teck Resources by 7.4% during the 4th quarter. OLD National Bancorp IN now owns 4,955 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 341 shares during the period. Park Avenue Securities LLC increased its stake in Teck Resources by 5.7% in the fourth quarter. Park Avenue Securities LLC now owns 8,960 shares of the basic materials company’s stock valued at $363,000 after acquiring an additional 486 shares during the period. Fulton Bank N.A. boosted its position in Teck Resources by 6.5% in the fourth quarter. Fulton Bank N.A. now owns 8,218 shares of the basic materials company’s stock valued at $333,000 after buying an additional 499 shares in the last quarter. Finally, Bourgeon Capital Management LLC boosted its position in Teck Resources by 7.7% in the fourth quarter. Bourgeon Capital Management LLC now owns 7,000 shares of the basic materials company’s stock valued at $284,000 after buying an additional 500 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.

Teck Resources Stock Down 1.7 %

Shares of NYSE TECK opened at $43.12 on Tuesday. The company has a market cap of $21.51 billion, a price-to-earnings ratio of 65.34 and a beta of 1.02. The firm’s fifty day moving average is $42.16 and its 200 day moving average is $45.79. Teck Resources Limited has a 52 week low of $37.30 and a 52 week high of $55.13. The company has a quick ratio of 2.35, a current ratio of 2.92 and a debt-to-equity ratio of 0.16.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TECK. JPMorgan Chase & Co. dropped their price target on shares of Teck Resources from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. StockNews.com upgraded shares of Teck Resources from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. UBS Group downgraded shares of Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a report on Friday, October 25th. Finally, National Bank Financial cut shares of Teck Resources from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Teck Resources presently has an average rating of “Moderate Buy” and a consensus target price of $65.38.

About Teck Resources

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.