41,000 Shares in Teck Resources Ltd (TECK) Acquired by Paradigm Financial Advisors LLC

Paradigm Financial Advisors LLC bought a new position in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,000 shares of the basic materials company’s stock, valued at approximately $711,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in TECK. Capital Analysts LLC acquired a new position in shares of Teck Resources in the second quarter worth about $100,000. Winslow Evans & Crocker Inc. acquired a new position in shares of Teck Resources in the second quarter worth about $108,000. Financial Architects Inc acquired a new position in shares of Teck Resources in the second quarter worth about $123,000. PNC Financial Services Group Inc. acquired a new position in shares of Teck Resources in the second quarter worth about $124,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Teck Resources in the second quarter worth about $164,000. Institutional investors own 46.80% of the company’s stock.

Several research analysts have commented on the stock. BidaskClub cut shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a report on Friday, September 15th. ValuEngine cut shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Teck Resources from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Deutsche Bank AG reiterated a “buy” rating and issued a $26.00 target price (up from $24.00) on shares of Teck Resources in a report on Monday, September 25th. Finally, MKM Partners reiterated a “buy” rating and issued a $30.00 target price on shares of Teck Resources in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $31.18.

Shares of Teck Resources Ltd (NYSE:TECK) traded up 0.35% during trading on Friday, reaching $22.93. 4,621,947 shares of the company traded hands. The stock’s 50 day moving average price is $22.73 and its 200-day moving average price is $20.64. Teck Resources Ltd has a 12 month low of $14.56 and a 12 month high of $33.76. The stock has a market cap of $13.08 billion, a P/E ratio of 17.32 and a beta of 1.20.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Teck Resources had a return on equity of 13.01% and a net margin of 17.93%. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.75 billion. The company’s revenue for the quarter was up 62.0% on a year-over-year basis. On average, equities research analysts expect that Teck Resources Ltd will post $3.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.0399 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, September 14th. Teck Resources’s dividend payout ratio (DPR) is currently 3.01%.

COPYRIGHT VIOLATION NOTICE: “41,000 Shares in Teck Resources Ltd (TECK) Acquired by Paradigm Financial Advisors LLC” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/15/41000-shares-in-teck-resources-ltd-teck-acquired-by-paradigm-financial-advisors-llc.html.

Teck Resources Company Profile

Teck Resources Ltd is engaged i

Several other institutional investors and hedge funds have also recently made changes to their positions in TECK. Capital Analysts LLC acquired a new position in shares of Teck Resources in the second quarter worth about $100,000. Winslow Evans & Crocker Inc. acquired a new position in shares of Teck Resources in the second quarter worth about $108,000. Financial Architects Inc acquired a new position in shares of Teck Resources in the second quarter worth about $123,000. PNC Financial Services Group Inc. acquired a new position in shares of Teck Resources in the second quarter worth about $124,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Teck Resources in the second quarter worth about $164,000. Institutional investors own 46.80% of the company’s stock.

Several research analysts have commented on the stock. BidaskClub cut shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a report on Friday, September 15th. ValuEngine cut shares of Teck Resources from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research cut shares of Teck Resources from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Deutsche Bank AG reiterated a “buy” rating and issued a $26.00 target price (up from $24.00) on shares of Teck Resources in a report on Monday, September 25th. Finally, MKM Partners reiterated a “buy” rating and issued a $30.00 target price on shares of Teck Resources in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $31.18.

Shares of Teck Resources Ltd (NYSE:TECK) traded up 0.35% during trading on Friday, reaching $22.93. 4,621,947 shares of the company traded hands. The stock’s 50 day moving average price is $22.73 and its 200-day moving average price is $20.64. Teck Resources Ltd has a 12 month low of $14.56 and a 12 month high of $33.76. The stock has a market cap of $13.08 billion, a P/E ratio of 17.32 and a beta of 1.20.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. Teck Resources had a return on equity of 13.01% and a net margin of 17.93%. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.75 billion. The company’s revenue for the quarter was up 62.0% on a year-over-year basis. On average, equities research analysts expect that Teck Resources Ltd will post $3.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.0399 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, September 14th. Teck Resources’s dividend payout ratio (DPR) is currently 3.01%.

COPYRIGHT VIOLATION NOTICE: “41,000 Shares in Teck Resources Ltd (TECK) Acquired by Paradigm Financial Advisors LLC” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/15/41000-shares-in-teck-resources-ltd-teck-acquired-by-paradigm-financial-advisors-llc.html.

Teck Resources Company Profile

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.

Institutional Ownership by Quarter for Teck Resources (NYSE:TECK)

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