Teck Resources Limited (NYSE:TECK) Shares Bought by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. increased its holdings in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 22.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,200 shares of the basic materials company’s stock after buying an additional 6,200 shares during the quarter. Teck Resources comprises approximately 1.4% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 24th largest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Teck Resources were worth $1,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Hexagon Capital Partners LLC grew its stake in shares of Teck Resources by 143.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 656 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 386 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Teck Resources during the 2nd quarter worth approximately $38,000. Eastern Bank acquired a new stake in shares of Teck Resources during the 3rd quarter worth approximately $39,000. Bruce G. Allen Investments LLC grew its stake in shares of Teck Resources by 77.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 383 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Teck Resources by 583.1% during the 2nd quarter. Blue Trust Inc. now owns 1,052 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 898 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TECK shares. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Teck Resources in a research note on Thursday, July 25th. Paradigm Capital upgraded Teck Resources to a “moderate buy” rating in a report on Friday, July 26th. Scotiabank raised their price objective on Teck Resources from $78.00 to $79.00 and gave the company a “sector outperform” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their price objective on Teck Resources from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Citigroup upgraded Teck Resources to a “hold” rating in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.29.

Teck Resources Stock Up 1.2 %

Shares of NYSE:TECK opened at $47.35 on Monday. The business has a 50-day moving average price of $48.73 and a 200 day moving average price of $48.72. The company has a current ratio of 1.48, a quick ratio of 0.77 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $23.97 billion, a price-to-earnings ratio of 71.74 and a beta of 1.02. Teck Resources Limited has a 12-month low of $34.38 and a 12-month high of $55.13.

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.