Hexagon Capital Partners LLC Buys 386 Shares of Teck Resources Limited (NYSE:TECK)

Hexagon Capital Partners LLC lifted its stake in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 143.0% in the 1st quarter, HoldingsChannel reports. The firm owned 656 shares of the basic materials company’s stock after buying an additional 386 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Teck Resources were worth $30,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Creekmur Asset Management LLC purchased a new stake in Teck Resources in the fourth quarter worth about $35,000. Optiver Holding B.V. grew its holdings in shares of Teck Resources by 81.9% during the 4th quarter. Optiver Holding B.V. now owns 973 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 438 shares during the period. First Horizon Advisors Inc. raised its position in shares of Teck Resources by 69.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,162 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 476 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Teck Resources by 187.3% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 974 shares during the period. Finally, Gold Investment Management Ltd. bought a new stake in shares of Teck Resources during the fourth quarter valued at approximately $110,000. Institutional investors own 78.06% of the company’s stock.

Teck Resources Trading Up 0.5 %

Shares of NYSE TECK opened at $48.15 on Tuesday. The company has a market cap of $24.60 billion, a PE ratio of 21.31, a P/E/G ratio of 10.35 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.49. The firm’s 50 day moving average price is $49.76 and its 200-day moving average price is $44.54. Teck Resources Limited has a 52-week low of $34.38 and a 52-week high of $55.13.

Teck Resources (NYSE:TECK) (TSE:TECK) last released its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.31). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. Teck Resources had a net margin of 10.59% and a return on equity of 7.52%. On average, equities research analysts expect that Teck Resources Limited will post 2.24 EPS for the current fiscal year.

Teck Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a $0.0911 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.36 annualized dividend and a yield of 0.76%. Teck Resources’s payout ratio is 15.93%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TECK. JPMorgan Chase & Co. increased their price objective on Teck Resources from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Morgan Stanley upped their target price on shares of Teck Resources from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Finally, Benchmark lifted their price target on shares of Teck Resources from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.57.

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.