U.S. Capital Wealth Advisors LLC Purchases 10,223 Shares of Teck Resources Limited (NYSE:TECK)

U.S. Capital Wealth Advisors LLC increased its position in Teck Resources Limited (NYSE:TECK) (TSE:TECK) by 70.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,784 shares of the basic materials company’s stock after acquiring an additional 10,223 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Teck Resources were worth $1,004,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Global Trust Asset Management LLC bought a new stake in shares of Teck Resources in the fourth quarter worth $27,000. Eastern Bank bought a new stake in Teck Resources during the third quarter valued at about $39,000. Wilmington Savings Fund Society FSB bought a new stake in Teck Resources during the third quarter valued at about $40,000. Bruce G. Allen Investments LLC grew its holdings in Teck Resources by 77.4% during the third quarter. Bruce G. Allen Investments LLC now owns 878 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 383 shares during the period. Finally, R Squared Ltd bought a new stake in Teck Resources during the fourth quarter valued at about $117,000. Institutional investors own 78.06% of the company’s stock.

Teck Resources Price Performance

NYSE:TECK opened at $41.92 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $20.90 billion, a P/E ratio of 63.51 and a beta of 1.02. Teck Resources Limited has a 12 month low of $36.50 and a 12 month high of $55.13. The business’s 50-day moving average is $42.71 and its 200 day moving average is $46.03.

Teck Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.0895 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.85%. Teck Resources’s dividend payout ratio is currently 53.03%.

Analyst Ratings Changes

TECK has been the subject of several recent research reports. National Bank Financial lowered Teck Resources from an “outperform” rating to a “sector perform” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on Teck Resources from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Raymond James cut their price target on Teck Resources from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Scotiabank upped their price objective on Teck Resources from $78.00 to $79.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, October 8th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.