Livingston Group Asset Management CO operating as Southport Capital Management Makes New $935,000 Investment in Teck Resources Limited (NYSE:TECK)

Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Teck Resources Limited (NYSE:TECKGet Rating) (TSE:TECK) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 23,158 shares of the basic materials company’s stock, valued at approximately $935,000.

Other large investors have also added to or reduced their stakes in the company. Optimum Investment Advisors bought a new position in shares of Teck Resources during the 1st quarter valued at about $40,000. DeDora Capital Inc. bought a new position in shares of Teck Resources during the 1st quarter valued at about $45,000. Cornerstone Advisory LLC bought a new position in shares of Teck Resources during the 4th quarter valued at about $46,000. Koshinski Asset Management Inc. bought a new position in shares of Teck Resources during the 1st quarter valued at about $70,000. Finally, Ahrens Investment Partners LLC bought a new position in shares of Teck Resources during the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 55.81% of the company’s stock.

Shares of TECK stock traded down $1.75 during trading hours on Tuesday, reaching $28.03. The company had a trading volume of 233,049 shares, compared to its average volume of 5,752,255. Teck Resources Limited has a 12 month low of $19.32 and a 12 month high of $45.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.92 and a quick ratio of 1.34. The business has a fifty day simple moving average of $38.69 and a 200-day simple moving average of $36.87. The company has a market cap of $14.89 billion, a price-to-earnings ratio of 4.94, a price-to-earnings-growth ratio of 0.10 and a beta of 1.25.

Teck Resources (NYSE:TECKGet Rating) (TSE:TECK) last posted its earnings results on Wednesday, April 27th. The basic materials company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.01 billion. Teck Resources had a return on equity of 18.76% and a net margin of 25.82%. The company’s revenue for the quarter was up 97.6% on a year-over-year basis. During the same quarter last year, the company earned $0.48 earnings per share. On average, equities research analysts expect that Teck Resources Limited will post 7.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a $0.10 dividend. This is an increase from Teck Resources’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, June 14th. Teck Resources’s dividend payout ratio (DPR) is currently 6.63%.

Several equities analysts have recently weighed in on the company. National Bank Financial lifted their price objective on Teck Resources from C$60.00 to C$65.00 in a report on Tuesday, April 19th. Morgan Stanley reissued an “equal weight” rating on shares of Teck Resources in a research report on Thursday, June 23rd. TheStreet raised Teck Resources from a “c+” rating to a “b-” rating in a research report on Friday, May 27th. B. Riley boosted their price target on Teck Resources from C$57.00 to C$58.00 in a research report on Thursday, April 28th. Finally, Clarkson Capital reissued a “neutral” rating on shares of Teck Resources in a report on Tuesday, June 14th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.15.

Teck Resources Company Profile (Get Rating)

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company's principal products include steelmaking coal; copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates; chemicals, fertilizers, and other metals.

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

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