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TD Asset Administration Inc. lessened its holdings in Teck Sources Restricted (NYSE:TECK – Get Score) (TSE:TECK) by 1.1% through the third quarter, in accordance with the corporate in its most up-to-date disclosure with the SEC. The agency owned 3,650,763 shares of the essential supplies firm’s inventory after promoting 40,621 shares through the quarter. TD Asset Administration Inc. owned about 0.72% of Teck Sources value $111,696,000 on the finish of the newest quarter.
Quite a few different hedge funds and different institutional buyers have additionally purchased and bought shares of TECK. Vanguard Group Inc. lifted its stake in shares of Teck Sources by 2.2% within the first quarter. Vanguard Group Inc. now owns 14,801,956 shares of the essential supplies firm’s inventory value $597,851,000 after shopping for an extra 318,294 shares within the final quarter. Egerton Capital UK LLP lifted its stake in shares of Teck Sources by 274.3% within the second quarter. Egerton Capital UK LLP now owns 10,301,465 shares of the essential supplies firm’s inventory value $314,916,000 after shopping for an extra 7,549,057 shares within the final quarter. FMR LLC lifted its stake in shares of Teck Sources by 594.7% within the second quarter. FMR LLC now owns 9,630,011 shares of the essential supplies firm’s inventory value $294,466,000 after shopping for an extra 8,243,806 shares within the final quarter. Financial institution of Nova Scotia lifted its stake in shares of Teck Sources by 1.0% within the second quarter. Financial institution of Nova Scotia now owns 4,115,694 shares of the essential supplies firm’s inventory value $125,839,000 after shopping for an extra 41,287 shares within the final quarter. Lastly, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Teck Sources by 100.0% within the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,800,618 shares of the essential supplies firm’s inventory value $116,058,000 after shopping for an extra 1,900,718 shares within the final quarter. Hedge funds and different institutional buyers personal 56.15% of the corporate’s inventory.
Teck Sources Inventory Down 0.7 %
TECK opened at $41.34 on Friday. The agency’s 50 day easy shifting common is $38.16 and its two-hundred day easy shifting common is $34.10. The corporate has a present ratio of 1.65, a fast ratio of 1.08 and a debt-to-equity ratio of 0.26. The corporate has a market capitalization of $20.92 billion, a PE ratio of 6.29, a PEG ratio of 1.63 and a beta of 1.07. Teck Sources Restricted has a 1-year low of $24.72 and a 1-year excessive of $45.90.
Teck Sources (NYSE:TECK – Get Score) (TSE:TECK) final introduced its quarterly earnings knowledge on Thursday, October twenty seventh. The essential supplies firm reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The agency had income of $3.58 billion through the quarter, in comparison with analysts’ expectations of $3.36 billion. Teck Sources had a web margin of twenty-two.99% and a return on fairness of twenty-two.53%. As a bunch, equities analysts forecast that Teck Sources Restricted will put up 6.86 EPS for the present 12 months.
Teck Sources Cuts Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Friday, December thirtieth. Stockholders of document on Thursday, December fifteenth had been paid a $0.0939 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.38 dividend on an annualized foundation and a dividend yield of 0.91%. Teck Sources’s dividend payout ratio (DPR) is presently 5.63%.
Wall Road Analysts Forecast Progress
A number of brokerages have just lately issued studies on TECK. Citigroup upped their goal worth on shares of Teck Sources from C$45.00 to C$55.00 in a analysis word on Wednesday, January eleventh. BMO Capital Markets downgraded shares of Teck Sources from an “outperform” score to a “market carry out” score and lowered their worth goal for the corporate from $49.00 to $46.00 in a analysis report on Friday, October twenty eighth. Benchmark elevated their worth goal on shares of Teck Sources from $40.00 to $46.00 and gave the corporate a “purchase” score in a analysis report on Friday, January thirteenth. B. Riley downgraded shares of Teck Sources from a “purchase” score to a “impartial” score in a analysis report on Tuesday, January seventeenth. Lastly, TD Securities downgraded shares of Teck Sources to a “purchase” score in a analysis report on Friday, October twenty eighth. Six equities analysis analysts have rated the inventory with a maintain score and eight have issued a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, Teck Sources presently has a mean score of “Reasonable Purchase” and a consensus worth goal of $52.00.
Teck Sources Firm Profile
(Get Score)
Teck Sources Restricted engages in exploring for, buying, growing, and producing pure sources in Asia, Europe, and North America. It operates by way of Steelmaking Coal, Copper, Zinc, and Power segments. The corporate’s principal merchandise embody copper, zinc, steelmaking coal, and blended bitumen.
Featured Tales
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This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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