Entropy Technologies LP Purchases Shares of 7,094 Teck Resources Limited (NYSE:TECK)

Entropy Technologies LP purchased a new stake in Teck Resources Limited (NYSE:TECK) (TSE:TECK) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 7,094 shares of the basic materials company’s stock, valued at approximately $288,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its stake in Teck Resources by 7.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,897 shares of the basic materials company’s stock valued at $198,000 after buying an additional 327 shares during the period. OLD National Bancorp IN lifted its stake in Teck Resources by 7.4% in the fourth quarter. OLD National Bancorp IN now owns 4,955 shares of the basic materials company’s stock valued at $201,000 after buying an additional 341 shares during the period. Park Avenue Securities LLC lifted its stake in Teck Resources by 5.7% in the fourth quarter. Park Avenue Securities LLC now owns 8,960 shares of the basic materials company’s stock valued at $363,000 after buying an additional 486 shares during the period. Fulton Bank N.A. lifted its stake in Teck Resources by 6.5% in the fourth quarter. Fulton Bank N.A. now owns 8,218 shares of the basic materials company’s stock valued at $333,000 after buying an additional 499 shares during the period. Finally, Bourgeon Capital Management LLC lifted its stake in Teck Resources by 7.7% in the fourth quarter. Bourgeon Capital Management LLC now owns 7,000 shares of the basic materials company’s stock valued at $284,000 after buying an additional 500 shares during the period. 78.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com raised Teck Resources from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on Teck Resources from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. National Bank Financial lowered Teck Resources from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, December 10th. UBS Group lowered Teck Resources from a “buy” rating to a “neutral” rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft lowered Teck Resources from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.38.

Teck Resources Trading Up 2.1 %

Shares of Teck Resources stock opened at $43.85 on Friday. The stock has a fifty day simple moving average of $42.30 and a 200 day simple moving average of $45.90. Teck Resources Limited has a 12-month low of $36.93 and a 12-month high of $55.13. The company has a market capitalization of $21.87 billion, a P/E ratio of 66.43 and a beta of 1.02. The company has a current ratio of 2.92, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16.

Teck Resources Company 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.