J. Safra Sarasin Holding AG Has $2.12 Million Stake in Teck Resources Ltd $TECK

J. Safra Sarasin Holding AG increased its position in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) by 58.4% during the third quarter, Holdings Channel.com reports. The firm owned 48,331 shares of the basic materials company’s stock after buying an additional 17,814 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Teck Resources were worth $2,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Union Bancaire Privee UBP SA lifted its stake in shares of Teck Resources by 4.3% in the second quarter. Union Bancaire Privee UBP SA now owns 6,402 shares of the basic materials company’s stock valued at $259,000 after buying an additional 264 shares in the last quarter. ASR Vermogensbeheer N.V. raised its holdings in shares of Teck Resources by 1.6% in the 3rd quarter. ASR Vermogensbeheer N.V. now owns 16,721 shares of the basic materials company’s stock worth $734,000 after acquiring an additional 270 shares during the last quarter. Stephens Inc. AR lifted its position in Teck Resources by 4.8% in the 2nd quarter. Stephens Inc. AR now owns 7,189 shares of the basic materials company’s stock valued at $290,000 after acquiring an additional 329 shares in the last quarter. CWM LLC boosted its stake in Teck Resources by 22.7% during the 3rd quarter. CWM LLC now owns 2,078 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 384 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Teck Resources by 2.1% during the 2nd quarter. Assetmark Inc. now owns 20,360 shares of the basic materials company’s stock worth $822,000 after purchasing an additional 415 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.

Teck Resources Price Performance

Shares of NYSE:TECK opened at $56.45 on Wednesday. The company has a market capitalization of $27.14 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The company’s 50-day moving average is $46.75 and its 200 day moving average is $41.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.78. Teck Resources Ltd has a fifty-two week low of $28.32 and a fifty-two week high of $56.46.

Analyst Ratings Changes

Several brokerages recently issued reports on TECK. Natl Bk Canada cut Teck Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. UBS Group reaffirmed a “buy” rating on shares of Teck Resources in a report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Teck Resources in a report on Wednesday, January 21st. Citigroup reissued a “neutral” rating on shares of Teck Resources in a research report on Thursday, January 15th. Finally, TD Securities downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, Teck Resources presently has a consensus rating of “Hold” and a consensus target price of $53.33.

Teck Resources Company Profile

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.