13,306 Shares in Teck Resources Ltd (TECK) Acquired by Atria Investments LLC

Atria Investments LLC acquired a new stake in Teck Resources Ltd (NYSE:TECK) (TSE:TECK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,306 shares of the basic materials company’s stock, valued at approximately $231,000.

Shares of Teck Resources Ltd (NYSE:TECK) opened at 21.21 on Friday. The firm has a 50-day moving average price of $18.02 and a 200-day moving average price of $20.53. Teck Resources Ltd has a 1-year low of $14.56 and a 1-year high of $26.60. The company has a market cap of $12.25 billion, a P/E ratio of 10.32 and a beta of 1.22.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its earnings results on Thursday, July 27th. The basic materials company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.75 billion. Teck Resources had a net margin of 17.93% and a return on equity of 13.14%. Teck Resources’s quarterly revenue was up 62.0% on a year-over-year basis. On average, equities analysts expect that Teck Resources Ltd will post $3.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.0399 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, September 14th. Teck Resources’s dividend payout ratio (DPR) is 5.64%.

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A number of equities analysts recently commented on TECK shares. Bank of America Corporation upgraded Teck Resources from a “neutral” rating to a “buy” rating in a report on Friday, June 30th. Deutsche Bank AG restated a “buy” rating and set a $23.00 price target (down from $24.00) on shares of Teck Resources in a report on Sunday, June 25th. Clarkson Capital restated a “buy” rating on shares of Teck Resources in a report on Friday, May 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $38.00 price objective (down from $39.00) on shares of Teck Resources in a research report on Friday, June 16th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Teck Resources in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the stock. Teck Resources currently has a consensus rating of “Buy” and an average target price of $27.03.

About Teck Resources

Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.