Cetera Funding Advisers grew its place in shares of Teck Sources Restricted (NYSE:TECK – Free Report) (TSE:TECK) by 3.0% in the course of the second quarter, in response to the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The fund owned 38,099 shares of the essential supplies firm’s inventory after shopping for a further 1,127 shares in the course of the interval. Cetera Funding Advisers’ holdings in Teck Sources had been price $1,825,000 as of its most up-to-date SEC submitting.
Different hedge funds additionally just lately made adjustments to their positions within the firm. First Hawaiian Financial institution raised its stake in Teck Sources by 6.0% in the course of the first quarter. First Hawaiian Financial institution now owns 5,552 shares of the essential supplies firm’s inventory price $254,000 after buying a further 313 shares in the course of the interval. Cigna Investments Inc. New lifted its holdings in shares of Teck Sources by 3.8% within the 2nd quarter. Cigna Investments Inc. New now owns 8,762 shares of the essential supplies firm’s inventory price $420,000 after buying a further 317 shares over the last quarter. Candriam S.C.A. lifted its holdings in shares of Teck Sources by 4.0% within the 2nd quarter. Candriam S.C.A. now owns 8,897 shares of the essential supplies firm’s inventory price $426,000 after buying a further 343 shares over the last quarter. Daymark Wealth Companions LLC boosted its place in Teck Sources by 4.2% in the course of the 2nd quarter. Daymark Wealth Companions LLC now owns 8,532 shares of the essential supplies firm’s inventory valued at $409,000 after buying a further 347 shares in the course of the interval. Lastly, Evergreen Capital Administration LLC grew its stake in Teck Sources by 7.8% in the course of the 2nd quarter. Evergreen Capital Administration LLC now owns 5,064 shares of the essential supplies firm’s inventory price $243,000 after shopping for a further 365 shares over the last quarter. Institutional traders and hedge funds personal 78.06% of the corporate’s inventory.
Wall Avenue Analysts Forecast Progress
A number of equities analysts have just lately issued experiences on the inventory. TD Securities raised shares of Teck Sources to a “strong-buy” score in a report on Tuesday, July sixteenth. Scotiabank upped their goal value on shares of Teck Sources from $78.00 to $79.00 and gave the inventory a “sector outperform” score in a analysis report on Tuesday, October eighth. Benchmark reaffirmed a “purchase” score and set a $55.00 value goal on shares of Teck Sources in a report on Thursday, July twenty fifth. UBS Group upgraded Teck Sources from a “impartial” score to a “purchase” score and raised their goal value for the corporate from $76.00 to $78.00 in a analysis report on Wednesday, September 4th. Lastly, BMO Capital Markets started protection on Teck Sources in a analysis report on Monday, July fifteenth. They set an “outperform” score for the corporate. Three equities analysis analysts have rated the inventory with a maintain score, eight have assigned a purchase score and one has given a powerful purchase score to the inventory. Based mostly on knowledge from MarketBeat, the inventory presently has a consensus score of “Average Purchase” and a median value goal of $67.00.
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Teck Sources Buying and selling Down 0.4 %
Shares of TECK inventory opened at $51.00 on Tuesday. The corporate has a fast ratio of 0.77, a present ratio of 1.48 and a debt-to-equity ratio of 0.19. The inventory has a 50-day easy shifting common of $48.18 and a 200 day easy shifting common of $48.59. Teck Sources Restricted has a fifty-two week low of $34.38 and a fifty-two week excessive of $55.13. The inventory has a market capitalization of $26.05 billion, a P/E ratio of twenty-two.57 and a beta of 1.02.
Teck Sources (NYSE:TECK – Get Free Report) (TSE:TECK) final introduced its quarterly earnings knowledge on Wednesday, July twenty fourth. The essential supplies firm reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.32. Teck Sources had a web margin of 9.40% and a return on fairness of 6.52%. The corporate had income of $3.87 billion for the quarter, in comparison with analysts’ expectations of $2.67 billion. Throughout the identical quarter within the earlier 12 months, the corporate posted $0.91 EPS. The enterprise’s income was up 10.1% in comparison with the identical quarter final 12 months. On common, sell-side analysts anticipate that Teck Sources Restricted will put up 2 earnings per share for the present fiscal 12 months.
Teck Sources Firm Profile
Teck Sources Restricted engages in exploring for, buying, creating, and producing pure assets in Asia, Europe, and North America. The corporate operates via Steelmaking Coal, Copper, Zinc, and Power segments. Its principal merchandise embody copper, zinc, steelmaking coal, and blended bitumen.
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