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Teck Resources Ltd (TECK) Stock Rating Reaffirmed by MKM Partners

Teck Resources Ltd
The 18565 Shares in Teck Resources Ltd (NYSE:TECK) Acquired by Bowen Hanes & Co. Inc.
Author

26 August, 2017

The hedge fund run by Robert B. Gillam held 3.03 million shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2016Q4, valued at $81.29M, up from 2.00 million at the end of the previous reported quarter. The company has market cap of $76.74 million. The stock increased 0.82% or $0.31 during the last trading session, reaching $37.99. About 59,995 shares traded. Lakeland Financial Corporation (NASDAQ:LKFN) has risen 35.39% since August 26, 2016 and is uptrending. It has outperformed by 18.69% the S&P500. Finally, CIBC Asset Management Inc bought a new stake in Teck Resources during the second quarter valued at approximately $144,018,000. Clarkson Capital reissued a buy rating on shares of Teck Resources in a research note on Friday, May 19th. Its down 32.61% from 9,200 shares previously. Teck Resources Ltd now has $14.14 billion valuation. About 3.09 million shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since August 25, 2016 and is downtrending. It has underperformed by 16.70% the S&P500.

Among 6 analysts covering Lakeland Financial (NASDAQ:LKFN), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Lakeland Financial had 7 analyst reports since July 28, 2015 according to SRatingsIntel. The company was maintained on Tuesday, August 9 by Wood. Royal Bank Of Canada reiterated an "outperform" rating and set a $38.00 price target (down from $39.00) on shares of Teck Resources in a report on Friday, June 16th. The firm has "Neutral" rating given on Thursday, July 13 by Bank of America. The firm earned "Underweight" rating on Thursday, January 14 by Barclays Capital. The firm has "Equal-Weight" rating given on Monday, June 13 by Stephens.

More notable recent Teck Resources Ltd (USA) (NYSE:TECK) news were published by: Fool.ca which released: "Will Teck Resources Ltd. Experience Another Epic Rally?" on August 04, 2017, also Fool.ca with their article: "Teck Resources Ltd.: Look Out Below?" published on May 05, 2017, Fool.ca published: "Teck Resources Ltd.: Is a New Rally Underway?" on July 10, 2017. Down 18% in 1 Week: "Now What?" on June 19, 2017. It also reduced Ross Stores Incorporate Common Stock Usd0.01 (NASDAQ:ROST) stake by 209,499 shares and now owns 319,576 shares.

Since May 1, 2017, it had 0 insider buys, and 3 sales for $270,704 activity. Aqr Capital Mgmt Lc accumulated 65,438 shares. Deutsche Bank has "Hold" rating and $43 target.

Mckinley Capital Management Inc, which manages about $8.13 billion and $2.54B US Long portfolio, decreased its stake in Controladora Vuela Cia De Avia (NYSE:VLRS) by 388,923 shares to 67,265 shares, valued at $1.01 million in 2016Q4, according to the filing. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-two have given a buy rating to the stock. Therefore 47% are positive. Zacks Investment Research downgraded shares of Teck Resources from a "hold" rating to a "sell" rating in a research note on Tuesday, August 1st. The stock of Teck Resources Ltd (USA) (NYSE:TECK) earned "Buy" rating by Deutsche Bank on Friday, October 7. The firm has "Hold" rating given on Wednesday, November 30 by Berenberg. The firm has "Buy" rating by Goldman Sachs given on Tuesday, November 15. On Tuesday, April 19 the stock rating was maintained by JP Morgan with "Neutral".

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