On April 6, 2023 at 10:06:48 ET an unusually large
$217.50K block of Call contracts in Teck Resources
(TECK) was sold,
with a strike price of $40.00 / share, expiring in 22 days (on April 28, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.09 sigmas above the mean, placing it in the 86.93 percentile of all recent large trades made in TECK options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 60.12% Upside
As of April 6, 2023,
the average one-year price target for Teck Resources is $67.62.
The forecasts range from a low of $57.68 to a high of $75.60.
The average price target represents an increase of 60.12% from its latest reported closing price of $42.23.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Teck Resources
is $16,133MM.
The projected annual non-GAAP EPS
is $6.08.
What is the Fund Sentiment?
There are 666 funds or institutions reporting positions in Teck Resources.
This is an increase
of
25
owner(s) or 3.90% in the last quarter.
Average portfolio weight of all funds dedicated to TECK is 0.65%,
an increase
of 25.65%.
Total shares owned by institutions increased
in the last three months by 4.35% to 356,830K shares.
The put/call ratio of TECK is 0.68, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Dodge & Cox
holds 27,074K shares
representing 5.27% ownership of the company.
In it’s prior filing, the firm reported owning 26,715K shares, representing
an increase
of 1.33%.
The firm
increased
its portfolio allocation in TECK by 14.07% over the last quarter.
Royal Bank Of Canada
holds 19,991K shares
representing 3.89% ownership of the company.
In it’s prior filing, the firm reported owning 19,766K shares, representing
an increase
of 1.12%.
The firm
increased
its portfolio allocation in TECK by 14.58% over the last quarter.
DODFX – Dodge & Cox International Stock Fund
holds 19,441K shares
representing 3.78% ownership of the company.
No change in the last quarter.
Davis Selected Advisers
holds 13,009K shares
representing 2.53% ownership of the company.
In it’s prior filing, the firm reported owning 12,755K shares, representing
an increase
of 1.95%.
The firm
increased
its portfolio allocation in TECK by 21.22% over the last quarter.
Egerton Capital LLP
holds 11,396K shares
representing 2.22% ownership of the company.
In it’s prior filing, the firm reported owning 11,983K shares, representing
a decrease
of 5.15%.
The firm
increased
its portfolio allocation in TECK by 31.07% over the last quarter.
Teck Resources Background Information
(This description is provided by the company.)
Headquartered in Vancouver, Canada, Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, zinc and steelmaking coal, as well as investments in energy assets.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
