Pentwater Capital Management Adds $30M in Teck Resources Limited ($TECK)
Key Points
- Pentwater Capital Management changed its Teck Resources Limited ($TECK) stake by 7.08% last quarter, boosting to 6,960,000 shares worth $455.11 million.
- Wall Street's consensus rating on $TECK is Hold and an average price target of $54.19.
- $TECK last traded around $65.39.
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Pentwater Capital Management increased its position in Teck Resources Limited ($TECK) by 7.08% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,960,000 shares of Teck Resources Limited after buying 460,000 shares during the quarter. Pentwater Capital Management's holdings in Teck Resources Limited were worth $455.11 million as of its most recent filing.
Teck Resources Limited Stock Down 5.7%
Shares of Teck Resources Limited ($TECK) traded around $65.39 on Saturday, down 5.7% for the day.
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About Teck Resources Limited
Teck Resources Limited engages in research, exploration, development, processing, smelting, refining, and reclamation of mineral properties in Asia, the Americas, and Europe. It operates through Copper and Zinc segments. The company offers copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver. It also produces lead, precious metals, molybdenum, fertilizers, and other metals; and sells refined metals or concentrates. In addition, it explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is based in Vancouver, Canada.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.