On April 17, 2023 at 15:34:14 ET an unusually large $1,011.32K block of Call contracts in Teck Resources (TECK) was sold, with a strike price of $47.00 / share, expiring in 32 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 10.65 sigmas above the mean, placing it in the 100.00th 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.
What is the Fund Sentiment?
There are 662 funds or institutions reporting positions in Teck Resources. This is an increase of 23 owner(s) or 3.60% in the last quarter. Average portfolio weight of all funds dedicated to TECK is 0.67%, an increase of 24.85%. Total shares owned by institutions increased in the last three months by 4.58% to 357,603K shares. The put/call ratio of TECK is 0.60, indicating a bullish outlook.
Analyst Price Forecast Suggests 49.53% 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 49.53% from its latest reported closing price of $45.22.
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 are Other Shareholders Doing?
Larson Financial Group holds 0K shares representing 0.00% ownership of the company. No change in the last quarter.
QCSTRX – Stock Account Class R1 holds 43K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 701K shares, representing a decrease of 1,543.37%. The firm decreased its portfolio allocation in TECK by 93.91% over the last quarter.
TLTD – FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund holds 10K shares representing 0.00% ownership of the company. No change in the last quarter.
Cibc World Markets holds 13K shares representing 0.00% ownership of the company.
Cary Street Partner Investment Advisory holds 0K shares representing 0.00% ownership of the company.
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.
See all Teck Resources regulatory filings.
This article originally appeared on Fintel
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