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Teck Resources' stock soars 104.8% as major investors increase stakes, earnings beat forecasts.
RBA Wealth Management and Oppenheimer Asset Management have increased their stakes in Teck Resources, a basic materials company, which saw its stock rise 104.8% in the first quarter.
Teck Resources reported earnings of $0.42 per share, surpassing analyst expectations, and announced a quarterly dividend of $0.0901.
The company, valued at $19.70 billion, operates through Steelmaking Coal, Copper, Zinc, and Energy segments and has received a "Moderate Buy" rating with a price target of $64.63.
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Las acciones de Teck Resources suben un 104,8% a medida que los principales inversores aumentan las apuestas, las ganancias superaron las previsiones.