Kapitalo Investimentos Ltda acquired a significant stake in Teck Resources, boosting the company's stock.

Investment firm Kapitalo Investimentos Ltda bought $22.28 million worth of Teck Resources Ltd shares, making it their 7th largest holding. Teck Resources, a basic materials company, recently reported earnings per share of $0.27, beating estimates by $0.07. Nikko Asset Management Americas Inc. also increased its stake in Teck Resources by 1.0%. Teck Resources has a market cap of $15.94 billion and a P/E ratio of 86.83.