10 Best Canadian Stocks to Buy According to Billionaires

2. Teck Resources Limited (NYSE:TECK)

Number of Billionaires: 16

Teck Resources Limited (NYSE:TECK) is a leading Canadian mining company specializing in the production of essential metals such as copper and zinc. The company’s operations are strategically aligned to meet the increasing demand for these metals, driven by advancements in technology and infrastructure.

In 2024, Teck Resources Limited (NYSE:TECK) underwent a significant transformation by divesting its steelmaking coal business to focus exclusively on energy transition metals. This strategic shift was marked by the sale of a 77% interest in its coal unit to Glencore for $7.3 billion, positioning Teck as a pure-play copper and zinc producer. The company has just announced an agreement with Bunker Hill Mining Corp. for a $40 million equity investment geared towards improving the North American critical minerals supply chain by acquiring high-quality, cost-competitive zinc and lead concentrate from Idaho’s Silver Valley to cater to Teck’s Trail Operations.

Additionally, Teck Resources Limited (NYSE:TECK) is altering its zinc export strategy in response to the US tariffs, with a focus to shift zinc exports to Asia.

Analysts hold a consensus Strong Buy rating on the stock and their 1-year median price target points to a 25.23% upside from current levels. Teck Resources Limited (NYSE:TECK) currently has an EBITDA of $ 2.64B while Revenue (ttm) is at $6.30 billion. The company’s revenue growth stands at 39.98%, and an expected sales growth of 10.37% for 2026.