10 Best Copper Stocks to Buy According to Wall Street Analysts

4. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 66

Upside potential: 54.55%

Teck Resources Limited (NYSE:TECK) is a Canadian mining company focused on copper, zinc, steelmaking coal, and energy. The company has operations in Canada, Chile, and Peru and supports its diverse client base in the infrastructure, renewable energy, and manufacturing sectors. Having earned a position as one of the high-growth copper companies, Teck Resources stands apart from its competitors with its strong base metal portfolio and ESG initiatives. Using its strategic asset positioning and responsible resource development strategy, the company achieves a competitive edge over other players in the market.

After selling its steelmaking coal business, Teck Resources Limited (NYSE:TECK) has repositioned itself solely as an energy transition metals company focused on copper and zinc. With it, the company announced its highest shareholders return in history, amounting to $1.8 billion. The company returned $1.25 billion through buybacks, while the rest was paid as dividends. Teck Resources Limited also announced a 50% increase in annual copper production compared to the year prior, suggesting high business performance. It intends to increase this production to between 135,000 and 150,000 tons in 2025, per its production guidance.

Teck Resources Limited (NYSE:TECK) has drawn the attention of 66 hedge funds from the Insider Monkey database at the end of Q4 2024. It suggests strong institutional participation. A notably high upside potential of 54.55% increases investors’ interest by raising the perception of the company’s value.