10 Best Metal Stocks to Buy According to Billionaires

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1. Teck Resources Limited (NYSE:TECK)

Number of Billionaires: 16

Teck Resources Limited (NYSE:TECK) is a leading Canadian resource company specializing in the exploration, development, and production of essential minerals. The company’s primary products include copper and zinc.

In recent years, Teck Resources Limited (NYSE:TECK) has strategically shifted its focus toward metals integral to the global energy transition. This pivot was underscored by the sale of its steelmaking coal business to a Glencore-led consortium for $9 billion, allowing the company to concentrate on expanding its copper and zinc operations.

In Q4 2024, the company reported a 19% year-over-year increase in copper output, totaling 122,100 tonnes, with 60,700 tonnes from the Quebrada Blanca mine in Chile. This surge contributed to an adjusted profit of C$0.45 per share, surpassing analysts’ expectations. Teck forecasts copper production to rise to between 490,000 and 565,000 tonnes in 2025.

In response to recent U.S. tariffs on Canadian imports, Teck Resources Limited (NYSE:TECK) is exploring alternative markets for its zinc products. The company is considering redirecting sales to Asia to mitigate the impact of a 25% tariff imposed by the U.S. administration.

Teck Resources (NYSE:TECK) has strong analyst support, with 77% of 22 analysts rating it a Buy. The stock has an average target price, suggesting a 36.19% upside potential. Additionally, institutional investors hold 77.46% of the company’s shares, reflecting strong confidence in its long-term growth.

The company’s strategic realignment and focus on critical minerals position it well to capitalize on the increasing demand for resources vital to the global energy transition as a best metal stock to invest in.

Overall, Teck Resources Limited (NYSE:TECK) ranks first on our list of the best metal stocks to buy according to billionaires. While we acknowledge the potential for TECK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TECK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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