5 Best Canadian Stocks To Buy and Hold In 2024

2. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 68

Teck Resources Limited (NYSE:TECK) is engaged in exploring for, acquiring, developing, and producing natural resources across Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Teck Resources Limited (NYSE:TECK) is one of the best Canadian stocks to buy. On February 22, the company declared a C$0.125 per share quarterly dividend, which is payable on March 28 to shareholders on record as of March 15. The company’s board has given approval for the management to buy back Class B subordinate voting shares, with an authorization of up to $500 million.

According to Insider Monkey’s fourth quarter database, 68 hedge funds were long Teck Resources Limited (NYSE:TECK), compared to 75 funds in the earlier quarter. Eric W. Mandelblatt’s Soroban Capital Partners is the leading stakeholder of the company, with 8.8 million shares worth $371.8 million. 

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