5 Best Coal Mining Stocks To Buy Today

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1. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 62

Teck Resources Limited (NYSE:TECK) explores for, acquires, develops, and produces resources in North America, Europe, and Asia. The company operates through four segments – Steelmaking Coal, Copper, Zinc, and Energy. It was established in 1913 and is based in Vancouver, Canada. On February 21, Teck Resources Limited (NYSE:TECK) declared a C$0.125 per share quarterly dividend, in line with previous. The dividend is payable on March 31, to shareholders of record on March 15. Apart from the dividend, the board of directors has given permission to the management to buy back up to $250 million worth of Class B subordinate voting shares.

On March 14, Scotiabank analyst Orest Wowkodaw raised the firm’s price target on Teck Resources Limited (NYSE:TECK) to C$75 from C$70 and kept an Outperform rating on the shares.

According to Insider Monkey’s fourth quarter database, 62 hedge funds were bullish on Teck Resources Limited (NYSE:TECK), up from 47 funds in the prior quarter. John Armitage’s Egerton Capital Limited is the largest stakeholder of the company, with 11.4 million shares worth $431 million. 

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