5 Best Coal Mining Stocks To Invest In

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1. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 68

Teck Resources Limited (NYSE:TECK) is a Canadian based diversified resource company devoted to responsible mining and mineral development with business units specializing in copper, zinc, and steel making coal.

Teck Resources Limited (NYSE:TECK) recorded an adjusted EBITDA of $1.7 billion in Q4 driven by high steelmaking coal and copper prices. Shareholder returns totaled $765 million in 2023 through buybacks and dividends which allures many investors to pursue Teck Resources Limited (NYSE:TECK) as a compelling choice from the list of best coal mining stocks to invest in.

As Q4 2023, 68 hedge funds out of 933 tracked by Insider Monkey’s database held funds in the company with Eric W. Mandelblatt’s Soroban Capital Partners as the largest stakeholder with 8.8 million shares that valued at $371.8 million.

Disclosure: None. You can also take a look at 10 Largest Cobalt Mining Companies and Their Mines in the World and 20 Most Valuable Mining Companies in the World.

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