5 Best Copper Stocks To Buy For 2023

2. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 62

Teck Resources Limited (NYSE:TECK) is involved in the exploration, acquisition, development, and production of natural resources across Asia, Europe, and North America. Its products consist of copper, zinc, steelmaking coal, and blended bitumen, lead, silver, and molybdenum. The company was established in 1913 and is headquartered 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. 

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), compared to 47 funds in the last quarter. John Armitage’s Egerton Capital Limited is the largest stakeholder of the company, with 11.4 million shares worth $431 million. 

Follow Teck Resources Ltd (NYSE:TECK)