5 Best Stocks Under $50 According to Hedge Funds

3. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 46

Share Price as of September 1: $33.85

Teck Resources Limited (NYSE:TECK) is a diversified metals and mining firm. The company has an impressive dividend history stretching back more than a decade. It has consistently paid a dividend to shareholders for the past eleven years. The sector median in this regard is ten years. These payouts are slowly starting to register growth as well. In late July, the firm declared a quarterly dividend of C$0.125 per share, in line with previous. The forward yield was 1.45%. The dividend is payable to shareholders by late September. 

On August 16, investment advisory Stifel maintained a Buy rating on Teck Resources Limited (NYSE:TECK) stock and lowered the price target to C$59 from C$62. Analyst Alex Terentiew issued the ratings update. 

At the end of the second quarter of 2022, 46 hedge funds in the database of Insider Monkey held stakes worth $2 billion in Teck Resources Limited (NYSE:TECK), compared to 56 in the previous quarter worth $2.6 billion.