5 Cheap Coal Stocks to Buy Today

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1. Teck Resources Ltd (NYSE:TECK)

Number of Hedge Fund Holders: 56

Share Price (as of July 1): $29.78

With shares trading near $30 as of July 1, Teck Resources Ltd (NYSE:TECK) is one of the best, most affordable coal stocks to buy now. The Canadian mining company produces coal, copper, gold, silver, lead, and other metals, as well as chemicals and fertilizers, through operations in the United States, Canada, Turkey, Australia, Ireland, Mexico, Chile, and Peru.

Hedge fund sentiment around Teck Resources Ltd (NYSE:TECK) was overwhelmingly positive in Q1. At the end of the first quarter, 56 hedge funds owned $2.64 billion worth of positions in the company compared to 40 hedge funds a quarter earlier. Of the 56 bullish hedge funds, Soroban Capital Partners was the leading shareholder of Teck Resources Ltd (NYSE:TECK) with a $495 million stake.

On June 29, Deutsche Bank analyst Liam Fitzpatrick maintained a ‘Buy’ rating on Teck Resources Ltd (NYSE:TECK) shares, and revised the price target to $48 from $52. TECK is currently trading below its intrinsic market value, with a P/E ratio of 5.04x.

You can also take a look at 15 Best Semiconductor Stocks to Buy Now and 15 Largest Energy Companies.

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