5 Under-the-Radar Stocks Billionaires Are Loading Up On

2. Teck Resources Limited (NYSE:TECK)

Number of Billionaire Investors: 14
Number of Hedge Fund Holders: 66

Teck Resources Limited (NYSE:TECK) is a Canada-based mining company that is engaged in the mining and mineral development of a wide range of commodities. Deutsche Bank raised its price target on the stock to $47 in May with a Buy rating on the shares, presenting a positive outlook on metals and mining companies.

The number of hedge funds tracked by Insider Monkey owning stakes in Teck Resources Limited (NYSE:TECK) grew to 66 in Q1 2023, from 62 in the previous quarter. These stakes are collectively worth over $2 billion. Billionaire John Armitage’s Egerton Capital Limited was one of the company’s largest stakeholders with roughly 10 million shares.

Follow Teck Resources Ltd (NYSE:TECK)