7 Best Zinc Stocks to Buy According to Hedge Funds

2. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 66

Teck Resources Limited (NYSE:TECK) is a multinational mining company that operates in North America, Asia, and Europe and is primarily focused on the production of copper and zinc.

In the fourth quarter ended 31 December 2024, the company reported an adjusted EBITDA of $835 million, driven by record copper production and favorable base metal prices. Due to lower ore grades at the Red Dog and Antamina mines and scheduled maintenance at Red Dog, the company faced a major setback. Although zinc sales increased by 24%, there was a 19% year-over-year decrease in zinc-in-concentrate output. Despite this, a 112% increase was recorded in gross profit before depreciation and amortization for the zinc segment, amounting to $320 million.

Furthermore, Teck Resources Limited (NYSE:TECK) maintained strong liquidity with $11.3 billion, which included $7.1 billion in cash. The company also distributed $1.8 billion to shareholders via dividends and share repurchases in 2024.

Also, Teck Resources Limited (NYSE:TECK) reaffirmed its 2025 zinc production forecast of 525,000 to 575,000 tons, ensuring consistent output despite earlier operational obstacles. In the future, the company aims to shift its focus to energy transition metals, robust copper production, and consistent zinc operations. Through this, the company aims for long-term expansion and is ranked among the Best Zinc Stocks to Buy According to Hedge Funds.