11 Best Mineral Stocks to Buy According to Hedge Funds

3. Teck Resources Limited (NYSE:TECK)           

Number of Hedge Funds: 62

Due to strong hedge fund interest, Teck Resources Limited (NYSE:TECK) is among the 11 Best Mineral Stocks to Buy According to Hedge Funds.

The analyst outlook remains mixed ahead of its Q2 earnings report that Teck Resources Limited (NYSE:TECK) is expected to release on July 24, 2025. For Q2 ended June 30, 2025, analysts expect a decline in the company’s EPS and revenue by roughly 63% and 43%, respectively.

Citing higher copper prices and improved recession risks, JPMorgan, on July 9, 2025, increased its price target on Teck Resources Limited (NYSE:TECK) from $41 to $44, maintaining an ‘Outperform’ rating.

Meanwhile, Morgan Stanley increased its price target on Teck Resources Limited (NYSE:TECK) from $42 to $44; however, it downgraded the company’s stock from ‘Overweight’ to ‘Equal Weight’ on July 15, 2025, citing the less compelling risk/reward dynamics in copper equities at the moment, following outperformance since April 2025.

Across Asia, the Americas, and Europe, Teck Resources Limited (NYSE:TECK) operates mineral properties, focusing on copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver. It is included in our list of the Best Material Stocks.