5 Best Affordable Stocks to Buy Now

4. Teck Resources Limited (NYSE:TECK)

Price as of August 3: $28.04

Teck Resources Limited (NYSE:TECK) is a Canadian minerals and mining company. The company’s main operations revolve around coal, zinc, and copper. The company also has an engagement in solar energy.

At the end of the second quarter of 2022, Teck Resources Limited (NYSE:TECK) reported an adjusted profit attributable to shareholders of C$1.8 billion or C$3.3 per share. The adjusted EBITDA was recorded at C$3.3 billion, representing almost a 300% YoY growth. Moreover, the company generated a CFO of C$2.9 billion and exited the quarter with C$8.4 billion in liquidity, including C$3.3 billion in cash.

As of August 3, Teck Resources Limited (NYSE:TECK) has a dividend yield of 1.39% and a 3.54 P/E ratio. On July 27, the company announced a quarterly dividend of C$0.125 per share, payable on September 29. Furthermore, the company also authorized a share repurchase program of $500 million in the second quarter of 2022.