5 Best Stocks to Buy Now According to David Einhorn’s Greenlight Capital

4. Teck Resources Limited (NYSE:TECK)

Greenlight Capital’s Stake Value: $112,789,000

Percentage of Greenlight Capital’s Q3 Portfolio: 7.56%

Number of Hedge Fund Holders: 41

Engaged in mining and mineral development, Teck Resources Limited (NYSE:TECK) is a Canadian company dealing in coal, zinc, lead, silver, gold, and copper, among other secondary products. Increasing his stake in Teck Resources Limited (NYSE:TECK) by 12% by the end of September, David Einhorn holds 4.52 million shares of the company worth $112.78 million.

Teck Resources Limited (NYSE:TECK) posted on October 27 its Q3 results, reporting earnings per share of $1.52, exceeding estimates by $0.34. Revenue for the period came in at $3.21 billion, up 84.60% on a year-over-year basis, beating estimated revenue by almost $269 million. 

On December 7, BMO Capital analyst Jackie Przybylowski lowered the price target on Teck Resources Limited (NYSE:TECK) to C$53 from C$56 and kept an Outperform rating on the shares.

Jacob Mitchell’s Antipodes Partners is the leading stakeholder of Teck Resources Limited (NYSE:TECK) from Q3, holding a $179.65 million stake in the company. Overall, 41 hedge funds in the third quarter database of Insider Monkey were bullish on Teck Resources Limited (NYSE:TECK), holding total stakes amounting to $1.31 billion.