5 Value Stocks That Are Too Cheap To Ignore

In this piece, we will take a look at the five value stocks that are too cheap to ignore. For more stocks, head on over to 10 Value Stocks That Are Too Cheap To Ignore.

5. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 46

Teck Resources Limited (NYSE:TECK) is an energy, metals, and minerals miner that is headquartered in Vancouver, Canada. The firm sells products such as copper, zinc, coal, lead, and bitumen.

Teck Resources Limited (NYSE:TECK)’s second quarter earnings saw the firm more than triple its operating income, as it brought in CAD 3.3 billion in EBITDA. This also led to the company quintupling its net income to CAD 1.7 billion for a $3.12 in earnings per share Another key factor about the firm is that the strengthening U.S. plays to its advantage as it earns the bulk of revenues in the currency but pays out its costs in CAD. Therefore, it gets cheaper for Teck Resources Limited (NYSE:TECK) to operate as the CAD weakens but at the same time, the stronger USD brings it more revenue.

Teck Resources Limited (NYSE:TECK) pays a 10 cent dividend for a 1.12% yield and its shares are up by 17% year to date. Insider Monkey studied 895 hedge fund portfolios for their second quarter of 2022 investments to discover that 46 had held a stake in the company.

Out of these, Eric W. Mandelblatt’s Soroban Capital Partners is Teck Resources Limited (NYSE:TECK)’s largest investor. It owns 13 million shares that are worth $416 million.