Billionaire David Einhorn’s 10 Stock Picks with Huge Upside Potential

8. Teck Resources Limited (NYSE:TECK)

Greenlight Capital’s Q4 Stake: $44 million

Analyst Upside as of April 30: 40.57%

Number of Hedge Fund Holders: 66

Teck Resources Limited (NYSE:TCK) is a prominent mining and mineral development company that extracts and explores a wide range of minerals, including copper, coal, zinc, and oil. With activities in Canada, Chile, Peru, and the United States, the company operates across five business segments: steelmaking, coal, copper, zinc, energy, and corporate.

Following the company’s first-quarter results announcement, Benchmark maintained its Buy rating and $55 price target for Teck Resources Limited (NYSE:TECK). Teck Resources surpassed expectations, reporting adjusted EBITDA of C$927 million, exceeding the C$808 million market concensus and Benchmark’s own C$867 million projection. This success was related to strong performance in the zinc industry. Furthermore, Teck remains optimistic about its future prospects, anticipating copper output of 490,000 to 565,000 tonnes and zinc production of 525,000 to 575,000 tonnes this year. The company is also continuing its $3.25 billion buyback program, with more than half of it already completed, and is looking into near-term copper projects with possible investments of $3.2 to $3.9 billion.