Stanley Druckenmiller Was Right About These 4 Stocks

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1. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 56

Percentage Increase in Share Price (YTD): 50.77%

Teck Resources Limited (NYSE:TECK) is a diversified metals and mining firm. Latest data shows that Duquesne Capital owned 2.4 million shares of Teck Resources Limited (NYSE:TECK) at the end of the first quarter of 2022 worth more than $97 million, representing 4.23% of the portfolio.  

On May 2, CIBC analyst Bryce Adams maintained a Neutral rating on Teck Resources Limited (NYSE:TECK) stock and raised the price target to C$52 from C$50. RBC Capital and B Riley have also increased their targets on the stock recently. 

At the end of the first quarter of 2022, 56 hedge funds in the database of Insider Monkey held stakes worth $2.6 billion in Teck Resources Limited (NYSE:TECK), compared to 40 in the previous quarter worth $1.6 billion.

You can also take a peek at 10 Penny Stocks Redditors are Buying in August and 10 Best Nickel Stocks to Buy Now.

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