In this article, we will look at the 10 Best Copper Stocks to Buy Right Now.
Supply Fears Push Copper Prices to Record Highs
Bloomberg reported on December 3 that copper prices have been rising in recent weeks, with a growing number of analysts and traders issuing warnings that, with large volumes of metal being shipped to the United States in anticipation of tariffs, global inventories could soon be drained to critically low levels.
On December 1, Bloomberg News’ Martin Richie reported that concerns regarding supply on the copper side have been a dominant theme not just this year but for a number of years, with these concerns appearing to come to a head in the market. He added that mine supply has taken a hit this year, with not enough to go around for the big new smelters across the globe.
Simultaneously, there is a pool of metal in the US since expectations that President Trump would impose tariffs on refined copper next year still exist. The idea there, according to him, is that there wouldn’t be enough metal left for the rest of the world. Such a “cocktail” of things is resulting in copper prices surging to a record high.
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Similarly, JP Morgan also stated in a report that supply shortages resulted in a more than 20% rise in copper prices since the beginning of 2025. The firm expects this market imbalance to continue, with a global refined copper deficit of around 330 kmt (thousand metric tons) in 2026.
JP Morgan added that copper prices are expected to rise to an average of $12,500/mt in the second quarter of 2026, ultimately averaging ~$12,075/mt for the full year.
With these trends in view, let’s look at the best copper stocks to buy right now.
Our Methodology
We used Finviz to compile a list of copper stocks and chose the top 10 with the highest number of hedge fund holders as of Q3 2025, sourcing the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of hedge fund sentiment.
Note: All data was recorded on December 5.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10 Best Copper Stocks to Buy Right Now
10. Taseko Mines Ltd (NYSE:TGB)
Number of Hedge Fund Holders: 16
Taseko Mines Ltd (NYSE:TGB) is one of the best copper stocks to buy right now. Taseko Mines Ltd (NYSE:TGB) received a Buy rating by Canaccord Genuity on November 14, with a price target of p390. However, Cantor Fitzgerald analyst Mike Kozak downgraded the stock to Hold from Buy on November 13, while raising the price target to C$6.50 from C$4.75.
The rating updates came after Taseko Mines Ltd (NYSE:TGB) reported its fiscal Q3 2025 results, with Kozak stating that the company reported an overall in-line Q3. He added that while Gibraltar production tracked behind on guidance, Florence remains on schedule for the first copper cathode. In addition, Cantor stated that shares rose 147% year-to-date, and it now sees the stock as fully and fairly valued.
Taseko Mines Ltd (NYSE:TGB) released its fiscal Q3 2025 results on November 12, reporting that revenues for fiscal Q3 were $174 million from the sale of 26 million pounds of copper and 421 thousand pounds of molybdenum. Management also reported a significant improvement in copper production at Gibraltar over the previous two quarters, primarily due to mining advancing deeper into higher-grade ore in the Connector pit.
Taseko Mines (NYSE:TGB) is a copper-focused mining company located in Canada. Its principal assets are the 100% owned Gibraltar mine in central British Columbia. It is one of the largest copper mines in North America.
9. Ero Copper Corp. (NYSE:ERO)
Number of Hedge Fund Holders: 22
Ero Copper Corp. (NYSE:ERO) is one of the best copper stocks to buy right now. Ero Copper Corp. (NYSE:ERO) received a rating update from Scotiabank on November 6, with the firm upgrading the stock to Outperform from Sector Perform and lifting the price target to C$36 from C$33.
The firm told investors that the company’s Q3 results were weaker than the forecast, with a warning that the 2025 guidance was trending to the low end of its view. However, Scotiabank also stated that Ero Copper Corp. (NYSE:ERO) revealed the updated Xavantina reserves, along with a new gold concentrate stockpile to be monetized in the near future in a “surprise gold windfall”.
However, Stifel Nicolaus analyst Ralph M. Profiti reiterated a Hold rating on Ero Copper Corp. (NYSE:ERO) the same day, setting a price target of C$37.
Both the rating updates came after Ero Copper Corp. (NYSE:ERO) reported its fiscal Q3 2025 earnings on November 4, with the quarterly financial performance reflecting higher copper concentrate sales at the Tucumã Operation and strengthening copper and gold prices towards the end of the quarter.
In addition, consolidated copper production rose to a record 16,664 tonnes in “concentrate at a blended C1 cash cost of $2.00 per pound in Q3 2025”, demonstrating quarter-over-quarter production at Tucumã and consistent quarterly production at Caraíba.
Ero Copper Corp. (NYSE:ERO) explores, develops, and mines mineral properties in Brazil, while also producing and selling copper, gold, and silver products.
