10 Best Copper Stocks to Buy Right Now

4. Teck Resources Limited (NYSE:TECK)

​Number of Hedge Fund Holders: 42

Teck Resources Limited (NYSE:TECK) is one of the best copper stocks to buy right now. On December 5, JPMorgan analyst Bill Peterson lifted the price target on Teck Resources Limited (NYSE:TECK) to $51 from $43 while keeping a Neutral rating on the shares. The firm told investors that it adjusted its price targets in the North America metals and mining group to take into account its 2026 outlook.

Similarly, on November 26, Deutsche Bank lifted its price target on Teck Resources Limited (NYSE:TECK) to $46 from $45 while keeping a Buy rating on the shares. The rating update came as part of a 2026 outlook for the copper sector, with the firm telling investors in a research note that severe supply disruptions have caused copper prices to rise to near record levels.

However, Scotiabank analyst Orest Wowkodaw lowered the price target on Teck Resources Limited (NYSE:TECK) to C$60 from C$65 on November 25 while keeping a Sector Perform rating on the shares.

Separately, during an investor presentation and QB site tour on November 3 and 4 in Chile, Teck Resources Limited (NYSE:TECK) provided an update regarding its proposed merger with Anglo American plc and the creation of one of the largest global copper complexes by combining QB and Collahuasi.

Management reported that the proposed merger would create “long-term value growth” for shareholders by developing a top five copper producer with over 70% copper exposure and a combined copper production of 1.2 million tonnes, expected to grow to c.1.35 million tonnes in 2027 from current operations.

It further stated that Teck Resources Limited (NYSE:TECK) shareholders would be able to seek benefit from a number of value drivers, including “$800 million in pre-tax recurring annual corporate synergies, near-term growth of an additional potential ~120-165 kilotonnes per annum (ktpa) copper production through asset optimization, potential ~295 ktpa additional copper production through medium-term capital efficient adjacencies (including QB-Collahuasi and Los Bronces-Andina synergies)m and extensive brownfield and greenfield future growth optionality”.

Teck Resources Limited (NYSE:TECK) is a resource company involved in the exploration, development, acquisition, production, and sale of natural resources, with its products including copper, steelmaking coal, industrial products and fertilisers, zinc, and other metals. The company’s project operations are located in the US, Peru, Canada, and Chile.