10 Best Copper Stocks to Buy Right Now

3. Newmont Corporation (NYSE:NEM)

​Number of Hedge Fund Holders: 74

Newmont Corporation (NYSE:NEM) is one of the best copper stocks to buy right now. Newmont Corporation (NYSE:NEM) was downgraded by BNP Paribas Exane to Neutral from Outperform on December 5, with the firm setting a price target of $97 and telling investors that the copper sector is entering 2026 with momentum, making it more constructive on aluminium while switching preferences in gold.

However, on December 2, UBS analyst Levi Spry reiterated a Buy rating on the stock with a price target of A$190.00. On December 1, UBS analyst Daniel Major also lifted the price target on Newmont Corporation (NYSE:NEM) to $125 from $105.50 while keeping a Buy rating on Newmont Corporation (NYSE:NEM). The firm told investors in a research note that gold entered 2025 as a widely held bullish trade, and that trend is being continually supported into 2026, with broad-based official and private sector demand instead of signs of extreme speculative crowding.

The firm added that although a brief surge of excessive enthusiasm materialized in early autumn, macro conditions over the coming six to twelve months suggest continual investor and central bank buying instead of a 2026 bear market setup.

Newmont Corporation (NYSE:NEM) delivered a robust fiscal Q3 2025 performance, generating record free cash flow of $1.6 billion and marking the fourth consecutive quarter of free cash flow surpassing $1 billion. It produced around 1.4 million attributable gold ounces in the quarter, and announced progress in cost savings initiatives set at the beginning of the year.

Following the earnings release on October 23, Newmont Corporation (NYSE:NEM) also announced on October 24 that its Ahafo North project in Afrisipakrom, Ghana, achieved commercial production, marking the successful completion of one of the most significant recent mining developments in West Africa.

Ahafo North is calculated to produce around 50,000 ounces of gold in 2025, with the production attaining full operating capacity through continual ramp-ups in 2026. Over the next five years, the company expects the operation to deliver around 275,000 and 325,000 ounces of gold annually over a 13-year mine life, making it a notable asset in Newmont Corporation’s (NYSE:NEM) portfolio.

Newmont Corporation (NYSE:NEM) explores and acquires gold properties containing copper, silver, lead, zinc, or other metals. Its operations are divided into the following geographical segments: Canada, Mexico, Suriname, Argentina, Peru, Australia, Papua New Guinea, Ghana, and the US.