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.
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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.
8. BHP Group (NYSE:BHP)
Number of Hedge Fund Holders: 24
BHP Group (NYSE:BHP) is one of the best copper stocks to buy right now. On December 3, JPMorgan analyst Dominic O’Kane lifted the price target on BHP Group (NYSE:BHP) to 2,300 GBp from 2,100 GBp while keeping a Neutral rating on the shares. However, Citi analyst Ephrem Ravi reiterated a Hold rating on the stock on December 2, setting a A$47.00 price target.
In addition, Bank of America Securities analyst Jason Fairclough maintained a Buy rating on BHP Group (NYSE:BHP) on November 24, with a price target of A$49. Morgan Stanley’s Rahul Anand also issued a bullish outlook for the stock the same day, assigning a Buy rating.
The ratings came after BHP Group (NYSE:BHP) reported its operational review for the quarter ended 30 September, announcing that copper production grew 4%, with record concentrator throughput at Escondida. Management highlighted the resilient overall macroeconomic signals for commodity demand, with global growth forecasts also moving higher.
The company further stated that while it expects some deceleration in growth in H2 CY25, in China, it still expects GDP growth of ~5% for the year. In addition, BHP Group’s (NYSE:BHP) asset portfolio in copper benefited from major disruptions at some of its competitors’ mines, tightening the overall market fundamentals.
BHP Group (NYSE:BHP) is involved in the exploration, production, development, and processing of copper, iron ore, and metallurgical coal. Its operations are divided into the Copper, Iron Ore, and Coal segments. The Copper segment encompasses the mining of copper, silver, gold, lead, zinc, molybdenum, and uranium.
7. Vale S.A. (NYSE:VALE)
Number of Hedge Fund Holders: 37
Vale S.A. (NYSE:VALE) is one of the best copper stocks to buy right now. On December 5, Jefferies analyst Chris LaFemina reiterated a Buy rating on Vale S.A. (NYSE:VALE) and set a $15.00 price target.
Separately, Vale S.A. (NYSE:VALE) announced on December 2 that its subsidiary Vale Base Metals signed an agreement with Glencore Canada for the joint evaluation of a potential brownfield copper development project at their adjacent properties in the Sudbury Basin.
Management reported that the agreement offers a framework to “explore significant synergies of mining both companies’ underground deposits via the existing shaft and infrastructure at Glencore’s Nickel Rim South Mine”. VBM and Glencore are intended to transition to a joint venture as equal project partners after the completion of the early work.
Vale S.A. (NYSE:VALE) further reported that the project proposes a deepening of Glencore’s existing mine shaft and the development of new drifts to allow access to nearby copper deposits, and is expected to produce 880 kt of copper over 21 years with a capital cost of about $1.6 billion to $2.0 billion.
Owing to the polymetallic geology of the Sudbury Basin, the companies would also produce gold, nickel, cobalt, PGMs and other critical minerals. The company expects the detailed engineering, permitting and consultation work to occur in 2026, and a final investment decision to roll out in the first half of 2027.
Vale S.A. (NYSE:VALE) produces and exports copper, pellets, iron ore, manganese, and iron alloys. Its operations are divided into the Energy Transition Materials, Iron Solutions, and Coal and Others segments.
6. Rio Tinto Group (NYSE:RIO)
Number of Hedge Fund Holders: 37
Rio Tinto Group (NYSE:RIO) is one of the best copper stocks to buy right now. Deutsche Bank analyst Liam Fitzpatrick reiterated a Hold rating on Rio Tinto Group (NYSE:RIO) on December 5 and set a price target of £53.00.
In a separate development, Rio Tinto Group (NYSE:RIO) announced on December 2 that it signed an updated Native Title Agreement with Karlka Nyiyaparli Aboriginal Corporation (KNAC) Registered Native Title Body Corporate, to bolster ways of collaborative work, provide the company with a clear framework for engaging on mine development on Nyiyaparli Country, and pave the way for long-term benefits for the Nyiyaparli People.
Management reported that KNAC’s Agreement Review Committee guided the jointly developed agreement, and was informed by on-Country consultations and heritage advice and was supported by Common Law Holders.
The agreement is significant since parts of Rio Tinto Group’s (NYSE:RIO) Hope Downs mining operations and the proposed Rhodes Ridge development are located on Nyiyaparli Country.
Rio Tinto Group (NYSE:RIO) and the Nyiyaparli People first signed the Native Title Agreement in 2011, which has now been updated. The updated agreement was signed on 28 November, and supports earlier and ongoing consultation, allows increased decision-making transparency for mining on Nyiyaparli Country, and delivers enhanced cultural heritage and environmental protections.
Rio Tinto Group (NYSE:RIO) explores, mines, and processes mineral resources. Its operations are divided into the following business segments: Copper, Iron Ore, Aluminium, and Minerals.
5. Hudbay Minerals Inc. (NYSE:HBM)
Number of Hedge Fund Holders: 40
Hudbay Minerals Inc. (NYSE:HBM) is one of the best copper stocks to buy right now. On November 24, BofA lifted the price target on Hudbay Minerals Inc. (NYSE:HBM) $21.50 from $19.50 while keeping a Buy rating on the stock.
The firm told investors that it refreshed its price forecasts for the North American Metals & Mining stocks under its coverage, and stated that it sees a challenging macro backdrop because of China’s slowing commodity demand. However, it noted that the trends may be offset by a rebound in demand in Europe and the United States.
Similarly, BMO Capital analyst Matthew Murphy also raised the price target on Hudbay Minerals Inc. (NYSE:HBM) to C$24 from C$23 on November 18 while keeping an Outperform rating on the shares. The firm told investors that it updated its model to take into account the Q3 results.
Hudbay Minerals Inc. (NYSE:HBM) announced its fiscal Q3 2025 results on November 12, reporting that it achieved consolidated copper production of 24,205 tonnes and consolidated gold production of 53,581 ounces in the quarter, which reflects strong operational resilience as the Manitoba operations were suspended for the majority of the quarter because of temporary operational interruptions in Peru and wildfire evacuations.
In addition, RBC Capital also lifted the price target on Hudbay Minerals Inc. (NYSE:HBM) to C$26 from C$24 on November 17 and maintained an Outperform rating on the shares. It told investors that the company is continually generating strong free cash flow and is benefiting from high copper and gold prices, supporting the optimistic outlook for the stock.
The firm added that it expects further upside in the shares as the company unlocks regional opportunities in Peru and Manitoba and de-risks the Copper World project in Arizona.
Hudbay Minerals Inc. (NYSE:HBM) is a mining company that produces copper concentrate, molybdenum concentrate, and zinc metal. The company’s focus is on the production, discovery, and marketing of base and precious metals.
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.
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.
2. Barrick Mining Corporation (NYSE:B)
Number of Hedge Fund Holders: 75
Barrick Mining Corporation (NYSE:B) is one of the best copper stocks to buy right now. On December 5, Barrick Mining Corporation (NYSE:B) was upgraded to Outperform from Neutral by BNP Paribas Exane analyst Alan Spence, who set a $50 price target on the stock. The firm supported the rating upgrade with the copper sector’s momentum-fueled entry into 2026.
Separately, on December 2, Barrick Mining Corporation (NYSE:B) announced the completion of the divestiture of its interests in the Tongon gold mine and certain of its exploration properties in Côte d’lvoire to the Atlantic Group for total consideration of up to $305 million.
Management reported that the consideration comprises a “cash consideration of $192 million, inclusive of a $23 million shareholder loan repayment within six months of closing, and contingent cash payments totalling up to $113 million payable based on the price of gold over 2.5 years and resource conversions over 5 years”.
In addition, Barrick Mining Corporation (NYSE:B) announced on December 1 that its Board of Directors unanimously authorised its management team to explore an initial public offering (IPO) of a subsidiary that would hold the company’s premier North American Gold Assets.
Management reported that if an IPO is pursued, NewCo would be anchored by Barrick Mining Corporation’s (NYSE:B) joint venture interests in Pueblo Viejo and Nevada Gold Mines, along with Barrick’s wholly owned Fourmile gold discovery in Nevada.
The company further reported that it is contemplated that NewCo would be listed “through an initial public offering of a small minority interest”, and following the IPO, Barrick would “intend to retain a significant controlling majority interest in NewCo, while also retaining and driving value in the Company’s other world-class global gold and copper assets in its portfolio”.
Barrick Mining Corporation (NYSE:B) added that this action is complementary to the “Board’s ongoing operational review and focus on maximising value across Barrick’s portfolio for shareholders”, especially in North America.
Barrick Mining Corporation’s (NYSE:B) management has been authorized to explore this potential value creation initiative through early 2026, and the company would provide updates regarding its progress at its full year 2025 results in February 2026.
Barrick Gold Corporation (NYSE:B) is a Canada-based gold and copper producer and seller. The company also engages in related activities, such as exploration and mine development. It has ownership interests in producing gold mines in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania, and the United States.
1. Freeport-McMoRan Inc (NYSE:FCX)
Number of Hedge Fund Holders: 83
Freeport-McMoRan Inc (NYSE:FCX) is one of the best copper stocks to buy right now. JPMorgan lifted the price target on Freeport-McMoRan Inc (NYSE:FCX) to $58 from $50 while keeping an Overweight rating on the stock, adjusting price targets on the North America metals and mining group as part of its 2026 outlook.
Similarly, Deutsche Bank lifted the price target on Freeport-McMoRan Inc (NYSE:FCX) to $47 from $45 on November 26 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 pushed copper prices to near record levels.
BofA also lifted the price target on Freeport-McMoRan Inc (NYSE:FCX) to $58 from $50 on November 24 while maintaining a Buy rating on the shares. The firm told investors that it is refreshing its price forecasts for the North American Metals & Mining stocks under its coverage, and sees a challenging macro backdrop primarily due to the slowing commodity demand in China. However, the firm also noted that this may be offset by rebounding demand in Europe and the United States.
However, on November 19, BMO Capital slashed its price target on Freeport-McMoRan Inc (NYSE:FCX) to $47 from $48 while keeping an Outperform rating on the shares. It released the rating after the Grasberg update, stating that it reduced its estimates to take into account the updated mine and production plans. The firm added that while the updated production outlook was lower than expected and some restart risks exist, execution should be key.
Freeport-McMoRan Inc. (NYSE:FCX) is involved in the mining of copper, molybdenum, and gold. The company’s operations are divided into the following segments: North America Copper Mines, South America Operations, Indonesia Operations, Molybdenum Mines, Rod and Refining, Atlantic Copper Smelting and Refining, and Corporate and Other.
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