In this article, we will take a look at the 12 Best Copper Stocks to Buy According to Hedge Funds.
Stocks exposed to copper production could be the biggest winners as US President Donald Trump imposes 50% tariffs on the metal. Analysts at Bank of America have already warned that the escalating tariff war surrounding the metal is likely to fuel a significant price spike, much to the benefit of copper mining companies.
The announcement of a 50% tariff sent the copper September future contract on the CME skyrocketing 13%, the biggest daily performance since 1989. Likewise, Bank of America analysts have already noted that CME copper prices typically outperform global prices on the London Metal Exchange by approximately 600 points.
“For copper producers that sell on CME pricing, this would mean higher realized revenues,” Bank of America’s Lawson Winder told clients.
Copper prices in the US are expected to increase significantly, given that the country imports just under half of its copper demand. Prices could reach as high as $15,000 per metric ton of copper in the US, while the rest of the world pays around $10,000 a ton under a 50% tariff rate.
Analysts at Citi have already called it a watershed moment for the copper market in 2025.
“Imminent flagged tariff implementation should abruptly close the window for further significant U.S.-bound copper shipments (possibly for the rest of 2025),” they said in a Wednesday note, saying this would cause a pullback in ex-U.S. pricing.
With Grandview Research projecting that the copper market is growing at a compound annual growth rate of 6.5%, now would be the best time to pay close attention to copper stocks. The market is expected to reach $339.95 billion by 2030, driven by strong demand from the renewable energy sector. With China, the US, and the European Union setting ambitious standards for net-zero emissions, copper demand is expected to skyrocket.
Our Methodology
To compile the list of the Best Copper Stocks to Buy According to Hedge Funds, we scanned for companies with significant exposure to the exploration, mining, and production of the critical metal. Next, we narrowed our focus to companies backed by solid underlying fundamentals, such as earnings growth and strong production capacity, and popular among elite hedge funds. Finally, we ranked the stocks in ascending order based on the number of hedge funds (as of Q1 2025) that hold stakes in them.
Why are we interested in the stocks that hedge funds pile into? The reason is straightforward: our research has demonstrated that we can outperform the market by replicating 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12. Taseko Mines Ltd. (NYSE:TGB)
Number of hedge fund holders: 10
Taseko Mines Ltd. (NYSE:TGB) is one of the best copper stocks to buy according to hedge funds. On August 6, the company confirmed it is making significant progress on the development of its core copper projects, including Florence Copper, which is on schedule and budget.
Production at the Florence Copper project is poised to begin within the next six months, even as mining operations in Gibraltar continue to make progress with the advancement of the deeper Connector Pit. The ramping up of production activities is expected to result in increased copper production and a more substantial cash flow.
The remarks come as Taseko Mines delivers solid second-quarter results. Earnings from mining operations totaled $20.7 million with adjusted EBITDA of $17.4 million. Net income totaled $21.9 million, or $0.07 per share, leading to an adjusted net loss of $13 million, or $0.04 per share, which was worse than the expected loss of $0.02 per share. Revenue in the quarter totaled $116.08 million, better than the expected $93.98 million. The company produced 19.8 million pounds of copper in Gibraltar.
Taseko Mines Ltd. (NYSE:TGB) is a mining company that focuses on the operation and development of copper mines in North America. It is best known for the Gibraltar Mine in British Columbia, which is the second-largest copper mine in Canada, and for advancing the Florence Copper project in Arizona.
11. MAC Copper Ltd (NYSE:MTAL)
Number of hedge fund holders: 14
MAC Copper Ltd (NYSE:MTAL) is one of the best copper stocks to buy according to hedge funds. On August 8, MAC Copper Limited announced that Harmony Gold Mining Company Limited (NYSE:HMY) received regulatory approval from South Africa’s Reserve Bank for its proposed acquisition of MAC.
This marks a key milestone in the transaction, which is structured under Jersey law and aims for Harmony’s Australian subsidiary to acquire 100% of MAC Copper’s issued share capital. MAC CEO Mick McMullen called the approval “another significant step” toward completing the deal.
The acquisition still requires shareholder approval at meetings scheduled for August 29, 2025, in Jersey, with voting eligibility based on the July 29 share register. Additional conditions include clearance from Australia’s Foreign Investment Review Board, court sanctioning, and fulfillment of terms in the Streams Restructure Deed. MAC’s board unanimously recommends shareholders vote in favor of the scheme, which supports its strategy of investing in metals and mining assets aligned with global electrification and decarbonization goals.
MAC Copper Ltd (NYSE:MTAL) is focused on operating and acquiring metals and mining businesses, particularly those involved in copper and other minerals critical for the global energy transition.
10. Ero Copper Corp. (NYSE:ERO)
Number of hedge fund holders: 15
Ero Copper Corp. (NYSE:ERO) is one of the best copper stocks to buy according to hedge funds. On August 1, the company delivered its second-quarter results, which showed improvements in production and operational efficiency. Consequently, it achieved an adjusted EBITDA of $82.7 million and an adjusted net income of $0.46 per share, representing a 31% increase from the first quarter. Cash flow from operations improved to $90.3 million from $65 million in the previous quarter.
During the quarter, Ero Copper produced 15,513 tons of copper and 7,743 ounces of gold. Copper production at the Caraiba’s mine was up 25% quarter over quarter to 9,200 tons as cash costs at the mine declined 7% to $2.07/ib. Cost reduction was driven by operational enhancements, optimized maintenance routines, and improved water management.
Ero Copper also achieved a significant milestone at Tacuma, where commercial production commenced on July 1, 2025. Copper production was up 25% quarter over quarter to 6,400 tons, with throughput levels exceeding 75% of design capacity.
In the second half of 2025, Ero Copper anticipates consecutive output increases at Tucumã and Caraíba. As previously mentioned in its strategic objectives, the company’s emphasis on deleveraging puts it in a position to perhaps start generating shareholder returns.
Ero Copper Corp. (NYSE:ERO) is a high-growth copper producer with operations in Brazil. The company focuses on producing and selling copper, with gold and silver as by-products. Its flagship projects include the Caraíba Operations (underground and open-pit copper mines) and the Tucumã Operation (an open-pit copper mine) in Brazil.
