5 Best Copper Stocks to Buy Now

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In this article, we discuss the 5 best copper stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Copper Stocks to Buy Now.

5. Hudbay Minerals Inc. (NYSE: HBM)

Number of Hedge Fund Holders: 15    

Hudbay Minerals Inc. (NYSE: HBM) is ranked fifth on our list of 10 best copper stocks to buy now. The company’s shares have returned more than 116% to investors in the past year. It is a Canadian mining firm that focuses on producing copper and zinc. It operates in North and South America. The company has mined for precious metals in the Flin Flon area of Manitoba for over nine decades. The area has reserves of copper, zinc, gold, and silver. 

On April 6, investment advisory Bank of American upgraded Hudbay Minerals Inc. (NYSE: HBM) stock to Buy from Underperform with a price target of $9.5 on the back of improved outlook for the copper business and an expected rise in prices of the metal. 

Out of the hedge funds being tracked by Insider Monkey, Atlanta-based investment firm GMT Capital is a leading shareholder in Hudbay Minerals Inc. (NYSE: HBM) with 37 million shares worth more than $259 million. 

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