In this article, we will look at the 5 Best Copper Stocks to Invest In Now. If you wish to see the methodology behind the article and the extended list, please visit 8 Best Copper Stocks to Invest In Now.
5. Hudbay Minerals Inc. (NYSE:HBM)
Hudbay Minerals Inc. (NYSE:HBM) is one of the best copper stocks to invest in now. CIBC lifted the price target on Hudbay Minerals Inc. (NYSE:HBM) to C$46 from C$42 on April 21, reiterating an Outperform rating on the shares. The firm adjusted price targets in the gold and base metals group as part of a fiscal Q1 preview, stating that it believes the 20% selloff in gold from its January high and the “flip-flop” in Federal Reserve funds expectations will “support a bounce in the asset’s price.”
CIBC remains optimistic on gold and sees a solid entry point at current share levels. It has also adopted a more constructive outlook on base metal equities on the back of rising commodity tailwinds from ongoing supply constraints.
In a separate development, Hudbay Minerals Inc. (NYSE:HBM) provided an annual mineral reserve and resource update on March 27 and also issued a new three-year production guidance. The company expects consolidated copper production to average 147,000 tonnes per year over the next three years, reflecting a growth of 24% from 2025 production. Consolidated copper production is anticipated to average 159,000 tonnes per year in 2027 and 2028, representing a 28% growth from the expected 2026 production.
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. Vale S.A. (NYSE:VALE)
Vale S.A. (NYSE:VALE) is one of the best copper stocks to invest in now. Vale S.A. (NYSE:VALE) released its production and sales statistics for fiscal Q1 2026 on April 17, reporting a strong quarter marked by solid production and sales, with multiple assets reaching their highest production levels. Vale S.A. (NYSE:VALE) reported that copper production totaled 102.3 kt, 13% (11.4 kt) higher year-over-year and driven by record output at Salobo and Sossego, along with a solid performance at Voisey’s Bay polymetallic mines.
The company further reported that iron ore production totaled 69.7 Mt, 3% (2.0 Mt) higher year-over-year, supported by record output at S11D and Brucutu, along with the continued ramp-up of the Capanema and VGR projects. In addition, pellet production reached 8.2 Mt, up 14% (1.0 Mt) year-over-year and driven primarily by improved performance at the Tubarão pelletizing plants. Iron ore sales rose by 4% (2.6 Mt) year-over-year, totaling 68.7 Mt, and were in line with higher production volumes.
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.
3. Teck Resources Limited (NYSE:TECK)
Teck Resources Limited (NYSE:TECK) is one of the best copper stocks to invest in now. Teck Resources Limited (NYSE:TECK) announced unaudited first-quarter results for 2026 on April 22. Adjusted EBITDA in the quarter was $2.1 billion, $1.2 billion or 125% higher than the same period last year, driven by factors such as record quarterly copper sales volumes, significantly higher commodity prices, and increased revenue from by-products. The company’s profit before taxes was $1.3 billion in fiscal Q1 2026.
Teck Resources Limited (NYSE:TECK) further reported that cash flow from operations of $1.0 billion increased its net cash position by $338 million at March 31, 2026. Its liquidity as of April 22, 2026, is $9.8 billion, including $5.7 billion of cash, bolstered by continued cash flow generation into April. The company’s copper segment generated gross profit before depreciation and amortization of $1.8 billion in Q1 2026, compared to $704 million in the same period last year. This was primarily driven by record copper prices, which averaged US$5.83 per pound in Q1 2026, as well as record quarterly copper sales volumes. Gross profit from the company’s copper segment was $1.4 billion in the quarter.
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.
2. Newmont Corporation (NYSE:NEM)
Newmont Corporation (NYSE:NEM) is one of the best copper stocks to invest in now. On April 21, CIBC cut the price target on Newmont Corporation (NYSE:NEM) to $176 from $177 while reiterating an Outperform rating on the shares. The firm adjusted price targets in the gold and base metals group as part of a fiscal Q1 preview, stating that it believes the 20% selloff in gold from its January high and the “flip-flop” in Federal Reserve funds expectations will “support a bounce in the asset’s price.” CIBC remains optimistic on gold and sees a solid entry point at current share levels. It has also adopted a more constructive outlook on base metal equities on the back of rising commodity tailwinds from ongoing supply constraints.
Newmont Corporation (NYSE:NEM) also received a rating update from National Bank on April 16. The firm downgraded the stock to Sector Perform from Outperform, bringing the price target down to $130 from $140. It told investors in a research note that the company’s costs are increasing, primarily due to increased diesel prices, a new tax framework in Ghana, and the operations pause at the Cadia mine.
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.
1. Barrick Mining Corporation (NYSE:B)
Barrick Mining Corporation (NYSE:B) is one of the best copper stocks to invest in now. On April 21, CIBC cut the price target on Barrick Mining Corporation (NYSE:B) to $63 from $67 while reaffirming an Outperform rating on the shares. The firm adjusted price targets for the companies under its coverage in its gold and base metals group as part of a fiscal Q1 preview, and stated that it believes the 20% selloff in gold from its January high and the “flip-flop” in Federal Reserve funds expectations will “support a bounce in the asset’s price.”
The firm further expressed optimism on gold, saying that it sees a solid entry point at current share levels. In addition to gold, CIBC has also adopted a more constructive outlook on base metal equities, seeing rising commodity tailwinds resulting from ongoing supply constraints.
Barrick Mining Corporation (NYSE:B) also received a rating update from ATB Capital on April 7. The firm downgraded the stock to Sector Perform from Outperform, and set a C$70 price target.
Barrick Mining Corp. (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.
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