5 Best Silver and Copper Stocks to Buy for the EV Transition

Page 5 of 5

1. BHP Group Limited (NYSE:BHP)

Short % of Shares Outstanding: 0.61%

On May 15, Liam Fitzpatrick, analyst of Deutsche Bank, raised the firm’s price target on BHP Group Limited (NYSE:BHP) to 2,600 GBp from 2,400 GBp while maintaining a Hold rating on the shares.

On April 27, Argus Research raised its price target on BHP Group Limited (NYSE:BHP) to $95 from $90 and reiterated a Buy rating on the stock. The firm noted that BHP’s performance remains closely tied to trends in iron ore, copper, and coal markets, adding that commodity prices are strengthening amid rising global inflation. Argus also highlighted improving economic conditions in China and growing clean energy demand as supportive factors for the company’s long-term outlook.

BHP Group Limited (NYSE:BHP) was founded in 1885 and is headquartered in Melbourne. Operating within the global mining industry, BHP produces critical commodities, including copper, iron ore, and nickel. The company plays a significant role in the global electric vehicle transition through its supply of copper for EV motors and renewable energy grids, as well as nickel used in modern EV battery technologies.

BHP Group remains strategically positioned to benefit from rising global demand for critical minerals tied to electrification, infrastructure expansion, and clean energy adoption. The recent analyst price target increases, combined with improving commodity market conditions and stabilizing Chinese economic activity, reinforce confidence in the company’s long-term growth and earnings potential.

While we acknowledge the potential of BHP for the EV transition, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BHP and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Future Stocks to Buy Right Now and  9 Best Space Stocks to Buy According to Reddit and Social Media.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5
1281292 - 11759070 - 1