In this article, we will look at the 8 Best Copper Stocks to Invest In Now.
On April 23, Robin Brooks, Brookings’ senior fellow, appeared on CNBC’s ‘The Exchange’ to talk about oil prices and which factors are keeping the prices where they are.
He was of the view that there are two things going on at the present, with the first being a physical shortage. On the other hand, there exist expectations that the war and the standoff between Iran and the United States will end sometime soon. The markets are thus pricing in these two factors in the short-dated physical market, so that is oil for delivery. Oil prices are a little bit higher, but according to him, in the futures market, oil prices would be a little bit lower because markets rationally expect this war to end sometime soon.
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Brooks also talked about how demand destruction is a real thing in these circumstances, in terms of how quickly people can substitute oil with other things or stop using it altogether. He thinks that we are now finding out that these elasticities are somewhat higher, and so when we hear scary numbers like $150 or $200 in the market, it turns out that people are making an unrealistic assumption for this price elasticity, and basically assuming that people are stuck with oil, when in reality, we are seeing that they are not.
With these broader market trends in view, let’s narrow down and look at the best copper stocks to invest in now.
Our Methodology
We used Finviz to compile a list of copper stocks and chose the top 8 with the highest number of hedge fund holders as of Q4 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 April 23.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating 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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
8 Best Copper Stocks to Invest In Now
8. Taseko Mines Ltd (NYSEAMERICAN:TGB)
Taseko Mines Ltd (NYSEAMERICAN:TGB) is one of the best copper stocks to invest in now. On April 21, Canaccord lifted the price target on Taseko Mines Ltd (NYSEAMERICAN:TGB) to C$14 from C$13.50 while maintaining a Buy rating on the shares.
In a separate development, Taseko Mines Ltd provided an operational update and first-quarter production results for Florence Copper and the Gibraltar Mine on April 14. It reported that Gibraltar produced a total of 30.0 million pounds of copper and 717 thousand pounds of molybdenum in the first quarter, reflecting a growth of 50% and 113% over the same period in 2025. Management stated that the copper grades in the quarter were in line with the life of mine average grade, and recoveries improved to 83%. However, copper sales in the quarter were 27 million pounds, slightly lower than production, primarily due to shipment timing.
Taseko Mines Ltd further stated that the results from Gibraltar reflected a solid quarter, with operating results generally in line with the company’s expectations. Production included 733 thousand pounds of copper cathode from the Gibraltar SX/EW plant, which operated continuously through the winter months.
Taseko Mines Ltd is a mining company involved in the acquisition, development, and operation of mineral deposits. The company holds an interest in the Gibraltar, Florence Copper, Aley Niobium, Yellowhead, New Prosperity, and Harmony projects.
7. BHP Group Limited (NYSE:BHP)
BHP Group Limited (NYSE:BHP) is one of the best copper stocks to invest in now. In its operational review for the nine months ended March 31, 2026, BHP Group Limited (NYSE:BHP) reported that total copper production decreased 3% to 1,461 kt, with the copper production guidance for fiscal year 2026 remaining unchanged at between 1,900 and 2,000 kt. The company now expects it to be in the upper half of the range. BHP Group Limited further reported that its balance sheet remains strong, and in the last month, it realized ~US$4.8 billion through the completion of the Antamina silver streaming transaction and finalising the divestment of Carajás, along with the cash received in relation to the earlier divestment of Blackwater and Daunia.
BHP Group Limited also reported that in April, it completed a silver streaming transaction with Wheaton Precious Metals and received total upfront consideration of US$4.3 billion. It also finalised the divestment of the Carajás assets with US$240 million received on completion, along with cash adjustments, with potential for up to an additional US$225 million to be received as contingent payments based on performance targets.
BHP Group Limited 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.
6. Rio Tinto Group (NYSE:RIO)
Rio Tinto Group (NYSE:RIO) is one of the best copper stocks to invest in now. JPMorgan lifted the price target on Rio Tinto Group (NYSE:RIO) to 7,200 GBp from 7,030 GBp on April 22, setting a Neutral rating on the shares. The rating update came after the company released production results for fiscal Q1 2026 on April 21, reporting that operating excellence drove 9% year-over-year copper equivalent production growth across its portfolio, with the Oyu Tolgoi copper mine continuing to ramp up according to plan. Rio Tinto Group’s integrated aluminium business also delivered a solid performance, and the company attained the historic land exchange at Resolution Copper, with its project team focused on the next phase of one of the world’s largest untapped copper deposits.
Rio Tinto Group further reported that copper production grew 9% year-over-year, driven by the continued successful ramp-up of Oyu Tolgoi, with drilling at Resolution underway after the completion of the land exchange in March. Iron ore yielded the second-highest fiscal Q1 Pilbara production since 2018, up 13% year-over-year, with sales up 2% year-over-year.
Rio Tinto Group 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)
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. 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. 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. 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. 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 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 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 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 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 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. 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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