The 10 Best Copper Stocks For 2024

April 4, 2024

The Best Copper Stocks To Watch & buy in 2022

The 10 Best Copper Stocks For 2024

This post is a rundown of the top copper stocks for you to invest in this new year.

Copper is a material that many traders in metal stocks often overlook. Not nearly as rare or as highly priced as either gold or silver, it's understandable by copper might not be too high on the mind of someone looking to invest in metals stocks.

But as many experienced traders might tell you, copper is one of the most valuable metals in the world in terms of reach. The material is essential in many different industries. It's used for electrical products like wires, motors, mobile devices, while also being needed in consumer ware and interior components of housing.

And as the demand for electric vehicles rises, the need for copper is only about to increase as well. Even now, copper is being rapidly consumed for its ability to offer durability, high conductivity, and efficiency, and is used in EV vehicles, charging stations, and other EV-related products.

The recycling of copper is also being seen as an emerging industry too, especially as the overall sustainability of copper mining is being called into question.

Now that we're entering a new year, there's a lot of positive buzz surrounding copper's potential to provide handsome profit. If you're one of those traders looking to cash in on this lucrative metal, here's a list of the best copper stocks we're watching for 2024!

The New Digital America: How to Profit from the Historic Shift

Texas Oil Stock

A strange new day is coming to America in 2024. The way we shop, travel, communicate, and do business is being reshaped by emerging technologies like AI, blockchain, and cloud computing.

This digital transformation, accelerated by the pandemic, is creating an entire new class of wealth-building opportunities. Stocks that could soar 100% to 500% or more by taking advantage of this "New Digital America."

Legendary Wall Street analyst Marc Chaikin has developed a powerful system to pinpoint these future money-making stocks before the big money piles in. His proprietary "Power Gauge" uses 20 market factors to predict which under-the-radar stocks will be rated a BUY by Wall Street in the months ahead.

Don't miss your chance to get ahead of this massive wealth shift. Follow Marc's #1 stock pick for the New Digital America before it's too late.

1. Freeport-McMoRan (FCX)

Dynamic Stock Chart for TICKER FCX

Freeport-McMoRan is a major global copper producer with mines located around the world. The company offers a modest dividend yield and has demonstrated impressive returns with a 230%+ gain over the past year, showcasing its potential for continued strong performance.

2. Southern Copper Corporation (SCCO)

Dynamic Stock Chart for TICKER SCCO

Southern Copper Corporation is a Mexico-based copper giant with a focus on robust production output. It offers an attractive dividend yield of 3.85% and has shown resilience with a 64%+ return even during periods of market uncertainty.

3. BHP Group (BHP)

Dynamic Stock Chart for TICKER BHP

BHP Group is a diversified mining company with significant interests in copper alongside other resources. The company offers investors a substantial dividend yield of 11.88% and has provided a solid 43%+ return over the last 12 months.

4. Rio Tinto (RIO)

Dynamic Stock Chart for TICKER RIO

Rio Tinto is one of the world's largest mining operations and places an emphasis on sustainable practices. It offers a very attractive dividend yield of 10.35% for income-oriented investors.

5. First Quantum Minerals (FM)

Dynamic Stock Chart for TICKER FM

First Quantum Minerals is a growing copper producer with a focus on operations in Africa and Europe. The company's ambitious expansion plans signal the potential for significant upside for investors.

6. Teck Resources (TECK)

Dynamic Stock Chart for TICKER TECK

Teck Resources Limited is a natural resources firm with a diversified portfolio that includes copper, zinc, and other metals. The company boasts a global presence with operations in numerous countries. Over the past 12 months, the company has delivered an impressive 102% return on investment. Analysts are optimistic, with Deutsche Bank recently upgrading the stock to a "Buy from Hold" rating and setting a $30 price target. While the dividend yield is modest at 0.55%, it offers a potential bonus for income-seeking investors.

7. Ivanhoe Mines (IVN)

Dynamic Stock Chart for TICKER IVN

Ivanhoe Mines is a development-stage company with large-scale copper projects in the pipeline. This stock carries a higher risk profile but also offers the potential for significant rewards if its projects are successful.

8. Glencore (GLEN)

Dynamic Stock Chart for TICKER GLEN

Glencore is a global natural resource company with significant exposure to copper alongside its other operations.

9. Antofagasta (ANTO)

Dynamic Stock Chart for TICKER ANTO

Antofagasta is a Chilean copper mining company known for its strong operational efficiency and consistent production.

10. Hudbay Minerals (HBM)

Dynamic Stock Chart for TICKER HBM

Hudbay Minerals is a copper and zinc producer with assets located in North and South America. The stock has shown impressive potential with a 116%+ return over the past year.

Bottom Line...

And those were the 10 best copper stocks to invest in this 2024. Whereas gold or other minerals might be offer higher returns, copper is often the safer bet when engaging in metals investment. And although there's no such thing as guarantees where the stock market is concerned, these copper stocks come pretty close enough.

It's important to note though that proper research and close observation are essential when investing in copper stocks. Do your research on the copper industry, copper prices, copper production, even copper miners ETF.

When you're armed with the right information and are hands-on with the management of your finances, the chances of your investments bearing fruit increases dramatically. Practicing your due diligence is important. On that front, we certainly hope this article was helpful. Happy trading!

About the author 

Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.

Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}