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Best Copper Stocks to Buy Now (2023)
Top copper stocks in 2023 ranked by overall Zen Score. See the best copper stocks to buy now, according to analyst forecasts for the copper industry.

Industry: Copper
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ERO
ERO COPPER CORP
NYSE
Copper
$1.46B$16.030.19%$239.29M10.34x1.27
FCX
FREEPORT-MCMORAN INC
NYSE
Copper
$64.96B$45.45-2.55%$8.88B17.09x1.72
HBM
HUDBAY MINERALS INC
NYSE
Copper
$1.50B$5.730.17%$527.29M19.76x1.73
SCCO
SOUTHERN COPPER CORP
NYSE
Copper
$57.83B$74.80-0.70%$5.50B22.53x1.25
1

Copper Stocks FAQ

What are the best copper stocks to buy right now in Jan 2023?

According to Zen Score, the 3 best copper mining stocks to buy right now are:

1. Ero Copper (NYSE:ERO)


Ero Copper (NYSE:ERO) is the top copper stock with a Zen Score of 59, which is 17 points higher than the copper industry average of 42. It passed 19 out of 33 due diligence checks and has strong fundamentals. Ero Copper has seen its stock return 28.65% over the past year, overperforming other copper stocks by 13 percentage points.

Ero Copper has an average 1 year price target of $15.54, a downside of -3.04% from Ero Copper's current stock price of $16.03.

Ero Copper stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Ero Copper, 66.67% have issued a Strong Buy rating, 22.22% have issued a Buy, 11.11% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Freeport Mcmoran (NYSE:FCX)


Freeport Mcmoran (NYSE:FCX) is the second best copper stock with a Zen Score of 36, which is -6 points lower than the copper industry average of 42. It passed 14 out of 38 due diligence checks and has average fundamentals. Freeport Mcmoran has seen its stock return 18.27% over the past year, overperforming other copper stocks by 3 percentage points.

Freeport Mcmoran has an average 1 year price target of $39.67, a downside of -12.72% from Freeport Mcmoran's current stock price of $45.45.

Freeport Mcmoran stock has a consensus Hold recommendation according to Wall Street analysts. Of the 13 analysts covering Freeport Mcmoran, 15.38% have issued a Strong Buy rating, 7.69% have issued a Buy, 69.23% have issued a hold, while 0% have issued a Sell rating, and 7.69% have issued a Strong Sell.

3. Hudbay Minerals (NYSE:HBM)


Hudbay Minerals (NYSE:HBM) is the third best copper stock with a Zen Score of 36, which is -6 points lower than the copper industry average of 42. It passed 14 out of 38 due diligence checks and has average fundamentals. Hudbay Minerals has seen its stock lose -22.46% over the past year, underperforming other copper stocks by -38 percentage points.

Hudbay Minerals has an average 1 year price target of $7.39, an upside of 28.92% from Hudbay Minerals's current stock price of $5.73.

Hudbay Minerals stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Hudbay Minerals, 45.45% have issued a Strong Buy rating, 36.36% have issued a Buy, 18.18% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the copper stocks with highest dividends?

Out of 3 copper stocks that have issued dividends in the past year, the 3 copper stocks with the highest dividend yields are:

1. Southern Copper (NYSE:SCCO)


Southern Copper (NYSE:SCCO) has an annual dividend yield of 4.68%, which is 3 percentage points higher than the copper industry average of 2.09%. Southern Copper's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Southern Copper's dividend has shown consistent growth over the last 10 years.

Southern Copper's dividend payout ratio of 120.5% indicates that its high dividend yield might not be sustainable for the long-term.

2. Freeport Mcmoran (NYSE:FCX)


Freeport Mcmoran (NYSE:FCX) has an annual dividend yield of 1.32%, which is -1 percentage points lower than the copper industry average of 2.09%. Freeport Mcmoran's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Freeport Mcmoran's dividend has not shown consistent growth over the last 10 years.

Freeport Mcmoran's dividend payout ratio of 22.6% indicates that its dividend yield is sustainable for the long-term.

3. Hudbay Minerals (NYSE:HBM)


Hudbay Minerals (NYSE:HBM) has an annual dividend yield of 0.27%, which is -2 percentage points lower than the copper industry average of 2.09%. Hudbay Minerals's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Hudbay Minerals's dividend has not shown consistent growth over the last 10 years.

Hudbay Minerals's dividend payout ratio of 5.2% indicates that its dividend yield is sustainable for the long-term.

Why are copper stocks down?

Copper stocks were down -1.17% in the last day, and down -0.23% over the last week.

We couldn't find a catalyst for why copper stocks are down.

What are the most undervalued copper stocks?

Based on WallStreetZen's Valuation Score, the 1 most undervalued copper stocks right now are:

1. Ero Copper (NYSE:ERO)


Ero Copper (NYSE:ERO) is the most undervalued copper stock based on WallStreetZen's Valuation Score. Ero Copper has a valuation score of 71, which is 28 points higher than the copper industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Ero Copper's stock has gained 28.65% in the past year. It has overperformed other stocks in the copper industry by 13 percentage points.

Are copper stocks a good buy now?

50% of copper stocks rated by analysts are a strong buy right now. On average, analysts expect copper stocks to fall by -22.47% over the next year.

What is the average p/e ratio of the copper industry?

The average P/E ratio of the copper industry is 19.54x.
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