WallStreetZenWallStreetZen

Sectors & IndustriesBasic MaterialsCopper
Best Copper Stocks to Buy Now (2022)
Top copper stocks in 2022 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
$1.11B$12.330.57%$317.64M4.95x1.19
SCCO
SOUTHERN COPPER CORP
NYSE
Copper
$47.20B$61.050.98%$7.01B13.81x1.19
FCX
FREEPORT-MCMORAN INC
NYSE
Copper
$54.32B$37.48-2.27%$10.45B10.74x1.67
TRQ
TURQUOISE HILL RESOURCES LTD
NYSE
Copper
$5.64B$28.05-0.46%$681.00M10.02x0.56
HBM
HUDBAY MINERALS INC
NYSE
Copper
$1.48B$5.64-3.26%$384.25M-12.26x1.91
1

Copper Stocks FAQ

What are the best copper stocks to buy right now in May 2022?

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 62, which is 23 points higher than the copper industry average of 39. It passed 21 out of 33 due diligence checks and has strong fundamentals.

ERO COPPER has an average 1 year price target of $19.99, an upside of 62.13% from ERO COPPER's current stock price of $12.33.

ERO COPPER stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering ERO COPPER, 57.14% have issued a Strong Buy rating, 28.57% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. SOUTHERN COPPER (NYSE:SCCO)


SOUTHERN COPPER (NYSE:SCCO) is the second best copper stock with a Zen Score of 52, which is 13 points higher than the copper industry average of 39. It passed 19 out of 38 due diligence checks and has strong fundamentals. SOUTHERN COPPER has seen its stock lose -10.29% over the past year, underperforming other copper stocks by -9 percentage points.

SOUTHERN COPPER has an average 1 year price target of $62.17, an upside of 1.83% from SOUTHERN COPPER's current stock price of $61.05.

SOUTHERN COPPER stock has a consensus Sell recommendation according to Wall Street analysts. Of the 3 analysts covering SOUTHERN COPPER, 0% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.

3. FREEPORT-MCMORAN (NYSE:FCX)


FREEPORT-MCMORAN (NYSE:FCX) is the third best copper stock with a Zen Score of 38, which is -1 points lower than the copper industry average of 39. It passed 15 out of 38 due diligence checks and has average fundamentals. FREEPORT-MCMORAN has seen its stock lose -9.84% over the past year, underperforming other copper stocks by -8 percentage points.

FREEPORT-MCMORAN has an average 1 year price target of $46.22, an upside of 23.32% from FREEPORT-MCMORAN's current stock price of $37.48.

FREEPORT-MCMORAN stock has a consensus Hold recommendation according to Wall Street analysts. Of the 9 analysts covering FREEPORT-MCMORAN, 11.11% have issued a Strong Buy rating, 33.33% have issued a Buy, 44.44% have issued a hold, while 0% have issued a Sell rating, and 11.11% 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 6.8%, which is 4 percentage points higher than the copper industry average of 2.76%. 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 81.4% indicates that its high dividend yield is sustainable for the long-term.

2. FREEPORT-MCMORAN (NYSE:FCX)


FREEPORT-MCMORAN (NYSE:FCX) has an annual dividend yield of 1.2%, which is -2 percentage points lower than the copper industry average of 2.76%. 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 12.9% 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 0.28%, which is -2 percentage points lower than the copper industry average of 2.76%. 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 -3.5% indicates that its dividend yield might not be sustainable for the long-term.

Why are copper stocks down?

Copper stocks were down -0.37% in the last day, and up 3.21% 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 2 most undervalued copper stocks right now are:

1. TURQUOISE HILL RESOURCES (NYSE:TRQ)


TURQUOISE HILL RESOURCES (NYSE:TRQ) is the most undervalued copper stock based on WallStreetZen's Valuation Score. TURQUOISE HILL RESOURCES has a valuation score of 71, which is 37 points higher than the copper industry average of 34. It passed 5 out of 7 valuation due diligence checks.

TURQUOISE HILL RESOURCES's stock has gained 64.9% in the past year. It has overperformed other stocks in the copper industry by 66 percentage points.

2. ERO COPPER (NYSE:ERO)


ERO COPPER (NYSE:ERO) is the second most undervalued copper stock based on WallStreetZen's Valuation Score. ERO COPPER has a valuation score of 43, which is 9 points higher than the copper industry average of 34. It passed 3 out of 7 valuation due diligence checks.

Are copper stocks a good buy now?

40% of copper stocks rated by analysts are a strong buy right now. On average, analysts expect copper stocks to rise by 19.34% 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 11.66x.
©2022 WallStreetZen
Company
AboutBlogPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContact
Stocks
Stock ScreenerStock ForecastHighest Earnings StocksBest Dividend Paying StocksStatisticsTrending StocksStock Market SectorsStock Market Industries
Analysts
Top Performing Analysts
Social
TwitterYouTube
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.