Best Copper Stocks to Buy Now (2026)
Top copper stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% per year, and are the best copper stocks to buy now. Learn More.

Industry: Copper
A
Copper is Zen Rated A and is the 24th ranked industry out of 145 stock market industries
Learn how the Zen Ratings work
Ticker
Company
Exchange
Industry
Zen Rating
Market Cap
Price
1d %
EBITDA
P/E
D/E
Country
DD Score
ERO
ERO COPPER CORP
NYSE
Copper
$3.58B$34.3110.32%$579.80M11.47x0.77
Canada
TGB
TREKOR METALS LTD
NYSEMKT
Copper
$3.04B$8.320.97%$171.40M286.90x2.12
Canada
HBM
HUDBAY MINERALS INC
NYSE
Copper
$12.26B$27.614.94%$1.67B16.15x0.68
Canada
SCCO
SOUTHERN COPPER CORP
NYSE
Copper
$166.08B$199.063.12%$10.17B29.23x0.90
United States
FCX
FREEPORT-MCMORAN INC
NYSE
Copper
$99.98B$69.622.11%$7.59B34.30x1.37
United States
IE
IVANHOE ELECTRIC INC
NYSEMKT
Copper
$1.76B$11.022.99%-$77.26M42.38x0.10
Canada

Copper Stocks FAQ

What are the best copper stocks to buy right now in Aug 2026?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best copper mining stocks to buy right now are:

1. Ero Copper (NYSE:ERO)


Ero Copper (NYSE:ERO) is the #1 top copper stock out of 6 with a Zen Rating of B. Stocks with a rating of B have had an average return of +17.17% per year. Learn more.

The Component Grade breakdown for Ero Copper (NYSE:ERO) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: D, Financials: B, and AI: C.

Ero Copper (NYSE:ERO) has a Due Diligence Score of 40, which is -1 points lower than the copper industry average of 41. Although this number is below the industry average, our proven quant model rates ERO as a "B".

ERO passed 13 out of 33 due diligence checks and has average fundamentals. Ero Copper has seen its stock return 149.16% over the past year, overperforming other copper stocks by 48 percentage points.

Ero Copper has an average 1 year price target of $35.67, an upside of 3.96% from Ero Copper's current stock price of $34.31.

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

2. Trekor Metals (NYSEMKT:TGB)


Trekor Metals (NYSEMKT:TGB) is the #2 top copper stock out of 6 with a Zen Rating of B. Stocks with a rating of B have had an average return of +17.17% per year. Learn more.

The Component Grade breakdown for Trekor Metals (NYSEMKT:TGB) is: Value: C, Growth: A, Momentum: B, Sentiment: C, Safety: D, Financials: C, and AI: C.

Trekor Metals (NYSEMKT:TGB) has a Due Diligence Score of 25, which is -16 points lower than the copper industry average of 41. Although this number is below the industry average, our proven quant model rates TGB as a "B".

TGB passed 8 out of 33 due diligence checks and has weak fundamentals. Trekor Metals has seen its stock return 167.52% over the past year, overperforming other copper stocks by 67 percentage points.

Trekor Metals has an average 1 year price target of $14.00, an upside of 68.27% from Trekor Metals's current stock price of $8.32.

Trekor Metals stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Trekor Metals, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Hudbay Minerals (NYSE:HBM)


Hudbay Minerals (NYSE:HBM) is the #3 top copper stock out of 6 with a Zen Rating of C. Stocks with a rating of C have had an average return of +5.11% per year. Learn more.

The Component Grade breakdown for Hudbay Minerals (NYSE:HBM) is: Value: C, Growth: C, Momentum: B, Sentiment: C, Safety: C, Financials: C, and AI: C.

Hudbay Minerals (NYSE:HBM) has a Due Diligence Score of 44, which is 3 points higher than the copper industry average of 41.

HBM passed 16 out of 38 due diligence checks and has strong fundamentals. Hudbay Minerals has seen its stock return 194.35% over the past year, overperforming other copper stocks by 94 percentage points.

Hudbay Minerals has an average 1 year price target of $31.33, an upside of 13.48% from Hudbay Minerals's current stock price of $27.61.

Hudbay Minerals stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Hudbay Minerals, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% 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 1.85%, which is 1 percentage points higher than the copper industry average of 0.93%. Southern Copper's dividend payout is not stable, having dropped more than 10% five 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 54% indicates that its dividend yield is sustainable for the long-term.

2. Freeport Mcmoran (NYSE:FCX)


Freeport Mcmoran (NYSE:FCX) has an annual dividend yield of 0.86%, which is the same as the copper industry average of 0.93%. Freeport Mcmoran's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Freeport Mcmoran's dividend has shown consistent growth over the last 10 years.

Freeport Mcmoran's dividend payout ratio of 29.6% 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 0.07%, which is -1 percentage points lower than the copper industry average of 0.93%. Hudbay Minerals's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Hudbay Minerals's dividend has shown consistent growth over the last 10 years.

Hudbay Minerals's dividend payout ratio of 1.6% indicates that its dividend yield is sustainable for the long-term.

Why are copper stocks up?

Copper stocks were up 3.67% in the last day, and up 12.55% over the last week. Ero Copper was the among the top gainers in the copper industry, gaining 10.32% yesterday.

Shares of copper-related companies are trading higher amid continued strength, as supply and demand uncertainty related to anticipated tariffs and electrical infrastructure contributed to the metal's recent rally. Recent indicators of market tightening include escalating shipments to the U.S. and climbing orders in China.

What are the most undervalued copper stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued copper stocks right now are:

1. Ero Copper (NYSE:ERO)


Ero Copper (NYSE:ERO) is the most undervalued copper stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Ero Copper has a valuation score of 43, which is 17 points higher than the copper industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Ero Copper's stock has gained 149.16% in the past year. It has overperformed other stocks in the copper industry by 48 percentage points.

2. Trekor Metals (NYSEMKT:TGB)


Trekor Metals (NYSEMKT:TGB) is the second most undervalued copper stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Trekor Metals has a valuation score of 14, which is -12 points higher than the copper industry average of 26. It passed 1 out of 7 valuation due diligence checks.

Trekor Metals's stock has gained 167.52% in the past year. It has overperformed other stocks in the copper industry by 67 percentage points.

3. Hudbay Minerals (NYSE:HBM)


Hudbay Minerals (NYSE:HBM) is the third most undervalued copper stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Hudbay Minerals has a valuation score of 57, which is 31 points higher than the copper industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Hudbay Minerals's stock has gained 194.35% in the past year. It has overperformed other stocks in the copper industry by 94 percentage points.

Are copper stocks a good buy now?

83.33% of copper stocks rated by analysts are a strong buy right now. On average, analysts expect copper stocks to fall by -5.5% over the next year.

0% of copper stocks have a Zen Rating of A (Strong Buy), 33.33% of copper stocks are rated B (Buy), 66.67% are rated C (Hold), 0% are rated D (Sell), and 0% are rated F (Strong Sell).

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

The average P/E ratio of the copper industry is 33.03x.
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