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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
$1.06B$11.70-1.68%$259.80M6.50x1.26
FCX
FREEPORT-MCMORAN INC
NYSE
Copper
$42.62B$29.82-2.26%$10.20B8.95x1.75
SCCO
SOUTHERN COPPER CORP
NYSE
Copper
$37.34B$48.30-0.68%$6.18B12.81x1.24
TRQ
TURQUOISE HILL RESOURCES LTD
NYSE
Copper
$6.05B$30.05-0.20%$640.35M11.01x0.56
HBM
HUDBAY MINERALS INC
NYSE
Copper
$1.12B$4.28-0.23%$378.41M-12.97x1.74
1

Copper Stocks FAQ

What are the best copper stocks to buy right now in Oct 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 56, which is 21 points higher than the copper industry average of 35. It passed 18 out of 33 due diligence checks and has strong fundamentals. Ero Copper has seen its stock lose -31.18% over the past year, underperforming other copper stocks by -30 percentage points.

Ero Copper has an average 1 year price target of $15.54, an upside of 32.84% from Ero Copper's current stock price of $11.70.

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 42, which is 7 points higher than the copper industry average of 35. It passed 16 out of 38 due diligence checks and has strong fundamentals. Freeport Mcmoran has seen its stock lose -5.96% over the past year, underperforming other copper stocks by -5 percentage points.

Freeport Mcmoran has an average 1 year price target of $38.36, an upside of 28.65% from Freeport Mcmoran's current stock price of $29.82.

Freeport Mcmoran stock has a consensus Hold recommendation according to Wall Street analysts. Of the 12 analysts covering Freeport Mcmoran, 8.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 8.33% have issued a Strong Sell.

3. Southern Copper (NYSE:SCCO)


Southern Copper (NYSE:SCCO) is the third best copper stock with a Zen Score of 34, which is -1 points lower than the copper industry average of 35. It passed 13 out of 38 due diligence checks and has average fundamentals. Southern Copper has seen its stock lose -14.06% over the past year, underperforming other copper stocks by -13 percentage points.

Southern Copper has an average 1 year price target of $47.75, a downside of -1.14% from Southern Copper's current stock price of $48.30.

Southern Copper stock has a consensus Sell recommendation according to Wall Street analysts. Of the 5 analysts covering Southern Copper, 0% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 20% have issued a Sell rating, and 20% 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 8.28%, which is 5 percentage points higher than the copper industry average of 3.47%. 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 not shown consistent growth over the last 10 years.

Southern Copper's dividend payout ratio of 110.1% 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 1.76%, which is -2 percentage points lower than the copper industry average of 3.47%. 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 15.8% 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 0.36%, which is -3 percentage points lower than the copper industry average of 3.47%. 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 -4.8% indicates that its dividend yield might not be sustainable for the long-term.

Why are copper stocks down?

Copper stocks were down -1.03% in the last day, and up 5.17% over the last week. Freeport Mcmoran was the among the top losers in the copper industry, dropping -2.26% yesterday.

Freeport-McMoRan shares are trading lower after Exane BNP Paribas downgraded the stock from Outperform to Neutral.

What are the most undervalued copper stocks?

Based on WallStreetZen's Valuation Score, the 2 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 34 points higher than the copper industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Ero Copper's stock has dropped -31.18% in the past year. It has underperformed other stocks in the copper industry by -30 percentage points.

2. Turquoise Hill Resources (NYSE:TRQ)


Turquoise Hill Resources (NYSE:TRQ) is the second most undervalued copper stock based on WallStreetZen's Valuation Score. Turquoise Hill Resources has a valuation score of 57, which is 20 points higher than the copper industry average of 37. It passed 4 out of 7 valuation due diligence checks.

Turquoise Hill Resources's stock has gained 110.43% in the past year. It has overperformed other stocks in the copper industry by 111 percentage points.

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 15.22% 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 10.42x.
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