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. Southern Copper (NYSE:SCCO)
The Component Grade breakdown for Southern Copper (NYSE:SCCO) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: A, and AI: B.
Southern Copper (NYSE:SCCO) has a Due Diligence Score of 46, which is 17 points higher than the copper industry average of 29.
SCCO passed 17 out of 38 due diligence checks and has strong fundamentals. Southern Copper has seen its stock lose -5.1% over the past year, overperforming other copper stocks by 5 percentage points.
Southern Copper has an average 1 year
price target of $97.13, an upside of 0.3% from Southern Copper's current stock price of $96.84.
Southern Copper stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Southern Copper, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 33.33% have issued a Sell rating, and 33.33% have issued a Strong Sell.
2. Hudbay Minerals (NYSE:HBM)
The Component Grade breakdown for Hudbay Minerals (NYSE:HBM) is: Value: C, Growth: C, Momentum: C, Sentiment: D, Safety: C, Financials: C, and AI: C.
Hudbay Minerals (NYSE:HBM) has a Due Diligence Score of 31, which is 2 points higher than the copper industry average of 29.
HBM passed 12 out of 38 due diligence checks and has average fundamentals. Hudbay Minerals has seen its stock return 15.61% over the past year, overperforming other copper stocks by 26 percentage points.
3. Freeport Mcmoran (NYSE:FCX)
The Component Grade breakdown for Freeport Mcmoran (NYSE:FCX) is: Value: C, Growth: D, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: B.
Freeport Mcmoran (NYSE:FCX) has a Due Diligence Score of 41, which is 12 points higher than the copper industry average of 29.
FCX passed 17 out of 38 due diligence checks and has strong fundamentals. Freeport Mcmoran has seen its stock lose -12.86% over the past year, underperforming other copper stocks by -2 percentage points.
Freeport Mcmoran has an average 1 year
price target of $49.29, an upside of 23.28% from Freeport Mcmoran's current stock price of $39.98.
Freeport Mcmoran stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Freeport Mcmoran, 42.86% have issued a Strong Buy rating, 28.57% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.