Copper Stocks

Triston Martin

Aug 30, 2022

The industry of copper is made up of businesses involved in exploration and extraction, development, as well as production, and processing of copper. It is one of most frequently utilized metals. Demand of Copper is tightly tied to economic cycle because it's utilized in a wide spectrum of application, including electronics, construction, manufacturing, transport, transmission, and power generation.

Copper stocks, as represented by the Global Copper Miners ETF, have performed in line with the overall market. COPX delivered a total return of -2.7 percent in the last twelve months, which is exactly the same as the -2.7 percent return for Russell 1000. Russell 1000. To put it in perspective, the price for copper as measured in Bloomberg Copper Subindex is down 8.0 percent over the last year. The market performance numbers and the statistics listed below reflect the current price as of May 30, 2022.

Best Value Copper Stocks

They are the stocks of copper with the lowest cost-to-earnings (P/E) ratio. Since earnings can return to shareholders through buybacks and dividends, a low P/E ratio indicates that you're paying less for every dollar of profits.

Ero Copper Corp.

A Canada-based mining firm engaged in manufacturing and selling gold, silver, and copper, in mining areas, mostly in Brazil. It also has shares listed on the NYSE in the U.S. under the ticker ERO.

Lundin Mining Corp.

A Canada-based company that is engaged in the exploration and mining of zinc, copper, nickel, gold, and other metals and the exploration and development of minerals in Chile, Brazil, Sweden, and the U.S. It also offers trading on the open market within the U.S. under ticker LUNMF. It announced in April that it had concluded the acquisition of Josemaria Resources Inc. The deal to buy Josemaria was announced in December 2021 and had an implied value for the equity of about $625 million ($485 million).

Copper Mountain Mining Corp.

A mineral property developer in Canada is mostly concerned with mining copper. The most well-known Copper Mountain mine owned and operated by Copper Mountain Mining may be found in the southern region of British Columbia. At the beginning of May, Copper Mountain Mining announced that Don Strickland had been reappointed to the COO position.

Fastest Growing Copper Stocks

These are the best copper companies based on an economic growth model that ranks companies on a 50/50 ratio of their most recent quarter-to-quarter year-over-year percentage of revenue growth, as well as their most recent earnings-per-share increase. Both of these are crucial to the overall success of a company. Thus, ranking companies using just one growth measure can be vulnerable to the accounting irregularities of the particular quarter (such as changes to tax laws and restructuring expenses), which could render either one or the other figure not representative of the company overall. Companies with annual EPS or revenue growth exceeding 2500% were excluded as outliers.

First Quantum Minerals Ltd.

A Canadian company that looks for and produces silver, copper, nickel, acid, zinc, and copper. First, Quantum operates mine in countries like Turkey, Finland, Spain, and Zambia. The company also holds stocks that trade OTC across the U.S. under the ticker FQVLF. At the beginning of May, the company announced that it was appointing Tristan Pascall as CEO. He will replace Philip Pascall, who will retire as CEO but will remain chairman of the board.

Freeport-McMoRan Inc.

Freeport-McMoRan is involved in the mining of gold, copper, and molybdenum. It operates mining operations in North, South America, and Indonesia.

Copper Stocks that have the Best Performance

The copper companies with the highest returns or the smallest decreases in their total returns in the last 12 months from the companies we examined.

Turquoise Hill Resources Ltd.

A Canadian-based mining company that is involved with the development and exploration of metal and mineral properties across Asia as well as Australia. The main property it owns is the Oyu Tolgoi copper and gold mine located in the south of Mongolia.

Southern Copper Corp.

A mining company produces molybdenum, copper, zinc, and other precious metals. Southern Copper has operating mining facilities in Peru as well as Mexico. Another mine of the same company occurred at about that same point. Both fires were triggered by growing protests over mining operations in Peru in which protesters demand more advantages from mining.

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