Canadian Copper Stocks
Here is a list of the top 10 copper stocks to buy right now. These shares have been selected based on annual copper production, hedge fund sentiment and underlying company fundamentals.
The main copper stocks on the TSX, which have posted significant gains this year, are listed below. In addition, here are the top three Copper stocks with the highest value, the fastest earnings growth and the strongest momentum. These are stocks that are companies that mine copper and have a future in the commodity.
The following list was compiled on July 8, 2021, using the TradingViews stock screeners, and included companies with a market capitalization of more than C $50 million.
Capstone Mining is a $2.6 billion crude metal producer that operates two copper mines. Higher copper production and higher realized prices benefit the company. In addition, in partnership with Korea Resources, Capstone owns a large 70 percent copper and iron development project in Region III, Chile, and a portfolio of exploration properties.
It produced 47.8 million pounds of copper in the first quarter of 2021 compared to 35.5 million pounds in 2020. The company sold copper for $4.12 a pound in the first quarter, compared with $2.29 a pound in the same quarter last year.
The flagship of Copper Mountain Minings is the 75% owned Copper Mountain mine in southern British Columbia near Princeton. The mine produces 100 million pounds of copper equivalent annually, and the average annual production is expected to rise to 140 million pounds of copper equivalent. Last year copper production was 77.6 million pounds, exceeding forecasts of 70 million to 75 million pounds.
Capstone Mining (CS) $2.27 billion $13,193- Capstone Mining is engaged in exploring and producing the base metals in the United States, Mexico, Canada, and Chile. Eros Copper Corp. is a base metal mining company focused on producing and selling copper in Brazil $22.4 billion $24.49 – Eros Copper Corp. The Company operates the McSA Mining Complex in the northeastern state of Bahia, Brazil.
Solaris Resources has a portfolio of copper and gold projects in Latin America, including Ecuador, Chile, Peru and Mexico. Due to its drilling program at the Warintza Copper-Gold project in Ecuador, the company had a steady news stream in 2021. Solaris has established a high-quality resource with expansion and additional discovery potential in the project.
The Company’s Board of Directors has more than 100 years of in-depth knowledge and experience in exploration and mining in South America, Europe and Australia. The company’s solid business model has proved its worth, and its mines and sites in Arizona and western Australia are well-positioned for exciting growth in the immediate future. As a result, Solaris has become a lucrative and emerging major player in the mining industry with its enormous growth potential.
The company has a sufficiently diversified portfolio exposed to a wide range of metals such as gold, zinc and lead. But make no mistake, the company could be affected by the price of copper. In addition, if the company meets production guidance or closes its Candelaria mine, it could cut copper and gold production due to hazardous mining conditions that the company needs to address.
This should put pressure on the share price in the short term, but the stock should recover. In short, this looks like a healthy and rewarding stock for copper bulls to buy in 2021.
One of the first things you see when you visit the Teck Resources website is their commitment to renewable energy, front and center. For investors interested in carbon neutrality and sustainable business practices, Teck ticks many boxes. Instead of focusing exclusively on copper, the company counts coal, zinc, gold and energy among its assets.
Copper is well on its way to becoming the new gold as the gap between supply and demand widens. The copper industry has been hard hit in the last weeks as the US prepares to raise interest rates, send prices and the dollar soaring, and reduce demand for the metal. As a result, Bank of America forecasts that copper prices could rise to $20,000 a tonne over the next three years.
It is attractive for copper investors to see such high growth in such a short period of time after years of underperformance. The current macroeconomic outlook paints a rosy picture for the base metals, which is likely to push up copper stocks. Industrial metals are expected to continue to soar in 2021 as economic recovery looms.
The BP Group owns copper mines in Chile and other copper-related assets. The shares have yielded more than 109% returns to investors over the past 12 months. In the southern state of Sonora, SSS is home to Minaurum, which is driving the flagship Alamos Silver project, the Aurifero Gold project in Alamos Silver District and the Adelita Copper-Silver project.
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