10 Best Copper Stocks to Buy According to Wall Street Analysts

8. Barrick Gold Corporation (NYSE:GOLD)

Number of Hedge Fund Holders: 44

Upside potential: 22.19%

Toronto-based company, Barrick Gold Corporation (NYSE:GOLD) is among the largest gold mining firms in the world. It has business operations in North America, Africa, the Middle East, and Latin America. Though the company focuses heavily on its core product, gold, it also produces significant quantities of copper. In addition to scale and cost efficiency, the company’s position in the market is thriving because of its joint ventures, such as its Nevada Gold Mines partnership with Newmont. The company serves global investment, jewelry, and industrial markets.

Barrick Gold Corporation (NYSE:GOLD) recorded a 30% increase in EBITDA per its most recent quarter results. Additionally, while gold production has increased by 15% compared to the previous quarter, the company has managed to subdue the costs by 3%, gaining shareholders’ positive appreciation. It also continues adding significant new reserves for gold and Copper. For 2025, Barrick Gold Corporation is guiding gold production between 3.15 and 3.5 million ounces, with a substantial focus on copper reserves.

Barrick Gold Corporation (NYSE:GOLD) has moderate institutional support, with 44 hedge fund holders from the Insider Monkey Q4 2024 database holding stakes. Its upside potential of 22.19% also indicates modest capital growth expectations, which would attract investors looking for one of the best copper stocks to buy.