10 Best Copper Stocks to Buy According to Wall Street Analysts

6. Hudbay Minerals Inc. (NYSE:HBM)

Number of Hedge Fund Holders: 39

Upside potential: 34.59%

Hudbay Minerals Inc. (NYSE:HBM) is a diversified Canadian mining company in Toronto, Canada. The company is involved in discovering, producing, and developing base and precious metals, primarily copper, gold, and zinc. Hudbay Minerals satisfies the demands of the global industrial and manufacturing markets with its key operating mines in Canada and Peru. Using its strong exploration capabilities, the company is increasing its growth-focused project pipeline, thereby competing with mid-tier producers like Lundin Mining and Capstone Copper.

Hudbay Minerals Inc. (NYSE:HBM)’s performance in the recent quarter has been slightly down, with the revenue hitting a 2.9% fall compared to the previous year. Additionally, the 2025 company guidance noted a stable production level from 2024, with the consolidated copper production maintained at an average of 144,000 tons. The company intends to reap the benefits from completing the optimization efforts at Copper Mountain in the next three years. In addition to this, other exploration plans, including Constancia and Snow Lake, also reflected positively in the analysts’ estimations for HBM.

Hudbay Minerals Inc. (NYSE:HBM), with 39 hedge fund holders at the end of Q4 2024, maintains a strong presence in institutional portfolios and is a valuable copper stock. Its 34.59% upside potential indicates a reasonable room for share price appreciation that could benefit the shareholders.