10 Best Copper Stocks to Buy According to Wall Street Analysts

5. Freeport-McMoRan Inc. (NYSE:FCX)

Number of Hedge Fund Holders: 88

Upside potential: 46.49%

Arizona-based company, Freeport-McMoRan Inc. (NYSE:FCX) is a leading international miner primarily extracting copper, gold, and molybdenum. The company’s key assets include the Grasberg mine in Indonesia. Large-scale operations are also being conducted in North and South America. The company is known for its extensive reserves and strategic geographic presence, which allows it to serve significant sectors like construction and energy across the globe and survive in the market against competitors like Rio Tinto and Southern Copper.

Freeport-McMoRan Inc. (NYSE:FCX) achieved a 14% increase in 2024, bringing its EBITDA to $10 billion. By scaling the leach opportunity, the company’s 2025 company guidance targets a run rate of 300 million pounds by the end of 2025. The company is also advancing several organic growth projects that are expected to gain value for its stocks in the upcoming years. This includes the brownfield expansions in the U.S. and South America. These instances have garnered a positive outlook for the company in 2025.

With 88 hedge funds from the Insider Monkey database holding stakes in the company at the end of Q4 2024, the level of institutional interest remains strong. The company has an upside potential of 46.49%, thus gaining a position in the list of best copper stocks for investors to purchase.