10 Best Copper Stocks to Buy According to Wall Street Analysts

3. Taseko Mines Limited (NYSEAMERICAN:TGB)

Number of Hedge Fund Holders: 12

Upside potential: 62.62%

A Canadian mining company, Taseko Mines Limited (NYSEAMERICAN:TGB) is focused on the production and development of copper. The company’s principal asset is the Gibraltar Mine in British Columbia. The company also holds development-stage projects like Florence Copper in Arizona. It primarily serves the global construction and electrification markets while using key differentiators, including long-life assets and advanced in-situ recovery technology, to stay ahead of its competitors in the market.

Taseko Mines Limited (NYSEAMERICAN:TGB) achieved an adjusted EBITDA of $224 million for 2024. The recent quarter’s results suggest significant progress with the Florence project. With construction advancing smoothly as planned, the Florence project is expected to become their second production operation soon. For 2025, the company intends to focus on the Florence Copper project, anticipating its first copper production before the end of the year. Gibraltar copper-molybdenum mine exceeded the design capacity and produced 29 million pounds of Copper, recording the fourth quarter as the best quarter in history.

Our Insider Monkey database noted that only 12 hedge funds at the end of Q4 2024 held stakes in Taseko Mines Limited (NYSEAMERICAN:TGB). It suggests low institutional ownership compared to our high-growth copper stocks. Despite this, its upside potential stands at a significant 62.62%, thus attracting the attention of investors seeking to modify their portfolios.