10 Best Copper Stocks to Buy According to Wall Street Analysts

2. MAC Copper Limited (NYSE:MTAL)

Number of Hedge Fund Holders: 14

Upside potential: 65.90%

MAC Copper Limited (NYSE:MTAL), listed as Metals Acquisition Limited (MTAL), is a mining and metals company headquartered in Jersey. The company’s focus is on acquiring high-quality copper assets. Its flagship project is the CSA Copper Mine in Australia, which serves the global infrastructure and electrification sectors. With strategic acquisitions and a strong focus on copper amid the energy transition across many economies, the company builds a sturdy foothold in the global market against emerging players like Ivanhoe Mines.

MAC Copper Limited (NYSE:MTAL) surpassed the midpoints of its guidance by achieving a record copper production in the fourth quarter of 2024. The company has also reported a substantial EBITDA margin of 47%. Company guidance anticipates copper production to reach over 50,000 tons by 2026. For 2025, production is expected to be in the range of 43,000 tons to 48,000 tons, capturing the attention of investors and analysts alike in the market.

As per the Insider Monkey database of Q4 2024, 14 hedge fund holders held stakes in MAC Copper Limited, suggesting low institutional exposure compared to other leading copper stocks in our list. However, its substantial upside potential of 65.90% stands out markedly, attracting investors interested in incorporating one of the best copper stocks into their portfolios.