5 Best Copper Stocks to Buy Now

1. Southern Copper Corporation (NYSE: SCCO)

Number of Hedge Fund Holders: 27     

Southern Copper Corporation (NYSE: SCCO) is a Mexico-based mining company that focuses on the production of copper. It is ranked first on our list of 10 best copper stocks to buy now. The company’s shares have offered investors returns exceeding 64% in the past twelve months. Copper products account for more than 80% of the total sales value at the firm. In 2019, the company mined 993,822 tons of copper.  

Southern Copper Corporation (NYSE: SCCO) is a solid option for income investors. On May 7, the company declared a quarterly dividend of $0.70 per share, an increase of almost 17% compared to the previous dividend. The forward yield was 3.85%. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Southern Copper Corporation (NYSE: SCCO) with 3.9 million shares worth more than $270 million. 

You can also take a peek at Billionaire Stan Druckenmiller’s Top 10 Stock Picks and Billionaire Julian Robertson On Interest Rates and His Top Stock Picks For 2021.

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