We recently published a list of the 10 Best Copper Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where Barrick Gold Corporation (NYSE:GOLD) stands against other best copper stocks to buy according to Wall Street analysts.
The U.S. stock market has changed rapidly since the new president took control of the Oval Office. In the list of commodities that are recently surfacing as standout performers in the market, copper holds a significant place. The commodity has captured the attention of investors across the globe. According to The Wall Street Journal, by the end of March 2025, the U.S. copper future saw a 26% increase, reaching $5.02 per pound. The extraordinary growth, in addition to surpassing global prices, has set unprecedented records in the industry.
The recent tariff implementations from the U.S. administration stand among the heavy contributors to this surge. The U.S. president has recently announced a series of tariff increases, targeting the major trading partners of the U.S. Accordingly, the EU imports will be charged a 20% tariff. Chinese goods have the most impact at a 34% tariff. Similarly, a minimum 10% hike is imposed on all imports globally. Because of these measures, the average tariff rate has risen to 23%, the highest in over a century. The WSJ calls it the most significant shift in the United States’s approach to global trade.
READ ALSO: Why These Energy Stocks are Gaining This Week.
These new tariffs affect the import and export of various goods in the U.S. concerning copper. A rush has been noted to import the commodity into the U.S. before the new import tax rates take effect. This influx has resulted in a notable rise in physical deliveries, causing domestic copper prices to surge.
Income-seeking investors in the market, however, need to look past these immediate market reactions and focus on the long-term outlook for copper. Even in the long run, the value of copper remains robust. An article by CNBC noted that the world’s leading mining companies anticipate a 70% growth in the global demand for copper by 2050. The surge is expected to be driven by the adoption of copper-intensive technologies, such as renewable energy systems and electric vehicles. With constant growth in several customers shifting to renewable energy-based technologies, such an increase in demand for the commodity is inevitable.
On the other hand, the industry will likely face significant challenges in meeting this rise in demand. The mining industry, for instance, faces constraints like declining ore grades and the need for substantial capital investments to develop new projects. Owing to these factors, the growth in supply and the industry’s ability to sustain high copper prices in the future could take a hit.
Even so, copper stocks remain attractive, and investors are increasingly looking towards adding them to their portfolios to give them a diverse touch. The immediate price surges due to trade policies and the potential for long-term demand position the copper sector as a compelling investment avenue. But with this said, investors may be wondering what the best copper stock to buy today is.
Our Methodology
We followed a few criteria when putting together our list of best copper stocks for investors. Primarily, we considered only those copper stocks with an upside potential of 10%. The criteria were placed to present our interested investors with stocks with the prospect of significant capital appreciation. A substantial rise in the price of stocks often correlates with substantial profits for investors. Hence, we ranked our list based on this upside potential. We have also considered only those stocks followed by hedge funds listed in Insider Monkey’s Q4 2024 database. It ensures the institutional interests in the stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A miner examining yellow gold ore in a mine shaft, symbolizing the company’s exploration process.
Barrick Gold Corporation (NYSE:GOLD)
Number of Hedge Fund Holders: 44
Upside potential: 22.19%
Toronto-based company, Barrick Gold Corporation (NYSE:GOLD) is among the largest gold mining firms in the world. It has business operations in North America, Africa, the Middle East, and Latin America. Though the company focuses heavily on its core product, gold, it also produces significant quantities of copper. In addition to scale and cost efficiency, the company’s position in the market is thriving because of its joint ventures, such as its Nevada Gold Mines partnership with Newmont. The company serves global investment, jewelry, and industrial markets.
Barrick Gold Corporation (NYSE:GOLD) recorded a 30% increase in EBITDA per its most recent quarter results. Additionally, while gold production has increased by 15% compared to the previous quarter, the company has managed to subdue the costs by 3%, gaining shareholders’ positive appreciation. It also continues adding significant new reserves for gold and Copper. For 2025, Barrick Gold Corporation is guiding gold production between 3.15 and 3.5 million ounces, with a substantial focus on copper reserves.
Barrick Gold Corporation (NYSE:GOLD) has moderate institutional support, with 44 hedge fund holders from the Insider Monkey Q4 2024 database holding stakes. Its upside potential of 22.19% also indicates modest capital growth expectations, which would attract investors looking for one of the best copper stocks to buy.
Overall, GOLD ranks 8th on our list of best copper stocks to buy according to Wall Street analysts. While we acknowledge the potential for GOLD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GOLD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.