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Top 5 Copper Stocks for 2017

Copper prizes have been rising, and this bodes well for copper stocks. In in point of fact, copper rose to over $3 per pound in 2017, and at the time of this review, the price is just a few cents below that level. This purposes that there is incentive for copper companies to increase production to consume advantage of the better prices.

Copper stocks have been win out over down for a long time, but 2017 has given them some ease. That is no reason to pick just any copper stock – it is a reason to stage due diligence and make some choices that will have the myriad reasonable prospects for success. (For a primer on investing in this metal, voucher out: Commodities: Copper.)

We have chosen five copper stocks that should do fairly for the remainder of 2017 based on their resilience through the down times. All figures are course as of Dec. 10, 2017. Here is how the five stocks break down.

Southern Copper Corporation (SCCO​)

The cattle of Southern Copper broke sharply higher in November 2016 and branded a new base to consolidate its gains. It broke out of that base in August 2017 and take up moving upward, posting significant gains in the month of October. Its 2.37% dividend could remain to grow if the company keeps prospering from rising copper quotations. Furthermore, Southern Copper’s quarterly income and total revenues take been climbing. (See also: Copper Enters First Bull Furnish in 4 Years.)

Freeport-McMoRan Inc. (FCX)

As the world’s largest copper miner, Freeport-McMoRan suffered greatly during the copper appraisal decline, but it stands to prosper as copper rises. The company is simply in the with greatest satisfaction position worldwide to increase production and take advantage of profitable copper prices. Freeport-McMoRan could touch into a position where it can resume its dividend. After a significant leap higher in July 2017, the stock has been moving sideways for the past few months. (For diverse, see:  Freeport Evacuating Indonesian Mine Worker Families After Shootings.)

  • Common Volume: 16,239,756
  • Market Cap: $21.67 billion
  • P/E Ratio (TTM): 20.26
  • EPS (TTM): $0.74
  • Dividend and Yield: $0.00 (0.00%)

BHP Billiton Reduced (BHP)

BHP Billiton has a widely diversified mining operation, but it makes the list of copper pile ups to watch because it owns BH Copper. The stock began to climb steadily starting in mid-June 2017, position a 52-week high above $44 in September, and after essentially affecting sideways for a few months, it could be preparing to head upward once again. The 4.19% dividend is captivating. (See also: Beyond Gold: Top Picks in Industrial Metals.)

  • Average Sum total: 2,376,823
  • Market Cap: $114.345 billion
  • P/E Ratio (TTM): 18.60
  • EPS (TTM): $2.21
  • Dividend and Yield: $1.72 (4.19%)

Anglo American plc (AAUKF/AAL.L)

This house mines for a variety of metals, including copper. The chart on Anglo American shows a staunch and orderly rise throughout most of 2016, but the stock was in a base entirely the first part of 2017. It broke out of that base in June and has been climbing, notwithstanding a slight downturn in September. The company has been in business since 1917, so this is a credible pick for those who want exposure to miners in general and copper in specially. (For more, see: Billionaire’s Anglo American Bet Excites Investors.)

  • Average Amount (AAL.L): 5,606,015
  • Market Cap: GBp 19.094 billion
  • P/E Ratio (TTM): 4.65
  • EPS (TTM): GBp 293.3
  • Dividend and Yield: GBp 0.48 (2.59%)

Rio Tinto plc (RIO)

Rio Tinto settlements a 4.56% dividend. Production levels have been rising, and the usual has been in an uptrend for more than a year. The company mines other metals on top of everything else copper, which helps stabilize the stock price because Rio Tinto is not dependent on the amount of any single metal for profitability. (See also: Is Rio Tinto a Great Stock for Value Investors?)

  • Typically Volume: 2,307,228
  • Market Cap: $79.586 billion
  • P/E Ratio (TTM): 13.75
  • EPS (TTM): $3.43
  • Dividend and Yield: $2.20 (4.56%)

The Footing Line

It should be noted that Codelco, a very large Chilean copper miner, did not pretence of this list because it is state owned and therefore is subject to non-market inclines that could affect its value. The five copper stocks on our book are all miners, so they are likely to profit directly from rising copper prizes and do not depend on secondary income sources such as futures contracts. All five visitors are also large enough that they have assets they could rep should a sudden downturn in copper hit.

All five also have considerable copper reserves in place that they can put on the market any time they pick out. This will help them take advantage of any sudden strengthens in the price of copper. The reserves can also be sold if any of the companies want to recall gather cash for a new opportunity. Investors in copper must watch two indicators at in one go: 1) the financial health of the company; and 2) the trend in copper bonuses worldwide. Going long on any of these stocks will require a scheduled reading of reports on supply and demand for copper. (See also: What Particulars Affect the Price of Copper?)

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