The copper industry is comprised of companies involved in the exploration, extraction, development, and production of the metal, one of the most widely used metals today. It is used for a broad range of applications in electronics, construction, power generation, and transmission. Some of the big names in the sector include China-based Zijin Mining Group Co. Ltd., Freeport-McMoRan Inc. (FCX), and U.K.-based KAZ Minerals Plc. Copper stocks, as represented by the Global X Copper Miners ETF (COPX), have dramatically underperformed the broader market, rising 7.6% compared to the S&P 500's gain of 27.1% over the past 12 months. 

Here are the top 3 copper stocks with the best value, the fastest earnings growth, and the most momentum. All figures in this story are as of January 14, 2020.

Best Value Copper Stocks

These are the copper stocks with the lowest 12-month trailing price-to-earnings (P/E) ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated.

Best Value Copper Stocks
  Price ($) Market Cap ($B) 12-Month Trailing P/E Ratio
Southern Copper Corp. (SCCO) 44.34 34.3 23.3
First Quantum Minerals Ltd. (FM.TO) 10.02 7.0 26.8
Lundin Mining Corp. (LUN.TO) 6.06 4.5 45.0
Source: Investopedia
  • Southern Copper Corp.: Southern Copper is engaged in the exploration, development, and production of copper. In the process of producing copper, the company also obtains several by-products including molybdenum, silver, zinc, sulfuric acid and other metals. The company posted Q3 2019 earnings per share (EPS) growth of 4.2% and revenue growth of 7.9% compared to the same quarter a year ago.
  • First Quantum Minerals Ltd.: First Quantum Minerals is a Canada-based company that engages in the exploration, development, and production of copper, nickel, gold, zinc, silver and acid.
  • Lundin Mining Corp.: Lundin Mining is a Canada-based diversified company engaged in the exploration, development, and mining of mineral properties, producing primarily copper, zinc, gold, and nickel. The company posted EPS growth of 300% and revenue growth of 41.9% in Q3 2019 compared to the year ago period.

Fastest Growing Copper Stocks

These are the copper stocks with the highest year-over-year (YOY) EPS growth for the most recent quarter. Rising earnings show that a company’s business is growing and is generating more money that it can reinvest or return to shareholders.

Fastest Growing Copper Stocks
  Price ($) Market Cap ($B) EPS Growth (%)
Lundin Mining Corp. (LUN.TO) 6.06 4.5 300.0
Ero Copper Corp. (ERO.TO) 16.99 1.4 200.0
Turquoise Hill Resources Ltd. (TRQ.TO) 0.70 1.4 33.3
Source: Investopedia; Lundin Mining, Ero Copper, and Turquoise Hill Investor Relations
  • Lundin Mining Corp.: See above for company description.
  • Ero Copper Corp.: Ero Copper is a Canada-based mining company that engages in the production and sale of copper, gold, and silver. The company posted YOY EPS growth of 200.0% and YOY revenue growth of 28.2% for Q3 2019.
  • Turquoise Hill Resources Ltd.: Turquoise Hill Resources is a Canada-based mining company engaged in the exploration and development of mineral and metal properties. The company conducts copper, gold, coal, molybdenum, and rhenium mining operations around the world. Turquoise Hill Resources reported EPS growth of 33.3% and a 15.1% decline in revenue for Q3 2019 compared to the year earlier quarter.

Copper Stocks with the Most Momentum

These are the copper stocks that had the highest price change the last 12 months.

Copper Stocks with the Most Momentum
  Price ($) Market Cap ($B) 12-Month Trailing Price Change (%)
Ero Copper Corp. (ERO.TO) 16.99 1.4 100.2
Southern Copper Corp. (SCCO) 44.34 34.3 37.5
Lundin Mining Corp. (LUN.TO) 6.06 4.5 33.8
S&P 500 N/A N/A 27.1
Global X Copper Miners ETF (COPX) N/A N/A 7.6
Source: Investopedia; Yahoo! Finance
  • Ero Copper Corp.: See above for company description.
  • Southern Copper Corp.: See above for company description.
  • Lundin Mining Corp.: See above for company description.