The copper industry has been one of the few bright spots in the volatile stock markets of the past decade. With strong demand for the metal in electronics and construction, copper stocks have been in high demand. While the sector has seen its share of ups and downs, investors continue to bet on the copper market for long-term gains.
If you’re looking for the top copper stocks on the TSX in 2023, you’ve come to the right place. Canadian investors should take advantage of the rising copper prices by investing in these five copper stocks that are trading on the TSX in 2023.
First up is Capstone Mining Corporation (TSX: CS). Capstone is one of Canada’s largest copper producers that currently operate three copper mines in North and South America. The company has a proven track record of success, and its stock has seen a strong upward trend since 2019. In addition, Capstone operates a copper-molybdenum mine in Chisel Creek, Yukon.
Another great copper stock to consider is First Quantum Minerals Ltd. (TSX: FM). This Canadian mining giant is primarily focused on copper and nickel production, but it also produces gold, zinc, and cobalt. First Quantum is the largest copper producer in Africa and is considered one of the leading copper companies in the world. Its stock has seen a strong upward trend over the past several years and is a great investment for investors looking to increase their exposure to copper.
Next up is CCS Corporation (TSX: CCS). This small-cap company operates copper mines in Chile and Peru, and it also produces copper concentrate. The company’s stock has seen a strong upward trend since 2019 and is a great opportunity for investors looking to diversify their portfolios with a solid copper stock.
Another top copper stock is Hudbay Minerals Inc. (TSX: HBM). Hudbay is one of the world’s leading copper producers, with operations in Canada, the United States, and Peru. The stock has seen a strong upward trend in recent years and is a great option for investors looking for long-term gains.
Finally, Teck Resources Ltd. (TSX: TECK) is one of the leaders in the copper market. Teck is a diversified mining company that produces zinc, copper, nickel, and various other metals. The company’s stock has seen strong performance since 2019 and is a great long-term investment for investors looking to benefit from the expected strong expansions of copper production in 2023.
These five copper stocks all have strong track records and are trading on the TSX in 2023. Canadian investors should consider investing in these stocks to take advantage of the expected growth in copper prices. With a diverse range of risk levels and industry leads, these stocks can provide investors with the opportunity to gain exposure to copper and diversify their portfolios.
