From Yahoo Finance: 2025-04-04 19:06:00

In a list of the 10 Best Copper Stocks to Buy According to Wall Street Analysts, Barrick Gold Corporation (NYSE:GOLD) stands out. The U.S. copper market has seen significant growth, with prices reaching $5.02 per pound by the end of March 2025, a 26% increase from global prices. This surge is attributed to recent tariff increases by the U.S. administration, with an average tariff rate of 23%.

The implementation of new tariffs has impacted the import and export of goods in the U.S., leading to a rush to import copper before new tax rates take effect. This influx has caused domestic copper prices to surge. Despite short-term market reactions, the long-term outlook for copper remains robust, with a projected 70% growth in global demand by 2050 due to renewable energy technologies and electric vehicles.

Investors are increasingly looking to add copper stocks to their portfolios, considering the potential for both immediate and long-term gains. Barrick Gold Corporation (NYSE:GOLD), a Toronto-based company, is among the largest gold mining firms globally and produces significant amounts of copper. The company has a joint venture with Newmont in Nevada and serves various markets, including investment, jewelry, and industrial sectors.

Barrick Gold Corporation (NYSE:GOLD) reported a 30% increase in EBITDA in its recent quarter results and expects gold production between 3.15 and 3.5 million ounces in 2025, with a focus on copper reserves. With moderate institutional support and an upside potential of 22.19%, GOLD is considered one of the best copper stocks to buy. However, the potential for higher returns in AI stocks may be more promising in the current market climate.



Read more at Yahoo Finance: Is Barrick Gold Corporation (GOLD) the Best Copper Stock to Buy According to Wall Street Analysts?