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Five Best Copper Stocks to Buy Now | Copper Mining Stocks 2022 - YouTube
Channel: Stocks Telegraph
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[Music]
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this is the right time to jump into the
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copper market
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its demand is rising and is well on
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track to double by 2030.
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the main driver is the energy transition
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copper is a crucial metal for the
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electrification of the transportation
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sector and renewable energy
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according to the u.s geological survey
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it is the third most consumed industrial
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metal in the world
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the forecast suggests that copper prices
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could be much higher in the coming years
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we have gathered the five best copper
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stocks to buy now
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considering the long-term prospects
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investors have a big opportunity to
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register their gains in the copper
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industry but before moving forward if
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you're new to our channel make sure to
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subscribe to it and click the
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notification button for timely updates
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let's waste no further time and kick off
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with our first copper stock
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bhp group limited is the first copper
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stock on our list having the ticker bhp
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bhp group is a leading global natural
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resource producer based in australia
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it mines copper iron ore nickel
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metallurgical coal and potash
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the company also produces oil and
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natural gas although it's merging those
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operations with woodside petroleum in a
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deal that should close in 2022
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bhp operates several copper mines in
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chile and one in australia
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its business produced 1.7 million tons
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of copper in 2020 which is enough to
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provide material for more than 420 000
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wind turbines
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the company is investing heavily to
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expand its copper production to meet
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growing demand
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bhp recently completed an expansion of
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its spence copper mine in the chilean
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desert to add 185 000 tons per year
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it hopes to increase its annual copper
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output by 300 000 tonnes over the next
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five years bhp has also secured several
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long-term exploration partnerships and
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early stage growth opportunities
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the aim is to help meet the projected
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increase in copper demand in the coming
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years the company is well on track
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the revenues for the first half of
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fiscal 2022 totaled 30.5 billion dollars
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up 27 year-over-year
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bhp aims for a minimum dividend payout
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ratio of 50 of its cash flow
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it often pays out additional dividends
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from its excess cash and repurchases
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shares
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bhp looks like a great buy second copper
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stock on our list is freeport mcmaran
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having the ticker fcx
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freeport mcmaran is one of the world's
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largest publicly traded copper producers
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it also produces gold and molybdenum an
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element used in high-strength steel
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alloys
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the crown jewel of freeport's portfolio
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is the grassberg mine in indonesia
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it is one of the world's largest single
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copper and gold sources
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freeport also operates large-scale mines
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in arizona and peru freeport's largest
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near-term copper growth driver involves
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the ramp-up of underground mining
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activities at grassberg
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it was expected to produce an average of
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1.55 billion pounds of copper annually
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the company has several other
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longer-term growth drivers including
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expansions in arizona chile and
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indonesia the company's growing copper
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production should support increasing
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cash returns to shareholders
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freeport has set a framework to use as
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much as 50 of its excess cash flow for
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shareholder returns including dividends
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and share repurchases
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in the recent fourth quarter results
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freeport recorded a net income of 1.1
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billion dollars up from 708 million
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dollars year-over-year
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while revenues rose roughly 37
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year-over-year to 610
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million dollars
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with the increasing demand for copper
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fcx is in a great position to dominate
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the market
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if you're still with us please do like
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this video and share your thoughts in
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the comments below
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third copper stock on our list is vale
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having the ticker v-a-l-e
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vale is a multi-national brazilian
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corporation that engages in metals and
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mining
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it also owns one of the largest
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logistics operators in brazil
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aside from logistics and mining the
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company also has a steel making and
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energy business
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in brief it has a portfolio of power
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supply contracts and self-generation
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consisting mainly of renewable energy
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sources
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according to sturtista the company
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produced approximately 360 000 metric
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tons of copper in 2020.
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last month the company announced the
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sale of its coal assets
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it has entered into a binding agreement
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with vulcan minerals to sell the motei's
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coal mine and the nacala logistics
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corridor for total proceeds of 270
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million dollars recently the company
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reported fourth quarter 2021 outcomes
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vale made an adjusted earnings per share
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of 1.42
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which surpassed the zak's consensus
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estimate of 85 cents
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the bottom line improved 30 from 1.09
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in the prior year quarter vale being a
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profitable company and well established
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in the mining business can be a good buy
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moreover with the rising demand for
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copper vale expects to improve its
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results in the coming quarters fourth
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copper stock on our list is southern
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copper corporation having the ticker
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scco
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southern copper is one of the largest
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integrated copper producers in the world
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and operates copper mines in mexico and
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peru
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the company is owned by grouper mexico a
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conglomerate focused on mining
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transportation and infrastructure
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southern copper is currently the fifth
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largest copper producer in the world
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in the near term the company expects its
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production to decline as legacy reserves
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deplete
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however over the longer term southern
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copper sees significant production
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growth
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by 2029 it anticipates increasing
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production by 82 from its 2019 level
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the company has approved several
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large-scale expansion projects that
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should drive long-term copper growth
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it expects to invest an average of 1.7
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billion dollars annually over the coming
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decade to increase its copper production
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even with increased investments southern
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copper aims to continue paying out a
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sizable portion of its earnings via
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dividends in the recent fourth quarter
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results the company posted earnings of
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one dollar and eight cents per share
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just missing the consensus estimate by
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four cents the bottom line improved 42
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from the prior year quarter primarily
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driven by higher sales
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the net sales were reported around
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2823.7 million dollars up 20
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year-over-year
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sales topped the x consensus estimate of
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2605 million dollars
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overall scco is a great copper stock
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it is profitable and long-term growth
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looks solid last copper stock on our
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list is rio tinto group having the
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ticker rio
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rio tinto is a diversified global mining
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company based in the uk
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it produces aluminium copper diamonds
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gold uranium and other metals
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it also produces other basic materials
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including borates lithium salt and
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titanium dioxide the company's copper
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business consists of two large-scale
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mining operations
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ou tolgoy in mongolia is one of the
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biggest known copper and gold deposits
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in the world
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rio tinto has an interest in the mine
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through its majority stake in turquoise
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hill resources
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they are working on completing an
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underground mining project to increase
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production
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by 2030 ou tolgoy should be the world's
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fourth largest copper mine
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rio tinto also operates the kennecott
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mine in utah the largest man-made
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excavation in the world in addition to
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its mining operations rio tinto has
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several growth projects including
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resolution copper in the us and wainu in
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australia
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the recently discovered why new copper
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and gold resource has the potential to
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become a large-scale mining operation
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rio tinto's growing copper production
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should enable it to continue paying
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attractive dividends
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the company aims to return 40 to 60 of
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its earnings to investors via dividends
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each year on top of its growth in the
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copper sector the company is well into
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the lithium business
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this adds an extra edge to rio
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by the end of 2021 rio signed a binding
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agreement to project in argentina from
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rincon mining
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the company will gain access to a large
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undeveloped lithium brine project via
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the 825 million dollar deal
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therefore rio looks like a promising
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copper stock to buy
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that was it from this video we hope
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