Copper industry stocks

10 companies in the Copper industry. 7 have a published intrinsic value and 3 trade at least 20% below it.

The median company in Copper with a published value trades 20% above our estimate of intrinsic value.

Values as of the 30 Oct 2026 close.

Most undervalued stocks in Copper

Teck Resources Ltd (TECK): undervalued, +53% margin of safety
Hudbay Minerals Inc (HBM): undervalued, +40% margin of safety
Ero Copper Corp (ERO): undervalued, +29% margin of safety

Liquid names only: at least $1M traded a day and $50M of market value.

Largest companies in Copper

Southern Copper Corp (SCCO): overvalued, -20% margin of safety
Freeport-McMoRan Inc (FCX): overvalued, -120% margin of safety
Teck Resources Ltd (TECK): undervalued, +53% margin of safety
Hudbay Minerals Inc (HBM): undervalued, +40% margin of safety
Ero Copper Corp (ERO): undervalued, +29% margin of safety
Trekor Metals Ltd (TGB): overvalued, -434% margin of safety
Ivanhoe Electric Inc (IE): overvalued, -25% margin of safety
Lion Copper Corp (LCU): no published value
Idaho Copper Corp (COPR): no published value
Gunnison Copper Corp ADR (GUNN): no published value

Other Basic Materials industries