The world is inveterate to copper and copper is an indispensable part of our lives. From the infrastructure to electronics and automotive sector, it is a necessary component as copper is one of the few elements that generate electricity and resist heat. With this in mind, here are the top 5 copper stocks on the Toronto Stock Exchange in 2023:
1. TSX: Northern Shield Resources Inc. (TSX:NRN)
Developed by Northern Shield Resources Inc., this stock is in the copper exploration and production sector. The company has extensive mining rights in The North Atlantic region that plays a crucial part in the copper industry. Its shares are traded on the Toronto Stock Exchange, and it has great potential to attract more investors. Besides, it has a variety of projects that are active in both Canada and the United States.
2. TSX: KWG Resources Inc. (TSX:KWG)
Considered a mini-major, KWG Resources Inc. is another copper exploration and production company in the Toronto Stock Exchange. Having been in the copper industry for almost a decade, the company is driven by a goal to generate sustainable returns by developing and managing valuable copper investments. It has a portfolio of mineral licenses across Ontario, and its objective is to continue developing its properties to realize even greater value.
3. TSX: Teck Resources Limited (TSX: TEC)
Teck Resources Limited is one of the top Canadian integrated resource companies, and its activities focus on developing and exploring natural resources in Canada. The company is well-positioned in the copper industry, and it has immense potential to achieve greater success. Its stock is listed on the Toronto Stock Exchange and it’s a great choice for investors looking to diversify their portfolio.
4. TSX: First Quantum Minerals Ltd. (TSX: FM)
First Quantum Minerals Ltd. is one of the major producers of copper in Europe and Africa. It has operations in the United States, Zambia, and Angola, and its main products are copper and nickel. It has explored and developed exceptional copper-producing assets, which makes it a dependable stock to add to any portfolio. What’s more, all of its operations are managed in compliance with the highest environmental standards to ensure sustainability.
5. TSX: Option Fabric Inc. (TSX: OAO)
Option Fabric Inc. is a major copper producer and explorer based in Canada. It has operations in the United States and its primary objective is to discover and develop new and existing copper deposits. This stock offers great potential for investors looking to diversify, and it’s listed on the Toronto Stock Exchange. With all these facts in mind, it’s great choice for those looking to invest in copper.
In conclusion, these are the top 5 copper stocks on the Toronto Stock Exchange in 2023. If you plan to add some of these stocks to your portfolio, make sure to research them thoroughly and consider other factors like risk management, Bros and Consultancies to ensure you get the most out of your investments.