Copper is a vital metal used in various industries, including construction, electronics, and transportation. In recent years, Australian Copper Stocks have gained attention from investors worldwide. Here are the top 5 Australian copper stocks you might not be familiar with:
[Note]: The Market Cap and Dividend yield of the selected ASX companies mentioned are based on 20 March 2024.
1 BHP Group (ASX: BHP):
Market Capitalization: $222.80 Billion
Annualized Dividend Yield: 5.95%
BHP is a leading global resources company with a significant copper portfolio, including the world-class Escondida mine in Chile. Its diversified operations and strong balance sheet make it a stable investment choice.
2 Rio Tinto (ASX: RIO):
Market Capitalization: $45.18 Billion
Annualized Dividend Yield: 4.83%
Another major player in the mining industry, Rio Tinto has several copper assets, including the Kennecott copper mine in the United States. With a focus on sustainable practices, Rio Tinto is well-positioned for long-term growth.
3 Sandfire Resources (ASX: SFR):
Market Capitalization: $3.87 Billion
Annualized Dividend Yield: N/A
Sandfire is an Australian copper producer with the DeGrussa copper-gold mine in Western Australia. With a strong track record of exploration success, Sandfire offers growth potential for investors.
4 South32 Limited (ASX: S32):
Market Capitalization: $13.7 Billion
Annualized Dividend Yield: 4.11%
South32 has interests in several copper mines, including the Cannington mine in Queensland. The company's diversified portfolio also includes other base metals and coal assets.
5 Aeon Metals Limited (ASX: AML):
Market Capitalization: $8.77 Billion
Annualized Dividend Yield: N/A
Aeon Metals is an exploration company focused on copper and cobalt projects in Queensland. With promising drill results, Aeon Metals offers speculative investors an opportunity for high returns.
Before investing in any stock, it's important to conduct thorough research and consider your risk tolerance and investment goals. While copper stocks offer growth potential, they also come with inherent risks, such as commodity price volatility and operational challenges. Diversifying your investment portfolio across various asset classes can help mitigate these risks and maximize returns over the long term.
Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.