Looking to invest in some copper mining stocks in hopes of making a large chunk of profit in the future? To ensure your chances of making a pretty penny, you should only choose the best copper mining stocks. Yet, what qualities make a great stock?
Product desire is a necessity when it comes to investing in stocks. If products turn out to hypes and won’t be coveted in the future, that’s money down the drain. You need to choose a stock that provides products that people will continue buying for many years to come.
Competitor advantage is something you should consider as well. What if the stocks that you’re investing in now are a waste of money when other competitors ensure no customers for the business that you’re investing in? Make sure you choose a company that has advantage over competitors, such as well-known brand names.
It’s always best if you pick a company that has market leadership. These leaders determine the pace of their industries and have all the required resources to keep their position as the best.
#1 BHP Billiton (NYSE symbol: BHP.)
BHP Billiton is an Australian company that produces copper ore and copper products. In fact, this company is one of the top five copper ore and product producers for not only their continent, but the entire world as well. Along with their many mines, this company is creating new mines to increase their profit.
As a copper mining giant, this company is great to invest in because of their leadership in the copper industry and the fact that they’re still going strong. Judging by the fact that they’re already developing new mines, it doesn’t look like this company will be going away any time soon.
#2 Freeport-McMoRan (NYSE symbol: FCX.)
Freeport-McMoRan is a company that offers dividends to their shareholders, which is a definite plus. This company, known for being one of the largest world-wide producers of copper as well as other metals, has mines in both South and North America. The minerals extracted from each of their mines are for commercial use only.
#3 The Newmont Mining Corporation (NYSE symbol: NEM.)
The Newmont Mining Corporation is big producer when it comes to copper ore and copper materials, which include bars and wiring products. This company is Colorado-based and is one of the biggest copper producers in the United States. This company has mines in more than three continents and also extracts gold.