Commodity prices have experienced significant growth recently, driven by concerns about currency debasement, geopolitical instability, and ongoing supply deficits. As a result, investors are increasingly looking toward real assets, prompting a notable interest in commodity-linked stocks. This article highlights five companies well-positioned to benefit from the current market dynamics.
Surging Commodity Prices Set the Stage
At the beginning of the year, commodity prices surged to record highs, with gold exceeding $5,000 per ounce, silver surpassing $100 per ounce, and copper nearing $6.00 per pound. Recent profit-taking has led to a pullback, but the fundamental factors supporting these prices remain strong. Amid this backdrop, commodity-linked stocks present leveraged opportunities as they offer exposure to rising prices while showcasing operational strength and growth potential.
Top Commodity-Linked Stocks for 2025
The following five companies stand out as compelling investment opportunities for those looking to capitalize on the ongoing commodity rally.
Agnico Eagle Mines (NYSE: AEM) boasts a year-to-date return of 27.1% and a market cap of $108.2 billion. As a prominent Canadian gold producer, it is poised to thrive as gold prices remain elevated. Central bank purchases, geopolitical risks, and a weakened U.S. dollar support this trend. Agnico’s operations in stable jurisdictions, including Canada, Australia, and Finland, allow it to maintain competitive all-in sustaining costs, securing substantial margins from the gold rally. Analysts project a price target of $276.00, suggesting a potential upside of 28.3% from the current trading price of $215.51.
Another notable contender is Hecla Mining Company (NYSE: HL), which has seen a remarkable year-to-date return of 37.1% and a market cap of $17.6 billion. Recognized as the largest primary silver producer in the U.S. and Canada, Hecla benefits from silver’s recent surge above $100 per ounce. Factors contributing to this rapid growth include persistent supply deficits, export restrictions from China, and soaring industrial demand in sectors such as solar energy, electric vehicles (EVs), and artificial intelligence. In the third quarter of 2025, Hecla reported record revenue of $409.5 million, a 67% year-on-year increase, with silver accounting for 48% of its sales.
Freeport-McMoRan (NYSE: FCX), with a year-to-date return of 28.4% and a market cap of $93.5 billion, is a leading global copper producer. The surge in copper prices, exceeding $6 per pound, is driven by demand from AI data centers, electric vehicles, and infrastructure spending amid supply constraints. Although Freeport has revised its 2026 copper sales guidance to 3.4 billion pounds, it anticipates significant supply increases in the Americas, potentially generating 2.5 billion pounds of new supply by 2028. Analysts foresee price targets reaching as high as $15,000-$17,000 per ton.
In the oil sector, ConocoPhillips (NYSE: COP) has recorded a year-to-date return of 9.8% and holds a market cap of $127 billion. The company stands to benefit from the dynamics of OPEC+, U.S.-Iran geopolitical tensions, and the increasing demand for energy commodities amid currency debasement. With a focus on high-margin regions like the Permian and Eagle Ford basins, ConocoPhillips is well-positioned for profitability as crude prices rise. Analysts have set a mean target price of $113.18, indicating a potential upside of 10% from its current price of $102.80.
Finally, Teekay Tankers (NYSE: TNK), specializing in crude oil transportation, has shown a year-to-date return of 20.1% with a market cap of $2.2 billion. The company has capitalized on elevated shipping rates driven by oil price fluctuations and increased demand for floating storage. In the third quarter of 2025, Teekay reported adjusted earnings per share of $1.54, exceeding estimates by 22%. With a free cash flow yield of 33.1% and a dividend yield of 3.1%, Teekay Tankers is well-positioned for continued profit growth as oil prices trend upward.
Investors are increasingly turning to these commodity-linked stocks as a hedge against economic uncertainty and a means to capitalize on rising prices. The operational strengths and financial health of these companies make them attractive options in a volatile market.
Disclosure: This article is not intended as financial advice. It is recommended that readers conduct their own research before making investment decisions. The author holds positions in various ETFs and individual stocks, and the views expressed are solely those of the author. For more insights, follow Jesse Cohen on X/Twitter @JesseCohenInv.
