Has the Australian Copper Industry valuation changed over the past few years?

Investors are optimistic on the Australian Copper industry, and appear confident in long term growth rates. The industry is trading at a PE ratio of 52.7x which is higher than its 3-year average PE of -1.1x. The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 4.4x.

How does Australian Copper compare with similar industries?

There are no additional sub-industries under this industry.

Australian (ASX) Copper Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 15 Jul 2026	AU$11.7b	AU$2.6b	AU$219.0m	44.5x	53.5x	4.5x
Fri, 12 Jun 2026	AU$11.6b	AU$2.6b	AU$211.4m	43.6x	54.9x	4.5x
Sun, 10 May 2026	AU$10.2b	AU$2.5b	AU$211.1m	44.2x	48.3x	4x
Tue, 07 Apr 2026	AU$9.2b	AU$2.6b	AU$218.8m	38.4x	41.9x	3.5x
Thu, 05 Mar 2026	AU$10.6b	AU$2.6b	AU$194.6m	44.9x	54.3x	4.1x
Sat, 31 Jan 2026	AU$10.9b	AU$2.4b	AU$105.1m	42.3x	103.8x	4.5x
Mon, 29 Dec 2025	AU$9.7b	AU$2.5b	AU$111.1m	36.6x	86.9x	3.9x
Wed, 26 Nov 2025	AU$8.2b	AU$2.6b	AU$116.9m	30.3x	70.4x	3.2x
Fri, 24 Oct 2025	AU$9.7b	AU$3.1b	AU$29.3m	30.4x	329.2x	3.2x
Sun, 21 Sep 2025	AU$6.5b	AU$2.5b	AU$107.8m	23.9x	59.8x	2.5x
Tue, 19 Aug 2025	AU$6.2b	AU$2.3b	AU$71.6m	25x	85.9x	2.6x
Thu, 17 Jul 2025	AU$5.6b	AU$2.3b	AU$71.4m	22.6x	78.5x	2.4x
Sat, 14 Jun 2025	AU$5.7b	AU$2.3b	AU$72.5m	22.6x	78.5x	2.4x
Mon, 12 May 2025	AU$5.2b	AU$2.3b	AU$73.7m	20.9x	70.1x	2.2x
Wed, 09 Apr 2025	AU$4.4b	AU$2.5b	AU$82.1m	17.3x	54.1x	1.8x
Fri, 07 Mar 2025	AU$5.7b	AU$2.4b	AU$96.0m	22.1x	58.9x	2.4x
Sun, 02 Feb 2025	AU$5.1b	AU$2.1b	-AU$111,264,249.60	n/a	-45.8x	2.4x
Tue, 31 Dec 2024	AU$4.8b	AU$2.1b	-AU$111,144,548.40	n/a	-43.6x	2.3x
Thu, 28 Nov 2024	AU$5.1b	AU$2.0b	-AU$92,911,281.60	n/a	-55.4x	2.6x
Sat, 26 Oct 2024	AU$5.4b	AU$2.0b	-AU$92,309,306.00	n/a	-58.5x	2.8x
Mon, 23 Sep 2024	AU$4.6b	AU$1.9b	-AU$95,834,972.20	n/a	-48.3x	2.4x
Wed, 21 Aug 2024	AU$4.5b	AU$1.8b	-AU$270,856,127.00	n/a	-16.5x	2.5x
Fri, 19 Jul 2024	AU$4.5b	AU$1.8b	-AU$270,762,965.00	n/a	-16.6x	2.5x
Sun, 16 Jun 2024	AU$4.4b	AU$1.8b	-AU$272,897,927.50	n/a	-16.3x	2.5x
Tue, 14 May 2024	AU$5.0b	AU$1.8b	-AU$272,991,089.50	n/a	-18.5x	2.8x
Thu, 11 Apr 2024	AU$4.6b	AU$1.8b	-AU$272,750,421.00	n/a	-16.8x	2.6x
Sat, 09 Mar 2024	AU$4.0b	AU$1.8b	-AU$270,322,647.00	n/a	-14.7x	2.2x
Mon, 05 Feb 2024	AU$13.1b	AU$3.8b	-AU$56,754,841.00	45.6x	-231.7x	3.5x
Wed, 03 Jan 2024	AU$13.2b	AU$3.7b	-AU$53,443,662.00	45.6x	-247.8x	3.6x
Fri, 01 Dec 2023	AU$12.6b	AU$3.8b	-AU$55,764,582.00	45.6x	-226.5x	3.4x
Sun, 29 Oct 2023	AU$12.6b	AU$3.8b	-AU$59,008,712.00	45.6x	-214.2x	3.3x
Tue, 26 Sep 2023	AU$12.7b	AU$3.8b	-AU$56,264,094.00	45.6x	-225.2x	3.3x
Thu, 24 Aug 2023	AU$12.9b	AU$4.1b	AU$144.3m	55.2x	89.7x	3.2x
Sat, 22 Jul 2023	AU$12.9b	AU$4.0b	AU$142.1m	54.4x	90.6x	3.2x


AU Market	0.05%
Materials	-1.05%
Metals and Mining	-0.97%
Copper	1.10%
Steel	3.23%
Silver	1.15%
Diversified Metals and Mining	-1.39%
Precious Metals and Minerals	-2.19%
Gold	-2.31%
Aluminum	-9.19%

Company	Last Price	7D	1Y	Valuation
SFR Sandfire Resources	AU$19.02	4.0% +AU$349.0m	72.4%	PE45.1x
FFM FireFly Metals	AU$1.84	5.1% +AU$69.2m	62.8%	PB2.9x
AIS Aeris Resources	AU$0.40	14.5% +AU$59.9m	113.5%	PE7.4x
HGO Hillgrove Resources	AU$0.066	6.5% +AU$14.1m	78.4%	PE2532.7x
HCH Hot Chili	AU$1.56	2.0% +AU$6.1m	141.1%	PB1.4x

Announcement • Jul 02

Firefly Metals Ltd Reports Exceptional Assay Results and Updates Mineral Resource At Green Bay Copper-Gold Project

FireFly Metals Ltd. announced more exceptional drilling results that demonstrate the strong continuity of the high-grade mineralisation at the Green Bay Copper-Gold Project in Newfoundland and Labrador, Canada. Latest assays such as 42m @ 6.1% CuEq and 9.8m @ 16.5% CuEq, which demonstrate the outstanding continuity of the high-grade zone, will feed into the impending economic studies. Drilling returns more exceptional results which extend the high-grade core zone and confirm the strong continuity of the mineralisation. Given the strength of the results, FireFly Metals Ltd. will incorporate them into an updated resource model underpinning the economic studies; This means these studies will now be completed in July-August 2026. The results, generated primarily from infill drilling, will be reflected in the Measured & Indicated Resource category; This category is central to the economic studies. The results are particularly important because they demonstrate the strong continuity and grade of the high-grade core zone, which will be a key input to the upcoming economic studies. The assays continue to demonstrate strong continuity of mineralisation across the upper copper-gold Volcanogenic Massive Sulphide (VMS) lenses, the footwall stringer-style copper zone and the rich high-grade core zone which lies between the two. Drilling in the +800m-long high-grade core zone has returned more continuous thick intersections including: 42.0m @ 6.1% copper equivalent (CuEq) (4.7% Cu & 1.4g/t Au) including a high-grade VMS zone of 9.8m @ 16.5% CuEq (12.7% Cu & 4.0g/t Au) (~ true thickness) in hole MUG26-053; 51.5m @ 4.9% CuEq (4.0% Cu & 0.9g/t Au) including an upper zone grading 17.0m @ 9.1% CuEq (7.5% Cu & 1.7g/t Au) (~ true thickness) in hole MUG26-054; 50.2m @ 4.0% CuEq (3.5% Cu & 0.4g/t Au) in hole MUG26-036; 34.4m @ 5.0% CuEq (3.8% Cu & 1.2g/t Au) including an upper zone grading 14.3m @ 7.6% CuEq (5.2% Cu & 2.5g/t Au) (~ true thickness) in hole MUG26-028. The high-grade core zone remains open with the deepest hole drilled to date returning 49.0m @ 6.1% CuEq. The upper VMS zones also continue to deliver spectacular copper and gold intersections, including: 20.7m @ 7.7% CuEq (5.9% Cu & 1.9g/t Au) in hole MUG26-013 (~ true thickness); 13.6m @ 6.8% CuEq (5.7% Cu & 1.1g/t Au) in hole MUG26-029(~ true thickness); 17.8m @ 6.7% CuEq (5.4% Cu & 1.4g/t Au) in hole MUG25-279 (~ true thickness); 25.9m @ 6.4% CuEq (5.5% Cu & 1.0g/t Au) in hole MUG26-044(~ true thickness); 18.6m @ 6.1% CuEq (4.5% Cu & 1.7g/t Au) in hole MUG26-038 (~ true thickness); 9.2m @ 6.1% CuEq (1.8% Cu & 4.9g/t Au) in hole MUG25-281 (~ true thickness). Significant intersections were also returned from close-spaced drilling in the footwall zone stringer-style mineralisation. These include: 35.7m @ 3.3% CuEq (3.1% Cu & 0.2g/t Au) in hole MUG25-278 (~ true thickness); 25.3m @ 3.8% CuEq (3.5% Cu & 0.3g/t Au) in hole MUG26-008 (~ true thickness); 43.5m @ 3.0% CuEq (2.6% Cu & 0.4g/t Au) in hole MUG25-285 (~ true thickness). The current Green Bay Mineral Resource currently stands at 50.4Mt @ 2.0% CuEq in the Measured & Indicated (M&I) category and a further 29.3Mt @ 2.5% CuEq in the Inferred category. The high-grade core zone contains 8.8Mt @ 3.9% CuEq of M&I, and an additional 10.9Mt @ 3.8% CuEq of Inferred, Mineral Resource. Six rigs continue to operate underground at the Ming Mine. Regional exploration continues with drilling of geophysical targets; Maiden drilling has commenced at the Tilt Cove project. The Company is well funded to achieve its growth objectives with approximately AUD 219.9 million in cash and liquid investments as at 31 March 2026. Recent drilling has continued to focus on upgrading the existing Mineral Resource as part of the economic studies on the upscaled restart of mining at Green Bay. Infill drilling of the high-grade convergent core zone (Core Zone) continues to return exceptional copper and gold intersections over considerable thicknesses. Latest results from the Core Zone include 42.0m @ 6.1% CuEq and 51.5m @ 4.9% CuEq further demonstrating continuity of what is shaping as an economically significant part of future mining plans being considered in the upcoming economic studies. The Core Zone has a current Mineral Resource of 8.8Mt @ 3.9% CuEq M&I and 10.9Mt @ 3.8% CuEq Inferred with significant potential to grow. The deepest hole drilled to date returning an intersection of 49.1m @ 6.1% CuEq. Drilling of the VMS lodes has confirmed the presence of strong copper and gold mineralisation to the west and down-plunge of existing mine development. This is significant because the strike width of the sulphide horizons now extends beyond 400m in places and significantly enhances the copper tonnes per vertical metre in the deposit. Recent intersections include 20.7m @ 7.7% CuEq, 17.8m @ 6.7% CuEq and 25.9m @ 6.4% CuEq. Select holes were extended to test mineralisation in the lower footwall zone that hosts copper stringer-style mineralisation. Results returned included thick high-grade zones of 25.3m @ 3.8% CuEq, 35.7m @ 3.3% CuEq and 43.5m @ 3.0% CuEq. The drill results reported in this announcement will be incorporated into an updated mid-year Mineral Resource Estimate (MRE). The current MRE for the Green Bay project stands at 50.4Mt @ 2.0% CuEq M&I and 29.3Mt @ 2.5% CuEq Inferred. The mid-year MRE upgrade will underpin the Preliminary Economic Assessment (PEA) /Scoping Study that is nearing completion. The study is anticipated for release in July-August 2026 to enable the recent drilling and the upgraded MRE to be incorporated into the mine plan and project economics. This assessment will highlight multiple potential development scenarios for the future operation at Green Bay. Drilling continues underground with six rigs focused on a combination of both infill drilling and extending the known Mineral Resource in the high-grade VMS zones. Regional exploration is starting to accelerate following the winter period. Until recently, work has focused on target generation utilising both geophysics, prospecting and historic data compilation. Two surface rigs are currently testing geophysical anomalies at Green Bay. Maiden drilling at the Company’s Tilt Cove project has commenced. FireFly Metals Ltd. is well funded to continue its growth drilling, economic studies and pre-construction early works activities. The Company has approximately AUD 219.9 million in cash and liquid investments as at 31 March 2026. Drilling at the Ming underground copper-gold mine recommenced following FireFly Metals Ltd’s acquisition of the Green Bay Copper-Gold Project in October 2023. In total, FireFly Metals Ltd. has completed approximately 192,000m of underground diamond drilling up to 31 May 2026.

Australian (ASX) Copper Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Hillgrove Resources Limited to Report Q2, 2026 Results on Jul 21, 2026

Price target decreased by 9.2% to AU$0.67

SFR: Copper Demand And Higher Margins Will Support Future Upside Potential

Culpeo Minerals Limited has announced a Derivatives Offering in the amount of AUD 0.595042 million.

Firefly Metals Ltd Reports Exceptional Assay Results and Updates Mineral Resource At Green Bay Copper-Gold Project

Hot Chili Limited Reports Strong Copper-Gold Drill Results at La Verde Project

Price target increased by 13% to AU$0.85

Independent Non-Executive Director recently bought AU$60k worth of stock

Revolver Resources Holdings Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.825 million.