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Canadian (TSX) Copper Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies42
  • 7D12.7%
  • 3M1.9%
  • 1Y140.5%
  • YTDn/a

Lundin Mining is up 12%, leading the way for the Copper industry, which has gained 13%. In the same time, Lion Copper and Gold was down 11%. This takes the industry's 12 month performance to a gain of 141%. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026CA$85.0bCA$18.7bCA$2.1b10.2x39.6x4.6x
Sun, 01 Mar 2026CA$102.0bCA$17.7bCA$1.9b25.4x52.6x5.8x
Tue, 27 Jan 2026CA$92.7bCA$17.0bCA$898.1m26.5x103.2x5.5x
Thu, 25 Dec 2025CA$80.5bCA$17.0bCA$890.3m22.6x90.4x4.7x
Sat, 22 Nov 2025CA$63.3bCA$17.4bCA$928.2m19.1x68.2x3.6x
Mon, 20 Oct 2025CA$62.9bCA$16.7bCA$784.4m80x80.2x3.8x
Wed, 17 Sep 2025CA$52.8bCA$16.4bCA$770.0m68.6x68.6x3.2x
Fri, 15 Aug 2025CA$47.7bCA$16.5bCA$762.4m63.5x62.6x2.9x
Sun, 13 Jul 2025CA$44.6bCA$16.0bCA$407.1m66.3x109.5x2.8x
Tue, 10 Jun 2025CA$42.6bCA$16.0bCA$407.4m67.7x104.6x2.7x
Thu, 08 May 2025CA$36.5bCA$15.9bCA$219.3m59.5x166.6x2.3x
Sat, 05 Apr 2025CA$33.9bCA$15.8b-CA$17,602,238.9837x-1926.7x2.2x
Mon, 03 Mar 2025CA$35.9bCA$15.9bCA$72.4m61.2x495.7x2.3x
Wed, 29 Jan 2025CA$36.5bCA$16.7b-CA$1,812,989,403.7225.6x-20.1x2.2x
Fri, 27 Dec 2024CA$36.9bCA$16.7b-CA$1,808,089,976.2924.3x-20.4x2.2x
Sun, 24 Nov 2024CA$39.7bCA$16.3b-CA$1,756,071,499.8733.5x-22.6x2.4x
Tue, 22 Oct 2024CA$40.0bCA$16.8b-CA$1,737,329,366.8741.2x-23x2.4x
Thu, 19 Sep 2024CA$36.8bCA$16.6b-CA$1,707,511,619.2630x-21.5x2.2x
Sat, 17 Aug 2024CA$36.6bCA$16.6b-CA$1,744,689,005.0742.6x-21x2.2x
Mon, 15 Jul 2024CA$42.1bCA$16.3b-CA$1,663,372,990.5638.3x-25.3x2.6x
Wed, 12 Jun 2024CA$38.8bCA$16.4b-CA$1,677,748,272.3433.9x-23.1x2.4x
Fri, 10 May 2024CA$40.8bCA$16.4b-CA$1,681,175,801.4036.5x-24.3x2.5x
Sun, 07 Apr 2024CA$37.2bCA$16.7b-CA$1,124,242,191.7317.2x-33.1x2.2x
Tue, 05 Mar 2024CA$29.6bCA$16.6b-CA$1,218,128,357.0824.6x-24.3x1.8x
Thu, 01 Feb 2024CA$27.0bCA$17.2bCA$983.0m19.3x27.4x1.6x
Sat, 30 Dec 2023CA$25.4bCA$17.0bCA$967.6m19.2x26.3x1.5x
Mon, 27 Nov 2023CA$24.5bCA$17.5bCA$996.0m15.9x24.6x1.4x
Wed, 25 Oct 2023CA$34.3bCA$16.5bCA$841.9m15.2x40.8x2.1x
Fri, 22 Sep 2023CA$38.8bCA$16.3bCA$826.5m18.6x46.9x2.4x
Sun, 20 Aug 2023CA$39.6bCA$16.4bCA$817.1m23.1x48.5x2.4x
Tue, 18 Jul 2023CA$42.3bCA$16.3bCA$692.8m27.9x61x2.6x
Thu, 15 Jun 2023CA$38.9bCA$16.4bCA$702.5m26.3x55.4x2.4x
Sat, 13 May 2023CA$38.7bCA$16.7bCA$701.0m24x55.2x2.3x
Mon, 10 Apr 2023CA$38.0bCA$17.6bCA$1.5b15.5x24.5x2.2x
Price to Earnings Ratio

24.5x


Total Market Cap: CA$38.0bTotal Earnings: CA$1.5bTotal Revenue: CA$17.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -58.7x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Copper industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 39.6x which is higher than its 3-year average PE of -58.7x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have grown 11% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does Canadian Copper compare with similar industries?

CA Market3.76%
Materials11.93%
Metals and Mining13.14%
Copper12.71%
Silver16.41%
Gold14.31%
Precious Metals and Minerals11.80%
Diversified Metals and Mining7.95%
Steel1.64%
Aluminum0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LUN Lundin MiningCA$35.0412.2%
+CA$3.3b		229.9%PE20.6x
FM First Quantum MineralsCA$34.5912.1%
+CA$3.1b		91.1%PS3.9x
CS Capstone CopperCA$10.9915.8%
+CA$1.1b		69.9%PE19.1x
ERO Ero CopperCA$39.0615.1%
+CA$532.9m		146.6%PE11.1x
TKO Taseko MinesCA$9.2514.9%
+CA$438.6m		220.1%PS5x

Latest News

ERO
CA$39.06
Ero Copper
7D
15.1%
1Y
146.6%
TKO
CA$9.25
Taseko Mines
7D
14.9%
1Y
220.1%

TKO: Future Media Partnerships Will Likely Outrun Already Rich Expectations

The analyst price target for Taseko Mines has been revised from approximately CA$10.57 to CA$12.61. Analysts attribute this change to updated assumptions, including a higher fair value estimate, a slightly higher discount rate, more conservative revenue growth forecasts, improved profit margin expectations, and a lower future P/E multiple.
FMT
CA$10.50
Fuerte Metals
7D
12.2%
1Y
1,246.2%
REDC
CA$0.17
Red Canyon Resources
7D
-10.3%
1Y
12.9%
OCO
CA$0.40
Oroco Resource
7D
-1.3%
1Y
-4.8%
FM
CA$34.59
First Quantum Minerals
7D
12.1%
1Y
91.1%
LUN
CA$35.04
Lundin Mining
7D
12.2%
1Y
229.9%

LUN: Future Returns Will Reflect Copper Exposure And Caserones Expansion

The analyst price target for Lundin Mining is now CA$38.54, up from CA$37.25. This change reflects a series of recent target revisions as analysts factor in updated growth, margin and P/E assumptions.
III
CA$8.08
Imperial Metals
7D
12.4%
1Y
217.5%
CS
CA$10.99
Capstone Copper
7D
15.8%
1Y
69.9%

CS: Later Mantoverde Inflection Will Support Future Margin Upside Potential

Capstone Copper's updated narrative reflects a modest reset in analyst expectations, with recent Street research trimming individual price targets into a CA$15.50 to CA$19.00 range as analysts factor in lower projected revenue growth, higher discount rates, and a later production and cost inflection tied to Mantoverde, while still assuming stronger profit margins and a lower future P/E multiple. Analyst Commentary Recent research on Capstone Copper reflects a more cautious tone, with several bearish analysts trimming price targets and rethinking how much execution risk and timing risk to build into their models.
ALTN
CA$0.13
Aeonian Resources
7D
-19.4%
1Y
n/a
CPER
CA$0.06
CopperCorp Resources
7D
-7.7%
1Y
-36.8%

Copper: Slowing Chinese Demand Meets Rising Supply

Mar 16
BCU
CA$0.06
Bell Copper
7D
-25.0%
1Y
71.4%
ASCU
CA$7.23
Arizona Sonoran Copper
7D
14.9%
1Y
231.7%
LVX
CA$0.58
Leviathan Metals
7D
-1.7%
1Y
213.5%
AVE
CA$0.18
Aventis Energy
7D
-5.3%
1Y
71.4%
LEO
CA$0.38
Lion Copper and Gold
7D
-10.6%
1Y
245.5%