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Canadian (TSX) Copper Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies41
  • 7D4.1%
  • 3M40.0%
  • 1Y153.8%
  • YTDn/a

Over the last 7 days, the Copper industry has risen 3.8%, driven by gains from Lundin Mining of 14%. During this same period, the Capstone Copper underperformed, falling 12%. This takes the industry's 12 month performance to a gain of 152%. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026CA$93.6bCA$17.7bCA$1.9b22.7x48.2x5.3x
Tue, 20 Jan 2026CA$91.8bCA$17.2bCA$908.7m24.1x101x5.3x
Thu, 18 Dec 2025CA$75.3bCA$17.1bCA$905.2m20.9x83.2x4.4x
Sat, 15 Nov 2025CA$67.3bCA$17.4bCA$959.0m21.3x70.2x3.9x
Mon, 13 Oct 2025CA$64.8bCA$16.7bCA$783.8m84.5x82.6x3.9x
Wed, 10 Sep 2025CA$50.6bCA$16.5bCA$775.9m65.6x65.2x3.1x
Fri, 08 Aug 2025CA$44.7bCA$16.3bCA$650.5m64.1x68.8x2.7x
Sun, 06 Jul 2025CA$47.2bCA$15.9bCA$404.6m71.7x116.7x3x
Tue, 03 Jun 2025CA$39.2bCA$16.0bCA$408.9m63x95.8x2.4x
Thu, 01 May 2025CA$36.1bCA$15.5bCA$177.2m44.3x203.5x2.3x
Sat, 29 Mar 2025CA$39.7bCA$15.9b-CA$4,457,085.9849.6x-8912x2.5x
Mon, 24 Feb 2025CA$35.9bCA$15.7bCA$47.9m77.6x748.7x2.3x
Wed, 22 Jan 2025CA$39.5bCA$16.6b-CA$1,805,552,067.1627.7x-21.9x2.4x
Fri, 20 Dec 2024CA$35.0bCA$16.7b-CA$1,805,619,175.1523.4x-19.4x2.1x
Sun, 17 Nov 2024CA$37.3bCA$16.4b-CA$1,769,592,811.3633.1x-21.1x2.3x
Tue, 15 Oct 2024CA$40.5bCA$16.7b-CA$1,728,289,336.7146.2x-23.4x2.4x
Thu, 12 Sep 2024CA$33.7bCA$16.5b-CA$1,703,379,945.7230.1x-19.8x2x
Sat, 10 Aug 2024CA$34.0bCA$16.7b-CA$1,790,758,208.6641.4x-19x2x
Mon, 08 Jul 2024CA$41.9bCA$16.3b-CA$1,663,134,368.7238.4x-25.2x2.6x
Wed, 05 Jun 2024CA$39.2bCA$16.4b-CA$1,660,177,396.4131.9x-23.6x2.4x
Fri, 03 May 2024CA$38.9bCA$16.4b-CA$1,624,191,434.8322.6x-24x2.4x
Sun, 31 Mar 2024CA$34.4bCA$16.6b-CA$1,144,925,919.3415.8x-30x2.1x
Tue, 27 Feb 2024CA$26.2bCA$16.5b-CA$1,203,615,055.5423.2x-21.8x1.6x
Thu, 25 Jan 2024CA$25.8bCA$17.3bCA$990.5m18.6x26.1x1.5x
Sat, 23 Dec 2023CA$25.7bCA$17.0bCA$960.8m19.2x26.7x1.5x
Mon, 20 Nov 2023CA$25.0bCA$17.6bCA$1.0b14.9x25x1.4x
Wed, 18 Oct 2023CA$37.2bCA$16.5bCA$838.1m16.5x44.3x2.3x
Fri, 15 Sep 2023CA$40.2bCA$16.3bCA$828.9m19.6x48.5x2.5x
Sun, 13 Aug 2023CA$43.3bCA$16.3bCA$810.7m24.8x53.4x2.7x
Tue, 11 Jul 2023CA$40.1bCA$16.4bCA$699.0m26.8x57.4x2.5x
Thu, 08 Jun 2023CA$37.2bCA$16.5bCA$704.3m23.4x52.9x2.3x
Sat, 06 May 2023CA$42.7bCA$16.5bCA$762.9m26.2x55.9x2.6x
Mon, 03 Apr 2023CA$37.7bCA$17.6bCA$1.5b15.3x24.3x2.1x
Wed, 01 Mar 2023CA$36.0bCA$17.8bCA$1.7b11.2x21.3x2x
Price to Earnings Ratio

21.3x


Total Market Cap: CA$36.0bTotal Earnings: CA$1.7bTotal Revenue: CA$17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -59.4x202420252026
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 111x which is higher than its 3-year average PE of -59.5x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have declined 22% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Canadian Copper compare with similar industries?

CA Market1.50%
Materials2.61%
Metals and Mining2.79%
Copper4.14%
Silver11.01%
Precious Metals and Minerals6.87%
Gold2.88%
Steel2.36%
Aluminum0%0
Diversified Metals and Mining-0.64%
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$39.5513.6%
+CA$4.1b		234.6%PE23.6x
FM First Quantum MineralsCA$37.714.1%
+CA$1.2b		117.5%PS4.4x
FDY Faraday CopperCA$4.2224.9%
+CA$213.8m		455.3%PB16.4x
ASCU Arizona Sonoran CopperCA$6.576.1%
+CA$79.3m		245.8%PB6.3x
AXO Axo CopperCA$0.920%
CA$52.9m		n/aPB8.3x

Latest News

SURG
CA$0.60
Surge Copper
7D
7.1%
1Y
500.0%
KRY
CA$3.14
Koryx Copper
7D
3.6%
1Y
166.1%
LUN
CA$39.55
Lundin Mining
7D
13.6%
1Y
234.6%
TKO
CA$10.92
Taseko Mines
7D
-3.4%
1Y
275.3%
MARI
CA$9.97
Marimaca Copper
7D
-11.5%
1Y
80.3%
AXO
CA$0.92
Axo Copper
7D
0%
1Y
n/a
CS
CA$14.02
Capstone Copper
7D
-11.6%
1Y
71.0%

CS: Future Production And Cost Improvements Will Support Share Outperformance

Our fair value estimate for Capstone Copper has risen from CA$15.42 to CA$17.16, reflecting analysts' recent adjustments to price targets and updated views on the timing of production and cost improvements. Analyst Commentary Recent Street research on Capstone Copper shows a mix of optimism about long term growth potential and caution around execution timing, which helps explain the shift in fair value estimates and price targets.
FM
CA$37.71
First Quantum Minerals
7D
4.1%
1Y
117.5%
III
CA$9.82
Imperial Metals
7D
-7.4%
1Y
299.2%
ASCU
CA$6.57
Arizona Sonoran Copper
7D
6.1%
1Y
245.8%
ERO
CA$41.24
Ero Copper
7D
-1.3%
1Y
126.8%

ERO: Critical Mineral Role And Gold Output Will Shape Balanced Outlook

Ero Copper's analyst target has been raised by about $4.33 to $45.63, as analysts factor in updated assumptions around growth, margins and future P/E multiples. This change is reflected in a cluster of recent target changes and upgrades.
CUU
CA$0.66
Copper Fox Metals
7D
-1.5%
1Y
149.1%
ECU
CA$1.09
Element 29 Resources
7D
-4.4%
1Y
122.4%
FDY
CA$4.22
Faraday Copper
7D
24.9%
1Y
455.3%
LVX
CA$0.63
Leviathan Metals
7D
-7.4%
1Y
600.0%
FMT
CA$8.65
Fuerte Metals
7D
2.7%
1Y
840.2%