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Canadian (TSX) Copper Industry Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies41
  • 7D2.5%
  • 3M36.9%
  • 1Y137.5%
  • YTDn/a

Over the last 7 days, the Copper industry has dropped 5.9%, driven by pullbacks in Lundin Mining and First Quantum Minerals of 5.7% and 4.5%, respectively. On the other hand Fuerte Metals is actually up 14%. Over the past 12 months, the industry was up 137%. As for the next few years, earnings are expected to grow by 31% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Feb 2026CA$91.5bCA$17.2bCA$769.4m23.7x119x5.3x
Sat, 10 Jan 2026CA$84.2bCA$17.2bCA$911.7m23.1x92.3x4.9x
Mon, 08 Dec 2025CA$73.0bCA$17.1bCA$908.2m21x80.3x4.3x
Wed, 05 Nov 2025CA$63.6bCA$17.1bCA$893.0m20x71.2x3.7x
Fri, 03 Oct 2025CA$63.4bCA$16.7bCA$781.6m82.8x81.2x3.8x
Sun, 31 Aug 2025CA$48.7bCA$16.4bCA$772.0m64.9x63x3x
Tue, 29 Jul 2025CA$44.7bCA$16.0bCA$496.3m62.4x90.2x2.8x
Thu, 26 Jun 2025CA$43.1bCA$16.0bCA$407.3m66.1x105.9x2.7x
Sat, 24 May 2025CA$37.8bCA$16.0bCA$409.6m71x92.4x2.4x
Mon, 21 Apr 2025CA$32.1bCA$15.4b-CA$14,382,103.4939.8x-2230.1x2.1x
Wed, 19 Mar 2025CA$40.5bCA$15.8b-CA$72,059,009.0254.2x-561.8x2.6x
Fri, 14 Feb 2025CA$39.4bCA$16.5bCA$400.4m56.7x98.3x2.4x
Sun, 12 Jan 2025CA$37.7bCA$16.7b-CA$1,803,694,533.5524.2x-20.9x2.2x
Tue, 10 Dec 2024CA$39.3bCA$16.5b-CA$1,779,212,630.0927.4x-22.1x2.4x
Thu, 07 Nov 2024CA$39.2bCA$16.1b-CA$1,928,541,031.8944.4x-20.3x2.4x
Sat, 05 Oct 2024CA$40.1bCA$16.5b-CA$1,704,818,692.7041.6x-23.5x2.4x
Mon, 02 Sep 2024CA$37.7bCA$16.4b-CA$1,690,492,629.5633.7x-22.3x2.3x
Wed, 31 Jul 2024CA$36.8bCA$16.0b-CA$1,880,874,067.9531.3x-19.6x2.3x
Fri, 28 Jun 2024CA$41.2bCA$16.4b-CA$1,670,466,718.2636.4x-24.6x2.5x
Sun, 26 May 2024CA$41.7bCA$16.3b-CA$1,657,033,405.4438.2x-25.2x2.6x
Tue, 23 Apr 2024CA$38.3bCA$16.9b-CA$1,136,484,559.4817.2x-33.7x2.3x
Thu, 21 Mar 2024CA$32.9bCA$16.6b-CA$1,135,311,518.3015.4x-29x2x
Sat, 17 Feb 2024CA$25.9bCA$17.0bCA$1.0b19.3x24.8x1.5x
Mon, 15 Jan 2024CA$26.7bCA$17.2bCA$980.6m18.7x27.2x1.6x
Wed, 13 Dec 2023CA$22.7bCA$17.4bCA$988.6m17x22.9x1.3x
Fri, 10 Nov 2023CA$24.3bCA$17.7bCA$1.1b14.5x21.8x1.4x
Sun, 08 Oct 2023CA$36.6bCA$16.5bCA$839.6m17.6x43.6x2.2x
Tue, 05 Sep 2023CA$43.6bCA$16.4bCA$835.3m21x52.2x2.7x
Thu, 03 Aug 2023CA$44.2bCA$16.1bCA$103.6m28.7x426.6x2.7x
Sat, 01 Jul 2023CA$38.9bCA$16.3bCA$696.8m25.9x55.8x2.4x
Mon, 29 May 2023CA$37.3bCA$16.8bCA$715.1m23.8x52.1x2.2x
Wed, 26 Apr 2023CA$38.9bCA$17.8bCA$1.6b16.2x24.9x2.2x
Fri, 24 Mar 2023CA$33.9bCA$17.9bCA$1.6b13.6x21.2x1.9x
Sun, 19 Feb 2023CA$34.0bCA$17.9bCA$1.8b10.9x19x1.9x
Price to Earnings Ratio

19x


Total Market Cap: CA$34.0bTotal Earnings: CA$1.8bTotal Revenue: CA$17.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -60.3x202420252026
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 106x which is higher than its 3-year average PE of -60.4x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 5.5x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have declined 21% per year over the last three years,
  • Revenues have also declined 2.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Canadian Copper compare with similar industries?

CA Market1.86%
Materials4.50%
Metals and Mining4.88%
Copper2.49%
Silver5.85%
Gold5.77%
Steel2.76%
Diversified Metals and Mining2.65%
Precious Metals and Minerals0.32%
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$36.019.1%
+CA$2.6b		194.0%PE106.9x
CS Capstone CopperCA$16.444.2%
+CA$504.0m		92.3%PE29.7x
FMT Fuerte MetalsCA$8.4118.5%
+CA$166.8m		785.3%PB140.2x
FDY Faraday CopperCA$3.4512.7%
+CA$99.7m		372.6%PB13.4x
ASCU Arizona Sonoran CopperCA$6.155.3%
+CA$64.7m		198.5%PB5.9x

Latest News

FM
CA$37.60
First Quantum Minerals
7D
0.08%
1Y
98.8%
TKO
CA$11.37
Taseko Mines
7D
-0.6%
1Y
269.2%
III
CA$10.31
Imperial Metals
7D
-16.6%
1Y
368.6%
ASCU
CA$6.15
Arizona Sonoran Copper
7D
5.3%
1Y
198.5%
SURG
CA$0.68
Surge Copper
7D
23.6%
1Y
615.8%
ERO
CA$42.72
Ero Copper
7D
-11.4%
1Y
127.0%

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.
LUN
CA$36.01
Lundin Mining
7D
9.1%
1Y
194.0%

LUN: Future Returns Will Reflect Metals Cycles Legal Overhang And Capital Deployment

The analyst price target for Lundin Mining has been lifted by about $1.93, reflecting updated assumptions around higher revenue growth expectations, a slightly increased discount rate, modestly lower profit margin forecasts, and a small upward adjustment to future P/E that align with recent target changes from several firms. Analyst Commentary Recent Street research on Lundin Mining shows a mix of optimism and caution, with several firms revisiting their models and price targets across both North American dollar and Swedish krona listings.
VCU
CA$1.69
Vizsla Copper
7D
-18.8%
1Y
77.9%
CUU
CA$0.70
Copper Fox Metals
7D
-2.8%
1Y
180.0%
ALDE
CA$3.17
Aldebaran Resources
7D
-2.8%
1Y
59.3%
CS
CA$16.44
Capstone Copper
7D
4.2%
1Y
92.3%

CS: Mantoverde Strike Risk Will Limit Upside Despite Recent Rating Optimism

Analysts have raised their price target on Capstone Copper to C$14.00 from C$13.41, citing a series of recent target increases and a more constructive stance from several research firms regarding the company’s outlook. Analyst Commentary Recent research on Capstone Copper shows a mix of optimism around the company’s prospects and some caution around how much upside is already reflected in the share price.
OCO
CA$0.64
Oroco Resource
7D
-4.5%
1Y
146.2%
MARI
CA$11.58
Marimaca Copper
7D
-3.6%
1Y
109.4%
CUPR
CA$0.84
Super Copper
7D
-13.4%
1Y
52.7%
FDY
CA$3.45
Faraday Copper
7D
12.7%
1Y
372.6%
FMT
CA$8.41
Fuerte Metals
7D
18.5%
1Y
785.3%