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Canadian (TSX) Copper Industry Analysis

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies41
  • 7D0.6%
  • 3M40.1%
  • 1Y104.2%
  • YTDn/a

Over the last 7 days, the Copper industry has remained flat, although notably Lundin Mining gained 3.1%. As for the the longer term, the industry is up 104% over the past 12 months. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 27 Jan 2023CA$38.0bCA$17.8bCA$2.0b10.9x18.7x2.1x
Sun, 25 Dec 2022CA$33.0bCA$18.1bCA$2.1b9.3x15.9x1.8x
Price to Earnings Ratio

15.9x


Total Market Cap: CA$33.0bTotal Earnings: CA$2.1bTotal Revenue: CA$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -64.4x202320242025
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 83.2x which is higher than its 3-year average PE of -64.4x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have declined 24% 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 Market-1.04%
Materials0.83%
Metals and Mining0.72%
Copper0.60%
Silver5.68%
Steel0.99%
Gold0.74%
Precious Metals and Minerals0.70%
Aluminum0%0
Diversified Metals and Mining-0.51%
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$27.973.1%
+CA$710.3m		134.5%PE81.9x
CUU Copper Fox MetalsCA$0.5651.4%
+CA$110.5m		111.3%PB3.8x
FMT Fuerte MetalsCA$4.809.1%
+CA$49.5m		445.5%PB77.8x
LEO Lion Copper and GoldCA$0.2742.1%
+CA$33.1m		260.0%PB64.7x
SICO Silverco MiningCA$7.9513.6%
+CA$31.0m		n/aPE-47.5x

Latest News

TKO
CA$7.14
Taseko Mines
7D
-4.8%
1Y
158.7%

TKO Risks Future Earnings Sustainability Despite Rising Media Rights Optimism

Analysts have raised their fair value estimate for Taseko Mines to $6.50 from $3.68, reflecting higher expected revenue growth that more than offsets a slightly higher discount rate and modestly lower projected margins and valuation multiples. Analyst Commentary While the higher fair value estimate signals a more constructive medium term outlook for Taseko Mines, recent Street commentary for comparable cyclical and resource exposed names underscores where risks may still reside for the stock.
ATCU
CA$1.37
Alta Copper
7D
15.1%
1Y
230.1%
ERO
CA$34.45
Ero Copper
7D
-0.7%
1Y
86.0%

ERO: Gold Windfall And Critical Mineral Status Will Shape Balanced Outlook

We increase our fair value estimate for Ero Copper to approximately $37.43 per share from $35.80, reflecting analysts' higher price targets following upgraded ratings, improved long term revenue growth and margin expectations, and incremental upside from the recently identified gold windfall. Analyst Commentary Recent Street research reflects a more constructive stance on Ero Copper overall, but with a clear split between optimistic and cautious voices as the market digests the impact of stronger commodity price forecasts, the gold windfall, and project execution risks.
KRY
CA$1.86
Koryx Copper
7D
-4.6%
1Y
97.9%
MARI
CA$11.18
Marimaca Copper
7D
1.6%
1Y
124.5%
CS
CA$12.88
Capstone Copper
7D
-2.6%
1Y
50.1%

CS: Higher Gold Price Outlook Will Drive Future Share Outperformance

Analysts have nudged their blended price target for Capstone Copper slightly higher to about C$15.08 from C$15.01, citing stronger long term revenue growth assumptions and a higher sector multiple outlook that more than offset modestly lower margin forecasts and a slightly higher discount rate. Analyst Commentary Recent research updates present a generally constructive but more balanced stance on Capstone Copper, as higher price targets and new positive initiations are tempered by at least one move to the sidelines.
LUN
CA$27.97
Lundin Mining
7D
3.1%
1Y
134.5%

LUN: Future Returns Will Balance Metal Price Leverage And Legal Environmental Risks

Our analyst price target for Lundin Mining has edged lower to approximately $24.55 from about $25.28, as analysts factor in a slightly higher discount rate alongside modestly stronger long term revenue growth expectations amid a mixed macro backdrop and a series of both upward and downward target revisions across the Street. Analyst Commentary Recent Street research on Lundin Mining reflects a balanced mix of optimism and caution, with a cluster of target revisions across multiple currencies signaling active debate around the company’s medium term earnings power and appropriate valuation multiple.
FM
CA$33.85
First Quantum Minerals
7D
0.06%
1Y
94.4%
GLAD
CA$0.92
Gladiator Metals
7D
-13.2%
1Y
121.7%
FMT
CA$4.80
Fuerte Metals
7D
9.1%
1Y
445.5%
LVX
CA$0.44
Leviathan Metals
7D
-22.8%
1Y
633.3%
SICO
CA$7.95
Silverco Mining
7D
13.6%
1Y
n/a
LEO
CA$0.27
Lion Copper and Gold
7D
42.1%
1Y
260.0%
XXIX
CA$0.11
XXIX Metal
7D
-15.4%
1Y
-8.3%
ALDE
CA$3.23
Aldebaran Resources
7D
-12.7%
1Y
87.8%
CUU
CA$0.56
Copper Fox Metals
7D
51.4%
1Y
111.3%