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Canadian (TSX) Copper Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies41
  • 7D2.2%
  • 3M39.2%
  • 1Y87.8%
  • YTDn/a

In the last week, the Copper industry is up 2.2%, with Lundin Mining up 5.6%. In the same time, Aldebaran Resources was down 7.3%. This takes the industry's 12 month performance to a gain of 88%. Looking forward, earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Dec 2025CA$74.6bCA$17.1bCA$904.1m21.3x82.5x4.4x
Wed, 12 Nov 2025CA$68.2bCA$17.3bCA$969.0m21.3x70.4x3.9x
Fri, 10 Oct 2025CA$67.2bCA$16.7bCA$785.1m85.5x85.6x4x
Sun, 07 Sep 2025CA$49.0bCA$16.5bCA$775.5m67.1x63.2x3x
Tue, 05 Aug 2025CA$43.4bCA$16.4bCA$653.1m59.7x66.5x2.7x
Thu, 03 Jul 2025CA$45.7bCA$15.9bCA$403.9m73.5x113.1x2.9x
Sat, 31 May 2025CA$39.8bCA$16.0bCA$412.5m73.1x96.5x2.5x
Mon, 28 Apr 2025CA$36.7bCA$15.6bCA$174.2m46x210.5x2.4x
Wed, 26 Mar 2025CA$42.2bCA$15.8b-CA$77,072,968.8856.1x-547.7x2.7x
Fri, 21 Feb 2025CA$37.5bCA$15.6bCA$47.7m82.5x785.5x2.4x
Sun, 19 Jan 2025CA$38.0bCA$16.8b-CA$1,821,663,401.8126.7x-20.9x2.3x
Tue, 17 Dec 2024CA$37.3bCA$16.5b-CA$1,787,872,129.9024.8x-20.9x2.3x
Thu, 14 Nov 2024CA$38.8bCA$16.3b-CA$1,757,529,346.4032.3x-22.1x2.4x
Sat, 12 Oct 2024CA$39.8bCA$16.7b-CA$1,728,526,905.6946.2x-23x2.4x
Mon, 09 Sep 2024CA$31.6bCA$16.5b-CA$1,702,665,373.7331.1x-18.6x1.9x
Wed, 07 Aug 2024CA$34.9bCA$16.7b-CA$1,796,484,987.4841.9x-19.4x2.1x
Fri, 05 Jul 2024CA$41.7bCA$16.3b-CA$1,660,968,287.7638.1x-25.1x2.6x
Sun, 02 Jun 2024CA$39.8bCA$16.3b-CA$1,650,767,620.2235.7x-24.1x2.4x
Tue, 30 Apr 2024CA$41.2bCA$16.1b-CA$1,447,723,558.0718x-28.4x2.6x
Thu, 28 Mar 2024CA$33.5bCA$16.7b-CA$1,146,679,719.3015.7x-29.3x2x
Sat, 24 Feb 2024CA$26.7bCA$16.2b-CA$1,059,121,511.5019.9x-25.2x1.7x
Mon, 22 Jan 2024CA$25.5bCA$17.2bCA$982.5m17.9x25.9x1.5x
Wed, 20 Dec 2023CA$25.5bCA$17.1bCA$967.2m19x26.4x1.5x
Fri, 17 Nov 2023CA$24.8bCA$17.6bCA$1.0b15x24.7x1.4x
Sun, 15 Oct 2023CA$36.3bCA$16.5bCA$839.2m16.3x43.2x2.2x
Tue, 12 Sep 2023CA$41.5bCA$16.4bCA$833.6m20.1x49.7x2.5x
Thu, 10 Aug 2023CA$43.9bCA$16.2bCA$278.5m24.9x157.5x2.7x
Sat, 08 Jul 2023CA$39.5bCA$16.4bCA$699.0m26.3x56.5x2.4x
Mon, 05 Jun 2023CA$37.4bCA$16.5bCA$708.8m23.8x52.8x2.3x
Wed, 03 May 2023CA$40.9bCA$17.0bCA$1.1b20.8x36.3x2.4x
Fri, 31 Mar 2023CA$37.2bCA$17.6bCA$1.5b15.1x24x2.1x
Sun, 26 Feb 2023CA$32.9bCA$17.8bCA$1.7b10.8x19.5x1.8x
Tue, 24 Jan 2023CA$37.2bCA$17.9bCA$2.0b10.6x18.2x2.1x
Thu, 22 Dec 2022CA$33.1bCA$18.2bCA$2.1b9.6x15.9x1.8x
Price to Earnings Ratio

15.9x


Total Market Cap: CA$33.1bTotal Earnings: CA$2.1bTotal Revenue: CA$18.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -64.6x202320242025
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 82.5x which is higher than its 3-year average PE of -64.6x.
  • 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,
  • Revenues have also declined 2.1% 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 Market0.76%
Materials3.83%
Metals and Mining4.01%
Copper2.22%
Silver6.73%
Gold5.26%
Precious Metals and Minerals4.54%
Steel1.14%
Aluminum0%0
Diversified Metals and Mining-1.19%
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$27.217.4%
+CA$1.6b		117.2%PE79.8x
FM First Quantum MineralsCA$33.261.7%
+CA$463.7m		78.8%PE434.9x
CS Capstone CopperCA$13.221.5%
+CA$152.7m		48.5%PE23.6x
ERO Ero CopperCA$34.813.2%
+CA$111.2m		79.8%PE19.1x
ASCU Arizona Sonoran CopperCA$4.6713.1%
+CA$110.9m		228.9%PB4.4x

Latest News

ASCU
CA$4.67
Arizona Sonoran Copper
7D
13.1%
1Y
228.9%
CS
CA$13.22
Capstone Copper
7D
1.5%
1Y
48.5%

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$27.21
Lundin Mining
7D
7.4%
1Y
117.2%

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$33.26
First Quantum Minerals
7D
1.7%
1Y
78.8%
TKO
CA$7.49
Taseko Mines
7D
3.6%
1Y
160.1%

TKO: New Media Rights and Sponsorship Deals Will Drive Balanced Outlook

Analysts have slightly raised their price target for Taseko Mines to $7.08 from $7.04. They cite incremental improvements in projected revenue growth and a lower discount rate as key factors supporting the update.
ERO
CA$34.81
Ero Copper
7D
3.2%
1Y
79.8%

ERO: Surprise Gold Windfall And Critical Mineral Listing Will Shape Outlook

Ero Copper's analyst price target has increased modestly from C$35.33 to C$35.80, as analysts cite positive catalysts including surprise gold windfall developments and upwardly revised commodity forecasts. Analyst Commentary Recent analyst actions reflect both increased optimism and newly noted risks surrounding Ero Copper.
SICO
CA$7.75
Silverco Mining
7D
40.7%
1Y
n/a
III
CA$8.28
Imperial Metals
7D
5.3%
1Y
345.2%
AVE
CA$0.24
Aventis Energy
7D
-3.9%
1Y
53.1%
ATMY
CA$0.43
Antimony Resources
7D
-15.7%
1Y
120.5%
SURG
CA$0.38
Surge Copper
7D
-5.0%
1Y
322.2%

We Think Surge Copper (CVE:SURG) Can Afford To Drive Business Growth

Nov 21
We Think Surge Copper (CVE:SURG) Can Afford To Drive Business Growth
XXIX
CA$0.12
XXIX Metal
7D
-4.0%
1Y
-7.7%
CUPR
CA$0.48
Super Copper
7D
-6.7%
1Y
79.6%
ALDE
CA$3.69
Aldebaran Resources
7D
-0.3%
1Y
114.5%
ECU
CA$1.02
Element 29 Resources
7D
-2.9%
1Y
112.5%
REDC
CA$0.17
Red Canyon Resources
7D
-8.1%
1Y
13.3%