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Canadian (TSX) Copper Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies41
  • 7D14.2%
  • 3M46.6%
  • 1Y170.0%
  • YTDn/a

Over the last 7 days, the Copper industry has risen 16%, driven by gains from Lundin Mining of 31%. During this same period, the Capstone Copper underperformed, falling 5.2%. This takes the industry's 12 month performance to a gain of 172%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026CA$101.3bCA$17.7bCA$1.9b25.6x52.1x5.7x
Sat, 24 Jan 2026CA$88.1bCA$17.0bCA$897.3m26.2x98.2x5.2x
Mon, 22 Dec 2025CA$77.6bCA$17.1bCA$905.4m21.6x85.7x4.5x
Wed, 19 Nov 2025CA$66.6bCA$17.3bCA$921.7m19.7x72.3x3.8x
Fri, 17 Oct 2025CA$67.1bCA$16.8bCA$786.6m82.5x85.3x4x
Sun, 14 Sep 2025CA$52.1bCA$16.5bCA$775.2m66.4x67.2x3.2x
Tue, 12 Aug 2025CA$47.4bCA$16.5bCA$764.1m62.6x62.1x2.9x
Thu, 10 Jul 2025CA$46.2bCA$16.0bCA$407.1m66.9x113.4x2.9x
Sat, 07 Jun 2025CA$42.4bCA$16.0bCA$407.6m67.4x104x2.6x
Mon, 05 May 2025CA$35.7bCA$15.8bCA$113.5m45.4x314.5x2.3x
Wed, 02 Apr 2025CA$37.0bCA$15.8b-CA$3,595,712.3348.8x-10283.2x2.3x
Fri, 28 Feb 2025CA$36.6bCA$15.9bCA$49.8m72.8x734.1x2.3x
Sun, 26 Jan 2025CA$37.8bCA$16.7b-CA$1,806,726,982.1727.3x-20.9x2.3x
Tue, 24 Dec 2024CA$36.7bCA$16.7b-CA$1,802,888,583.0024.5x-20.3x2.2x
Thu, 21 Nov 2024CA$39.2bCA$16.3b-CA$1,756,066,312.4234x-22.3x2.4x
Sat, 19 Oct 2024CA$38.9bCA$16.8b-CA$1,733,833,126.1842.7x-22.4x2.3x
Mon, 16 Sep 2024CA$36.0bCA$16.5b-CA$1,706,065,791.6431x-21.1x2.2x
Wed, 14 Aug 2024CA$34.7bCA$16.7b-CA$1,749,631,369.3341.6x-19.9x2.1x
Fri, 12 Jul 2024CA$41.3bCA$16.3b-CA$1,663,532,069.6936.8x-24.8x2.5x
Sun, 09 Jun 2024CA$38.2bCA$16.5b-CA$1,669,959,874.1132.9x-22.9x2.3x
Tue, 07 May 2024CA$41.2bCA$16.3b-CA$1,635,840,444.1323.5x-25.2x2.5x
Thu, 04 Apr 2024CA$35.4bCA$16.6b-CA$1,119,529,705.8517.3x-31.7x2.1x
Sat, 02 Mar 2024CA$28.6bCA$16.6b-CA$1,207,982,283.1224.4x-23.7x1.7x
Mon, 29 Jan 2024CA$26.9bCA$17.2bCA$983.5m19.1x27.3x1.6x
Wed, 27 Dec 2023CA$25.7bCA$17.0bCA$968.1m19.2x26.5x1.5x
Fri, 24 Nov 2023CA$24.8bCA$17.5bCA$1.0b15.9x24.7x1.4x
Sun, 22 Oct 2023CA$34.9bCA$16.5bCA$843.1m15.3x41.3x2.1x
Tue, 19 Sep 2023CA$41.6bCA$16.3bCA$827.0m19.8x50.3x2.6x
Thu, 17 Aug 2023CA$40.1bCA$16.4bCA$811.2m23x49.4x2.5x
Sat, 15 Jul 2023CA$42.3bCA$16.3bCA$695.2m28x60.8x2.6x
Mon, 12 Jun 2023CA$37.1bCA$16.5bCA$703.4m24.1x52.7x2.3x
Wed, 10 May 2023CA$42.8bCA$16.5bCA$722.3m26.7x59.2x2.6x
Fri, 07 Apr 2023CA$38.0bCA$17.6bCA$1.5b15.5x24.6x2.2x
Sun, 05 Mar 2023CA$38.7bCA$17.8bCA$1.7b12.4x23x2.2x
Price to Earnings Ratio

23x


Total Market Cap: CA$38.7bTotal Earnings: CA$1.7bTotal Revenue: CA$17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -59.3x202420252026
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 49.3x which is higher than its 3-year average PE of -59.3x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have grown 4.9% 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 Market2.40%
Materials8.58%
Metals and Mining9.31%
Copper14.16%
Silver20.33%
Precious Metals and Minerals10.06%
Gold8.55%
Diversified Metals and Mining7.27%
Aluminum0%0
Steel-0.26%
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$42.9221.9%
+CA$6.6b		263.1%PE25.6x
FM First Quantum MineralsCA$40.9512.7%
+CA$3.8b		130.8%PS4.7x
ERO Ero CopperCA$47.0514.2%
+CA$607.8m		155.6%PE25.9x
FDY Faraday CopperCA$5.0551.2%
+CA$435.2m		523.5%PB19.6x
CS Capstone CopperCA$14.371.9%
+CA$206.2m		68.9%PE25.8x

Latest News

REDC
CA$0.21
Red Canyon Resources
7D
-6.5%
1Y
43.3%
LUN
CA$42.92
Lundin Mining
7D
21.9%
1Y
263.1%
TKO
CA$11.34
Taseko Mines
7D
3.0%
1Y
253.3%
FDY
CA$5.05
Faraday Copper
7D
51.2%
1Y
523.5%
OCO
CA$0.55
Oroco Resource
7D
-5.2%
1Y
107.5%
FM
CA$40.95
First Quantum Minerals
7D
12.7%
1Y
130.8%
ERO
CA$47.05
Ero Copper
7D
14.2%
1Y
155.6%

ERO: Copper Price Upswing And 2026 Production Plan Will Drive Outlook

The analyst price target for Ero Copper has been raised to CA$46.33 from CA$45.63, as analysts factor in updated assumptions on copper pricing, revenue growth, profit margins, and a lower future P/E multiple. Analyst Commentary Recent Street research on Ero Copper shows a mix of optimism and caution, with several firms adjusting price targets in both directions and at least one ratings change.
CS
CA$14.37
Capstone Copper
7D
1.9%
1Y
68.9%

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.
CUPR
CA$0.92
Super Copper
7D
-3.2%
1Y
100.0%
AVE
CA$0.20
Aventis Energy
7D
-4.8%
1Y
60.0%
ASCU
CA$6.82
Arizona Sonoran Copper
7D
7.9%
1Y
262.8%
TM
CA$0.45
Trigon Metals
7D
-2.2%
1Y
91.5%
FMT
CA$9.51
Fuerte Metals
7D
16.0%
1Y
933.7%
CPER
CA$0.085
CopperCorp Resources
7D
-5.6%
1Y
-15.0%