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Canadian (TSX) Copper Industry Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies42
  • 7D10.3%
  • 3M-3.7%
  • 1Y170.3%
  • YTDn/a

Lundin Mining is up 12%, leading the way for the Copper industry, which has gained 10%. In the same time, Lion Copper and Gold was down 6.2%. This means that the industry has gained 170% over the past year. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026CA$84.2bCA$18.7bCA$2.2b9.4x38.4x4.5x
Wed, 04 Mar 2026CA$100.0bCA$18.1bCA$2.0b15.5x50.7x5.5x
Fri, 30 Jan 2026CA$97.1bCA$16.8bCA$867.7m29.5x111.9x5.8x
Sun, 28 Dec 2025CA$80.5bCA$17.0bCA$890.1m22.6x90.4x4.7x
Tue, 25 Nov 2025CA$64.6bCA$17.5bCA$929.4m20.5x69.6x3.7x
Thu, 23 Oct 2025CA$60.9bCA$16.7bCA$789.5m80.1x77.2x3.7x
Sat, 20 Sep 2025CA$52.0bCA$16.5bCA$772.0m68.5x67.3x3.2x
Mon, 18 Aug 2025CA$47.5bCA$16.5bCA$762.1m63.6x62.4x2.9x
Wed, 16 Jul 2025CA$44.3bCA$16.0bCA$408.3m65.8x108.6x2.8x
Fri, 13 Jun 2025CA$41.9bCA$15.9bCA$404.8m66.6x103.5x2.6x
Sun, 11 May 2025CA$36.7bCA$16.2bCA$360.1m66.7x102x2.3x
Tue, 08 Apr 2025CA$30.2bCA$15.8b-CA$14,230,049.9336.4x-2120.5x1.9x
Thu, 06 Mar 2025CA$34.6bCA$15.8bCA$55.5m62.2x622.9x2.2x
Sat, 01 Feb 2025CA$37.3bCA$16.9b-CA$1,831,624,390.2524.9x-20.4x2.2x
Mon, 30 Dec 2024CA$37.0bCA$16.7b-CA$1,811,211,828.0424.5x-20.4x2.2x
Wed, 27 Nov 2024CA$39.4bCA$16.4b-CA$1,767,306,010.5633.5x-22.3x2.4x
Fri, 25 Oct 2024CA$39.7bCA$15.8b-CA$2,039,773,215.0844.5x-19.4x2.5x
Sun, 22 Sep 2024CA$38.0bCA$16.5b-CA$1,702,676,024.8739.7x-22.3x2.3x
Tue, 20 Aug 2024CA$36.3bCA$16.6b-CA$1,740,840,715.7443.8x-20.9x2.2x
Thu, 18 Jul 2024CA$39.8bCA$16.4b-CA$1,670,345,715.5734.7x-23.9x2.4x
Sat, 15 Jun 2024CA$37.3bCA$16.4b-CA$1,675,185,974.8134x-22.3x2.3x
Mon, 13 May 2024CA$41.5bCA$16.4b-CA$1,654,069,843.5736x-25.1x2.5x
Wed, 10 Apr 2024CA$37.5bCA$16.7b-CA$1,122,736,091.1518.1x-33.4x2.3x
Fri, 08 Mar 2024CA$29.9bCA$16.4b-CA$1,208,238,672.0825.2x-24.8x1.8x
Sun, 04 Feb 2024CA$26.5bCA$17.3bCA$984.8m19.3x26.9x1.5x
Tue, 02 Jan 2024CA$25.2bCA$17.0bCA$967.6m19.2x26.1x1.5x
Thu, 30 Nov 2023CA$24.1bCA$17.4bCA$988.8m15.7x24.3x1.4x
Sat, 28 Oct 2023CA$33.5bCA$17.1bCA$1.1b15.3x29.2x2x
Mon, 25 Sep 2023CA$38.3bCA$16.3bCA$826.3m18.5x46.4x2.4x
Wed, 23 Aug 2023CA$40.3bCA$16.4bCA$817.8m24.2x49.3x2.5x
Fri, 21 Jul 2023CA$42.9bCA$16.2bCA$691.5m28.2x62x2.6x
Sun, 18 Jun 2023CA$40.7bCA$16.3bCA$693.5m27x58.7x2.5x
Tue, 16 May 2023CA$39.9bCA$16.6bCA$695.5m24.8x57.4x2.4x
Thu, 13 Apr 2023CA$39.5bCA$17.5bCA$1.5b16.1x25.7x2.3x
Price to Earnings Ratio

25.7x


Total Market Cap: CA$39.5bTotal Earnings: CA$1.5bTotal Revenue: CA$17.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -58.6x202420252026
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 38.4x which is higher than its 3-year average PE of -58.6x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 2.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Canadian Copper compare with similar industries?

CA Market3.31%
Materials8.47%
Metals and Mining9.53%
Copper10.28%
Gold10.19%
Silver9.95%
Precious Metals and Minerals8.57%
Diversified Metals and Mining6.35%
Steel3.55%
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$35.0411.8%
+CA$3.1b		261.6%PE20.5x
FM First Quantum MineralsCA$34.5911.4%
+CA$2.9b		121.9%PS3.9x
CS Capstone CopperCA$10.9913.7%
+CA$1.0b		94.9%PE19.1x
ERO Ero CopperCA$39.0612.5%
+CA$453.6m		172.4%PE11.1x
TKO Taseko MinesCA$9.2513.4%
+CA$398.4m		267.1%PS5x

Latest News

CLUS
CA$0.07
Colossus Resources
7D
-6.7%
1Y
-12.5%
ERO
CA$39.06
Ero Copper
7D
12.5%
1Y
172.4%
CS
CA$10.99
Capstone Copper
7D
13.7%
1Y
94.9%

CS: Mantoverde Execution And Labor Stability Will Drive Future Upside Potential

Capstone Copper's updated fair value estimate edges higher, with the implied analyst price target tightening around the CA$15 to CA$19 range as analysts factor in slightly higher revenue growth and profit margins, along with revised P/E assumptions and mixed rating and target changes in recent research. Analyst Commentary Recent research on Capstone Copper shows a mix of rating changes and price target adjustments, with investors weighing updated guidance and project timelines against longer term growth expectations and valuation assumptions.
TKO
CA$9.25
Taseko Mines
7D
13.4%
1Y
267.1%

TKO: Future Media Partnerships Will Likely Outrun Already Rich Expectations

The analyst price target for Taseko Mines has been revised from approximately CA$10.57 to CA$12.61. Analysts attribute this change to updated assumptions, including a higher fair value estimate, a slightly higher discount rate, more conservative revenue growth forecasts, improved profit margin expectations, and a lower future P/E multiple.
REDC
CA$0.17
Red Canyon Resources
7D
-2.8%
1Y
16.7%
FM
CA$34.59
First Quantum Minerals
7D
11.4%
1Y
121.9%
LUN
CA$35.04
Lundin Mining
7D
11.8%
1Y
261.6%

LUN: Future Returns Will Reflect Copper Exposure And Caserones Expansion

The analyst price target for Lundin Mining is now CA$38.54, up from CA$37.25. This change reflects a series of recent target revisions as analysts factor in updated growth, margin and P/E assumptions.
III
CA$8.08
Imperial Metals
7D
10.8%
1Y
239.5%
FDY
CA$4.28
Faraday Copper
7D
14.4%
1Y
478.4%
CPER
CA$0.06
CopperCorp Resources
7D
-7.7%
1Y
-25.0%

Copper: Slowing Chinese Demand Meets Rising Supply

Mar 16
CGM
CA$0.41
Canadian Goldfields Discovery
7D
-1.2%
1Y
n/a
BCU
CA$0.06
Bell Copper
7D
-14.3%
1Y
100.0%
ASCU
CA$7.23
Arizona Sonoran Copper
7D
13.0%
1Y
272.7%
LEO
CA$0.38
Lion Copper and Gold
7D
-6.2%
1Y
216.7%
CUCU
CA$0.02
Global Copper
7D
-20.0%
1Y
-20.0%