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Canadian (TSX) Copper Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies41
  • 7D1.3%
  • 3M26.5%
  • 1Y111.2%
  • YTDn/a

The Copper industry is up 1.3% in the last week, with Lundin Mining up 1.1%. Meanwhile, Arizona Sonoran Copper actually underperformed within the industry, shrinking 5.9% in the last week. This takes the industry's 12 month performance to a gain of 111%. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025CA$81.5bCA$17.0bCA$892.0m23.3x91.4x4.8x
Fri, 28 Nov 2025CA$68.2bCA$17.4bCA$923.7m20.7x73.9x3.9x
Sun, 26 Oct 2025CA$62.1bCA$16.7bCA$786.8m82.6x79x3.7x
Tue, 23 Sep 2025CA$53.0bCA$16.5bCA$773.9m70.2x68.5x3.2x
Thu, 21 Aug 2025CA$46.1bCA$16.6bCA$765.5m60.7x60.2x2.8x
Sat, 19 Jul 2025CA$44.2bCA$16.0bCA$408.2m65.1x108.4x2.8x
Mon, 16 Jun 2025CA$41.4bCA$15.9bCA$404.1m65.7x102.6x2.6x
Wed, 14 May 2025CA$38.1bCA$16.3bCA$410.8m71.9x92.6x2.3x
Fri, 11 Apr 2025CA$31.8bCA$15.5b-CA$14,383,941.0136.7x-2209.5x2x
Sun, 09 Mar 2025CA$36.7bCA$15.9b-CA$67,444,642.0850.1x-544.5x2.3x
Tue, 04 Feb 2025CA$36.1bCA$16.9b-CA$1,839,637,310.1124x-19.6x2.1x
Thu, 02 Jan 2025CA$36.5bCA$16.7b-CA$1,806,837,458.9724.3x-20.2x2.2x
Sat, 30 Nov 2024CA$38.4bCA$16.3b-CA$1,760,580,737.6333.5x-21.8x2.4x
Mon, 28 Oct 2024CA$39.8bCA$15.8b-CA$2,046,135,282.8944.4x-19.5x2.5x
Wed, 25 Sep 2024CA$37.9bCA$16.4b-CA$1,687,112,104.9041x-22.4x2.3x
Fri, 23 Aug 2024CA$37.5bCA$16.6b-CA$1,737,457,387.0645.3x-21.6x2.3x
Sun, 21 Jul 2024CA$37.3bCA$16.4b-CA$1,675,583,188.4532.9x-22.2x2.3x
Tue, 18 Jun 2024CA$37.3bCA$16.4b-CA$1,674,069,747.8234x-22.3x2.3x
Thu, 16 May 2024CA$43.6bCA$16.3b-CA$1,649,791,995.9836.7x-26.4x2.7x
Sat, 13 Apr 2024CA$37.9bCA$16.9b-CA$1,139,443,231.2317.5x-33.3x2.2x
Mon, 11 Mar 2024CA$30.1bCA$16.5b-CA$1,122,133,051.3013.3x-26.8x1.8x
Wed, 07 Feb 2024CA$25.9bCA$17.0bCA$1.0b19.3x24.8x1.5x
Fri, 05 Jan 2024CA$26.8bCA$17.1bCA$976.1m19x27.4x1.6x
Sun, 03 Dec 2023CA$23.9bCA$17.3bCA$980.9m17x24.4x1.4x
Tue, 31 Oct 2023CA$27.8bCA$17.1bCA$1.1b15x24.3x1.6x
Thu, 28 Sep 2023CA$36.6bCA$16.3bCA$828.2m17.9x44.2x2.2x
Sat, 26 Aug 2023CA$40.1bCA$16.4bCA$821.3m24.2x48.8x2.4x
Mon, 24 Jul 2023CA$42.4bCA$16.3bCA$694.6m27.9x61x2.6x
Wed, 21 Jun 2023CA$40.0bCA$16.3bCA$695.5m26.4x57.5x2.5x
Fri, 19 May 2023CA$38.8bCA$16.6bCA$702.0m24.7x55.2x2.3x
Sun, 16 Apr 2023CA$41.7bCA$17.4bCA$1.5b17.1x27.3x2.4x
Tue, 14 Mar 2023CA$33.3bCA$17.9bCA$1.7b12.8x20.1x1.9x
Thu, 09 Feb 2023CA$34.8bCA$18.0bCA$2.0b10.7x17x1.9x
Sat, 07 Jan 2023CA$35.7bCA$18.0bCA$2.1b10.3x17.4x2x
Price to Earnings Ratio

17.4x


Total Market Cap: CA$35.7bTotal Earnings: CA$2.1bTotal Revenue: CA$18.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -63.5x20242025
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 91.4x which is higher than its 3-year average PE of -63.5x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 4.8x.
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-0.12%
Materials-1.47%
Metals and Mining-1.55%
Copper1.32%
Steel1.86%
Diversified Metals and Mining0.61%
Silver0.14%
Aluminum0%0
Precious Metals and Minerals-1.04%
Gold-2.50%
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$29.491.1%
+CA$265.1m		138.4%PE86.8x
CS Capstone CopperCA$13.901.8%
+CA$183.3m		56.4%PE24.9x
ERO Ero CopperCA$39.314.5%
+CA$177.7m		102.8%PE21.6x
FM First Quantum MineralsCA$36.610.5%
+CA$157.3m		97.6%PE481.1x
III Imperial MetalsCA$10.105.1%
+CA$87.3m		454.9%PE9.8x

Latest News

III
CA$10.10
Imperial Metals
7D
5.1%
1Y
454.9%

Returns At Imperial Metals (TSE:III) Are On The Way Up

Dec 28
Returns At Imperial Metals (TSE:III) Are On The Way Up
KRY
CA$2.55
Koryx Copper
7D
13.8%
1Y
155.0%

Companies Like Koryx Copper (CVE:KRY) Are In A Position To Invest In Growth

Dec 25
Companies Like Koryx Copper (CVE:KRY) Are In A Position To Invest In Growth
CS
CA$13.90
Capstone Copper
7D
1.8%
1Y
56.4%

CS: Higher Precious Metal Prices Will Drive Future Share Outperformance

The analyst price target for Capstone Copper has edged higher to approximately C$15.42 from C$15.08, as analysts factor in stronger expected revenue growth, modestly higher margins and sector wide target increases following multiple upward revisions from the Street, despite at least one recent downgrade. Analyst Commentary Bullish analysts highlight that the recent wave of target hikes materially lifts the implied upside for Capstone Copper, with several price objectives now sitting in the mid teens to high teens in Canadian dollars.
ALDE
CA$3.72
Aldebaran Resources
7D
4.8%
1Y
95.8%
LUN
CA$29.49
Lundin Mining
7D
1.1%
1Y
138.4%

LUN: Future Returns Will Weigh Metal Price Cycles Against Legal Overhang Risks

The analyst price target for Lundin Mining has been raised from approximately $24.55 to about $27.52, as analysts factor in stronger expected revenue growth and improved profit margins despite a mixed macro backdrop for metals and mining. Analyst Commentary Analyst sentiment toward Lundin Mining remains broadly constructive, with a series of recent target price revisions reflecting both stronger company specific fundamentals and a still challenging macro backdrop for metals.
ERO
CA$39.31
Ero Copper
7D
4.5%
1Y
102.8%

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.
ASCU
CA$4.78
Arizona Sonoran Copper
7D
-5.9%
1Y
225.2%
FM
CA$36.61
First Quantum Minerals
7D
0.5%
1Y
97.6%
SICO
CA$9.71
Silverco Mining
7D
-1.9%
1Y
n/a
AVE
CA$0.21
Aventis Energy
7D
-15.7%
1Y
22.9%
LEO
CA$0.18
Lion Copper and Gold
7D
-7.5%
1Y
146.7%
CPER
CA$0.07
CopperCorp Resources
7D
-6.7%
1Y
-51.7%
CUPR
CA$0.60
Super Copper
7D
-4.8%
1Y
76.5%
REDC
CA$0.17
Red Canyon Resources
7D
-2.8%
1Y
20.7%
CUU
CA$0.72
Copper Fox Metals
7D
24.1%
1Y
188.0%
CUEX
CA$0.08
CopperEx Resources
7D
-5.9%
1Y
14.3%