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Canadian (TSX) Copper Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies41
  • 7D-3.8%
  • 3M8.5%
  • 1Y93.5%
  • YTDn/a

Over the last 7 days, the Copper industry has dropped 2.3%, driven by a pullback from Lundin Mining of 2.2%. Over the past 12 months, the industry was up 97%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026CA$82.6bCA$18.4bCA$2.1b10.1x39x4.5x
Fri, 13 Feb 2026CA$92.6bCA$17.2bCA$771.8m22.7x120x5.4x
Sun, 11 Jan 2026CA$87.4bCA$17.2bCA$911.7m23.1x95.8x5.1x
Tue, 09 Dec 2025CA$73.0bCA$17.2bCA$910.1m20.7x80.2x4.2x
Thu, 06 Nov 2025CA$61.1bCA$17.2bCA$893.8m20.6x68.4x3.6x
Sat, 04 Oct 2025CA$63.4bCA$16.6bCA$781.1m85.1x81.2x3.8x
Mon, 01 Sep 2025CA$48.7bCA$16.4bCA$769.1m64.9x63.3x3x
Wed, 30 Jul 2025CA$44.8bCA$16.1bCA$499.3m61.6x89.7x2.8x
Fri, 27 Jun 2025CA$43.1bCA$15.9bCA$404.5m70.8x106.6x2.7x
Sun, 25 May 2025CA$39.0bCA$16.0bCA$413.1m71x94.4x2.4x
Tue, 22 Apr 2025CA$32.1bCA$15.4b-CA$14,386,672.1539.1x-2229.4x2.1x
Thu, 20 Mar 2025CA$41.3bCA$15.8b-CA$72,037,770.4256.3x-572.9x2.6x
Sat, 15 Feb 2025CA$40.7bCA$16.5bCA$399.9m57.6x101.7x2.5x
Mon, 13 Jan 2025CA$37.7bCA$16.7b-CA$1,803,694,533.5524.2x-20.9x2.2x
Wed, 11 Dec 2024CA$39.8bCA$16.5b-CA$1,779,323,496.1726.5x-22.4x2.4x
Fri, 08 Nov 2024CA$39.0bCA$16.2b-CA$1,738,594,923.2533.6x-22.4x2.4x
Sun, 06 Oct 2024CA$41.1bCA$16.5b-CA$1,705,467,422.8841.6x-24.1x2.5x
Tue, 03 Sep 2024CA$37.7bCA$16.4b-CA$1,692,662,071.8133.6x-22.3x2.3x
Thu, 01 Aug 2024CA$37.1bCA$16.6b-CA$1,756,631,822.0239.3x-21.1x2.2x
Sat, 29 Jun 2024CA$40.7bCA$16.4b-CA$1,669,198,448.3835.8x-24.4x2.5x
Mon, 27 May 2024CA$41.7bCA$16.3b-CA$1,657,033,405.4438.2x-25.2x2.6x
Wed, 24 Apr 2024CA$36.8bCA$16.8b-CA$1,129,214,854.9816.4x-32.6x2.2x
Fri, 22 Mar 2024CA$33.7bCA$16.6b-CA$1,139,342,497.1515.3x-29.6x2x
Sun, 18 Feb 2024CA$26.9bCA$17.0bCA$1.0b19.3x25.9x1.6x
Tue, 16 Jan 2024CA$27.0bCA$17.2bCA$982.6m18.7x27.5x1.6x
Thu, 14 Dec 2023CA$22.7bCA$17.3bCA$980.9m18x23.1x1.3x
Sat, 11 Nov 2023CA$25.1bCA$17.7bCA$1.1b14.3x22.5x1.4x
Mon, 09 Oct 2023CA$36.6bCA$16.5bCA$839.6m17.6x43.6x2.2x
Wed, 06 Sep 2023CA$41.8bCA$16.5bCA$838.1m20.8x49.9x2.5x
Fri, 04 Aug 2023CA$44.7bCA$16.1bCA$253.1m27.5x176.6x2.8x
Sun, 02 Jul 2023CA$38.9bCA$16.3bCA$696.8m25.9x55.8x2.4x
Tue, 30 May 2023CA$37.3bCA$16.7bCA$713.6m24x52.3x2.2x
Thu, 27 Apr 2023CA$39.8bCA$17.0bCA$1.1b19.9x34.8x2.3x
Sat, 25 Mar 2023CA$34.2bCA$17.9bCA$1.6b13.7x21.3x1.9x
Price to Earnings Ratio

21.3x


Total Market Cap: CA$34.2bTotal Earnings: CA$1.6bTotal Revenue: CA$17.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -58.9x202420252026
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 38.6x which is higher than its 3-year average PE of -58.9x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have grown 9.8% 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 Market-1.22%
Materials-7.18%
Metals and Mining-8.04%
Copper-3.76%
Aluminum0%0
Steel-5.01%
Diversified Metals and Mining-7.60%
Gold-8.13%
Precious Metals and Minerals-12.07%
Silver-15.18%
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
FM First Quantum MineralsCA$32.841.1%
+CA$289.9m		51.3%PS3.8x
ATMY Antimony ResourcesCA$1.6064.9%
+CA$65.1m		1,354.5%n/a
FMT Fuerte MetalsCA$10.94-7.2%
CA$27.7m		1,250.6%PB200.2x
FDY Faraday CopperCA$4.47-6.7%
CA$25.0m		396.7%PB21.4x
CCI Canadian CopperCA$0.6514.0%
+CA$15.2m		282.4%n/a

Latest News

FDY
CA$4.47
Faraday Copper
7D
-6.7%
1Y
396.7%
LUN
CA$34.15
Lundin Mining
7D
-6.1%
1Y
159.5%
III
CA$8.29
Imperial Metals
7D
-12.8%
1Y
232.9%
ERO
CA$36.67
Ero Copper
7D
-3.8%
1Y
87.1%

ERO: Copper Price Upswing And Furnas Project Will Shape Outlook

Our fair value estimate for Ero Copper edges up from CA$46.33 to CA$47.90. This echoes a series of recent analyst price target increases into the CA$50 to CA$52 range that are supported by a higher assumed future P/E multiple and updated copper market views.
CCI
CA$0.65
Canadian Copper
7D
14.0%
1Y
282.4%
CUPR
CA$0.59
Super Copper
7D
5.4%
1Y
25.5%
TKO
CA$9.14
Taseko Mines
7D
-8.8%
1Y
167.3%
CS
CA$11.06
Capstone Copper
7D
-4.2%
1Y
31.2%

CS: Mantoverde Execution And Labor Resolution Will Shape Upside Potential

Our updated narrative for Capstone Copper reflects a higher implied fair value of CA$19.77 from CA$13.00, aligning with recent Street price target revisions clustered around CA$15 to CA$19, where analysts point to timing shifts in the Mantoverde ramp up and adjusted growth and margin expectations, echoed in our more conservative revenue growth, profit margin and future P/E inputs. Analyst Commentary Recent Street research on Capstone Copper shows a mix of renewed caution and ongoing optimism, with most published work clustering price targets in the mid teens to high teens and centering the debate on execution risk at Mantoverde and the timing of the next production and cost inflection.
ALDE
CA$2.32
Aldebaran Resources
7D
-16.5%
1Y
16.0%
ASCU
CA$6.99
Arizona Sonoran Copper
7D
-6.7%
1Y
205.2%
SURG
CA$0.61
Surge Copper
7D
-18.7%
1Y
454.5%
FM
CA$32.84
First Quantum Minerals
7D
1.1%
1Y
51.3%
ATMY
CA$1.60
Antimony Resources
7D
64.9%
1Y
1,354.5%
AVE
CA$0.18
Aventis Energy
7D
5.7%
1Y
85.0%
FMT
CA$10.94
Fuerte Metals
7D
-7.2%
1Y
1,250.6%
LEO
CA$0.44
Lion Copper and Gold
7D
7.3%
1Y
319.0%