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Canadian (TSX) Copper Industry Analysis

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies40
  • 7D5.0%
  • 3M43.9%
  • 1Y135.6%
  • YTDn/a

Over the last 7 days, the Copper industry has risen 8.4%, driven by gains in First Quantum Minerals and Lundin Mining of 8.6% and 9.9%, respectively. During this same period, the World Copper underperformed, falling 50%. This takes the industry's 12 month performance to a gain of 136%. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Jan 2026CA$91.3bCA$17.2bCA$911.9m23.9x100.1x5.3x
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
Price to Earnings Ratio

18.2x


Total Market Cap: CA$37.2bTotal Earnings: CA$2.0bTotal Revenue: CA$17.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -62.3x202420252026
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 101x which is higher than its 3-year average PE of -62.4x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 5.3x.
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 Market1.62%
Materials4.33%
Metals and Mining4.26%
Copper4.96%
Silver11.53%
Precious Metals and Minerals6.31%
Gold4.02%
Diversified Metals and Mining3.18%
Aluminum0%0
Steel-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$35.097.0%
+CA$2.0b		186.2%PE101.6x
FM First Quantum MineralsCA$40.722.8%
+CA$902.6m		114.2%PE526.8x
CS Capstone CopperCA$14.485.8%
+CA$610.9m		64.2%PE25.5x
TKO Taseko MinesCA$9.8118.5%
+CA$551.9m		234.8%PS5.9x
III Imperial MetalsCA$11.605.3%
+CA$103.5m		501.0%PE11.3x

Latest News

FM
CA$40.72
First Quantum Minerals
7D
2.8%
1Y
114.2%
TKO
CA$9.81
Taseko Mines
7D
18.5%
1Y
234.8%

Further Upside For Taseko Mines Limited (TSE:TKO) Shares Could Introduce Price Risks After 39% Bounce

Jan 16
Further Upside For Taseko Mines Limited (TSE:TKO) Shares Could Introduce Price Risks After 39% Bounce
CS
CA$14.48
Capstone Copper
7D
5.8%
1Y
64.2%
SURG
CA$0.57
Surge Copper
7D
-6.6%
1Y
470.0%
OCO
CA$0.49
Oroco Resource
7D
13.8%
1Y
41.4%
ASCU
CA$5.55
Arizona Sonoran Copper
7D
6.7%
1Y
230.4%
AVE
CA$0.25
Aventis Energy
7D
-3.8%
1Y
38.9%
III
CA$11.60
Imperial Metals
7D
5.3%
1Y
501.0%

Imperial Metals Corporation (TSE:III) Held Back By Insufficient Growth Even After Shares Climb 33%

Jan 11
Imperial Metals Corporation (TSE:III) Held Back By Insufficient Growth Even After Shares Climb 33%
ERO
CA$41.09
Ero Copper
7D
1.0%
1Y
100.7%

ERO: Gold Windfall And Critical Mineral Status Will Guide Balanced Outlook

Narrative Update The analyst price target for Ero Copper has moved higher to reflect a fair value of about $38, with analysts citing recent target increases across the Street and updated expectations for revenue growth, margins and future P/E following the surprise gold windfall disclosure. Analyst Commentary Recent Street research on Ero Copper reflects a mix of optimism around new gold related upside and caution around execution risk and current valuation.
KBX
CA$0.65
Kobrea Exploration
7D
-4.4%
1Y
14.0%
LUN
CA$35.09
Lundin Mining
7D
7.0%
1Y
186.2%

LUN: Future Returns Will Depend On Metals Cycles Outweighing Legal Overhang Risks

Analysts have nudged our fair value estimate for Lundin Mining higher from $27.52 to $28.28. This reflects recent target price revisions across U.S., Canadian and European brokers who cite refreshed metals price assumptions and mixed regional demand signals.
KRY
CA$2.72
Koryx Copper
7D
-2.5%
1Y
172.0%
ALTN
CA$0.14
Aeonian Resources
7D
-15.6%
1Y
n/a
ALDE
CA$3.81
Aldebaran Resources
7D
-1.0%
1Y
115.3%
AXO
CA$0.60
Axo Copper
7D
-4.8%
1Y
n/a

Here's Why We're Watching Axo Copper's (CVE:AXO) Cash Burn Situation

Dec 05
Here's Why We're Watching Axo Copper's (CVE:AXO) Cash Burn Situation
LVX
CA$0.80
Leviathan Metals
7D
-11.1%
1Y
1,130.8%