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Canadian (TSX) Copper Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies41
  • 7D-1.0%
  • 3M24.8%
  • 1Y108.4%
  • YTDn/a

In the last week, the Copper industry is up 3.6%, with First Quantum Minerals up 0.9%. In the last 12 months, the industry was up 106%. Earnings are forecast to grow by 36% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025CA$80.4bCA$17.0bCA$891.9m22.6x90.2x4.7x
Thu, 27 Nov 2025CA$67.0bCA$17.4bCA$924.4m20.7x72.5x3.9x
Sat, 25 Oct 2025CA$61.3bCA$16.7bCA$790.2m82.6x77.6x3.7x
Mon, 22 Sep 2025CA$53.0bCA$16.5bCA$772.0m68.5x68.6x3.2x
Wed, 20 Aug 2025CA$47.0bCA$16.5bCA$765.0m61.1x61.4x2.8x
Fri, 18 Jul 2025CA$44.7bCA$16.1bCA$409.1m65.1x109.2x2.8x
Sun, 15 Jun 2025CA$41.4bCA$15.9bCA$404.1m65.7x102.6x2.6x
Tue, 13 May 2025CA$36.7bCA$16.2bCA$362.1m68x101.4x2.3x
Thu, 10 Apr 2025CA$28.7bCA$15.6b-CA$14,279,239.8739.7x-2007.2x1.8x
Sat, 08 Mar 2025CA$37.3bCA$15.9b-CA$67,100,250.2950.1x-555.9x2.4x
Mon, 03 Feb 2025CA$36.0bCA$16.9b-CA$1,831,623,569.1524.9x-19.7x2.1x
Wed, 01 Jan 2025CA$36.3bCA$16.7b-CA$1,806,211,928.6424.3x-20.1x2.2x
Fri, 29 Nov 2024CA$38.7bCA$16.3b-CA$1,762,326,502.4433.7x-22x2.4x
Sun, 27 Oct 2024CA$39.8bCA$15.8b-CA$2,046,135,282.8944.4x-19.5x2.5x
Tue, 24 Sep 2024CA$38.0bCA$16.5b-CA$1,702,676,024.8739.7x-22.3x2.3x
Thu, 22 Aug 2024CA$36.7bCA$16.5b-CA$1,735,695,398.0045.2x-21.2x2.2x
Sat, 20 Jul 2024CA$36.7bCA$16.4b-CA$1,675,555,528.2532.9x-21.9x2.2x
Mon, 17 Jun 2024CA$37.3bCA$16.4b-CA$1,675,161,176.0134x-22.3x2.3x
Wed, 15 May 2024CA$41.2bCA$16.3b-CA$1,653,422,344.6737.1x-24.9x2.5x
Fri, 12 Apr 2024CA$38.3bCA$16.8b-CA$1,131,770,192.9517.7x-33.9x2.3x
Sun, 10 Mar 2024CA$30.1bCA$16.5b-CA$1,122,133,051.3013.3x-26.8x1.8x
Tue, 06 Feb 2024CA$25.6bCA$17.0bCA$1.0b18.8x24.4x1.5x
Thu, 04 Jan 2024CA$26.9bCA$17.1bCA$976.5m18.9x27.5x1.6x
Sat, 02 Dec 2023CA$23.1bCA$17.3bCA$984.0m17x23.5x1.3x
Mon, 30 Oct 2023CA$33.5bCA$17.1bCA$1.1b15.3x29.2x2x
Wed, 27 Sep 2023CA$37.3bCA$16.3bCA$829.0m17.9x45x2.3x
Fri, 25 Aug 2023CA$39.9bCA$16.4bCA$819.4m24.1x48.7x2.4x
Sun, 23 Jul 2023CA$42.7bCA$16.3bCA$694.6m27.9x61.5x2.6x
Tue, 20 Jun 2023CA$40.8bCA$16.3bCA$694.2m27x58.7x2.5x
Thu, 18 May 2023CA$39.6bCA$16.6bCA$701.1m24.7x56.5x2.4x
Sat, 15 Apr 2023CA$41.7bCA$17.4bCA$1.5b17.1x27.3x2.4x
Mon, 13 Mar 2023CA$33.5bCA$18.0bCA$1.7b13x20.1x1.9x
Wed, 08 Feb 2023CA$33.9bCA$17.9bCA$2.0b10.8x16.6x1.9x
Fri, 06 Jan 2023CA$33.9bCA$18.1bCA$2.1b9.7x16.4x1.9x
Price to Earnings Ratio

16.4x


Total Market Cap: CA$33.9bTotal Earnings: CA$2.1bTotal Revenue: CA$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -63.6x20242025
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 90.4x which is higher than its 3-year average PE of -63.7x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 4.7x.
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-0.39%
Materials-3.10%
Metals and Mining-3.30%
Copper-0.98%
Steel2.59%
Aluminum0%0
Diversified Metals and Mining-0.42%
Silver-2.93%
Precious Metals and Minerals-4.12%
Gold-4.26%
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
FM First Quantum MineralsCA$36.491.1%
+CA$331.2m		95.8%PE479.6x
FDY Faraday CopperCA$2.695.5%
+CA$35.6m		258.7%PB10.4x
FMT Fuerte MetalsCA$5.565.3%
+CA$35.5m		561.9%PB92.3x
ERO Ero CopperCA$37.730.6%
+CA$23.9m		94.7%PE20.8x
LEO Lion Copper and GoldCA$0.2423.1%
+CA$18.6m		220.0%PB57.8x

Latest News

III
CA$9.58
Imperial Metals
7D
-0.4%
1Y
438.2%

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$2.27
Koryx Copper
7D
-1.3%
1Y
127.0%

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$13.64
Capstone Copper
7D
-0.7%
1Y
53.4%

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.
LUN
CA$29.07
Lundin Mining
7D
-1.5%
1Y
135.0%

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.
FMT
CA$5.56
Fuerte Metals
7D
5.3%
1Y
561.9%
TKO
CA$7.70
Taseko Mines
7D
0.5%
1Y
175.0%

TKO Risks Future Earnings Sustainability Despite Rising Media Rights Optimism

Analysts have raised their fair value estimate for Taseko Mines to $6.50 from $3.68, reflecting higher expected revenue growth that more than offsets a slightly higher discount rate and modestly lower projected margins and valuation multiples. Analyst Commentary While the higher fair value estimate signals a more constructive medium term outlook for Taseko Mines, recent Street commentary for comparable cyclical and resource exposed names underscores where risks may still reside for the stock.
ERO
CA$37.73
Ero Copper
7D
0.6%
1Y
94.7%

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.
MARI
CA$11.15
Marimaca Copper
7D
1.4%
1Y
116.9%
FDY
CA$2.69
Faraday Copper
7D
5.5%
1Y
258.7%
FM
CA$36.49
First Quantum Minerals
7D
1.1%
1Y
95.8%
SICO
CA$9.35
Silverco Mining
7D
-19.7%
1Y
n/a
AVE
CA$0.24
Aventis Energy
7D
-5.9%
1Y
37.1%
ATMY
CA$0.49
Antimony Resources
7D
-10.9%
1Y
206.3%
LEO
CA$0.24
Lion Copper and Gold
7D
23.1%
1Y
220.0%
SURG
CA$0.45
Surge Copper
7D
-1.1%
1Y
287.0%

We Think Surge Copper (CVE:SURG) Can Afford To Drive Business Growth

Nov 21
We Think Surge Copper (CVE:SURG) Can Afford To Drive Business Growth
CUU
CA$0.60
Copper Fox Metals
7D
5.3%
1Y
140.0%