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

Investors are more pessimistic on the industry, indicating that they anticipate long-term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 11.2x which is lower than its 3-year average PE of 61.8x.

How does Canadian Copper compare with similar industries?

There is insufficient data on the sub-industries of this industry.

Canadian (TSX) Copper Industry Analysis

Date	Market Cap	Revenue	Earnings	PE
Sat, 28 May 2022	CA$39.9b	CA$17.4b	CA$3.2b	11.2x
Mon, 25 Apr 2022	CA$38.6b	CA$15.2b	CA$2.3b	14.6x
Wed, 23 Mar 2022	CA$42.7b	CA$15.1b	CA$2.3b	15.7x
Fri, 18 Feb 2022	CA$38.3b	CA$14.5b	CA$2.2b	16.4x
Sun, 16 Jan 2022	CA$37.3b	CA$14.0b	CA$1.9b	16.5x
Tue, 14 Dec 2021	CA$33.0b	CA$14.2b	CA$1.9b	16.9x
Thu, 11 Nov 2021	CA$32.6b	CA$13.8b	CA$1.9b	9.3x
Sat, 09 Oct 2021	CA$29.7b	CA$13.1b	CA$1.5b	8.9x
Mon, 06 Sep 2021	CA$30.5b	CA$13.0b	CA$1.4b	23.6x
Wed, 04 Aug 2021	CA$30.7b	CA$13.0b	CA$1.4b	24.5x
Sat, 08 May 2021	CA$35.7b	CA$11.6b	CA$804.9m	42.9x
Tue, 09 Feb 2021	CA$26.7b	CA$10.5b	CA$19.3m	24.9x
Mon, 02 Nov 2020	CA$19.3b	CA$10.5b	-CA$292,388,985.50	33.3x
Thu, 06 Aug 2020	CA$15.8b	CA$10.0b	-CA$679,657,952.00	79.9x
Sun, 10 May 2020	CA$12.8b	CA$10.0b	-CA$518,695,377.44	450.1x
Sat, 01 Feb 2020	CA$14.5b	CA$8.8b	CA$58.5m	18.3x
Tue, 05 Nov 2019	CA$14.7b	CA$8.5b	CA$313.0m	22.5x
Fri, 09 Aug 2019	CA$16.3b	CA$8.2b	CA$455.1m	34.6x


CA Market	1.68%
Materials	2.76%
Metals and Mining	4.53%
Copper	2.17%
Gold	5.74%
Precious Metals and Minerals	5.49%
Silver	5.02%
Aluminum	3.18%
Diversified Metals and Mining	3.00%
Steel	2.25%

Company	Last Price	7D	1Y	Valuation
LUN Lundin Mining	CA$11.05	3.8% +CA$311.7m	-14.8%	PS6.8x
CS Capstone Copper	CA$4.89	0.8% +CA$27.6m	-12.0%	PS16.6x
TKO Taseko Mines	CA$2.12	3.9% +CA$22.9m	-29.1%	PS11.5x
CMMC Copper Mountain Mining	CA$2.69	3.9% +CA$21.1m	-38.0%	PS9.3x
FDY Faraday Copper	CA$0.88	14.3% +CA$13.4m	41.9%	PB10.5x

May 09

First Quantum Minerals Ltd. Announces Board Approval of the Kansanshi S3 Expansion and Enterprise Nickel Project

First Quantum Minerals Ltd. announced that the Company’s Board of Directors has approved the S3 Expansion at the Kansanshi mine and the Enterprise nickel project. Work on both projects will start immediately. The Company is re-commencing detailed engineering works for the S3 Expansion to determine purchase orders for key long-lead items, including the SAG mill, ball mill and in-pit crushing station. A mining contractor will be mobilized for the Enterprise nickel project in order to commence pre-stripping of the pit in June 2022. The development timeline and capital commitments of both projects remains consistent with the three-year guidance recently provided by the Company on January 17, 2022. ZAMBIAN INVESTMENT CLIMATE: The approval of the projects follows the efforts of the New Dawn administration to enhance both the investment climate for mining and to seek commitments from the mining sector to contribute to the national economy and to corporate social responsibility. These initiatives will help establish a platform for more stable, durable and responsible mining in Zambia. The Government of Zambia’s (the “Government”) commitments address the ease of doing business in Zambia, covering areas such as expediting immigration procedures in exchange for commitments for local employment levels, competitive pricing of power transmission and power procurement from independent sources which in turn will support renewable energy projects, and measures to ensure the ease of importing and exporting goods. The approvals follow the re-introduction of the deductibility of mineral royalties for corporate income tax assessment purposes that became effective January 2022. This measure realigned Zambia with international best practice. The Government’s commitment to improve the predictability of the mining fiscal regime also provides the certainty needed to support large capital investments in Zambia. Furthermore, First Quantum and the Government have successfully resolved all points of contention that have been stumbling blocks to progress on the S3 Expansion and Enterprise nickel project. This includes reaching agreement in respect to the outstanding value-added tax receivable sum and an approach for repayment based on offsets against future mining taxes and royalties. S3 EXPANSION: The S3 Expansion is expected to transition the current selective high-grade, medium-scale operation to a medium-grade, larger-scale mining operation that will be more appropriate for the higher proportion of primary, lower-grade sulphide ores at depth. As outlined in the NI 43-101 Technical Report filed in September 2020, the S3 Expansion, when completed, will comprise of a standalone 25 million tonne per annum (“Mtpa”) processing plant with a new larger mining fleet that will increase Kansanshi’s total annual throughput to 53 Mtpa. Once the expansion is completed, copper production from Kansanshi is expected to average approximately 250 thousand tonnes per annum (“Ktpa”) for the remaining life of mine to 2044. A significant portion of the initial construction works for the S3 Expansion have been previously undertaken with much of the civil and structural work onsite completed. The remaining work includes completion of the remaining engineering design works, procurement and installation of equipment, electrics, controls and infrastructure. The S3 processing train will comprise of a 28-megawatt SAG mill and a 22-megawatt ball mill. The open pit mine will be expanded to increase the supply of sulphide ore from the Main Pit and extend into the South East Dome deposit. The expanded mining fleet will use similar ultra-class equipment as First Quantum’s other key mines and will benefit from new electrical loading and drilling equipment along with the extension of the current electric trolley assist infrastructure. In parallel with the expansion of the mine and processing facilities, the Company plans to increase the throughput capacity of the Kansanshi smelter from 1.38 Mtpa to 1.65Mtpa of concentrate. This will enable the smelter to produce over 400 Ktpa of copper anode. The total capital expenditures associated with the S3 Expansion is expected to be $1.25 billion, which includes $900 million on the S3 plant and mine fleet and $350 million for pre-stripping of the South East Dome pit. Approximately $800 million of this spending is included in the Company’s current three-year guidance released on January 17, 2022 with the balance falling beyond the guidance period. First production from the S3 Expansion is expected in 2025. ENTERPRISE NICKEL PROJECT: The Enterprise nickel sulphide deposit is located 12 kilometers northwest of the Sentinel copper mine. As outlined in the NI 43-101 Technical Report filed in March 2020, proven and probable reserves at Enterprise total 34.7 million tonnes of ore at 0.99% nickel. The Enterprise nickel project will consist of a single, main open pit and one extension to the southwest. It will utilize the existing 4 Mtpa nickel circuit that was previously built as part of the original Sentinel processing complex. The main workstream to bring the project online will be the pre-strip of waste. The development timeline for Enterprise is expected to be approximately twelve months. At full production, Enterprise is expected to produce an average of 30 Ktpa of nickel in high-grade concentrate. The total capital expenditures associated with the Enterprise nickel project is expected to be approximately $100 million. Pre-stripping of the Enterprise pit of $60 million is included in the three-year guidance provided earlier this year along with $40 million related to infrastructure and plant commissioning. Expected first nickel production of 5,000 to 10,000 tonnes of nickel in 2023 is included in the Company’s three-year guidance.

Canadian (TSX) Copper Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

III

Imperial Metals Corporation Approves Election of Carolyn D. Anglin as Director

CS

Here's Why We Think Capstone Copper (TSE:CS) Is Well Worth Watching

NCU

Consensus forecasts updated

MARI

Marimaca Copper Corp Announces Results from the First Five Reverse Circulation Drill Holes

ERO

Investor sentiment improved over the past week

ASCU

Arizona Sonoran Copper Company Inc. announced that it has received CAD 35 million in funding from Rio Tinto Group, Tembo Capital Management Limited

ALDE

CFO & Director exercised options to buy CA$117k worth of stock.

FDY

Faraday Copper Corp. Delivers Geological Model and Exploration Plan for Copper Creek Project

CMMC

Insider recently bought CA$115k worth of stock

LUN

Lundin Mining Corporation Announces Management Changes

CPER

CopperCorp Resources Inc. Intersects 43.0M At 0.62% Cu in Initial Drilling At Alpine Stellar Zone

TKO

Investor sentiment deteriorated over the past week

FM

First Quantum Minerals Ltd. Announces Board Approval of the Kansanshi S3 Expansion and Enterprise Nickel Project

JOSE

Josemaria Resources to Be Deleted from Other OTC

VCU

No independent directors

ARJN

Less than half of directors are independent