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Canadian (TSX) Copper Industry Analysis

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies41
  • 7D4.0%
  • 3M40.8%
  • 1Y100.2%
  • YTDn/a

The Copper industry is up 4.0% in the last week, with First Quantum Minerals up 5.7%. In the same time, Aldebaran Resources was down 13%. This takes the industry's 12 month performance to a gain of 100%. 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
Sun, 21 Dec 2025CA$77.6bCA$17.1bCA$905.4m21.6x85.7x4.5x
Tue, 18 Nov 2025CA$67.6bCA$17.4bCA$926.5m21x73x3.9x
Thu, 16 Oct 2025CA$65.7bCA$16.7bCA$786.3m88x83.5x3.9x
Sat, 13 Sep 2025CA$51.9bCA$16.5bCA$775.2m66.4x67x3.1x
Mon, 11 Aug 2025CA$47.4bCA$16.4bCA$762.7m64.9x62.2x2.9x
Wed, 09 Jul 2025CA$46.8bCA$16.0bCA$407.1m69.7x115x2.9x
Fri, 06 Jun 2025CA$41.4bCA$16.0bCA$406.7m68.2x101.9x2.6x
Sun, 04 May 2025CA$35.7bCA$15.8bCA$113.5m45.4x314.4x2.3x
Tue, 01 Apr 2025CA$37.8bCA$15.9b-CA$3,629,038.8647.3x-10417.1x2.4x
Thu, 27 Feb 2025CA$36.1bCA$15.8bCA$48.9m77.9x737x2.3x
Sat, 25 Jan 2025CA$37.6bCA$16.7b-CA$1,806,726,982.1727.3x-20.8x2.3x
Mon, 23 Dec 2024CA$36.7bCA$16.7b-CA$1,802,838,586.6224.2x-20.3x2.2x
Wed, 20 Nov 2024CA$38.5bCA$16.3b-CA$1,753,950,130.1133.7x-21.9x2.4x
Fri, 18 Oct 2024CA$39.7bCA$16.8b-CA$1,732,891,116.1344.2x-22.9x2.4x
Sun, 15 Sep 2024CA$36.0bCA$16.5b-CA$1,706,065,791.6431x-21.1x2.2x
Tue, 13 Aug 2024CA$34.1bCA$16.7b-CA$1,790,342,919.3241.8x-19.1x2x
Thu, 11 Jul 2024CA$40.6bCA$16.3b-CA$1,661,732,289.0438.2x-24.4x2.5x
Sat, 08 Jun 2024CA$39.1bCA$16.4b-CA$1,668,898,006.9532.9x-23.4x2.4x
Mon, 06 May 2024CA$40.3bCA$16.4b-CA$1,637,455,537.3523.1x-24.6x2.5x
Wed, 03 Apr 2024CA$34.6bCA$16.7b-CA$1,147,339,798.7416.7x-30.2x2.1x
Fri, 01 Mar 2024CA$26.3bCA$16.6b-CA$1,209,113,394.9623.8x-21.7x1.6x
Sun, 28 Jan 2024CA$26.9bCA$17.2bCA$983.5m19.1x27.3x1.6x
Tue, 26 Dec 2023CA$25.7bCA$17.0bCA$968.4m19.2x26.5x1.5x
Thu, 23 Nov 2023CA$25.3bCA$17.6bCA$1.0b15.3x25.2x1.4x
Sat, 21 Oct 2023CA$34.9bCA$16.5bCA$843.1m15.3x41.3x2.1x
Mon, 18 Sep 2023CA$42.2bCA$16.3bCA$829.6m19.9x50.8x2.6x
Wed, 16 Aug 2023CA$40.0bCA$16.3bCA$808.5m23.5x49.5x2.5x
Fri, 14 Jul 2023CA$42.7bCA$16.2bCA$687.2m28.8x62.1x2.6x
Sun, 11 Jun 2023CA$37.1bCA$16.5bCA$703.4m24.1x52.7x2.3x
Tue, 09 May 2023CA$43.5bCA$16.5bCA$762.0m26.9x57.1x2.6x
Thu, 06 Apr 2023CA$37.9bCA$17.6bCA$1.5b15.4x24.6x2.2x
Sat, 04 Mar 2023CA$38.7bCA$17.8bCA$1.7b12.4x23x2.2x
Mon, 30 Jan 2023CA$38.1bCA$17.8bCA$2.0b11.2x18.8x2.1x
Wed, 28 Dec 2022CA$33.0bCA$18.1bCA$2.1b9.3x15.9x1.8x
Price to Earnings Ratio

15.9x


Total Market Cap: CA$33.0bTotal Earnings: CA$2.1bTotal Revenue: CA$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -64.2x202320242025
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 85.7x which is higher than its 3-year average PE of -64.2x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 4.5x.
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 Market0.36%
Materials2.43%
Metals and Mining2.74%
Copper4.01%
Diversified Metals and Mining3.90%
Precious Metals and Minerals3.85%
Silver3.03%
Gold2.32%
Steel1.64%
Aluminum0%0
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$35.175.7%
+CA$1.6b		87.0%PE458.8x
LUN Lundin MiningCA$28.304.0%
+CA$932.8m		129.1%PE82.8x
ERO Ero CopperCA$36.224.1%
+CA$146.5m		90.2%PE19.8x
III Imperial MetalsCA$9.049.2%
+CA$135.3m		368.4%PE8.8x
CUU Copper Fox MetalsCA$0.5541.0%
+CA$93.1m		124.5%PB3.8x

Latest News

LUN
CA$28.30
Lundin Mining
7D
4.0%
1Y
129.1%

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$5.20
Fuerte Metals
7D
14.5%
1Y
519.0%
CS
CA$13.19
Capstone Copper
7D
-0.2%
1Y
48.9%

Is Now The Time To Put Capstone Copper (TSE:CS) On Your Watchlist?

Dec 19
Is Now The Time To Put Capstone Copper (TSE:CS) On Your Watchlist?
ERO
CA$36.22
Ero Copper
7D
4.1%
1Y
90.2%

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.
KRY
CA$2.23
Koryx Copper
7D
14.9%
1Y
120.8%
MARI
CA$10.95
Marimaca Copper
7D
-3.2%
1Y
121.2%
ASCU
CA$4.65
Arizona Sonoran Copper
7D
-0.4%
1Y
232.1%
FDY
CA$2.57
Faraday Copper
7D
12.7%
1Y
229.5%
FM
CA$35.17
First Quantum Minerals
7D
5.7%
1Y
87.0%
LVX
CA$0.45
Leviathan Metals
7D
-16.0%
1Y
790.0%
III
CA$9.04
Imperial Metals
7D
9.2%
1Y
368.4%
LEO
CA$0.20
Lion Copper and Gold
7D
-11.1%
1Y
185.7%
CCI
CA$0.38
Canadian Copper
7D
-8.5%
1Y
167.9%
ALDE
CA$3.20
Aldebaran Resources
7D
-13.3%
1Y
50.9%
ECU
CA$1.00
Element 29 Resources
7D
-2.0%
1Y
78.6%
CUU
CA$0.55
Copper Fox Metals
7D
41.0%
1Y
124.5%