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Canadian (TSX) Copper Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies42
  • 7D13.9%
  • 3M-2.0%
  • 1Y179.1%
  • YTDn/a

Over the last 7 days, the Copper industry has risen 14%, driven by gains from First Quantum Minerals of 17%. During this same period, the Lion Copper and Gold underperformed, falling 9.9%. This means that the industry has gained 179% over the past year. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026CA$84.2bCA$18.7bCA$2.2b9.4x38.5x4.5x
Fri, 06 Mar 2026CA$94.1bCA$18.1bCA$2.0b14.5x47.7x5.2x
Sun, 01 Feb 2026CA$90.8bCA$16.9bCA$873.1m26.2x104x5.4x
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
Price to Earnings Ratio

27.3x


Total Market Cap: CA$41.7bTotal Earnings: CA$1.5bTotal Revenue: CA$17.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -58.6x202420252026
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 38.5x which is higher than its 3-year average PE of -58.6x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 2.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Canadian Copper compare with similar industries?

CA Market3.67%
Materials8.71%
Metals and Mining9.77%
Copper13.93%
Silver11.44%
Precious Metals and Minerals10.27%
Gold9.55%
Diversified Metals and Mining8.24%
Steel3.50%
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$35.958.1%
+CA$2.2b		138.9%PS4.1x
CS Capstone CopperCA$11.095.7%
+CA$458.2m		106.5%PE19.3x
LUN Lundin MiningCA$35.181.4%
+CA$380.3m		283.6%PE20.7x
ERO Ero CopperCA$40.007.9%
+CA$305.5m		191.1%PE11.4x
TKO Taseko MinesCA$9.394.2%
+CA$138.9m		286.4%PS5.1x

Latest News

CS
CA$11.09
Capstone Copper
7D
5.7%
1Y
106.5%
ERO
CA$40.00
Ero Copper
7D
7.9%
1Y
191.1%
XXIX
CA$0.11
XXIX Metal
7D
-8.3%
1Y
29.4%
TKO
CA$9.39
Taseko Mines
7D
4.2%
1Y
286.4%

TKO: Future Media Partnerships Will Likely Outrun Already Rich Expectations

The analyst price target for Taseko Mines has been revised from approximately CA$10.57 to CA$12.61. Analysts attribute this change to updated assumptions, including a higher fair value estimate, a slightly higher discount rate, more conservative revenue growth forecasts, improved profit margin expectations, and a lower future P/E multiple.
FMT
CA$10.80
Fuerte Metals
7D
3.3%
1Y
1,465.2%
SURG
CA$0.54
Surge Copper
7D
-10.0%
1Y
440.0%
FM
CA$35.95
First Quantum Minerals
7D
8.1%
1Y
138.9%
LUN
CA$35.18
Lundin Mining
7D
1.4%
1Y
283.6%

LUN: Future Returns Will Reflect Copper Exposure And Caserones Expansion

The analyst price target for Lundin Mining is now CA$38.54, up from CA$37.25. This change reflects a series of recent target revisions as analysts factor in updated growth, margin and P/E assumptions.
ATMY
CA$1.38
Antimony Resources
7D
-6.1%
1Y
1,523.5%
FDY
CA$4.32
Faraday Copper
7D
2.9%
1Y
483.8%
CUU
CA$0.61
Copper Fox Metals
7D
-3.2%
1Y
154.2%
ASCU
CA$7.33
Arizona Sonoran Copper
7D
4.7%
1Y
300.5%
AXO
CA$0.74
Axo Copper
7D
-3.9%
1Y
n/a
ECU
CA$1.11
Element 29 Resources
7D
-4.3%
1Y
236.4%
LEO
CA$0.36
Lion Copper and Gold
7D
-8.9%
1Y
200.0%
USCU
CA$0.17
US Copper
7D
-10.8%
1Y
230.0%