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Canadian (TSX) Copper Industry Analysis

UpdatedDec 07, 2025
DataAggregated Company Financials
Companies41
  • 7D2.4%
  • 3M44.3%
  • 1Y75.6%
  • YTDn/a

Over the last 7 days, the Copper industry has risen 2.4%, driven by gains from First Quantum Minerals of 4.6%. This takes the industry's 12 month performance to a gain of 76%. Looking forward, 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, 07 Dec 2025CA$73.0bCA$17.1bCA$908.2m21x80.3x4.3x
Tue, 04 Nov 2025CA$64.6bCA$17.1bCA$890.3m21.5x72.6x3.8x
Thu, 02 Oct 2025CA$62.8bCA$16.6bCA$780.5m83.3x80.5x3.8x
Sat, 30 Aug 2025CA$47.8bCA$16.4bCA$758.3m64.9x63.1x2.9x
Mon, 28 Jul 2025CA$44.7bCA$16.0bCA$495.1m62.8x90.4x2.8x
Wed, 25 Jun 2025CA$43.1bCA$16.0bCA$407.5m65.9x105.9x2.7x
Fri, 23 May 2025CA$37.4bCA$16.2bCA$408.0m68.6x91.8x2.3x
Sun, 20 Apr 2025CA$32.1bCA$15.4b-CA$14,382,103.4939.8x-2230.1x2.1x
Tue, 18 Mar 2025CA$39.8bCA$15.8b-CA$72,067,508.1453.9x-552x2.5x
Thu, 13 Feb 2025CA$39.1bCA$16.7bCA$403.3m53.5x96.9x2.3x
Sat, 11 Jan 2025CA$39.3bCA$16.7b-CA$1,812,712,363.5524.2x-21.7x2.3x
Mon, 09 Dec 2024CA$39.3bCA$16.5b-CA$1,776,325,500.3827.4x-22.1x2.4x
Wed, 06 Nov 2024CA$38.5bCA$15.9b-CA$1,967,830,059.9242.1x-19.5x2.4x
Fri, 04 Oct 2024CA$41.3bCA$16.5b-CA$1,702,914,036.0542.1x-24.2x2.5x
Sun, 01 Sep 2024CA$37.7bCA$16.4b-CA$1,690,492,629.5633.7x-22.3x2.3x
Tue, 30 Jul 2024CA$36.9bCA$16.0b-CA$1,882,609,835.4331.9x-19.6x2.3x
Thu, 27 Jun 2024CA$39.2bCA$16.4b-CA$1,671,092,631.9936.7x-23.5x2.4x
Sat, 25 May 2024CA$41.0bCA$16.3b-CA$1,657,034,124.0638.2x-24.7x2.5x
Mon, 22 Apr 2024CA$38.3bCA$16.9b-CA$1,136,484,559.4817.2x-33.7x2.3x
Wed, 20 Mar 2024CA$32.9bCA$16.7b-CA$1,142,121,042.6914.7x-28.8x2x
Fri, 16 Feb 2024CA$25.5bCA$17.0bCA$1.0b18.3x24.5x1.5x
Sun, 14 Jan 2024CA$26.7bCA$17.2bCA$980.6m18.7x27.2x1.6x
Tue, 12 Dec 2023CA$23.0bCA$17.4bCA$987.1m16.9x23.3x1.3x
Thu, 09 Nov 2023CA$25.3bCA$17.6bCA$1.1b13.7x23.2x1.4x
Sat, 07 Oct 2023CA$36.6bCA$16.5bCA$839.6m17.6x43.6x2.2x
Mon, 04 Sep 2023CA$43.6bCA$16.4bCA$835.3m21x52.2x2.7x
Wed, 02 Aug 2023CA$45.8bCA$16.0bCA$258.2m39.9x177.5x2.9x
Fri, 30 Jun 2023CA$38.1bCA$16.3bCA$696.8m25.8x54.7x2.3x
Sun, 28 May 2023CA$37.3bCA$16.8bCA$714.8m23.8x52.2x2.2x
Tue, 25 Apr 2023CA$39.9bCA$17.7bCA$1.6b16.7x25.7x2.3x
Thu, 23 Mar 2023CA$34.4bCA$17.9bCA$1.6b13.6x21.4x1.9x
Sat, 18 Feb 2023CA$34.0bCA$17.9bCA$1.8b10.9x19x1.9x
Mon, 16 Jan 2023CA$37.5bCA$17.9bCA$2.0b10.4x18.3x2.1x
Wed, 14 Dec 2022CA$35.2bCA$18.1bCA$2.1b9.6x17x1.9x
Price to Earnings Ratio

17x


Total Market Cap: CA$35.2bTotal Earnings: CA$2.1bTotal Revenue: CA$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -65x202320242025
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 80.3x which is higher than its 3-year average PE of -65.0x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 4.3x.
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 Market-0.19%
Materials-1.27%
Metals and Mining-1.46%
Copper2.43%
Diversified Metals and Mining2.30%
Precious Metals and Minerals2.01%
Steel0.93%
Aluminum0%0
Silver-1.76%
Gold-2.78%
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$33.314.6%
+CA$1.2b		63.4%PE433.6x
CS Capstone CopperCA$13.075.3%
+CA$503.9m		42.8%PE23.2x
ASCU Arizona Sonoran CopperCA$4.175.8%
+CA$148.7m		187.6%PB3.9x
ALDE Aldebaran ResourcesCA$3.9813.1%
+CA$78.2m		99.0%PB4.8x
FDY Faraday CopperCA$2.179.6%
+CA$47.6m		185.5%PB8.3x

Latest News

VCU
CA$1.13
Vizsla Copper
7D
-19.3%
1Y
73.8%
LUN
CA$25.77
Lundin Mining
7D
-1.3%
1Y
87.6%

LUN: Future Returns Will Balance Metal Price Leverage And Legal Environmental Risks

Our analyst price target for Lundin Mining has edged lower to approximately $24.55 from about $25.28, as analysts factor in a slightly higher discount rate alongside modestly stronger long term revenue growth expectations amid a mixed macro backdrop and a series of both upward and downward target revisions across the Street. Analyst Commentary Recent Street research on Lundin Mining reflects a balanced mix of optimism and caution, with a cluster of target revisions across multiple currencies signaling active debate around the company’s medium term earnings power and appropriate valuation multiple.
FM
CA$33.31
First Quantum Minerals
7D
4.6%
1Y
63.4%
AXO
CA$0.42
Axo Copper
7D
-6.7%
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
FDY
CA$2.17
Faraday Copper
7D
9.6%
1Y
185.5%

We Think Faraday Copper (TSE:FDY) Can Afford To Drive Business Growth

Dec 04
We Think Faraday Copper (TSE:FDY) Can Afford To Drive Business Growth
ASCU
CA$4.17
Arizona Sonoran Copper
7D
5.8%
1Y
187.6%
FMT
CA$4.70
Fuerte Metals
7D
-2.1%
1Y
405.4%
TKO
CA$7.32
Taseko Mines
7D
-0.3%
1Y
164.3%

TKO: New Media Rights and Sponsorship Deals Will Drive Balanced Outlook

Analysts have slightly raised their price target for Taseko Mines to $7.08 from $7.04. They cite incremental improvements in projected revenue growth and a lower discount rate as key factors supporting the update.
ERO
CA$34.58
Ero Copper
7D
-1.8%
1Y
72.3%

ERO: Surprise Gold Windfall And Critical Mineral Listing Will Shape Outlook

Ero Copper's analyst price target has increased modestly from C$35.33 to C$35.80, as analysts cite positive catalysts including surprise gold windfall developments and upwardly revised commodity forecasts. Analyst Commentary Recent analyst actions reflect both increased optimism and newly noted risks surrounding Ero Copper.
SICO
CA$5.50
Silverco Mining
7D
-4.3%
1Y
n/a
WCU
CA$0.005
World Copper
7D
-50.0%
1Y
-92.9%
III
CA$7.77
Imperial Metals
7D
2.2%
1Y
270.0%
CS
CA$13.07
Capstone Copper
7D
5.3%
1Y
42.8%

CS: Rising Gold Prices Will Drive Share Outperformance After Recent Project Developments

Capstone Copper’s analyst price target has been modestly reduced to C$15.01 from C$15.01, as analysts adjust their expectations in response to recent changes in growth and profitability outlooks. This reflects mixed sector research updates.
SURG
CA$0.41
Surge Copper
7D
41.4%
1Y
355.6%

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
MARI
CA$11.25
Marimaca Copper
7D
2.4%
1Y
142.5%
ALDE
CA$3.98
Aldebaran Resources
7D
13.1%
1Y
99.0%