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Canadian (TSX) Copper Industry Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies41
  • 7D3.3%
  • 3M45.7%
  • 1Y153.1%
  • YTDn/a

Over the last 7 days, the Copper industry has remained flat, although notably Capstone Copper gained 7.6%. The past year has been better, since the industry has gained 139% in that time. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 27 Jan 2026CA$92.7bCA$17.0bCA$898.1m26.5x103.2x5.5x
Thu, 25 Dec 2025CA$80.5bCA$17.0bCA$890.3m22.6x90.4x4.7x
Sat, 22 Nov 2025CA$63.3bCA$17.4bCA$928.2m19.1x68.2x3.6x
Mon, 20 Oct 2025CA$62.9bCA$16.7bCA$784.4m80x80.2x3.8x
Wed, 17 Sep 2025CA$52.8bCA$16.4bCA$770.0m68.6x68.6x3.2x
Fri, 15 Aug 2025CA$47.7bCA$16.5bCA$762.4m63.5x62.6x2.9x
Sun, 13 Jul 2025CA$44.6bCA$16.0bCA$407.1m66.3x109.5x2.8x
Tue, 10 Jun 2025CA$42.6bCA$16.0bCA$407.4m67.7x104.6x2.7x
Thu, 08 May 2025CA$36.5bCA$15.9bCA$219.3m59.5x166.6x2.3x
Sat, 05 Apr 2025CA$33.9bCA$15.8b-CA$17,602,238.9837x-1926.7x2.2x
Mon, 03 Mar 2025CA$35.9bCA$15.9bCA$72.4m61.2x495.7x2.3x
Wed, 29 Jan 2025CA$36.5bCA$16.7b-CA$1,812,989,403.7225.6x-20.1x2.2x
Fri, 27 Dec 2024CA$36.9bCA$16.7b-CA$1,808,089,976.2924.3x-20.4x2.2x
Sun, 24 Nov 2024CA$39.7bCA$16.3b-CA$1,756,071,499.8733.5x-22.6x2.4x
Tue, 22 Oct 2024CA$40.0bCA$16.8b-CA$1,737,329,366.8741.2x-23x2.4x
Thu, 19 Sep 2024CA$36.8bCA$16.6b-CA$1,707,511,619.2630x-21.5x2.2x
Sat, 17 Aug 2024CA$36.6bCA$16.6b-CA$1,744,689,005.0742.6x-21x2.2x
Mon, 15 Jul 2024CA$42.1bCA$16.3b-CA$1,663,372,990.5638.3x-25.3x2.6x
Wed, 12 Jun 2024CA$38.8bCA$16.4b-CA$1,677,748,272.3433.9x-23.1x2.4x
Fri, 10 May 2024CA$40.8bCA$16.4b-CA$1,681,175,801.4036.5x-24.3x2.5x
Sun, 07 Apr 2024CA$37.2bCA$16.7b-CA$1,124,242,191.7317.2x-33.1x2.2x
Tue, 05 Mar 2024CA$29.6bCA$16.6b-CA$1,218,128,357.0824.6x-24.3x1.8x
Thu, 01 Feb 2024CA$27.0bCA$17.2bCA$983.0m19.3x27.4x1.6x
Sat, 30 Dec 2023CA$25.4bCA$17.0bCA$967.6m19.2x26.3x1.5x
Mon, 27 Nov 2023CA$24.5bCA$17.5bCA$996.0m15.9x24.6x1.4x
Wed, 25 Oct 2023CA$34.3bCA$16.5bCA$841.9m15.2x40.8x2.1x
Fri, 22 Sep 2023CA$38.8bCA$16.3bCA$826.5m18.6x46.9x2.4x
Sun, 20 Aug 2023CA$39.6bCA$16.4bCA$817.1m23.1x48.5x2.4x
Tue, 18 Jul 2023CA$42.3bCA$16.3bCA$692.8m27.9x61x2.6x
Thu, 15 Jun 2023CA$38.9bCA$16.4bCA$702.5m26.3x55.4x2.4x
Sat, 13 May 2023CA$38.7bCA$16.7bCA$701.0m24x55.2x2.3x
Mon, 10 Apr 2023CA$38.0bCA$17.6bCA$1.5b15.5x24.5x2.2x
Wed, 08 Mar 2023CA$36.5bCA$18.0bCA$1.7b11.3x21.4x2x
Fri, 03 Feb 2023CA$36.2bCA$17.8bCA$2.0b11x17.8x2x
Price to Earnings Ratio

17.8x


Total Market Cap: CA$36.2bTotal Earnings: CA$2.0bTotal Revenue: CA$17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -61.6x202420252026
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 103x which is higher than its 3-year average PE of -61.6x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 5.5x.
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 Market0.94%
Materials6.46%
Metals and Mining6.81%
Copper3.26%
Silver12.48%
Precious Metals and Minerals10.89%
Diversified Metals and Mining8.11%
Gold6.61%
Aluminum0%0
Steel-3.88%
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
CS Capstone CopperCA$15.577.6%
+CA$840.0m		89.6%PE27.9x
ERO Ero CopperCA$45.8510.2%
+CA$440.5m		135.2%PE25.2x
LUN Lundin MiningCA$35.291.4%
+CA$410.1m		193.6%PE103.7x
FM First Quantum MineralsCA$41.411.0%
+CA$339.5m		128.8%PE543.6x
TKO Taseko MinesCA$10.749.6%
+CA$338.9m		296.3%PS6.5x

Latest News

FDY
CA$3.28
Faraday Copper
7D
8.6%
1Y
349.3%
CLUS
CA$0.08
Colossus Resources
7D
-20.0%
1Y
-15.8%
TKO
CA$10.74
Taseko Mines
7D
9.6%
1Y
296.3%
LUN
CA$35.29
Lundin Mining
7D
1.4%
1Y
193.6%

LUN: Future Returns Will Hinge On Metals Cycles Versus Legal And Macro Risks

The updated analyst price target for Lundin Mining has shifted higher to reflect a fair value move from $28.28 to $32.34, as analysts factor in refreshed commodity price forecasts, a slightly lower discount rate of 7.21% and higher expected future P/E multiples, even as they incorporate more cautious assumptions on revenue growth and profit margins. Analyst Commentary Recent Street research on Lundin Mining shows a mix of optimism and caution, with several firms adjusting price targets in different currencies and maintaining a range of ratings from Buy and Outperform to Neutral and Equal Weight.
III
CA$13.14
Imperial Metals
7D
14.4%
1Y
570.4%
ERO
CA$45.85
Ero Copper
7D
10.2%
1Y
135.2%
CS
CA$15.57
Capstone Copper
7D
7.6%
1Y
89.6%

CS: Fair Value View Will Balance Mantoverde Strike Risk And Upgraded Outlook

Narrative Update The implied fair value estimate for Capstone Copper has moved from about C$8.34 to roughly C$14.06, with analysts pointing to updated assumptions for revenue growth, profit margins and future P/E, reflected in the recent C$1 to C$3 price target increases from multiple firms. Analyst Commentary Recent research on Capstone Copper shows a mix of optimism and caution, with several firms adjusting their price targets and at least one turning more neutral on the shares.
XXIX
CA$0.14
XXIX Metal
7D
-3.4%
1Y
21.7%
KBX
CA$0.62
Kobrea Exploration
7D
-4.6%
1Y
3.3%
SURG
CA$0.55
Surge Copper
7D
-5.2%
1Y
511.1%
FM
CA$41.41
First Quantum Minerals
7D
1.0%
1Y
128.8%
AVE
CA$0.22
Aventis Energy
7D
-8.3%
1Y
29.4%
DCOP
CA$0.055
District Copper
7D
-15.4%
1Y
22.2%
FMT
CA$7.25
Fuerte Metals
7D
13.3%
1Y
853.9%
LEO
CA$0.25
Lion Copper and Gold
7D
-3.8%
1Y
212.5%
ATCU
CA$1.35
Alta Copper
7D
-2.2%
1Y
237.5%