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Canadian (TSX) Copper Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies41
  • 7D-7.3%
  • 3M-5.7%
  • 1Y74.3%
  • YTDn/a

Over the last 7 days, the Copper industry has dropped 7.3%, driven by Lundin Mining declining 6.9%. On the other hand Bell Copper is actually up 6.7%. In the past year, the industry has gained 74%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026CA$75.6bCA$18.5bCA$2.1b9.2x35.5x4.1x
Fri, 20 Feb 2026CA$88.4bCA$17.4bCA$802.3m22.4x110.2x5.1x
Sun, 18 Jan 2026CA$91.8bCA$17.2bCA$911.9m23.9x100.6x5.3x
Tue, 16 Dec 2025CA$74.6bCA$17.1bCA$904.4m21.4x82.4x4.4x
Thu, 13 Nov 2025CA$67.6bCA$17.3bCA$968.6m22.1x69.8x3.9x
Sat, 11 Oct 2025CA$66.3bCA$16.7bCA$783.8m84.5x84.6x4x
Mon, 08 Sep 2025CA$49.9bCA$16.5bCA$775.5m67.1x64.3x3x
Wed, 06 Aug 2025CA$43.4bCA$16.3bCA$651.9m62.4x66.6x2.7x
Fri, 04 Jul 2025CA$47.7bCA$15.9bCA$403.7m72.2x118.1x3x
Sun, 01 Jun 2025CA$39.2bCA$16.0bCA$412.5m73x95x2.4x
Tue, 29 Apr 2025CA$36.7bCA$15.6bCA$173.6m45.4x211.3x2.4x
Thu, 27 Mar 2025CA$42.5bCA$15.8b-CA$77,072,695.8453.6x-551.7x2.7x
Sat, 22 Feb 2025CA$35.9bCA$15.7bCA$47.9m77.6x748.5x2.3x
Mon, 20 Jan 2025CA$38.0bCA$16.8b-CA$1,821,663,401.8126.7x-20.9x2.3x
Wed, 18 Dec 2024CA$36.6bCA$16.6b-CA$1,795,632,397.5024.2x-20.4x2.2x
Fri, 15 Nov 2024CA$37.2bCA$16.4b-CA$1,764,958,277.8232.9x-21.1x2.3x
Sun, 13 Oct 2024CA$40.5bCA$16.7b-CA$1,728,289,336.7146.2x-23.4x2.4x
Tue, 10 Sep 2024CA$32.2bCA$16.5b-CA$1,702,714,125.2431.1x-18.9x1.9x
Thu, 08 Aug 2024CA$33.8bCA$16.7b-CA$1,792,945,800.4439.7x-18.9x2x
Sat, 06 Jul 2024CA$41.9bCA$16.3b-CA$1,663,032,538.0738.4x-25.2x2.6x
Mon, 03 Jun 2024CA$39.8bCA$16.3b-CA$1,650,767,620.2235.7x-24.1x2.4x
Wed, 01 May 2024CA$39.5bCA$16.2b-CA$1,463,723,073.7217.3x-27x2.4x
Fri, 29 Mar 2024CA$33.5bCA$16.6b-CA$1,144,578,550.5515.8x-29.3x2x
Sun, 25 Feb 2024CA$26.7bCA$16.2b-CA$1,059,121,789.6919.9x-25.2x1.7x
Tue, 23 Jan 2024CA$24.8bCA$17.3bCA$986.7m17.7x25.2x1.4x
Thu, 21 Dec 2023CA$25.5bCA$17.1bCA$969.9m18.7x26.3x1.5x
Sat, 18 Nov 2023CA$24.9bCA$17.6bCA$999.9m14.9x24.9x1.4x
Mon, 16 Oct 2023CA$36.3bCA$16.5bCA$839.2m16.3x43.2x2.2x
Wed, 13 Sep 2023CA$41.5bCA$16.4bCA$832.1m19.7x49.8x2.5x
Fri, 11 Aug 2023CA$43.4bCA$16.3bCA$293.5m24.7x147.8x2.7x
Sun, 09 Jul 2023CA$39.5bCA$16.4bCA$699.0m26.3x56.5x2.4x
Tue, 06 Jun 2023CA$37.4bCA$16.6bCA$710.1m23.4x52.7x2.3x
Thu, 04 May 2023CA$40.8bCA$17.1bCA$1.1b20.6x38.8x2.4x
Sat, 01 Apr 2023CA$37.7bCA$17.6bCA$1.5b15.3x24.4x2.1x
Price to Earnings Ratio

24.4x


Total Market Cap: CA$37.7bTotal Earnings: CA$1.5bTotal Revenue: CA$17.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -58.8x202420252026
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 35.5x which is higher than its 3-year average PE of -58.8x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have grown 11% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does Canadian Copper compare with similar industries?

CA Market-2.66%
Materials-9.00%
Metals and Mining-9.73%
Copper-7.29%
Aluminum0%0
Steel-0.65%
Diversified Metals and Mining-7.91%
Silver-9.31%
Precious Metals and Minerals-10.27%
Gold-10.51%
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
BCU Bell CopperCA$0.086.7%
+CA$723.8k		128.6%PB1.2x
DCOP District CopperCA$0.070%
CA$367.5k		16.7%PB2.4x

Latest News

LUN
CA$31.79
Lundin Mining
7D
-6.9%
1Y
139.4%

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.
DCOP
CA$0.07
District Copper
7D
0%
1Y
16.7%
FDY
CA$3.80
Faraday Copper
7D
-15.0%
1Y
322.2%
CS
CA$9.88
Capstone Copper
7D
-10.7%
1Y
13.4%

CS: Later Mantoverde Inflection Will Support Future Margin Upside Potential

Capstone Copper's updated narrative reflects a modest reset in analyst expectations, with recent Street research trimming individual price targets into a CA$15.50 to CA$19.00 range as analysts factor in lower projected revenue growth, higher discount rates, and a later production and cost inflection tied to Mantoverde, while still assuming stronger profit margins and a lower future P/E multiple. Analyst Commentary Recent research on Capstone Copper reflects a more cautious tone, with several bearish analysts trimming price targets and rethinking how much execution risk and timing risk to build into their models.
TKO
CA$8.18
Taseko Mines
7D
-10.5%
1Y
128.5%

TKO: Future Copper Ramp Up At Florence Is Expected To Support Earnings

Analysts have maintained their CA$13.50 price target for Taseko Mines, citing only small model adjustments to discount rate, revenue growth and profit margin assumptions, rather than any major shift in their view of the company. Analyst Commentary Recent research on Taseko Mines sits against a backdrop of active commentary in the broader market, where several companies are seeing frequent target changes and rating shifts.
ERO
CA$33.99
Ero Copper
7D
-7.3%
1Y
70.2%

ERO: Copper Price Upswing And Furnas Project Will Shape Outlook

Our fair value estimate for Ero Copper edges up from CA$46.33 to CA$47.90. This echoes a series of recent analyst price target increases into the CA$50 to CA$52 range that are supported by a higher assumed future P/E multiple and updated copper market views.
BCU
CA$0.08
Bell Copper
7D
6.7%
1Y
128.6%
ASCU
CA$6.26
Arizona Sonoran Copper
7D
-10.4%
1Y
161.9%
FM
CA$31.39
First Quantum Minerals
7D
-4.4%
1Y
38.6%
FMT
CA$9.22
Fuerte Metals
7D
-15.7%
1Y
1,067.1%