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Canadian (TSX) Copper Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies41
  • 7D-7.3%
  • 3M36.6%
  • 1Y135.2%
  • YTDn/a

Over the last 7 days, the Copper industry has dropped 7.3%, driven by a pullback from First Quantum Minerals of 9.8%. This takes the industry's 12 month performance to a gain of 135%. Looking forward, earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026CA$97.2bCA$17.0bCA$876.5m27.5x110.9x5.7x
Sun, 04 Jan 2026CA$82.3bCA$17.0bCA$894.3m23.1x92x4.8x
Tue, 02 Dec 2025CA$71.1bCA$17.3bCA$921.1m20.4x77.2x4.1x
Thu, 30 Oct 2025CA$65.6bCA$16.7bCA$565.8m89.2x115.9x3.9x
Sat, 27 Sep 2025CA$57.9bCA$16.6bCA$780.6m79.5x74.2x3.5x
Mon, 25 Aug 2025CA$47.9bCA$16.5bCA$772.0m63.7x62x2.9x
Wed, 23 Jul 2025CA$44.5bCA$15.9bCA$404.2m67.7x110x2.8x
Fri, 20 Jun 2025CA$42.1bCA$16.0bCA$406.6m64.4x103.5x2.6x
Sun, 18 May 2025CA$36.8bCA$16.3bCA$411.8m69.9x89.5x2.3x
Tue, 15 Apr 2025CA$31.1bCA$15.4b-CA$14,372,083.1540x-2165.3x2x
Thu, 13 Mar 2025CA$35.9bCA$15.9b-CA$71,938,070.5749.9x-499.2x2.3x
Sat, 08 Feb 2025CA$37.7bCA$16.6b-CA$1,804,666,317.1927x-20.9x2.3x
Mon, 06 Jan 2025CA$37.2bCA$16.8b-CA$1,814,949,057.7224.4x-20.5x2.2x
Wed, 04 Dec 2024CA$38.8bCA$16.4b-CA$1,766,026,245.3428.2x-22x2.4x
Fri, 01 Nov 2024CA$39.8bCA$15.9b-CA$2,041,345,260.2441.5x-19.5x2.5x
Sun, 29 Sep 2024CA$41.1bCA$16.5b-CA$1,697,937,221.9341.7x-24.2x2.5x
Tue, 27 Aug 2024CA$38.2bCA$16.4b-CA$1,665,199,003.6835.6x-22.9x2.3x
Thu, 25 Jul 2024CA$36.6bCA$16.5b-CA$1,685,038,907.2432x-21.7x2.2x
Sat, 22 Jun 2024CA$38.6bCA$16.4b-CA$1,670,901,776.3034.4x-23.1x2.4x
Mon, 20 May 2024CA$44.5bCA$16.3b-CA$1,650,504,020.5440x-27x2.7x
Wed, 17 Apr 2024CA$36.8bCA$17.0b-CA$1,142,854,874.6617.1x-32.2x2.2x
Fri, 15 Mar 2024CA$32.9bCA$16.6b-CA$1,140,214,659.5314.5x-28.9x2x
Sun, 11 Feb 2024CA$25.8bCA$16.9bCA$1.0b19.3x24.7x1.5x
Tue, 09 Jan 2024CA$26.6bCA$17.1bCA$976.2m19.9x27.3x1.6x
Thu, 07 Dec 2023CA$22.8bCA$17.4bCA$988.8m15.9x23.1x1.3x
Sat, 04 Nov 2023CA$26.5bCA$17.5bCA$1.2b15.3x22.7x1.5x
Mon, 02 Oct 2023CA$38.6bCA$16.4bCA$833.5m18.6x46.3x2.4x
Wed, 30 Aug 2023CA$42.1bCA$16.4bCA$824.3m25.2x51x2.6x
Fri, 28 Jul 2023CA$44.4bCA$15.9bCA$263.2m38.9x168.8x2.8x
Sun, 25 Jun 2023CA$38.6bCA$16.3bCA$692.7m25.8x55.8x2.4x
Tue, 23 May 2023CA$38.9bCA$16.7bCA$702.7m24.9x55.4x2.3x
Thu, 20 Apr 2023CA$41.9bCA$17.6bCA$1.5b16.9x27.2x2.4x
Sat, 18 Mar 2023CA$32.6bCA$17.9bCA$1.7b12.6x19.7x1.8x
Mon, 13 Feb 2023CA$33.2bCA$17.8bCA$2.0b10.1x16.4x1.9x
Price to Earnings Ratio

16.4x


Total Market Cap: CA$33.2bTotal Earnings: CA$2.0bTotal Revenue: CA$17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -60.7x202420252026
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 111x which is higher than its 3-year average PE of -60.8x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 5.7x.
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-1.32%
Materials-8.37%
Metals and Mining-9.37%
Copper-7.26%
Steel2.83%
Aluminum0%0
Diversified Metals and Mining-6.71%
Precious Metals and Minerals-9.85%
Gold-10.04%
Silver-14.03%
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
LEO Lion Copper and GoldCA$0.278.2%
+CA$9.2m		231.3%PB64.4x
WCU World CopperCA$0.01550.0%
+CA$1.3m		-70.0%PB0.3x
ATCU Alta CopperCA$1.340.8%
+CA$942.1k		243.6%PB1.3x
CLUS Colossus ResourcesCA$0.1011.1%
+CA$210.5k		0%PE-6.6x

Latest News

TKO
CA$10.40
Taseko Mines
7D
-10.5%
1Y
264.9%

TKO: Future Sponsorship Levers Will Likely Fall Short Of Implied Upside

Analysts raised their fair value estimate for Taseko Mines from about $7.72 to $10.57 per share, citing updated models that incorporate revised discount rates, slightly higher assumed revenue growth and profit margins, and a higher projected P/E multiple. Analyst Commentary Recent Street research on another company, TKO Group, highlights how analysts are thinking about valuation, execution, and growth levers in their models.
MARI
CA$11.27
Marimaca Copper
7D
-10.3%
1Y
100.2%
ERO
CA$43.18
Ero Copper
7D
-15.7%
1Y
129.1%

Ramp Up At Tucumã And Mechanization At Xavantina Will Reshape Long Term Outlook

Catalysts About Ero Copper Ero Copper is a base and precious metals producer with copper operations at Caraíba and Tucumã and a gold operation at Xavantina, all in Brazil. What are the underlying business or industry changes driving this perspective?
FM
CA$35.58
First Quantum Minerals
7D
-14.7%
1Y
83.6%

Cobre Panamá Uncertainty And Rising Zambian Costs Will Pressure Margins And Future Cash Flows

Catalysts About First Quantum Minerals First Quantum Minerals is a global mining company focused on producing copper, nickel and gold from operations in Zambia, Panama, Turkey, Finland and other jurisdictions. What are the underlying business or industry changes driving this perspective?
CS
CA$14.93
Capstone Copper
7D
-10.4%
1Y
79.0%
LUN
CA$32.40
Lundin Mining
7D
-12.8%
1Y
170.5%
CLUS
CA$0.10
Colossus Resources
7D
11.1%
1Y
0%
III
CA$11.43
Imperial Metals
7D
-13.1%
1Y
454.9%
ASCU
CA$5.36
Arizona Sonoran Copper
7D
-11.3%
1Y
174.9%
LEO
CA$0.27
Lion Copper and Gold
7D
8.2%
1Y
231.3%
ATCU
CA$1.34
Alta Copper
7D
0.8%
1Y
243.6%
WCU
CA$0.015
World Copper
7D
50.0%
1Y
-70.0%