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Canadian (TSX) Copper Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies40
  • 7D6.6%
  • 3M33.1%
  • 1Y119.6%
  • YTDn/a

In the last week, the Copper industry is up 6.6%, with Lundin Mining up 10%. Meanwhile, Copper Fox Metals actually underperformed within the industry, shrinking 11% in the last week. In the last 12 months, the industry was up 120%. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026CA$84.2bCA$17.2bCA$911.7m23.1x92.3x4.9x
Tue, 09 Dec 2025CA$73.0bCA$17.2bCA$910.1m20.7x80.2x4.2x
Thu, 06 Nov 2025CA$61.1bCA$17.2bCA$893.8m20.6x68.4x3.6x
Sat, 04 Oct 2025CA$63.4bCA$16.6bCA$781.1m85.1x81.2x3.8x
Mon, 01 Sep 2025CA$48.7bCA$16.4bCA$769.1m64.9x63.3x3x
Wed, 30 Jul 2025CA$44.8bCA$16.1bCA$499.3m61.6x89.7x2.8x
Fri, 27 Jun 2025CA$43.1bCA$15.9bCA$404.5m70.8x106.6x2.7x
Sun, 25 May 2025CA$39.0bCA$16.0bCA$413.1m71x94.4x2.4x
Tue, 22 Apr 2025CA$32.1bCA$15.4b-CA$14,386,672.1539.1x-2229.4x2.1x
Thu, 20 Mar 2025CA$41.3bCA$15.8b-CA$72,037,770.4256.3x-572.9x2.6x
Sat, 15 Feb 2025CA$40.7bCA$16.5bCA$399.9m57.6x101.7x2.5x
Mon, 13 Jan 2025CA$37.7bCA$16.7b-CA$1,803,694,533.5524.2x-20.9x2.2x
Wed, 11 Dec 2024CA$39.8bCA$16.5b-CA$1,779,323,496.1726.5x-22.4x2.4x
Fri, 08 Nov 2024CA$39.0bCA$16.2b-CA$1,738,594,923.2533.6x-22.4x2.4x
Sun, 06 Oct 2024CA$41.1bCA$16.5b-CA$1,705,467,422.8841.6x-24.1x2.5x
Tue, 03 Sep 2024CA$37.7bCA$16.4b-CA$1,692,662,071.8133.6x-22.3x2.3x
Thu, 01 Aug 2024CA$37.1bCA$16.6b-CA$1,756,631,822.0239.3x-21.1x2.2x
Sat, 29 Jun 2024CA$40.7bCA$16.4b-CA$1,669,198,448.3835.8x-24.4x2.5x
Mon, 27 May 2024CA$41.7bCA$16.3b-CA$1,657,033,405.4438.2x-25.2x2.6x
Wed, 24 Apr 2024CA$36.8bCA$16.8b-CA$1,129,214,854.9816.4x-32.6x2.2x
Fri, 22 Mar 2024CA$33.7bCA$16.6b-CA$1,139,342,497.1515.3x-29.6x2x
Sun, 18 Feb 2024CA$26.9bCA$17.0bCA$1.0b19.3x25.9x1.6x
Tue, 16 Jan 2024CA$27.0bCA$17.2bCA$982.6m18.7x27.5x1.6x
Thu, 14 Dec 2023CA$22.7bCA$17.3bCA$980.9m18x23.1x1.3x
Sat, 11 Nov 2023CA$25.1bCA$17.7bCA$1.1b14.3x22.5x1.4x
Mon, 09 Oct 2023CA$36.6bCA$16.5bCA$839.6m17.6x43.6x2.2x
Wed, 06 Sep 2023CA$41.8bCA$16.5bCA$838.1m20.8x49.9x2.5x
Fri, 04 Aug 2023CA$44.7bCA$16.1bCA$253.1m27.5x176.6x2.8x
Sun, 02 Jul 2023CA$38.9bCA$16.3bCA$696.8m25.9x55.8x2.4x
Tue, 30 May 2023CA$37.3bCA$16.7bCA$713.6m24x52.3x2.2x
Thu, 27 Apr 2023CA$39.8bCA$17.0bCA$1.1b19.9x34.8x2.3x
Sat, 25 Mar 2023CA$34.2bCA$17.9bCA$1.6b13.7x21.3x1.9x
Mon, 20 Feb 2023CA$34.0bCA$17.9bCA$1.8b10.9x19x1.9x
Wed, 18 Jan 2023CA$36.1bCA$17.9bCA$2.0b10.1x17.7x2x
Price to Earnings Ratio

17.7x


Total Market Cap: CA$36.1bTotal Earnings: CA$2.0bTotal Revenue: CA$17.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -62.8x202420252026
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 92.3x which is higher than its 3-year average PE of -62.8x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 4.9x.
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 Market1.91%
Materials7.40%
Metals and Mining8.09%
Copper6.58%
Silver11.17%
Gold8.56%
Diversified Metals and Mining6.49%
Steel5.19%
Precious Metals and Minerals5.12%
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
LUN Lundin MiningCA$32.7910.4%
+CA$2.6b		164.0%PE95x
FM First Quantum MineralsCA$39.636.3%
+CA$1.9b		99.8%PE512.8x
TKO Taseko MinesCA$8.288.0%
+CA$220.0m		173.3%PS5x
III Imperial MetalsCA$11.0210.8%
+CA$190.6m		489.3%PE10.7x
CS Capstone CopperCA$13.680.8%
+CA$84.0m		57.4%PE24.1x

Latest News

MARI
CA$11.77
Marimaca Copper
7D
4.0%
1Y
121.7%
ERO
CA$40.69
Ero Copper
7D
2.0%
1Y
95.8%

ERO: Gold Windfall And Critical Mineral Status Will Guide Balanced Outlook

Narrative Update The analyst price target for Ero Copper has moved higher to reflect a fair value of about $38, with analysts citing recent target increases across the Street and updated expectations for revenue growth, margins and future P/E following the surprise gold windfall disclosure. Analyst Commentary Recent Street research on Ero Copper reflects a mix of optimism around new gold related upside and caution around execution risk and current valuation.
ECU
CA$1.19
Element 29 Resources
7D
-3.3%
1Y
116.4%
LUN
CA$32.79
Lundin Mining
7D
10.4%
1Y
164.0%

LUN: Future Returns Will Depend On Metals Cycles Outweighing Legal Overhang Risks

Analysts have nudged our fair value estimate for Lundin Mining higher from $27.52 to $28.28. This reflects recent target price revisions across U.S., Canadian and European brokers who cite refreshed metals price assumptions and mixed regional demand signals.
CS
CA$13.68
Capstone Copper
7D
0.8%
1Y
57.4%

CS: Higher Precious Metal Prices Will Support Future Share Outperformance

Analysts have kept our fair value estimate for Capstone Copper steady while incorporating a modestly lower discount rate and slightly higher revenue growth assumptions. These adjustments help explain recent Street price targets clustering in the C$13 to C$17 range.
TKO
CA$8.28
Taseko Mines
7D
8.0%
1Y
173.3%

TKO: Media Rights And Sponsorship Momentum Will Support Balanced Future Outlook

Analysts have raised their fair value estimate for Taseko Mines from $7.08 to $7.72. They cite updated views on revenue growth, profit margins and future P/E assumptions as the main drivers of this change.
TM
CA$0.39
Trigon Metals
7D
-10.5%
1Y
-6.1%
LEO
CA$0.21
Lion Copper and Gold
7D
-14.3%
1Y
162.5%
III
CA$11.02
Imperial Metals
7D
10.8%
1Y
489.3%

Returns At Imperial Metals (TSE:III) Are On The Way Up

Dec 28
Returns At Imperial Metals (TSE:III) Are On The Way Up
USCU
CA$0.17
US Copper
7D
-5.6%
1Y
142.9%
ASCU
CA$5.20
Arizona Sonoran Copper
7D
7.0%
1Y
225.0%
FDY
CA$2.84
Faraday Copper
7D
-1.0%
1Y
283.8%
FM
CA$39.63
First Quantum Minerals
7D
6.3%
1Y
99.8%
XXIX
CA$0.12
XXIX Metal
7D
-7.7%
1Y
0%
CUPR
CA$0.59
Super Copper
7D
-15.7%
1Y
37.2%
CUU
CA$0.74
Copper Fox Metals
7D
-10.8%
1Y
184.6%