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Canadian (TSX) Copper Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies41
  • 7D3.2%
  • 3M50.5%
  • 1Y159.8%
  • YTDn/a

Over the last 7 days, the Copper industry has risen 3.9%, driven by gains from Capstone Copper of 11%. During this same period, the Aldebaran Resources underperformed, falling 6.8%. In the last 12 months, the industry was up 164%. Earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026CA$96.2bCA$16.8bCA$887.7m28.3x108.4x5.7x
Sat, 27 Dec 2025CA$80.5bCA$17.0bCA$890.1m22.6x90.4x4.7x
Mon, 24 Nov 2025CA$64.6bCA$17.4bCA$928.2m19.1x69.6x3.7x
Wed, 22 Oct 2025CA$63.9bCA$16.7bCA$791.2m79.2x80.8x3.8x
Fri, 19 Sep 2025CA$51.9bCA$16.5bCA$772.5m67.3x67.2x3.2x
Sun, 17 Aug 2025CA$47.5bCA$16.5bCA$761.9m63.6x62.4x2.9x
Tue, 15 Jul 2025CA$44.6bCA$16.0bCA$407.5m65.8x109.3x2.8x
Thu, 12 Jun 2025CA$42.4bCA$16.0bCA$406.7m66.4x104.2x2.7x
Sat, 10 May 2025CA$36.1bCA$16.2bCA$360.1m66.7x100.3x2.2x
Mon, 07 Apr 2025CA$30.2bCA$15.8b-CA$14,234,908.1437x-2119.8x1.9x
Wed, 05 Mar 2025CA$34.7bCA$16.0bCA$56.7m56.7x612.2x2.2x
Fri, 31 Jan 2025CA$36.5bCA$16.8b-CA$1,825,217,670.6325.5x-20x2.2x
Sun, 29 Dec 2024CA$37.0bCA$16.7b-CA$1,811,211,828.0424.5x-20.4x2.2x
Tue, 26 Nov 2024CA$39.7bCA$16.3b-CA$1,756,557,024.0933.5x-22.6x2.4x
Thu, 24 Oct 2024CA$39.9bCA$15.8b-CA$2,037,377,251.9845.9x-19.6x2.5x
Sat, 21 Sep 2024CA$38.4bCA$16.5b-CA$1,702,750,688.8739.7x-22.6x2.3x
Mon, 19 Aug 2024CA$36.3bCA$16.6b-CA$1,746,574,194.2442.6x-20.8x2.2x
Wed, 17 Jul 2024CA$41.0bCA$16.4b-CA$1,668,459,266.4036.1x-24.6x2.5x
Fri, 14 Jun 2024CA$37.5bCA$16.4b-CA$1,675,892,591.0334.6x-22.4x2.3x
Sun, 12 May 2024CA$41.5bCA$16.4b-CA$1,654,069,843.5736x-25.1x2.5x
Tue, 09 Apr 2024CA$37.2bCA$16.7b-CA$1,123,178,609.8417.4x-33.1x2.2x
Thu, 07 Mar 2024CA$29.5bCA$16.5b-CA$1,213,170,133.8925x-24.3x1.8x
Sat, 03 Feb 2024CA$26.5bCA$17.3bCA$984.8m19.3x26.9x1.5x
Mon, 01 Jan 2024CA$25.2bCA$17.0bCA$967.6m19.2x26.1x1.5x
Wed, 29 Nov 2023CA$23.6bCA$17.4bCA$991.7m15.7x23.8x1.4x
Fri, 27 Oct 2023CA$33.3bCA$17.1bCA$1.1b15.2x29.1x1.9x
Sun, 24 Sep 2023CA$38.3bCA$16.3bCA$826.3m18.5x46.4x2.4x
Tue, 22 Aug 2023CA$39.6bCA$16.4bCA$817.0m24.1x48.5x2.4x
Thu, 20 Jul 2023CA$43.3bCA$16.2bCA$691.1m28.5x62.6x2.7x
Sat, 17 Jun 2023CA$40.7bCA$16.3bCA$693.5m27x58.7x2.5x
Mon, 15 May 2023CA$38.7bCA$16.7bCA$701.4m24.1x55.2x2.3x
Wed, 12 Apr 2023CA$39.4bCA$17.6bCA$1.5b16.1x25.5x2.2x
Fri, 10 Mar 2023CA$34.0bCA$18.0bCA$1.7b13.2x20.5x1.9x
Sun, 05 Feb 2023CA$35.7bCA$17.9bCA$2.0b11x17.5x2x
Price to Earnings Ratio

17.5x


Total Market Cap: CA$35.7bTotal Earnings: CA$2.0bTotal Revenue: CA$17.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -61.4x202420252026
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 107x which is higher than its 3-year average PE of -61.5x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 5.6x.
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 Market1.18%
Materials7.88%
Metals and Mining8.61%
Copper3.20%
Precious Metals and Minerals15.96%
Silver13.43%
Diversified Metals and Mining9.18%
Gold8.83%
Aluminum0%0
Steel-0.33%
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$16.2610.8%
+CA$1.2b		93.3%PE29.4x
ERO Ero CopperCA$48.9313.7%
+CA$610.9m		152.2%PE27.2x
TKO Taseko MinesCA$11.2214.5%
+CA$511.9m		315.6%PS6.8x
FM First Quantum MineralsCA$41.631.0%
+CA$331.2m		129.5%PE552.7x
III Imperial MetalsCA$13.3612.5%
+CA$263.6m		574.7%PE13x

Latest News

ERO
CA$48.93
Ero Copper
7D
13.7%
1Y
152.2%

A Piece Of The Puzzle Missing From Ero Copper Corp.'s (TSE:ERO) 28% Share Price Climb

Jan 28
A Piece Of The Puzzle Missing From Ero Copper Corp.'s (TSE:ERO) 28% Share Price Climb
GLAD
CA$1.21
Gladiator Metals
7D
-3.2%
1Y
202.5%
ALDE
CA$3.61
Aldebaran Resources
7D
-2.7%
1Y
111.1%
FDY
CA$3.40
Faraday Copper
7D
12.2%
1Y
372.2%
TKO
CA$11.22
Taseko Mines
7D
14.5%
1Y
315.6%
LUN
CA$36.18
Lundin Mining
7D
-1.3%
1Y
206.6%

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$13.36
Imperial Metals
7D
12.5%
1Y
574.7%
CS
CA$16.26
Capstone Copper
7D
10.8%
1Y
93.3%

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.
KBX
CA$0.63
Kobrea Exploration
7D
-6.0%
1Y
5.0%
SURG
CA$0.53
Surge Copper
7D
-3.6%
1Y
488.9%
FM
CA$41.63
First Quantum Minerals
7D
1.0%
1Y
129.5%
OCO
CA$0.83
Oroco Resource
7D
66.0%
1Y
163.5%
FMT
CA$7.80
Fuerte Metals
7D
17.3%
1Y
954.1%
LEO
CA$0.27
Lion Copper and Gold
7D
-7.0%
1Y
231.3%
USCU
CA$0.17
US Copper
7D
-2.8%
1Y
191.7%
ATCU
CA$1.34
Alta Copper
7D
-2.2%
1Y
222.9%