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Canadian (TSX) Copper Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies41
  • 7D-1.9%
  • 3M30.1%
  • 1Y124.8%
  • YTDn/a

Over the last 7 days, the Copper industry has dropped 1.9%, driven by a pullback from First Quantum Minerals of 2.9%. Over the past 12 months, the industry was up 125%. 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
Mon, 09 Feb 2026CA$89.1bCA$16.9bCA$875.3m25.7x101.8x5.3x
Wed, 07 Jan 2026CA$86.8bCA$17.1bCA$904.9m24.7x96x5.1x
Fri, 05 Dec 2025CA$73.1bCA$17.3bCA$916.9m20.9x79.8x4.2x
Sun, 02 Nov 2025CA$64.6bCA$17.1bCA$888.6m21.9x72.7x3.8x
Tue, 30 Sep 2025CA$59.1bCA$16.6bCA$779.8m81.9x75.8x3.6x
Thu, 28 Aug 2025CA$48.3bCA$16.5bCA$761.2m64.3x63.4x2.9x
Sat, 26 Jul 2025CA$45.2bCA$16.0bCA$495.1m62.8x91.2x2.8x
Mon, 23 Jun 2025CA$41.4bCA$16.1bCA$408.0m64.4x101.6x2.6x
Wed, 21 May 2025CA$36.9bCA$16.2bCA$409.6m68.7x90x2.3x
Fri, 18 Apr 2025CA$32.3bCA$15.4b-CA$14,384,445.4139.9x-2247.3x2.1x
Sun, 16 Mar 2025CA$39.8bCA$15.9b-CA$72,009,249.1750.8x-552.3x2.5x
Tue, 11 Feb 2025CA$40.2bCA$16.6b-CA$1,808,269,898.0726.9x-22.2x2.4x
Thu, 09 Jan 2025CA$37.8bCA$16.7b-CA$1,806,949,636.3224.6x-20.9x2.3x
Sat, 07 Dec 2024CA$40.1bCA$16.5b-CA$1,776,270,416.2027.4x-22.6x2.4x
Mon, 04 Nov 2024CA$38.6bCA$16.0b-CA$1,982,667,011.6342.7x-19.5x2.4x
Wed, 02 Oct 2024CA$40.1bCA$16.4b-CA$1,694,841,503.5743.3x-23.7x2.4x
Fri, 30 Aug 2024CA$37.0bCA$16.4b-CA$1,676,961,502.6234.1x-22.1x2.3x
Sun, 28 Jul 2024CA$36.9bCA$16.0b-CA$1,879,757,419.0032.4x-19.7x2.3x
Tue, 25 Jun 2024CA$38.3bCA$16.3b-CA$1,666,605,292.3336.2x-23x2.3x
Thu, 23 May 2024CA$45.1bCA$16.4b-CA$1,660,207,762.2437.4x-27.2x2.8x
Sat, 20 Apr 2024CA$38.7bCA$16.9b-CA$1,138,652,211.0317.3x-34x2.3x
Mon, 18 Mar 2024CA$34.0bCA$16.6b-CA$1,139,789,257.8215.1x-29.8x2x
Wed, 14 Feb 2024CA$25.2bCA$17.1bCA$1.1b18.2x24x1.5x
Fri, 12 Jan 2024CA$26.1bCA$17.2bCA$979.8m18.9x26.6x1.5x
Sun, 10 Dec 2023CA$23.5bCA$17.4bCA$988.4m16.9x23.8x1.3x
Tue, 07 Nov 2023CA$26.5bCA$17.5bCA$1.1b15.2x24.5x1.5x
Thu, 05 Oct 2023CA$36.9bCA$16.5bCA$842.7m16.5x43.8x2.2x
Sat, 02 Sep 2023CA$43.6bCA$16.4bCA$833.9m21x52.3x2.7x
Mon, 31 Jul 2023CA$45.6bCA$16.0bCA$256.2m39.8x178x2.9x
Wed, 28 Jun 2023CA$38.6bCA$16.3bCA$692.0m26.1x55.7x2.4x
Fri, 26 May 2023CA$36.4bCA$16.8bCA$709.0m23.3x51.4x2.2x
Sun, 23 Apr 2023CA$39.7bCA$17.7bCA$1.6b16.5x25.5x2.2x
Tue, 21 Mar 2023CA$33.2bCA$17.9bCA$1.7b13x20.1x1.9x
Thu, 16 Feb 2023CA$34.2bCA$17.8bCA$1.8b10.2x19.2x1.9x
Price to Earnings Ratio

19.2x


Total Market Cap: CA$34.2bTotal Earnings: CA$1.8bTotal Revenue: CA$17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -60.5x202420252026
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 102x which is higher than its 3-year average PE of -60.5x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have declined 21% 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 Market2.10%
Materials1.55%
Metals and Mining1.45%
Copper-1.95%
Silver3.26%
Gold1.99%
Diversified Metals and Mining0.83%
Precious Metals and Minerals0.80%
Steel0.53%
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
CS Capstone CopperCA$15.724.2%
+CA$481.1m		83.0%PE28.3x
FMT Fuerte MetalsCA$7.6516.1%
+CA$138.2m		722.6%PB127.5x
TKO Taseko MinesCA$10.721.6%
+CA$62.2m		243.6%PS6.5x
KRY Koryx CopperCA$3.0810.0%
+CA$33.7m		167.8%PB21.9x
LEO Lion Copper and GoldCA$0.2426.3%
+CA$21.5m		200.0%PB58.5x

Latest News

LUN
CA$33.45
Lundin Mining
7D
-3.2%
1Y
174.0%

LUN: Future Returns Will Reflect Metals Cycles Legal Overhang And Capital Deployment

The analyst price target for Lundin Mining has been lifted by about $1.93, reflecting updated assumptions around higher revenue growth expectations, a slightly increased discount rate, modestly lower profit margin forecasts, and a small upward adjustment to future P/E that align with recent target changes from several firms. Analyst Commentary Recent Street research on Lundin Mining shows a mix of optimism and caution, with several firms revisiting their models and price targets across both North American dollar and Swedish krona listings.
ERO
CA$41.82
Ero Copper
7D
-8.5%
1Y
119.2%
CUU
CA$0.65
Copper Fox Metals
7D
-5.8%
1Y
170.8%
CCI
CA$0.56
Canadian Copper
7D
-23.3%
1Y
202.7%
CS
CA$15.72
Capstone Copper
7D
4.2%
1Y
83.0%

CS: Mantoverde Strike Risk Will Limit Upside Despite Recent Rating Optimism

Analysts have raised their price target on Capstone Copper to C$14.00 from C$13.41, citing a series of recent target increases and a more constructive stance from several research firms regarding the company’s outlook. Analyst Commentary Recent research on Capstone Copper shows a mix of optimism around the company’s prospects and some caution around how much upside is already reflected in the share price.
TKO
CA$10.72
Taseko Mines
7D
1.6%
1Y
243.6%

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$11.11
Marimaca Copper
7D
-7.5%
1Y
103.5%
FM
CA$37.36
First Quantum Minerals
7D
-4.7%
1Y
88.7%

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?
AXO
CA$0.72
Axo Copper
7D
7.5%
1Y
n/a
ECU
CA$1.11
Element 29 Resources
7D
-11.2%
1Y
122.0%
KRY
CA$3.08
Koryx Copper
7D
10.0%
1Y
167.8%
III
CA$11.63
Imperial Metals
7D
-1.1%
1Y
416.9%
ASCU
CA$5.60
Arizona Sonoran Copper
7D
0.4%
1Y
184.3%
FMT
CA$7.65
Fuerte Metals
7D
16.1%
1Y
722.6%
LEO
CA$0.24
Lion Copper and Gold
7D
26.3%
1Y
200.0%
ATCU
CA$1.35
Alta Copper
7D
2.3%
1Y
246.2%