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Canadian (TSX) Copper Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies40
  • 7D0.9%
  • 3M47.6%
  • 1Y139.8%
  • YTDn/a

Over the last 7 days, the Copper industry has dropped 3.6%, driven by a pullback from First Quantum Minerals of 5.9%. In the past year, the industry has gained 129%. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026CA$88.1bCA$17.0bCA$897.3m26.2x98.2x5.2x
Mon, 22 Dec 2025CA$77.6bCA$17.1bCA$905.4m21.6x85.7x4.5x
Wed, 19 Nov 2025CA$66.6bCA$17.3bCA$921.7m19.7x72.3x3.8x
Fri, 17 Oct 2025CA$67.1bCA$16.8bCA$786.6m82.5x85.3x4x
Sun, 14 Sep 2025CA$52.1bCA$16.5bCA$775.2m66.4x67.2x3.2x
Tue, 12 Aug 2025CA$47.4bCA$16.5bCA$764.1m62.6x62.1x2.9x
Thu, 10 Jul 2025CA$46.2bCA$16.0bCA$407.1m66.9x113.4x2.9x
Sat, 07 Jun 2025CA$42.4bCA$16.0bCA$407.6m67.4x104x2.6x
Mon, 05 May 2025CA$35.7bCA$15.8bCA$113.5m45.4x314.5x2.3x
Wed, 02 Apr 2025CA$37.0bCA$15.8b-CA$3,595,712.3348.8x-10283.2x2.3x
Fri, 28 Feb 2025CA$36.6bCA$15.9bCA$49.8m72.8x734.1x2.3x
Sun, 26 Jan 2025CA$37.8bCA$16.7b-CA$1,806,726,982.1727.3x-20.9x2.3x
Tue, 24 Dec 2024CA$36.7bCA$16.7b-CA$1,802,888,583.0024.5x-20.3x2.2x
Thu, 21 Nov 2024CA$39.2bCA$16.3b-CA$1,756,066,312.4234x-22.3x2.4x
Sat, 19 Oct 2024CA$38.9bCA$16.8b-CA$1,733,833,126.1842.7x-22.4x2.3x
Mon, 16 Sep 2024CA$36.0bCA$16.5b-CA$1,706,065,791.6431x-21.1x2.2x
Wed, 14 Aug 2024CA$34.7bCA$16.7b-CA$1,749,631,369.3341.6x-19.9x2.1x
Fri, 12 Jul 2024CA$41.3bCA$16.3b-CA$1,663,532,069.6936.8x-24.8x2.5x
Sun, 09 Jun 2024CA$38.2bCA$16.5b-CA$1,669,959,874.1132.9x-22.9x2.3x
Tue, 07 May 2024CA$41.2bCA$16.3b-CA$1,635,840,444.1323.5x-25.2x2.5x
Thu, 04 Apr 2024CA$35.4bCA$16.6b-CA$1,119,529,705.8517.3x-31.7x2.1x
Sat, 02 Mar 2024CA$28.6bCA$16.6b-CA$1,207,982,283.1224.4x-23.7x1.7x
Mon, 29 Jan 2024CA$26.9bCA$17.2bCA$983.5m19.1x27.3x1.6x
Wed, 27 Dec 2023CA$25.7bCA$17.0bCA$968.1m19.2x26.5x1.5x
Fri, 24 Nov 2023CA$24.8bCA$17.5bCA$1.0b15.9x24.7x1.4x
Sun, 22 Oct 2023CA$34.9bCA$16.5bCA$843.1m15.3x41.3x2.1x
Tue, 19 Sep 2023CA$41.6bCA$16.3bCA$827.0m19.8x50.3x2.6x
Thu, 17 Aug 2023CA$40.1bCA$16.4bCA$811.2m23x49.4x2.5x
Sat, 15 Jul 2023CA$42.3bCA$16.3bCA$695.2m28x60.8x2.6x
Mon, 12 Jun 2023CA$37.1bCA$16.5bCA$703.4m24.1x52.7x2.3x
Wed, 10 May 2023CA$42.8bCA$16.5bCA$722.3m26.7x59.2x2.6x
Fri, 07 Apr 2023CA$38.0bCA$17.6bCA$1.5b15.5x24.6x2.2x
Sun, 05 Mar 2023CA$38.7bCA$17.8bCA$1.7b12.4x23x2.2x
Tue, 31 Jan 2023CA$37.5bCA$17.9bCA$2.0b10.9x18.4x2.1x
Price to Earnings Ratio

18.4x


Total Market Cap: CA$37.5bTotal Earnings: CA$2.0bTotal Revenue: CA$17.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -61.8x202420252026
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 104x which is higher than its 3-year average PE of -61.9x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 5.5x.
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 Market1.16%
Materials7.60%
Metals and Mining8.05%
Copper0.95%
Silver16.75%
Precious Metals and Minerals14.53%
Gold8.46%
Diversified Metals and Mining7.78%
Aluminum0%0
Steel-1.59%
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$15.376.1%
+CA$679.7m		81.5%PE27.5x
ERO Ero CopperCA$45.009.5%
+CA$406.2m		121.0%PE24.8x
TKO Taseko MinesCA$10.456.5%
+CA$230.7m		266.7%PS6.3x
III Imperial MetalsCA$12.548.1%
+CA$167.6m		527.0%PE12.2x
FM First Quantum MineralsCA$40.810.2%
+CA$74.5m		116.4%PE536.3x

Latest News

FDY
CA$3.16
Faraday Copper
7D
5.7%
1Y
321.3%
III
CA$12.54
Imperial Metals
7D
8.1%
1Y
527.0%
ERO
CA$45.00
Ero Copper
7D
9.5%
1Y
121.0%
LVX
CA$0.77
Leviathan Metals
7D
-3.8%
1Y
1,440.0%
LUN
CA$34.08
Lundin Mining
7D
-2.9%
1Y
174.4%
CS
CA$15.37
Capstone Copper
7D
6.1%
1Y
81.5%

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.
XXIX
CA$0.14
XXIX Metal
7D
-6.9%
1Y
17.4%
ASCU
CA$5.76
Arizona Sonoran Copper
7D
3.8%
1Y
234.9%
TKO
CA$10.45
Taseko Mines
7D
6.5%
1Y
266.7%

TKO: Future Sponsorship Levers Will Support Sustained Earnings Momentum

Analysts have lifted their fair value estimate for Taseko Mines from about $6.30 to roughly $12.75, citing updated assumptions for revenue growth, profit margins and future P/E that present a stronger long term earnings profile. Analyst Commentary Bullish analysts lifting their fair value assumptions for Taseko Mines are essentially signaling higher confidence that the company can support stronger earnings over time under their updated models.
SURG
CA$0.56
Surge Copper
7D
-1.8%
1Y
489.5%
ATMY
CA$0.67
Antimony Resources
7D
-5.6%
1Y
509.1%
FM
CA$40.81
First Quantum Minerals
7D
0.2%
1Y
116.4%
VCU
CA$1.85
Vizsla Copper
7D
-5.1%
1Y
184.6%
FMT
CA$6.85
Fuerte Metals
7D
7.9%
1Y
801.3%
ALDE
CA$3.70
Aldebaran Resources
7D
-2.9%
1Y
110.2%
ATCU
CA$1.27
Alta Copper
7D
-8.0%
1Y
209.8%