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Canadian (TSX) Copper Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies41
  • 7D1.4%
  • 3M26.6%
  • 1Y111.3%
  • YTDn/a

First Quantum Minerals is up 1.0%, leading the way for the Copper industry, which has gained 1.4%. During this same period, the Arizona Sonoran Copper underperformed, falling 5.9%. In the last 12 months, the industry was up 111%. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026CA$81.5bCA$17.0bCA$893.8m23x91.2x4.8x
Sat, 29 Nov 2025CA$68.7bCA$17.3bCA$920.8m20.4x74.7x4x
Mon, 27 Oct 2025CA$62.1bCA$16.7bCA$786.6m82.6x79x3.7x
Wed, 24 Sep 2025CA$54.2bCA$16.5bCA$774.9m71.3x70x3.3x
Fri, 22 Aug 2025CA$45.7bCA$16.6bCA$767.0m61.5x59.5x2.8x
Sun, 20 Jul 2025CA$44.0bCA$16.0bCA$408.2m65.1x107.8x2.7x
Tue, 17 Jun 2025CA$41.4bCA$15.9bCA$403.9m67x102.6x2.6x
Thu, 15 May 2025CA$38.3bCA$16.3bCA$410.5m72.8x93.4x2.4x
Sat, 12 Apr 2025CA$29.7bCA$15.4b-CA$14,399,517.3438.8x-2062.4x1.9x
Mon, 10 Mar 2025CA$36.7bCA$15.9b-CA$67,444,642.0850.1x-544.5x2.3x
Wed, 05 Feb 2025CA$35.2bCA$16.6b-CA$1,809,214,480.8325.7x-19.5x2.1x
Fri, 03 Jan 2025CA$36.4bCA$16.7b-CA$1,809,236,080.8424.5x-20.1x2.2x
Sun, 01 Dec 2024CA$38.9bCA$16.3b-CA$1,758,188,769.4127.7x-22.1x2.4x
Tue, 29 Oct 2024CA$39.8bCA$15.8b-CA$2,045,139,267.6843.4x-19.5x2.5x
Thu, 26 Sep 2024CA$39.9bCA$16.4b-CA$1,693,023,225.6442.3x-23.6x2.4x
Sat, 24 Aug 2024CA$37.1bCA$16.4b-CA$1,668,127,074.6933.6x-22.2x2.3x
Mon, 22 Jul 2024CA$37.3bCA$16.4b-CA$1,675,583,188.4532.9x-22.2x2.3x
Wed, 19 Jun 2024CA$36.8bCA$16.4b-CA$1,673,360,994.6933.9x-22x2.2x
Fri, 17 May 2024CA$42.4bCA$16.3b-CA$1,651,051,006.2837.1x-25.7x2.6x
Sun, 14 Apr 2024CA$37.9bCA$16.9b-CA$1,139,443,231.2317.5x-33.3x2.2x
Tue, 12 Mar 2024CA$29.9bCA$16.5b-CA$1,121,153,191.9913.6x-26.7x1.8x
Thu, 08 Feb 2024CA$25.9bCA$17.0bCA$1.0b19.2x24.9x1.5x
Sat, 06 Jan 2024CA$26.8bCA$17.1bCA$977.0m19.6x27.4x1.6x
Mon, 04 Dec 2023CA$23.9bCA$17.3bCA$980.9m17x24.4x1.4x
Wed, 01 Nov 2023CA$25.1bCA$17.1bCA$1.1b13.6x21.9x1.5x
Fri, 29 Sep 2023CA$37.3bCA$16.3bCA$826.8m18.3x45.2x2.3x
Sun, 27 Aug 2023CA$40.1bCA$16.4bCA$821.3m24.2x48.8x2.4x
Tue, 25 Jul 2023CA$42.3bCA$16.2bCA$691.3m28.1x61.2x2.6x
Thu, 22 Jun 2023CA$40.4bCA$16.2bCA$691.0m26.8x58.4x2.5x
Sat, 20 May 2023CA$38.9bCA$16.7bCA$702.7m24.9x55.4x2.3x
Mon, 17 Apr 2023CA$41.7bCA$17.4bCA$1.5b17.1x27.3x2.4x
Wed, 15 Mar 2023CA$33.3bCA$17.8bCA$1.6b13.2x20.2x1.9x
Fri, 10 Feb 2023CA$34.5bCA$18.0bCA$2.0b10.4x16.8x1.9x
Sun, 08 Jan 2023CA$35.7bCA$18.0bCA$2.1b10.3x17.4x2x
Price to Earnings Ratio

17.4x


Total Market Cap: CA$35.7bTotal Earnings: CA$2.1bTotal Revenue: CA$18.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -63.5x202420252026
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 91.2x which is higher than its 3-year average PE of -63.5x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 4.8x.
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-0.51%
Materials-2.32%
Metals and Mining-2.43%
Copper1.40%
Steel0.39%
Aluminum0%0
Diversified Metals and Mining-0.19%
Silver-2.50%
Gold-3.40%
Precious Metals and Minerals-3.71%
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
FM First Quantum MineralsCA$36.801.0%
+CA$314.7m		98.6%PE482.6x
LUN Lundin MiningCA$29.501.1%
+CA$273.7m		138.5%PE86.7x
ERO Ero CopperCA$38.833.3%
+CA$127.8m		100.4%PE21.3x
CS Capstone CopperCA$13.780.9%
+CA$91.6m		55.0%PE24.6x
FMT Fuerte MetalsCA$6.2713.0%
+CA$91.3m		646.4%PB104.1x

Latest News

III
CA$10.00
Imperial Metals
7D
4.1%
1Y
449.5%

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

Dec 28
Returns At Imperial Metals (TSE:III) Are On The Way Up
CS
CA$13.78
Capstone Copper
7D
0.9%
1Y
55.0%

CS: Higher Precious Metal Prices Will Drive Future Share Outperformance

The analyst price target for Capstone Copper has edged higher to approximately C$15.42 from C$15.08, as analysts factor in stronger expected revenue growth, modestly higher margins and sector wide target increases following multiple upward revisions from the Street, despite at least one recent downgrade. Analyst Commentary Bullish analysts highlight that the recent wave of target hikes materially lifts the implied upside for Capstone Copper, with several price objectives now sitting in the mid teens to high teens in Canadian dollars.
LUN
CA$29.50
Lundin Mining
7D
1.1%
1Y
138.5%

LUN: Future Returns Will Weigh Metal Price Cycles Against Legal Overhang Risks

The analyst price target for Lundin Mining has been raised from approximately $24.55 to about $27.52, as analysts factor in stronger expected revenue growth and improved profit margins despite a mixed macro backdrop for metals and mining. Analyst Commentary Analyst sentiment toward Lundin Mining remains broadly constructive, with a series of recent target price revisions reflecting both stronger company specific fundamentals and a still challenging macro backdrop for metals.
FMT
CA$6.27
Fuerte Metals
7D
13.0%
1Y
646.4%
ERO
CA$38.83
Ero Copper
7D
3.3%
1Y
100.4%

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

We increase our fair value estimate for Ero Copper to approximately $37.43 per share from $35.80, reflecting analysts' higher price targets following upgraded ratings, improved long term revenue growth and margin expectations, and incremental upside from the recently identified gold windfall. Analyst Commentary Recent Street research reflects a more constructive stance on Ero Copper overall, but with a clear split between optimistic and cautious voices as the market digests the impact of stronger commodity price forecasts, the gold windfall, and project execution risks.
ASCU
CA$4.78
Arizona Sonoran Copper
7D
-5.9%
1Y
225.2%
FDY
CA$2.73
Faraday Copper
7D
-0.4%
1Y
268.9%
OCO
CA$0.42
Oroco Resource
7D
27.3%
1Y
64.7%
FM
CA$36.80
First Quantum Minerals
7D
1.0%
1Y
98.6%
SICO
CA$9.50
Silverco Mining
7D
-4.0%
1Y
n/a
AVE
CA$0.21
Aventis Energy
7D
-15.7%
1Y
22.9%
CPER
CA$0.072
CopperCorp Resources
7D
-3.3%
1Y
-50.0%
DCOP
CA$0.05
District Copper
7D
-9.1%
1Y
25.0%
REDC
CA$0.17
Red Canyon Resources
7D
-2.8%
1Y
16.7%
CUU
CA$0.70
Copper Fox Metals
7D
20.7%
1Y
180.0%