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Canadian (TSX) Copper Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies42
  • 7D8.8%
  • 3M3.7%
  • 1Y182.6%
  • YTDn/a

Over the last 7 days, the Copper industry has risen 7.8%, driven by gains from Lundin Mining of 12%. This takes the industry's 12 month performance to a gain of 182%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026CA$92.5bCA$18.5bCA$2.1b11.2x43.3x5x
Thu, 12 Mar 2026CA$84.9bCA$18.2bCA$2.1b10.1x39.8x4.7x
Sat, 07 Feb 2026CA$85.8bCA$16.9bCA$875.3m25.7x98.1x5.1x
Mon, 05 Jan 2026CA$82.3bCA$17.0bCA$894.3m23.1x92x4.8x
Wed, 03 Dec 2025CA$70.2bCA$17.3bCA$918.3m19.9x76.5x4.1x
Fri, 31 Oct 2025CA$65.7bCA$16.8bCA$559.8m85.3x117.4x3.9x
Sun, 28 Sep 2025CA$59.1bCA$16.6bCA$780.6m79.5x75.7x3.6x
Tue, 26 Aug 2025CA$47.9bCA$16.5bCA$763.9m64x62.8x2.9x
Thu, 24 Jul 2025CA$45.5bCA$15.9bCA$403.8m68.6x112.7x2.9x
Sat, 21 Jun 2025CA$41.5bCA$16.1bCA$408.0m64.4x101.8x2.6x
Mon, 19 May 2025CA$36.8bCA$16.3bCA$411.8m69.9x89.5x2.3x
Wed, 16 Apr 2025CA$32.0bCA$15.5b-CA$14,335,841.0039.8x-2230.2x2.1x
Fri, 14 Mar 2025CA$36.4bCA$15.9b-CA$71,957,818.6349.8x-506.5x2.3x
Sun, 09 Feb 2025CA$40.2bCA$16.6b-CA$1,804,655,039.7627x-22.3x2.4x
Tue, 07 Jan 2025CA$37.2bCA$16.6b-CA$1,800,798,258.6125.2x-20.7x2.2x
Thu, 05 Dec 2024CA$39.3bCA$16.4b-CA$1,765,526,281.5028.1x-22.3x2.4x
Sat, 02 Nov 2024CA$38.2bCA$16.0b-CA$1,982,667,011.6342.7x-19.3x2.4x
Mon, 30 Sep 2024CA$41.1bCA$16.5b-CA$1,697,937,221.9341.7x-24.2x2.5x
Wed, 28 Aug 2024CA$38.8bCA$16.4b-CA$1,660,065,114.2035.9x-23.4x2.4x
Fri, 26 Jul 2024CA$36.5bCA$15.9b-CA$1,878,877,701.0531.8x-19.4x2.3x
Sun, 23 Jun 2024CA$38.3bCA$16.4b-CA$1,670,901,776.3034.4x-22.9x2.3x
Tue, 21 May 2024CA$44.5bCA$16.3b-CA$1,651,064,999.4640x-27x2.7x
Thu, 18 Apr 2024CA$37.1bCA$16.9b-CA$1,138,788,144.0017x-32.5x2.2x
Sat, 16 Mar 2024CA$32.4bCA$16.6b-CA$1,139,793,368.8515.1x-28.4x1.9x
Mon, 12 Feb 2024CA$25.8bCA$16.9bCA$1.0b19.3x24.7x1.5x
Wed, 10 Jan 2024CA$26.1bCA$17.2bCA$979.9m19.2x26.6x1.5x
Fri, 08 Dec 2023CA$22.8bCA$17.4bCA$989.1m16.2x23.1x1.3x
Sun, 05 Nov 2023CA$26.5bCA$17.5bCA$1.1b15.3x24.6x1.5x
Tue, 03 Oct 2023CA$38.6bCA$16.5bCA$840.2m17.6x45.9x2.3x
Thu, 31 Aug 2023CA$42.2bCA$16.3bCA$828.8m21.4x50.9x2.6x
Sat, 29 Jul 2023CA$44.9bCA$16.0bCA$264.4m39.8x169.7x2.8x
Mon, 26 Jun 2023CA$38.6bCA$16.3bCA$692.7m25.8x55.8x2.4x
Wed, 24 May 2023CA$37.7bCA$16.7bCA$702.6m24.3x53.6x2.3x
Fri, 21 Apr 2023CA$41.5bCA$17.6bCA$1.5b16.6x26.8x2.4x
Price to Earnings Ratio

26.8x


Total Market Cap: CA$41.5bTotal Earnings: CA$1.5bTotal Revenue: CA$17.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -58.5x202420252026
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 43.1x which is higher than its 3-year average PE of -58.5x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have grown 12% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does Canadian Copper compare with similar industries?

CA Market2.40%
Materials4.70%
Metals and Mining5.26%
Copper8.83%
Diversified Metals and Mining7.72%
Gold4.59%
Precious Metals and Minerals3.78%
Silver0.45%
Steel0.29%
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$39.4812.5%
+CA$3.8b		272.8%PE23.4x
FM First Quantum MineralsCA$38.195.1%
+CA$1.5b		131.9%PS4.4x
CS Capstone CopperCA$12.3911.6%
+CA$985.4m		105.1%PE21.7x
ERO Ero CopperCA$44.2812.2%
+CA$502.6m		193.4%PE12.7x
TKO Taseko MinesCA$10.248.9%
+CA$307.0m		255.6%PS5.6x

Latest News

ALDE
CA$2.85
Aldebaran Resources
7D
23.4%
1Y
62.9%
LEO
CA$0.28
Lion Copper and Gold
7D
-23.3%
1Y
133.3%
ERO
CA$44.28
Ero Copper
7D
12.2%
1Y
193.4%

ERO: Copper Demand Strength And Furnas Project Will Drive Future Upside

The analyst price target for Ero Copper edges higher to CA$47.49 from CA$47.09, reflecting recent CA$50 to CA$52 target moves from several firms and analyst expectations that copper demand trends support the updated outlook. Analyst Commentary Recent Street research on Ero Copper reflects a mix of constructive and more cautious views, with several firms adjusting price targets and ratings as they reassess copper market trends and the company’s execution risk.
CS
CA$12.39
Capstone Copper
7D
11.6%
1Y
105.1%
LUN
CA$39.48
Lundin Mining
7D
12.5%
1Y
272.8%

LUN: Future Returns Will Reflect Expanded Caserones Stake And Copper Exposure

The analyst price target for Lundin Mining has been raised by CA$0.60 to CA$39.14, with analysts attributing the change to updated assumptions for higher revenue growth, stronger profit margins, and a lower future P/E multiple. Analyst Commentary Recent Street research on Lundin Mining shows a mix of optimism and caution, with several firms adjusting price targets and ratings in different directions.
TM
CA$0.41
Trigon Metals
7D
-3.6%
1Y
62.0%
TKO
CA$10.24
Taseko Mines
7D
8.9%
1Y
255.6%

TKO: Future Media Partnerships Will Likely Outrun Already Rich Expectations

The analyst price target for Taseko Mines has been revised from approximately CA$10.57 to CA$12.61. Analysts attribute this change to updated assumptions, including a higher fair value estimate, a slightly higher discount rate, more conservative revenue growth forecasts, improved profit margin expectations, and a lower future P/E multiple.
FMT
CA$10.50
Fuerte Metals
7D
-2.1%
1Y
1,358.3%
FM
CA$38.19
First Quantum Minerals
7D
5.1%
1Y
131.9%
FDY
CA$4.66
Faraday Copper
7D
6.4%
1Y
513.2%
ALTN
CA$0.16
Aeonian Resources
7D
-5.9%
1Y
n/a
CPER
CA$0.055
CopperCorp Resources
7D
-8.3%
1Y
-38.9%

Copper: Slowing Chinese Demand Meets Rising Supply

Mar 16
CUU
CA$0.62
Copper Fox Metals
7D
-3.1%
1Y
148.0%
ASCU
CA$8.14
Arizona Sonoran Copper
7D
10.9%
1Y
309.0%
KBX
CA$0.46
Kobrea Exploration
7D
-14.2%
1Y
11.0%
USCU
CA$0.17
US Copper
7D
-13.2%
1Y
230.0%