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Canadian (TSX) Copper Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies42
  • 7D-18.3%
  • 3M13.7%
  • 1Y120.4%
  • YTDn/a

Over the last 7 days, the Copper industry has dropped 18%, driven by pullbacks in Lundin Mining and First Quantum Minerals of 20% and 19%, respectively. In the past year, the industry has gained 120%. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Mar 2026CA$83.4bCA$18.2bCA$2.1b9.9x39.2x4.6x
Tue, 03 Feb 2026CA$90.8bCA$17.0bCA$876.9m27x103.6x5.4x
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
Price to Earnings Ratio

20.2x


Total Market Cap: CA$33.3bTotal Earnings: CA$1.6bTotal Revenue: CA$17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -59x202420252026
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 40.9x which is higher than its 3-year average PE of -59.0x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have grown 9.0% 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 Market-3.83%
Materials-11.05%
Metals and Mining-11.94%
Copper-18.33%
Aluminum0%0
Steel-4.01%
Gold-10.73%
Precious Metals and Minerals-11.27%
Diversified Metals and Mining-12.21%
Silver-17.20%
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
FMT Fuerte MetalsCA$11.213.9%
+CA$53.5m		1,145.6%PB186.9x
GLAD Gladiator MetalsCA$1.6024.0%
+CA$32.6m		255.6%PB9.4x
LEO Lion Copper and GoldCA$0.4118.8%
+CA$27.1m		446.7%PB100.5x
ECU Element 29 ResourcesCA$1.248.8%
+CA$15.6m		155.7%PB8.2x
ASCU Arizona Sonoran CopperCA$7.280.8%
+CA$12.5m		285.2%PB7x

Latest News

ERO
CA$37.64
Ero Copper
7D
-19.3%
1Y
112.7%
TKO
CA$9.79
Taseko Mines
7D
-19.4%
1Y
226.3%
LUN
CA$34.73
Lundin Mining
7D
-20.1%
1Y
174.8%
CS
CA$11.24
Capstone Copper
7D
-20.3%
1Y
43.4%

CS: Mantoverde Execution And Labor Resolution Will Shape Upside Potential

Our updated narrative for Capstone Copper reflects a higher implied fair value of CA$19.77 from CA$13.00, aligning with recent Street price target revisions clustered around CA$15 to CA$19, where analysts point to timing shifts in the Mantoverde ramp up and adjusted growth and margin expectations, echoed in our more conservative revenue growth, profit margin and future P/E inputs. Analyst Commentary Recent Street research on Capstone Copper shows a mix of renewed caution and ongoing optimism, with most published work clustering price targets in the mid teens to high teens and centering the debate on execution risk at Mantoverde and the timing of the next production and cost inflection.
ALDE
CA$2.80
Aldebaran Resources
7D
-19.1%
1Y
44.3%
ASCU
CA$7.28
Arizona Sonoran Copper
7D
0.8%
1Y
285.2%
MARI
CA$9.31
Marimaca Copper
7D
-9.4%
1Y
73.4%
GLAD
CA$1.60
Gladiator Metals
7D
24.0%
1Y
255.6%
FM
CA$32.91
First Quantum Minerals
7D
-19.4%
1Y
84.3%
ATMY
CA$1.00
Antimony Resources
7D
3.1%
1Y
809.1%
CGM
CA$0.58
Canadian Goldfields Discovery
7D
28.9%
1Y
n/a
III
CA$9.01
Imperial Metals
7D
-12.7%
1Y
291.7%
ECU
CA$1.24
Element 29 Resources
7D
8.8%
1Y
155.7%
FMT
CA$11.21
Fuerte Metals
7D
3.9%
1Y
1,145.6%
LEO
CA$0.41
Lion Copper and Gold
7D
18.8%
1Y
446.7%
USCU
CA$0.30
US Copper
7D
7.1%
1Y
361.5%