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Canadian (TSX) Copper Industry Analysis

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies41
  • 7D-13.9%
  • 3M-12.5%
  • 1Y64.0%
  • YTDn/a

Over the last 7 days, the Copper industry has dropped 14%, driven by a pullback from Lundin Mining of 15%. Meanwhile, Leviathan Metals actually outperformed within the industry, gaining 5.1% in the last week. In the past year, the industry has gained 64%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026CA$71.2bCA$18.4bCA$2.1b8.7x33.6x3.9x
Wed, 18 Feb 2026CA$89.8bCA$17.2bCA$773.3m22.5x116.1x5.2x
Fri, 16 Jan 2026CA$91.7bCA$17.2bCA$910.8m23.7x100.7x5.3x
Sun, 14 Dec 2025CA$74.6bCA$17.1bCA$904.1m21.3x82.5x4.4x
Tue, 11 Nov 2025CA$66.6bCA$17.3bCA$969.5m21.5x68.7x3.8x
Thu, 09 Oct 2025CA$63.8bCA$16.6bCA$781.4m87.1x81.6x3.8x
Sat, 06 Sep 2025CA$49.0bCA$16.5bCA$775.5m67.1x63.2x3x
Mon, 04 Aug 2025CA$43.4bCA$16.4bCA$653.1m59.7x66.5x2.7x
Wed, 02 Jul 2025CA$45.4bCA$15.9bCA$405.0m69.4x112x2.8x
Fri, 30 May 2025CA$39.5bCA$16.1bCA$415.9m70.7x95.1x2.5x
Sun, 27 Apr 2025CA$36.7bCA$15.6bCA$174.2m46x210.5x2.4x
Tue, 25 Mar 2025CA$41.3bCA$15.8b-CA$77,070,768.7855.6x-535.3x2.6x
Thu, 20 Feb 2025CA$40.3bCA$16.5bCA$399.6m57.3x100.9x2.4x
Sat, 18 Jan 2025CA$37.8bCA$16.8b-CA$1,821,663,401.8126.7x-20.8x2.3x
Mon, 16 Dec 2024CA$37.6bCA$16.5b-CA$1,787,159,086.4025.4x-21x2.3x
Wed, 13 Nov 2024CA$39.2bCA$16.2b-CA$1,750,062,958.2032.4x-22.4x2.4x
Fri, 11 Oct 2024CA$39.6bCA$16.7b-CA$1,726,162,469.5746.7x-22.9x2.4x
Sun, 08 Sep 2024CA$31.6bCA$16.5b-CA$1,702,560,356.4131.1x-18.6x1.9x
Tue, 06 Aug 2024CA$34.9bCA$16.8b-CA$1,802,068,803.8742.9x-19.4x2.1x
Thu, 04 Jul 2024CA$40.1bCA$16.3b-CA$1,662,614,368.1337.6x-24.1x2.5x
Sat, 01 Jun 2024CA$40.6bCA$16.3b-CA$1,650,771,117.7435.7x-24.6x2.5x
Mon, 29 Apr 2024CA$41.2bCA$16.1b-CA$1,448,186,499.6317.7x-28.4x2.6x
Wed, 27 Mar 2024CA$32.4bCA$16.7b-CA$1,143,757,550.3715.2x-28.3x1.9x
Fri, 23 Feb 2024CA$26.3bCA$16.1b-CA$1,069,488,525.5519.5x-24.6x1.6x
Sun, 21 Jan 2024CA$25.2bCA$17.2bCA$983.4m17.9x25.7x1.5x
Tue, 19 Dec 2023CA$24.8bCA$17.2bCA$972.1m18.6x25.5x1.4x
Thu, 16 Nov 2023CA$24.9bCA$17.5bCA$1.1b15.2x22.5x1.4x
Sat, 14 Oct 2023CA$36.3bCA$16.5bCA$839.2m16.3x43.2x2.2x
Mon, 11 Sep 2023CA$40.2bCA$16.5bCA$838.3m19.5x48x2.4x
Wed, 09 Aug 2023CA$44.0bCA$16.2bCA$278.2m25.1x158.1x2.7x
Fri, 07 Jul 2023CA$38.6bCA$16.5bCA$705.1m25.4x54.8x2.3x
Sun, 04 Jun 2023CA$37.4bCA$16.6bCA$709.9m23.8x52.7x2.3x
Tue, 02 May 2023CA$41.4bCA$16.9bCA$1.1b21x37x2.5x
Thu, 30 Mar 2023CA$36.3bCA$17.7bCA$1.6b14.7x23.4x2x
Price to Earnings Ratio

23.4x


Total Market Cap: CA$36.3bTotal Earnings: CA$1.6bTotal Revenue: CA$17.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Copper Industry Price to Earnings3Y Average -58.8x202420252026
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 33.6x which is higher than its 3-year average PE of -58.8x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Copper industry have grown 11% 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-4.49%
Materials-13.66%
Metals and Mining-14.75%
Copper-13.94%
Aluminum0%0
Steel-1.37%
Diversified Metals and Mining-12.30%
Gold-15.21%
Precious Metals and Minerals-16.93%
Silver-18.30%
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
LEO Lion Copper and GoldCA$0.443.5%
+CA$6.3m		225.9%PB107x
CCI Canadian CopperCA$0.595.4%
+CA$5.7m		257.6%n/a
LVX Leviathan MetalsCA$0.613.4%
+CA$2.0m		281.3%PB2.1x
REDC Red Canyon ResourcesCA$0.202.6%
+CA$318.3k		33.3%n/a

Latest News

III
CA$7.47
Imperial Metals
7D
-11.8%
1Y
196.4%
FDY
CA$3.75
Faraday Copper
7D
-18.3%
1Y
316.7%
CS
CA$9.98
Capstone Copper
7D
-10.3%
1Y
15.2%

CS: Later Mantoverde Inflection Will Support Future Margin Upside Potential

Capstone Copper's updated narrative reflects a modest reset in analyst expectations, with recent Street research trimming individual price targets into a CA$15.50 to CA$19.00 range as analysts factor in lower projected revenue growth, higher discount rates, and a later production and cost inflection tied to Mantoverde, while still assuming stronger profit margins and a lower future P/E multiple. Analyst Commentary Recent research on Capstone Copper reflects a more cautious tone, with several bearish analysts trimming price targets and rethinking how much execution risk and timing risk to build into their models.
TKO
CA$8.16
Taseko Mines
7D
-12.1%
1Y
135.8%

TKO: Future Copper Ramp Up At Florence Is Expected To Support Earnings

Analysts have maintained their CA$13.50 price target for Taseko Mines, citing only small model adjustments to discount rate, revenue growth and profit margin assumptions, rather than any major shift in their view of the company. Analyst Commentary Recent research on Taseko Mines sits against a backdrop of active commentary in the broader market, where several companies are seeing frequent target changes and rating shifts.
LUN
CA$31.92
Lundin Mining
7D
-7.5%
1Y
148.0%
ERO
CA$33.98
Ero Copper
7D
-7.9%
1Y
70.9%

ERO: Copper Price Upswing And Furnas Project Will Shape Outlook

Our fair value estimate for Ero Copper edges up from CA$46.33 to CA$47.90. This echoes a series of recent analyst price target increases into the CA$50 to CA$52 range that are supported by a higher assumed future P/E multiple and updated copper market views.
CCI
CA$0.59
Canadian Copper
7D
5.4%
1Y
257.6%
REDC
CA$0.20
Red Canyon Resources
7D
2.6%
1Y
33.3%
FM
CA$30.75
First Quantum Minerals
7D
-6.8%
1Y
34.6%
LVX
CA$0.61
Leviathan Metals
7D
3.4%
1Y
281.3%
FMT
CA$8.94
Fuerte Metals
7D
-20.4%
1Y
1,046.2%
LEO
CA$0.44
Lion Copper and Gold
7D
3.5%
1Y
225.9%