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Canadian (TSX) Copper Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies41
  • 7D10.0%
  • 3M2.1%
  • 1Y187.4%
  • YTDn/a

The Copper industry is up 10.0% in the last week, with Lundin Mining up 12%. In the same time, Lion Copper and Gold was down 25%. This means that the industry has gained 187% over the past year. 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
Sun, 12 Apr 2026CA$92.4bCA$18.6bCA$2.1b11x43.1x5x
Tue, 10 Mar 2026CA$83.4bCA$18.2bCA$2.1b10x39.2x4.6x
Thu, 05 Feb 2026CA$97.2bCA$17.0bCA$876.5m27.5x110.9x5.7x
Sat, 03 Jan 2026CA$81.6bCA$17.0bCA$894.3m23.1x91.3x4.8x
Mon, 01 Dec 2025CA$71.1bCA$17.3bCA$919.3m20.4x77.4x4.1x
Wed, 29 Oct 2025CA$62.7bCA$16.6bCA$782.8m84.7x80.1x3.8x
Fri, 26 Sep 2025CA$58.2bCA$16.6bCA$780.5m77.1x74.5x3.5x
Sun, 24 Aug 2025CA$47.9bCA$16.5bCA$772.0m63.7x62x2.9x
Tue, 22 Jul 2025CA$44.0bCA$16.0bCA$406.8m66x108.1x2.8x
Thu, 19 Jun 2025CA$41.5bCA$16.0bCA$407.8m66.1x101.8x2.6x
Sat, 17 May 2025CA$37.9bCA$16.3bCA$411.8m69.9x91.9x2.3x
Mon, 14 Apr 2025CA$31.1bCA$15.4b-CA$14,365,134.1838.8x-2166.3x2x
Wed, 12 Mar 2025CA$34.8bCA$15.9b-CA$69,916,406.6748.2x-497.9x2.2x
Fri, 07 Feb 2025CA$37.5bCA$16.6b-CA$1,807,791,467.5926.4x-20.7x2.3x
Sun, 05 Jan 2025CA$37.2bCA$16.8b-CA$1,814,949,057.7224.4x-20.5x2.2x
Tue, 03 Dec 2024CA$38.9bCA$16.3b-CA$1,763,251,673.0527.6x-22.1x2.4x
Thu, 31 Oct 2024CA$39.8bCA$15.9b-CA$2,038,916,081.1241.5x-19.5x2.5x
Sat, 28 Sep 2024CA$41.5bCA$16.5b-CA$1,697,223,892.9341.7x-24.4x2.5x
Mon, 26 Aug 2024CA$38.2bCA$16.4b-CA$1,668,126,817.6533.6x-22.9x2.3x
Wed, 24 Jul 2024CA$36.7bCA$16.5b-CA$1,681,255,277.5332.9x-21.8x2.2x
Fri, 21 Jun 2024CA$37.9bCA$16.4b-CA$1,669,255,590.1735.2x-22.7x2.3x
Sun, 19 May 2024CA$44.5bCA$16.3b-CA$1,650,504,020.5440x-27x2.7x
Tue, 16 Apr 2024CA$37.4bCA$16.9b-CA$1,140,163,957.8017.4x-32.8x2.2x
Thu, 14 Mar 2024CA$30.0bCA$16.5b-CA$1,135,302,857.5314.6x-26.4x1.8x
Sat, 10 Feb 2024CA$25.8bCA$16.9bCA$1.0b19.3x24.7x1.5x
Mon, 08 Jan 2024CA$26.6bCA$17.1bCA$977.0m19.6x27.2x1.6x
Wed, 06 Dec 2023CA$23.5bCA$17.4bCA$988.8m16x23.8x1.3x
Fri, 03 Nov 2023CA$24.3bCA$17.5bCA$1.2b15.2x20.6x1.4x
Sun, 01 Oct 2023CA$38.6bCA$16.4bCA$833.5m18.6x46.3x2.4x
Tue, 29 Aug 2023CA$40.1bCA$16.4bCA$820.0m24.2x48.9x2.4x
Thu, 27 Jul 2023CA$44.4bCA$15.9bCA$263.2m38.9x168.8x2.8x
Sat, 24 Jun 2023CA$38.6bCA$16.3bCA$692.7m25.8x55.8x2.4x
Mon, 22 May 2023CA$38.9bCA$16.7bCA$702.7m24.9x55.4x2.3x
Wed, 19 Apr 2023CA$43.3bCA$17.5bCA$1.5b17.5x28.3x2.5x
Price to Earnings Ratio

28.3x


Total Market Cap: CA$43.3bTotal Earnings: CA$1.5bTotal Revenue: CA$17.5bTotal 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.
  • Revenues for these companies have grown 2.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Canadian Copper compare with similar industries?

CA Market2.05%
Materials4.26%
Metals and Mining4.81%
Copper9.97%
Diversified Metals and Mining5.78%
Gold4.36%
Precious Metals and Minerals2.68%
Steel1.10%
Aluminum0%0
Silver-1.27%
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$39.2011.9%
+CA$3.6b		283.2%PE23.1x
FM First Quantum MineralsCA$38.0410.0%
+CA$2.9b		136.3%PS4.3x
CS Capstone CopperCA$12.1510.6%
+CA$886.1m		107.3%PE21.2x
ERO Ero CopperCA$43.1510.5%
+CA$426.5m		196.8%PE12.3x
TKO Taseko MinesCA$10.089.0%
+CA$303.4m		262.6%PS5.5x

Latest News

ALDE
CA$2.76
Aldebaran Resources
7D
21.1%
1Y
50.0%
LEO
CA$0.28
Lion Copper and Gold
7D
-25.0%
1Y
137.5%
ERO
CA$43.15
Ero Copper
7D
10.5%
1Y
196.8%

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$12.15
Capstone Copper
7D
10.6%
1Y
107.3%
LUN
CA$39.20
Lundin Mining
7D
11.9%
1Y
283.2%

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.
TKO
CA$10.08
Taseko Mines
7D
9.0%
1Y
262.6%

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$10.33
Fuerte Metals
7D
-1.6%
1Y
1,295.9%
KRY
CA$3.31
Koryx Copper
7D
-1.2%
1Y
209.3%
FM
CA$38.04
First Quantum Minerals
7D
10.0%
1Y
136.3%
FDY
CA$4.56
Faraday Copper
7D
6.5%
1Y
516.2%
MARI
CA$8.60
Marimaca Copper
7D
-1.8%
1Y
97.7%
CUU
CA$0.61
Copper Fox Metals
7D
-4.7%
1Y
139.2%
ASCU
CA$8.11
Arizona Sonoran Copper
7D
12.2%
1Y
311.7%
AXO
CA$0.81
Axo Copper
7D
-3.6%
1Y
n/a
CUEX
CA$0.085
CopperEx Resources
7D
-15.0%
1Y
21.4%