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U.K. (FTSE) Copper Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies6
  • 7D-6.7%
  • 3M30.4%
  • 1Y100.7%
  • YTDn/a

Over the last 7 days, the Copper industry has dropped 6.7%, driven by a pullback from Antofagasta of 6.6%. In the past year, the industry has gained 101%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the U.K. Copper Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026UK£37.4bUK£6.0bUK£851.5m17.9x43.9x6.2x
Sun, 04 Jan 2026UK£34.5bUK£6.1bUK£856.9m16.4x40.2x5.7x
Tue, 02 Dec 2025UK£30.0bUK£6.2bUK£871.4m14x34.5x4.9x
Thu, 30 Oct 2025UK£29.9bUK£6.2bUK£885.9m14.3x33.7x4.8x
Sat, 27 Sep 2025UK£27.9bUK£6.1bUK£872.1m12.9x32x4.6x
Mon, 25 Aug 2025UK£22.8bUK£6.0bUK£875.7m11.3x26.1x3.8x
Wed, 23 Jul 2025UK£20.8bUK£5.4bUK£668.7m12.9x31.2x3.9x
Fri, 20 Jun 2025UK£17.9bUK£5.4bUK£672.7m12.5x26.6x3.3x
Sun, 18 May 2025UK£19.0bUK£5.4bUK£660.3m21.6x28.8x3.5x
Tue, 15 Apr 2025UK£16.0bUK£5.5bUK£648.9m17.2x24.6x2.9x
Thu, 13 Mar 2025UK£18.3bUK£5.5bUK£645.8m23x28.4x3.3x
Sat, 08 Feb 2025UK£18.9bUK£5.6bUK£617.7m26x30.5x3.4x
Mon, 06 Jan 2025UK£16.7bUK£5.6bUK£616.0m24x27.1x3x
Wed, 04 Dec 2024UK£18.3bUK£5.5bUK£604.7m23.2x30.3x3.3x
Fri, 01 Nov 2024UK£18.6bUK£5.4bUK£603.7m17.9x30.8x3.5x
Sun, 29 Sep 2024UK£21.4bUK£5.2bUK£582.5m19.6x36.7x4.1x
Tue, 27 Aug 2024UK£19.7bUK£5.3bUK£587.9m18.4x33.5x3.7x
Thu, 25 Jul 2024UK£20.4bUK£5.3bUK£651.1m20.5x31.3x3.8x
Sat, 22 Jun 2024UK£21.5bUK£5.4bUK£663.9m23.4x32.4x4x
Mon, 20 May 2024UK£24.7bUK£5.4bUK£669.2m20.3x36.9x4.6x
Wed, 17 Apr 2024UK£23.7bUK£5.5bUK£688.7m17.9x34.4x4.3x
Fri, 15 Mar 2024UK£19.9bUK£5.4bUK£645.9m28.8x30.8x3.7x
Sun, 11 Feb 2024UK£17.1bUK£5.4bUK£1.3b13x13.6x3.2x
Tue, 09 Jan 2024UK£17.0bUK£5.3bUK£1.3b13.5x13.6x3.2x
Thu, 07 Dec 2023UK£15.2bUK£5.4bUK£1.3b12.8x12x2.8x
Sat, 04 Nov 2023UK£14.4bUK£5.5bUK£1.3b20.9x11.3x2.6x
Mon, 02 Oct 2023UK£15.3bUK£5.6bUK£1.3b23.7x11.8x2.7x
Wed, 30 Aug 2023UK£15.7bUK£5.4bUK£1.3b12.5x12x2.9x
Fri, 28 Jul 2023UK£17.5bUK£5.0bUK£1.2b13.7x14.3x3.5x
Sun, 25 Jun 2023UK£15.6bUK£5.1bUK£1.2b11.9x12.6x3.1x
Tue, 23 May 2023UK£15.4bUK£5.2bUK£1.3b12.7x12.2x3x
Thu, 20 Apr 2023UK£17.5bUK£5.2bUK£1.3b14.7x13.6x3.4x
Sat, 18 Mar 2023UK£15.7bUK£5.3bUK£1.4b9.8x11.3x2.9x
Mon, 13 Feb 2023UK£17.9bUK£5.8bUK£868.6m16.7x20.6x3.1x
Price to Earnings Ratio

20.6x


Total Market Cap: UK£17.9bTotal Earnings: UK£868.6mTotal Revenue: UK£5.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Copper Industry Price to Earnings3Y Average 25x202420252026
Current Industry PE
  • Investors are optimistic on the British Copper industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 43.9x which is higher than its 3-year average PE of 25.0x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Copper industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Comparison

How does U.K. Copper compare with similar industries?

GB Market0.74%
Materials-3.31%
Metals and Mining-3.67%
Copper-6.67%
Aluminum0%0
Silver0%0
Steel-1.69%
Diversified Metals and Mining-2.24%
Precious Metals and Minerals-5.64%
Gold-9.54%
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
PXC Phoenix CopperUK£0.0232.2%
+UK£144.0k		-45.9%PB0.2x

Latest News

ATYM
UK£9.22
Atalaya Mining Copper
7D
-11.2%
1Y
141.4%

ATYM: Future Equity Raise Will Support Copper Expansion And Margin Stability

Analysts have lifted their price target for Atalaya Mining Copper from €10.65 to about €11.19, citing updated assumptions around discount rates, revenue trends, profit margins and future P/E multiples. What's in the News Atalaya Mining Copper completed a follow on equity offering of £127.3 million, issuing 12,730,000 ordinary shares at £10 per share under Regulation S, with a subsequent direct listing feature.
CAML
UK£2.13
Central Asia Metals
7D
-6.2%
1Y
34.8%

CAML: Future Production Guidance And Mixed Views Will Shape A Balanced Outlook

Analysts have trimmed their price target for Central Asia Metals by a small amount, to about £2.41 from roughly £2.40, citing updated assumptions on discount rates, modestly higher revenue expectations and a slightly richer future P/E multiple. Analyst Commentary Recent research around Central Asia Metals has been mixed, but bullish analysts still see several constructive angles that tie back to valuation support, potential revenue strength and room for execution to add value over time.
ANTO
UK£35.35
Antofagasta
7D
-6.6%
1Y
98.2%

ANTO: Project Execution Risks Likely To Challenge Rich Copper Earnings Expectations

The analyst price target for Antofagasta has been lifted to a new fair value estimate of £21.04 from £18.96 as analysts factor in higher assumed revenue growth, stronger profit margins, and a lower future P/E multiple supported by recent target hikes and rating changes across major banks. Analyst Commentary Recent Street research on Antofagasta points to a mix of optimism on growth projects and caution on how much of that potential is already reflected in the share price.
GSCU
UK£0.03
Great Southern Copper
7D
-19.7%
1Y
125.9%
PXC
UK£0.023
Phoenix Copper
7D
2.2%
1Y
-45.9%
SOLG
UK£0.28
SolGold
7D
-0.4%
1Y
298.6%