20-quarter listed-company comparison

Copper Stocks

Copper: Ero Copper Corp. owns the largest revenue base AND the fastest current growth.

01 · the industry itself · before any single company

How has Copper moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 83% ahead of S&P 500. Earnings across its companies grew 48% on average over the last four reported quarters.

BASING · +0 joined✓Price and the fundamentals both up0 of 6 companies ahead of S&P 500 by 5% or more over three months

RS — · 5/6 >200d (+2) · 0/6 lead (+0) · EPS 6/6↑

Copper, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

02 · sector relative strength, before individual stocks

Is Copper outperforming S&P 500?

Copper has outperformed S&P 500 by 63.2% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 4.8%. 5 of 6 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is broad. Trekor Metals Limited is the strongest against the sector itself at +12.7%.

-4.8%Sector vs S&P 500 · 13 weeks

+63.2%Sector vs S&P 500 · 52 weeks

5/6Stocks leading S&P 500

4/6Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Copper has outperformed S&P 500 by 63.2% over 52 weeks and 4.8% over 13 weeks. 5 of 6 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 6 beat the sector itself. Ero Copper Corp. leads with revenue of $924 million, based on 3 of 6 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

$278.1B

Southern Copper Corporation

Revenue growing

2/3

positive TTM year-on-year growth

Beating S&P 500

5/6

positive Mansfield relative strength

Comparing 3 of 6

03 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Southern Copper Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 57.8% evidence confidence.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Southern Copper CorporationSCCO	67.6/100Thin evidence · provisional58% evidence	TURNING	21.5/35 Revenue — · PAT — · OPM change 9.1 pp 45% evidence	19.2/25 ROCE 13% · OPM 58.3% 76% evidence	9.7/20 P/E 25.8× · PEG — 15% evidence	17.2/20 RS sector 6% · RS bench 11.8% · 1Y 102.3%1 of 12 weeks ahead 100% evidence
Exact sum: 21.5 + 19.2 + 9.7 + 17.2 = 67.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Ero Copper Corp.ERO	61.4/100Mixed-positive evidence81% evidence	ASLEEP	23.8/35 Revenue 88.6% · PAT 100% · OPM change 0.6 pp 83% evidence	13.9/25 ROCE 5.6% · OPM 35% 76% evidence	15.9/20 P/E 9.5× · PEG 0.18 65% evidence	7.8/20 RS sector -2.2% · RS bench 3.2% · 1Y 107.9%1 of 12 weeks ahead 100% evidence
Exact sum: 23.8 + 13.9 + 15.9 + 7.8 = 61.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Freeport-McMoRan Inc.FCX	55.8/100Thin evidence · provisional58% evidence	TURNING	17.7/35 Revenue — · PAT — · OPM change 11.6 pp 45% evidence	12.9/25 ROCE 3.9% · OPM 34.3% 76% evidence	9.1/20 P/E 31× · PEG — 15% evidence	16.1/20 RS sector 4.3% · RS bench 11.3% · 1Y 60.7%3 of 12 weeks ahead 100% evidence
Exact sum: 17.7 + 12.9 + 9.1 + 16.1 = 55.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Trekor Metals LimitedTGB	53.4/100Mixed-positive evidence64% evidence	ASLEEP	21.1/35 Revenue 28.3% · PAT — · OPM change 10.2 pp 62% evidence	8.0/25 ROCE 3.7% · OPM 33.1% 76% evidence	8.5/20 P/E 179.3× · PEG — 15% evidence	15.8/20 RS sector 12.7% · RS bench 17.8% · 1Y 147%1 of 12 weeks ahead 100% evidence
Exact sum: 21.1 + 8 + 8.5 + 15.8 = 53.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Hudbay Minerals Inc.HBM	43.5/100Thin evidence · provisional58% evidence	ASLEEP	16.0/35 Revenue — · PAT — · OPM change 9.1 pp 45% evidence	9.1/25 ROCE 3.6% · OPM 40.3% 76% evidence	10.3/20 P/E 13.9× · PEG — 15% evidence	8.1/20 RS sector 3.7% · RS bench 9.1% · 1Y 157%3 of 12 weeks ahead 100% evidence
Exact sum: 16 + 9.1 + 10.3 + 8.1 = 43.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Ivanhoe Electric Inc.IE	39.4/100Thin evidence · provisional54% evidence	BASING	20.0/35 Revenue 0% · PAT — · OPM change 414.4 pp 62% evidence	4.9/25 ROCE -21% · OPM — 61% evidence	11.5/20 P/E -55.3× · PEG — 15% evidence	3.0/20 RS sector -31.9% · RS bench -27.1% · 1Y 3.6%0 of 12 weeks ahead 70% evidence
Exact sum: 20 + 4.9 + 11.5 + 3 = 39.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

04 · what price has already done

Market action

Hudbay Minerals Inc. has the strongest one-year price move in Copper at +157%. Trekor Metals Limited leads on Mansfield relative strength against the S&P 500 at +17.8%. 5 of 6 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Revenue Scale & Growth Durability

Ero Copper Corp. has the highest Revenue among the 6 Copper companies compared here, at $924 million. Trekor Metals Limited is next at $771 million. The same company also holds the highest Revenue growth, at 88.6%. 3 of 6 companies report a comparable reading, the latest through Mar 2026. Its Revenue series carries 19 reported observations across the 20-quarter window.

What the numbers say: Ero Copper Corp. is the scale leader at $924 million, 19.8% ahead of Trekor Metals Limited. Ero Copper Corp.'s growth is 88.6% from a $924 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderEro Copper Corp. · $924 million

Gap19.8% versus #2 · Trekor Metals Limited

Persistence8/8 recent comparable periods

Coverage3/6 companies · 114 observations

Investor read: Ero Copper Corp. is the scale benchmark; Ero Copper Corp. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Ero Copper Corp.'s growth falls below Ero Copper Corp.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Ero Copper Corp. ERO$924M

2Trekor Metals Limited TGB$771M

3Ivanhoe Electric Inc. IE$4M

Revenue growthfastest growers

1Ero Copper Corp. ERO89%

2Trekor Metals Limited TGB28%

3Ivanhoe Electric Inc. IE0.0%

Revenue · company comparison

3/6 level · 3/6 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Freeport-McMoRan Inc. FCX	$6.2B	8.8%	Jun 2026
Southern Copper Corporation SCCO	$4.3B	36%	Jun 2026
Hudbay Minerals Inc. HBM	$757M	27%	Jun 2026
Ero Copper Corp. ERO	$263M	110%	Mar 2026
Trekor Metals Limited TGB	$237M	71%	Mar 2026
Ivanhoe Electric Inc. IE	$1M	0.0%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Ero Copper Corp. · ERO

Sep 2021$112M

Dec 2021$135M

Mar 2022$109M

Jun 2022$115M

Sep 2022$86M

Dec 2022$117M

Mar 2023$101M

Jun 2023$105M

Sep 2023$105M

Dec 2023$116M

Mar 2024$106M

Jun 2024$117M

Sep 2024$125M

Dec 2024$123M

Mar 2025$125M

Jun 2025$164M

Sep 2025$177M

Dec 2025$320M

Mar 2026$263M

Jun 2026—

Freeport-McMoRan Inc. · FCX

Sep 2021$6.1B

Dec 2021$6.2B

Mar 2022$6.6B

Jun 2022$5.4B

Sep 2022$5.0B

Dec 2022$5.8B

Mar 2023$5.4B

Jun 2023$5.7B

Sep 2023$5.8B

Dec 2023$5.9B

Mar 2024$6.3B

Jun 2024$6.6B

Sep 2024$6.8B

Dec 2024$5.7B

Mar 2025$5.7B

Jun 2025$7.6B

Sep 2025$7.0B

Dec 2025$5.6B

Mar 2026$6.2B

Jun 2026—

Hudbay Minerals Inc. · HBM

Sep 2021$359M

Dec 2021$425M

Mar 2022$379M

Jun 2022$415M

Sep 2022$346M

Dec 2022$321M

Mar 2023$295M

Jun 2023$312M

Sep 2023$480M

Dec 2023$602M

Mar 2024$525M

Jun 2024$426M

Sep 2024$486M

Dec 2024$585M

Mar 2025$595M

Jun 2025$536M

Sep 2025$347M

Dec 2025$733M

Mar 2026$757M

Jun 2026—

Ivanhoe Electric Inc. · IE

Sep 2021$1M

Dec 2021$1M

Mar 2022$7M

Jun 2022$0M

Sep 2022$1M

Dec 2022$0M

Mar 2023$1M

Jun 2023$1M

Sep 2023$0M

Dec 2023$2M

Mar 2024$0M

Jun 2024$1M

Sep 2024$1M

Dec 2024$1M

Mar 2025$1M

Jun 2025$1M

Sep 2025$1M

Dec 2025$1M

Mar 2026$1M

Jun 2026—

Southern Copper Corporation · SCCO

Sep 2021$2.7B

Dec 2021$2.8B

Mar 2022$2.8B

Jun 2022$2.3B

Sep 2022$2.2B

Dec 2022$2.8B

Mar 2023$2.8B

Jun 2023$2.3B

Sep 2023$2.5B

Dec 2023$2.3B

Mar 2024$2.6B

Jun 2024$3.1B

Sep 2024$2.9B

Dec 2024$2.8B

Mar 2025$3.1B

Jun 2025$3.1B

Sep 2025$3.4B

Dec 2025$3.9B

Mar 2026$4.3B

Jun 2026—

Trekor Metals Limited · TGB

Sep 2021$133M

Dec 2021$103M

Mar 2022$118M

Jun 2022$83M

Sep 2022$90M

Dec 2022$101M

Mar 2023$116M

Jun 2023$112M

Sep 2023$144M

Dec 2023$154M

Mar 2024$147M

Jun 2024$138M

Sep 2024$156M

Dec 2024$168M

Mar 2025$139M

Jun 2025$116M

Sep 2025$174M

Dec 2025$244M

Mar 2026$237M

Jun 2026—

Revenue growth · reported quarter history

Ero Copper Corp. · ERO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-5.0%

Sep 2022-23%

Dec 2022-13%

Mar 2023-7.3%

Jun 2023-8.7%

Sep 202322%

Dec 2023-0.9%

Mar 20245.0%

Jun 202411%

Sep 202419%

Dec 20246.0%

Mar 202518%

Jun 202540%

Sep 202542%

Dec 2025160%

Mar 2026110%

Jun 2026—

Freeport-McMoRan Inc. · FCX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-5.8%

Sep 2022-18%

Dec 2022-6.6%

Mar 2023-18%

Jun 20235.9%

Sep 202316%

Dec 20232.6%

Mar 202417%

Jun 202415%

Sep 202417%

Dec 2024-3.1%

Mar 2025-9.4%

Jun 202514%

Sep 20252.7%

Dec 2025-1.5%

Mar 20268.8%

Jun 2026—

Hudbay Minerals Inc. · HBM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20222.7%

Sep 2022-3.6%

Dec 2022-24%

Mar 2023-22%

Jun 2023-25%

Sep 202339%

Dec 202388%

Mar 202478%

Jun 202437%

Sep 20241.3%

Dec 2024-2.8%

Mar 202513%

Jun 202526%

Sep 2025-29%

Dec 202525%

Mar 202627%

Jun 2026—

Ivanhoe Electric Inc. · IE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-100%

Sep 20220.0%

Dec 2022-100%

Mar 2023-86%

Jun 2023—

Sep 2023-100%

Dec 2023—

Mar 2024-100%

Jun 20240.0%

Sep 2024—

Dec 2024-50%

Mar 2025—

Jun 20250.0%

Sep 20250.0%

Dec 20250.0%

Mar 20260.0%

Jun 2026—

Southern Copper Corporation · SCCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-20%

Sep 2022-20%

Dec 2022-0.1%

Mar 20231.1%

Jun 2023-0.3%

Sep 202316%

Dec 2023-19%

Mar 2024-6.9%

Jun 202436%

Sep 202417%

Dec 202421%

Mar 202520%

Jun 2025-2.2%

Sep 202515%

Dec 202539%

Mar 202636%

Jun 2026—

Trekor Metals Limited · TGB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-25%

Sep 2022-32%

Dec 2022-1.9%

Mar 2023-1.7%

Jun 202335%

Sep 202360%

Dec 202352%

Mar 202427%

Jun 202423%

Sep 20248.3%

Dec 20249.1%

Mar 2025-5.4%

Jun 2025-16%

Sep 202512%

Dec 202545%

Mar 202671%

Jun 2026—

06 · compare level, then change

Operating Economics & Margin Trend

Southern Copper Corporation has the highest OPM among the 6 Copper companies compared here, at 58.3%. Hudbay Minerals Inc. is next at 40.3%. Ivanhoe Electric Inc. has the highest Margin change at +414.4 percentage points, so level and change sit with different companies. 5 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Southern Copper Corporation leads opm at 58.3%; Ivanhoe Electric Inc. leads margin change at +414.4 percentage points.

LeaderSouthern Copper Corporation · 58.3%

Gap44.7% versus #2 · Hudbay Minerals Inc.

Persistence8/8 recent comparable periods

Coverage5/6 companies · 96 observations

Investor read: Southern Copper Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Southern Copper Corporation SCCO58%

2Hudbay Minerals Inc. HBM40%

3Ero Copper Corp. ERO35%

4Freeport-McMoRan Inc. FCX34%

5Trekor Metals Limited TGB33%

Margin changefastest expanders

1Ivanhoe Electric Inc. IE+414.4 pp

2Freeport-McMoRan Inc. FCX+11.6 pp

3Trekor Metals Limited TGB+10.2 pp

4Hudbay Minerals Inc. HBM+9.1 pp

5Southern Copper Corporation SCCO+9.1 pp

Operating margin · company comparison

5/6 level · 6/6 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Southern Copper Corporation SCCO	58%	+9.1 pp	Jun 2026
Hudbay Minerals Inc. HBM	40%	+9.1 pp	Jun 2026
Ero Copper Corp. ERO	35%	+0.6 pp	Mar 2026
Freeport-McMoRan Inc. FCX	34%	+11.6 pp	Jun 2026
Trekor Metals Limited TGB	33%	+10.2 pp	Mar 2026
Ivanhoe Electric Inc. IE	-255%	+414.4 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Ero Copper Corp. · ERO

Sep 202151%

Dec 202153%

Mar 202244%

Jun 202235%

Sep 20228.1%

Dec 202230%

Mar 202323%

Jun 202320%

Sep 202321%

Dec 202325%

Mar 202412%

Jun 202413%

Sep 202429%

Dec 202437%

Mar 202534%

Jun 202529%

Sep 202522%

Dec 202544%

Mar 202635%

Jun 2026—

Freeport-McMoRan Inc. · FCX

Sep 202141%

Dec 202137%

Mar 202243%

Jun 202232%

Sep 202219%

Dec 202227%

Mar 202330%

Jun 202325%

Sep 202326%

Dec 202329%

Mar 202426%

Jun 202431%

Sep 202429%

Dec 202422%

Mar 202523%

Jun 202532%

Sep 202528%

Dec 202514%

Mar 202634%

Jun 2026—

Hudbay Minerals Inc. · HBM

Sep 2021-33%

Dec 20219.1%

Mar 202233%

Jun 202211%

Sep 20225.9%

Dec 20227.0%

Mar 202318%

Jun 2023-0.1%

Sep 202324%

Dec 202322%

Mar 202421%

Jun 202411%

Sep 202422%

Dec 202424%

Mar 202531%

Jun 202529%

Sep 202597%

Dec 202533%

Mar 202640%

Jun 2026—

Ivanhoe Electric Inc. · IE

Sep 2021—

Dec 2021—

Mar 2022-255%

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Southern Copper Corporation · SCCO

Sep 202156%

Dec 202154%

Mar 202253%

Jun 202235%

Sep 202237%

Dec 202249%

Mar 202349%

Jun 202339%

Sep 202343%

Dec 202338%

Mar 202446%

Jun 202452%

Sep 202450%

Dec 202447%

Mar 202549%

Jun 202552%

Sep 202552%

Dec 202555%

Mar 202658%

Jun 2026—

Trekor Metals Limited · TGB

Sep 202146%

Dec 202151%

Mar 202228%

Jun 2022-46%

Sep 2022-16%

Dec 202240%

Mar 202322%

Jun 20233.2%

Sep 202335%

Dec 202335%

Mar 202414%

Jun 202437%

Sep 202414%

Dec 20241.0%

Mar 202523%

Jun 20251.3%

Sep 202526%

Dec 202551%

Mar 202633%

Jun 2026—

Margin change · reported quarter history

Ero Copper Corp. · ERO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−24.1 pp

Sep 2022−43.2 pp

Dec 2022−23.1 pp

Mar 2023−21.2 pp

Jun 2023−15.4 pp

Sep 2023+13.1 pp

Dec 2023−4.5 pp

Mar 2024−10.3 pp

Jun 2024−7.4 pp

Sep 2024+7.4 pp

Dec 2024+11.9 pp

Mar 2025+22.0 pp

Jun 2025+16.8 pp

Sep 2025−7.1 pp

Dec 2025+7.2 pp

Mar 2026+0.6 pp

Jun 2026—

Freeport-McMoRan Inc. · FCX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−3.9 pp

Sep 2022−21.3 pp

Dec 2022−10.8 pp

Mar 2023−12.8 pp

Jun 2023−7.5 pp

Sep 2023+6.4 pp

Dec 2023+2.6 pp

Mar 2024−3.8 pp

Jun 2024+6.3 pp

Sep 2024+2.9 pp

Dec 2024−7.5 pp

Mar 2025−3.2 pp

Jun 2025+1.2 pp

Sep 2025−0.2 pp

Dec 2025−7.3 pp

Mar 2026+11.6 pp

Jun 2026—

Hudbay Minerals Inc. · HBM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−3.4 pp

Sep 2022+38.7 pp

Dec 2022−2.1 pp

Mar 2023−15.4 pp

Jun 2023−11.2 pp

Sep 2023+18.1 pp

Dec 2023+14.6 pp

Mar 2024+3.5 pp

Jun 2024+10.6 pp

Sep 2024−2.2 pp

Dec 2024+2.0 pp

Mar 2025+9.9 pp

Jun 2025+18.0 pp

Sep 2025+74.9 pp

Dec 2025+9.5 pp

Mar 2026+9.1 pp

Jun 2026—

Ivanhoe Electric Inc. · IE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−12,202.1 pp

Sep 2022−1,774.5 pp

Dec 2022−12,238.4 pp

Mar 2023−5,428.7 pp

Jun 2023+9,357.1 pp

Sep 2023−16,121.9 pp

Dec 2023+13,415.2 pp

Mar 2024−10,117.1 pp

Jun 2024−5,417.2 pp

Sep 2024+13,419.8 pp

Dec 2024+610.6 pp

Mar 2025+12,126.3 pp

Jun 2025+6,862.4 pp

Sep 2025+1,905.5 pp

Dec 2025−2,221.5 pp

Mar 2026+414.4 pp

Jun 2026—

Southern Copper Corporation · SCCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−22.8 pp

Sep 2022−19.7 pp

Dec 2022−5.6 pp

Mar 2023−4.7 pp

Jun 2023+4.1 pp

Sep 2023+6.2 pp

Dec 2023−10.8 pp

Mar 2024−2.7 pp

Jun 2024+12.4 pp

Sep 2024+6.8 pp

Dec 2024+9.2 pp

Mar 2025+3.4 pp

Jun 2025+0.5 pp

Sep 2025+2.9 pp

Dec 2025+7.5 pp

Mar 2026+9.1 pp

Jun 2026—

Trekor Metals Limited · TGB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−74.4 pp

Sep 2022−62.7 pp

Dec 2022−11.4 pp

Mar 2023−5.3 pp

Jun 2023+49.1 pp

Sep 2023+51.5 pp

Dec 2023−4.8 pp

Mar 2024−8.3 pp

Jun 2024+33.4 pp

Sep 2024−21.1 pp

Dec 2024−33.8 pp

Mar 2025+8.8 pp

Jun 2025−35.3 pp

Sep 2025+11.9 pp

Dec 2025+49.6 pp

Mar 2026+10.2 pp

Jun 2026—

07 · compare level, then change

Profit Scale & Acceleration

Ero Copper Corp. has the highest Net profit among the 6 Copper companies compared here, at $296 million. Trekor Metals Limited is next at $15 million. The same company also holds the highest Profit growth, at the 100% top of the scoring scale. 3 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Ero Copper Corp. leads with $296 million of TTM profit, 19.7× the profit of Trekor Metals Limited. Ero Copper Corp. shows ≥100% on the scoring scale (1380% uncapped) growth from a $296 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderEro Copper Corp. · $296 million

Gap19.7× versus #2 · Trekor Metals Limited

Persistence3/8 recent comparable periods

Coverage3/6 companies · 114 observations

Investor read: Ero Copper Corp. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Ero Copper Corp. ERO$296M

2Trekor Metals Limited TGB$15M

3Ivanhoe Electric Inc. IE$-34M

Profit growthfastest growers

1Ero Copper Corp. ERO100%

Net profit · company comparison

3/6 level · 1/6 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Southern Copper Corporation SCCO	$1.6B	67%	Jun 2026
Freeport-McMoRan Inc. FCX	$1.4B	75%	Jun 2026
Hudbay Minerals Inc. HBM	$192M	94%	Jun 2026
Ero Copper Corp. ERO	$109M	35%	Mar 2026
Ivanhoe Electric Inc. IE	$42M	-300%	Mar 2026
Trekor Metals Limited TGB	$17M	-253%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Ero Copper Corp. · ERO

Sep 2021$26M

Dec 2021$60M

Mar 2022$52M

Jun 2022$24M

Sep 2022$4M

Dec 2022$22M

Mar 2023$25M

Jun 2023$30M

Sep 2023$3M

Dec 2023$37M

Mar 2024$-7M

Jun 2024$-53M

Sep 2024$41M

Dec 2024$-49M

Mar 2025$81M

Jun 2025$71M

Sep 2025$37M

Dec 2025$79M

Mar 2026$109M

Jun 2026—

Freeport-McMoRan Inc. · FCX

Sep 2021$1.7B

Dec 2021$1.4B

Mar 2022$1.9B

Jun 2022$1.0B

Sep 2022$560M

Dec 2022$977M

Mar 2023$1.0B

Jun 2023$731M

Sep 2023$964M

Dec 2023$1.0B

Mar 2024$1.2B

Jun 2024$1.3B

Sep 2024$1.2B

Dec 2024$721M

Mar 2025$793M

Jun 2025$1.5B

Sep 2025$1.2B

Dec 2025$565M

Mar 2026$1.4B

Jun 2026—

Hudbay Minerals Inc. · HBM

Sep 2021$-170M

Dec 2021$-10M

Mar 2022$64M

Jun 2022$32M

Sep 2022$-8M

Dec 2022$-17M

Mar 2023$5M

Jun 2023$-15M

Sep 2023$45M

Dec 2023$33M

Mar 2024$19M

Jun 2024$-20M

Sep 2024$50M

Dec 2024$19M

Mar 2025$99M

Jun 2025$115M

Sep 2025$222M

Dec 2025$128M

Mar 2026$192M

Jun 2026—

Ivanhoe Electric Inc. · IE

Sep 2021$-18M

Dec 2021$-26M

Mar 2022$-15M

Jun 2022$-54M

Sep 2022$-40M

Dec 2022$-40M

Mar 2023$-36M

Jun 2023$-38M

Sep 2023$-78M

Dec 2023$-47M

Mar 2024$-56M

Jun 2024$-47M

Sep 2024$-43M

Dec 2024$17M

Mar 2025$-31M

Jun 2025$-24M

Sep 2025$-18M

Dec 2025$-34M

Mar 2026$42M

Jun 2026—

Southern Copper Corporation · SCCO

Sep 2021$871M

Dec 2021$836M

Mar 2022$788M

Jun 2022$434M

Sep 2022$521M

Dec 2022$905M

Mar 2023$816M

Jun 2023$550M

Sep 2023$622M

Dec 2023$447M

Mar 2024$739M

Jun 2024$954M

Sep 2024$900M

Dec 2024$796M

Mar 2025$949M

Jun 2025$977M

Sep 2025$1.1B

Dec 2025$1.3B

Mar 2026$1.6B

Jun 2026—

Trekor Metals Limited · TGB

Sep 2021$22M

Dec 2021$12M

Mar 2022$5M

Jun 2022$-5M

Sep 2022$-24M

Dec 2022$-2M

Mar 2023$34M

Jun 2023$10M

Sep 2023$1M

Dec 2023$38M

Mar 2024$19M

Jun 2024$-11M

Sep 2024$0M

Dec 2024$-21M

Mar 2025$-29M

Jun 2025$22M

Sep 2025$-28M

Dec 2025$4M

Mar 2026$17M

Jun 2026—

Profit growth · reported quarter history

Ero Copper Corp. · ERO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-71%

Sep 2022-85%

Dec 2022-63%

Mar 2023-52%

Jun 202325%

Sep 2023-25%

Dec 202368%

Mar 2024-128%

Jun 2024-277%

Sep 20241,267%

Dec 2024-232%

Mar 2025—

Jun 2025—

Sep 2025-9.8%

Dec 2025—

Mar 202635%

Jun 2026—

Freeport-McMoRan Inc. · FCX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-22%

Sep 2022-68%

Dec 2022-28%

Mar 2023-45%

Jun 2023-30%

Sep 202372%

Dec 20233.1%

Mar 202411%

Jun 202475%

Sep 202428%

Dec 2024-28%

Mar 2025-32%

Jun 202521%

Sep 20250.9%

Dec 2025-22%

Mar 202675%

Jun 2026—

Hudbay Minerals Inc. · HBM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023-92%

Jun 2023-147%

Sep 2023—

Dec 2023—

Mar 2024280%

Jun 2024—

Sep 202411%

Dec 2024-42%

Mar 2025421%

Jun 2025—

Sep 2025344%

Dec 2025574%

Mar 202694%

Jun 2026—

Ivanhoe Electric Inc. · IE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025-300%

Mar 2026—

Jun 2026—

Southern Copper Corporation · SCCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-54%

Sep 2022-40%

Dec 20228.3%

Mar 20233.6%

Jun 202327%

Sep 202319%

Dec 2023-51%

Mar 2024-9.4%

Jun 202473%

Sep 202445%

Dec 202478%

Mar 202528%

Jun 20252.4%

Sep 202523%

Dec 202565%

Mar 202667%

Jun 2026—

Trekor Metals Limited · TGB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-138%

Sep 2022-209%

Dec 2022-117%

Mar 2023580%

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024-44%

Jun 2024-210%

Sep 2024-100%

Dec 2024-155%

Mar 2025-253%

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

08 · compare level, then change

Return On Capital Employed

Southern Copper Corporation has the highest ROCE among the 6 Copper companies compared here, at 13%. Ero Copper Corp. is next at 5.6%. Ivanhoe Electric Inc. has the highest ROCE change at +18 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Southern Copper Corporation leads ROCE at 13%, 7.4 percentage points above Ero Copper Corp.. Ivanhoe Electric Inc. has the strongest latest improvement at +18 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderSouthern Copper Corporation · 13%

Gap132.1% versus #2 · Ero Copper Corp.

Persistence7/8 recent comparable periods

Coverage6/6 companies · 116 observations

Investor read: Southern Copper Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1Southern Copper Corporation SCCO13%

2Ero Copper Corp. ERO5.6%

3Freeport-McMoRan Inc. FCX3.9%

4Trekor Metals Limited TGB3.7%

5Hudbay Minerals Inc. HBM3.6%

ROCE changefastest improvers

1Ivanhoe Electric Inc. IE+18.0 pp

2Southern Copper Corporation SCCO+3.7 pp

3Ero Copper Corp. ERO+2.5 pp

4Trekor Metals Limited TGB+2.0 pp

5Hudbay Minerals Inc. HBM+0.4 pp

Return on capital · company comparison

6/6 level · 6/6 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Southern Copper Corporation SCCO	13%	+3.7 pp	Jun 2026
Ero Copper Corp. ERO	5.6%	+2.5 pp	Mar 2026
Freeport-McMoRan Inc. FCX	3.9%	−1.0 pp	Jun 2026
Trekor Metals Limited TGB	3.7%	+2.0 pp	Mar 2026
Hudbay Minerals Inc. HBM	3.6%	+0.4 pp	Jun 2026
Ivanhoe Electric Inc. IE	-21%	+18.0 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Ero Copper Corp. · ERO

Sep 202114%

Dec 202115%

Mar 20226.4%

Jun 20225.2%

Sep 20220.9%

Dec 20224.2%

Mar 20232.1%

Jun 20231.9%

Sep 20232.1%

Dec 20232.4%

Mar 20241.1%

Jun 20241.2%

Sep 20242.9%

Dec 20243.5%

Mar 20253.1%

Jun 20253.4%

Sep 20252.6%

Dec 20259.7%

Mar 20265.6%

Jun 2026—

Freeport-McMoRan Inc. · FCX

Sep 20216.2%

Dec 20215.7%

Mar 20226.9%

Jun 20224.1%

Sep 20222.3%

Dec 20223.5%

Mar 20233.6%

Jun 20233.1%

Sep 20233.3%

Dec 20233.8%

Mar 20243.5%

Jun 20244.3%

Sep 20244.0%

Dec 20242.6%

Mar 20252.7%

Jun 20254.9%

Sep 20253.9%

Dec 20251.6%

Mar 20264.1%

Jun 20263.9%

Hudbay Minerals Inc. · HBM

Sep 2021-2.8%

Dec 20210.9%

Mar 20223.1%

Jun 20221.1%

Sep 20220.5%

Dec 20220.6%

Mar 20231.3%

Jun 20230.0%

Sep 20232.7%

Dec 20233.0%

Mar 20242.6%

Jun 20240.9%

Sep 20242.2%

Dec 20242.8%

Mar 20253.8%

Jun 20253.2%

Sep 20256.8%

Dec 20254.9%

Mar 20265.6%

Jun 20263.6%

Ivanhoe Electric Inc. · IE

Sep 2021—

Dec 2021-54%

Mar 2022-69%

Jun 2022-28%

Sep 2022-40%

Dec 2022-54%

Mar 2023-73%

Jun 2023-69%

Sep 2023-38%

Dec 2023-40%

Mar 2024-47%

Jun 2024-53%

Sep 2024-58%

Dec 2024-52%

Mar 2025-39%

Jun 2025-33%

Sep 2025-32%

Dec 2025-26%

Mar 2026-21%

Jun 2026—

Southern Copper Corporation · SCCO

Sep 20219.6%

Dec 20219.7%

Mar 20229.2%

Jun 20225.1%

Sep 20224.9%

Dec 20228.5%

Mar 20238.4%

Jun 20235.7%

Sep 20236.8%

Dec 20235.5%

Mar 20247.5%

Jun 202410%

Sep 20249.1%

Dec 20248.2%

Mar 20259.2%

Jun 20259.3%

Sep 202510%

Dec 202514%

Mar 202613%

Jun 202613%

Trekor Metals Limited · TGB

Sep 20216.6%

Dec 20215.5%

Mar 20223.2%

Jun 2022-3.6%

Sep 2022-1.4%

Dec 20223.5%

Mar 20232.2%

Jun 20230.3%

Sep 20234.1%

Dec 20234.1%

Mar 20241.4%

Jun 20243.3%

Sep 20241.4%

Dec 20240.1%

Mar 20251.7%

Jun 20250.1%

Sep 20252.3%

Dec 20255.8%

Mar 20263.7%

Jun 2026—

ROCE change · reported quarter history

Ero Copper Corp. · ERO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−12.7 pp

Dec 2022−10.4 pp

Mar 2023−4.3 pp

Jun 2023−3.3 pp

Sep 2023+1.2 pp

Dec 2023−1.8 pp

Mar 2024−1.0 pp

Jun 2024−0.7 pp

Sep 2024+0.8 pp

Dec 2024+1.1 pp

Mar 2025+2.0 pp

Jun 2025+2.2 pp

Sep 2025−0.3 pp

Dec 2025+6.2 pp

Mar 2026+2.5 pp

Jun 2026—

Freeport-McMoRan Inc. · FCX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−3.9 pp

Dec 2022−2.2 pp

Mar 2023−3.3 pp

Jun 2023−1.0 pp

Sep 2023+1.0 pp

Dec 2023+0.3 pp

Mar 2024−0.1 pp

Jun 2024+1.2 pp

Sep 2024+0.7 pp

Dec 2024−1.2 pp

Mar 2025−0.8 pp

Jun 2025+0.6 pp

Sep 2025−0.1 pp

Dec 2025−1.0 pp

Mar 2026+1.4 pp

Jun 2026−1.0 pp

Hudbay Minerals Inc. · HBM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+3.3 pp

Dec 2022−0.3 pp

Mar 2023−1.8 pp

Jun 2023−1.1 pp

Sep 2023+2.2 pp

Dec 2023+2.4 pp

Mar 2024+1.3 pp

Jun 2024+0.9 pp

Sep 2024−0.5 pp

Dec 2024−0.2 pp

Mar 2025+1.2 pp

Jun 2025+2.3 pp

Sep 2025+4.6 pp

Dec 2025+2.1 pp

Mar 2026+1.8 pp

Jun 2026+0.4 pp

Ivanhoe Electric Inc. · IE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−0.6 pp

Mar 2023−4.1 pp

Jun 2023−41.7 pp

Sep 2023+2.9 pp

Dec 2023+14.1 pp

Mar 2024+26.0 pp

Jun 2024+16.2 pp

Sep 2024−20.9 pp

Dec 2024−11.5 pp

Mar 2025+8.1 pp

Jun 2025+20.5 pp

Sep 2025+26.5 pp

Dec 2025+25.4 pp

Mar 2026+18.0 pp

Jun 2026—

Southern Copper Corporation · SCCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−4.7 pp

Dec 2022−1.2 pp

Mar 2023−0.8 pp

Jun 2023+0.6 pp

Sep 2023+1.9 pp

Dec 2023−3.0 pp

Mar 2024−0.9 pp

Jun 2024+4.4 pp

Sep 2024+2.3 pp

Dec 2024+2.7 pp

Mar 2025+1.7 pp

Jun 2025−0.8 pp

Sep 2025+1.0 pp

Dec 2025+5.4 pp

Mar 2026+3.9 pp

Jun 2026+3.7 pp

Trekor Metals Limited · TGB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−8.0 pp

Dec 2022−2.0 pp

Mar 2023−1.0 pp

Jun 2023+3.9 pp

Sep 2023+5.5 pp

Dec 2023+0.6 pp

Mar 2024−0.8 pp

Jun 2024+3.0 pp

Sep 2024−2.7 pp

Dec 2024−4.0 pp

Mar 2025+0.3 pp

Jun 2025−3.2 pp

Sep 2025+0.9 pp

Dec 2025+5.7 pp

Mar 2026+2.0 pp

Jun 2026—

09 · compare level, then change

Valuation Against Growth & Quality

Ero Copper Corp. has the lowest PEG among the 6 Copper companies compared here, at 0.18×. Ivanhoe Electric Inc. has the lowest P/E at -55.3×, so level and change sit with different companies. 1 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Ero Copper Corp. has the lowest comparable PEG at 0.18×. Only 1 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderEro Copper Corp. · 0.18×

GapNot enough peers

Persistence0/8 recent comparable periods

Coverage1/6 companies · 12 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Ero Copper Corp. ERO0.2

P/Elowest P/E

1Ivanhoe Electric Inc. IE-55.3

2Ero Copper Corp. ERO9.5

3Hudbay Minerals Inc. HBM13.9

4Southern Copper Corporation SCCO25.8

5Freeport-McMoRan Inc. FCX31.0

Valuation · company comparison

1/6 level · 6/6 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Southern Copper Corporation SCCO	0.8	25.8	Jun 2026
Freeport-McMoRan Inc. FCX	0.6	31.0	Jun 2026
Hudbay Minerals Inc. HBM	—	13.9	Jun 2026
Ero Copper Corp. ERO	—	9.5	Mar 2026
Trekor Metals Limited TGB	—	179.4	Mar 2026
Ivanhoe Electric Inc. IE	—	-55.3	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Freeport-McMoRan Inc. · FCX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20254.4

Jun 2025—

Sep 2025—

Dec 20252.0

Mar 20260.6

Jun 2026—

Southern Copper Corporation · SCCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20232.1

Dec 2023—

Mar 2024—

Jun 20244.1

Sep 20242.2

Dec 20240.5

Mar 20250.4

Jun 20250.7

Sep 20251.1

Dec 20251.1

Mar 20260.8

Jun 2026—

P/E · reported quarter history

Ero Copper Corp. · ERO

Sep 20218.0

Dec 20216.9

Mar 20226.1

Jun 20224.8

Sep 20227.2

Dec 202212.5

Mar 202322.1

Jun 202323.5

Sep 202320.3

Dec 202316.1

Mar 202429.7

Jun 2024—

Sep 2024131.0

Dec 2024—

Mar 202571.3

Jun 202512.3

Sep 202515.2

Dec 202511.2

Mar 20269.5

Jun 2026—

Freeport-McMoRan Inc. · FCX

Sep 202112.4

Dec 202114.4

Mar 202214.4

Jun 20228.9

Sep 202210.4

Dec 202215.9

Mar 202322.9

Jun 202327.6

Sep 202325.2

Dec 202333.3

Mar 202441.6

Jun 202436.8

Sep 202436.4

Dec 202429.3

Mar 202531.3

Jun 202532.8

Sep 202527.6

Dec 202533.4

Mar 202631.3

Jun 202631.0

Hudbay Minerals Inc. · HBM

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202213.4

Dec 202218.7

Mar 202387.4

Jun 2023—

Sep 202397.3

Dec 202325.0

Mar 202429.2

Jun 202436.2

Sep 202436.8

Dec 202440.6

Mar 202519.4

Jun 202514.6

Sep 202513.1

Dec 202513.8

Mar 202612.6

Jun 202613.9

Ivanhoe Electric Inc. · IE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024-7.1

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026-55.3

Jun 2026—

Southern Copper Corporation · SCCO

Sep 202114.3

Dec 202114.1

Mar 202217.1

Jun 202213.2

Sep 202213.5

Dec 202217.2

Mar 202323.1

Jun 202320.8

Sep 202320.9

Dec 202326.4

Mar 202434.3

Jun 202429.9

Sep 202429.3

Dec 202420.7

Mar 202520.5

Jun 202522.4

Sep 202525.8

Dec 202527.2

Mar 202628.8

Jun 202625.8

Trekor Metals Limited · TGB

Sep 202121.8

Dec 202119.9

Mar 202215.1

Jun 202211.6

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202347.4

Sep 202312.3

Dec 20236.6

Mar 202412.6

Jun 202420.9

Sep 202421.3

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026179.4

Jun 2026—

10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Copper comparison names 5 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Thin comparisons: Valuation have fewer than three usable current readings.

11 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 6 Copper companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-08-04 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

12 · questions investors ask, short speakable answers

Copper company comparison FAQs

These 22 answers restate the Copper comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Copper sector outperforming S&P 500?

Copper has outperformed S&P 500 by 63.2% over 52 weeks and 4.8% over 13 weeks. 5 of 6 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 6 beat the sector itself.

Which Copper company is largest by revenue?

Ero Copper Corp. leads with revenue of $924 million, based on 3 of 6 comparable companies through Mar 2026.

Which Copper company is growing fastest?

Ero Copper Corp. has the fastest current revenue growth at 88.6%, across 3 of 6 comparable companies.

Which Copper company has the strongest 4-Factor Sector Score?

Southern Copper Corporation ranks first at 67.6/100 with 57.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Copper company has the lowest comparable PEG?

Ero Copper Corp. has the lowest comparable PEG at 0.18, among 1 of 6 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Copper comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Which Copper company is the biggest?

Ero Copper Corp. is the largest, with trailing-twelve-month revenue of $924 million, ahead of Trekor Metals Limited at $771 million. That covers 3 of 6 companies with comparable reporting through Mar 2026.

Which Copper company has the best profit margins?

Southern Copper Corporation has the highest operating margin at 58.3%, from 5 of 6 comparable companies. Ivanhoe Electric Inc. shows the biggest recent improvement, at +414.4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Copper company makes the most profit?

Ero Copper Corp. earns the most, at $296 million of trailing-twelve-month net profit, from 3 of 6 comparable companies. Ero Copper Corp. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Copper company earns the highest return on capital?

Southern Copper Corporation leads on return on capital employed at 13%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Copper stock is the cheapest?

On PEG — where a LOWER number is cheaper — Ero Copper Corp. screens cheapest at 0.18×. Only 1 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Copper sector beating the market?

Copper has outperformed S&P 500 by 63.2% over the last 52 weeks and 4.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Copper stock has the strongest price momentum?

Trekor Metals Limited has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Copper company scores highest for research priority?

Southern Copper Corporation scores 67.6 out of 100 with 57.8% evidence confidence, from 21.5 points on growth and earnings, 19.2 on capital efficiency, 9.7 on valuation and 17.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Copper companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Copper sector?

The 6 Copper companies on this page carry $278,115 million of combined market value. Southern Copper Corporation is the largest at $162,828 million, about 59% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

What is the Copper sector's P/E ratio?

The median price-to-earnings ratio across the 6 Copper companies on this page is 25.8×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

How is the Copper sector performing?

5 of the 6 covered Copper companies are beating S&P 500 on Mansfield relative strength. The sector itself is 63.2% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

How many Copper stocks are listed in the US?

This comparison covers 6 listed Copper companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.