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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedMay 02, 2024
DataAggregated Company Financials
Companies1235
  • 7D1.9%
  • 3M17.6%
  • 1Y-6.5%
  • YTD14.1%

Equinox Gold is up 4.2%, leading the way for the Metals and Mining industry, which has gained 1.9%. However, the industry is down 6.5% over the past year. Looking forward, earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

Has the Canadian Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 May 2024CA$373.1bCA$103.4b-CA$70,872,264.3517x-5264.4x3.6x
Sun, 31 Mar 2024CA$345.9bCA$102.5bCA$1.6b14.3x221.6x3.4x
Tue, 27 Feb 2024CA$291.7bCA$102.4bCA$2.8b13.8x103.5x2.8x
Thu, 25 Jan 2024CA$331.0bCA$108.0bCA$1.8b12.7x186.8x3.1x
Sat, 23 Dec 2023CA$349.1bCA$106.4bCA$1.7b13.8x205.8x3.3x
Mon, 20 Nov 2023CA$327.1bCA$109.0bCA$1.7b12.1x193.3x3x
Wed, 18 Oct 2023CA$352.1bCA$105.8bCA$1.5b11.6x227.7x3.3x
Fri, 15 Sep 2023CA$355.2bCA$104.1bCA$1.7b11.3x206.6x3.4x
Sun, 13 Aug 2023CA$366.8bCA$104.0bCA$1.4b11x257.7x3.5x
Tue, 11 Jul 2023CA$361.8bCA$104.1bCA$2.5b12.2x146.5x3.5x
Thu, 08 Jun 2023CA$371.3bCA$104.5bCA$2.6b13.2x144.7x3.6x
Sat, 06 May 2023CA$407.4bCA$104.6bCA$3.4b18.6x119.6x3.9x
Mon, 03 Apr 2023CA$376.0bCA$107.6bCA$5.1b13.9x73.1x3.5x
Wed, 01 Mar 2023CA$346.8bCA$108.6bCA$8.1b14.2x42.7x3.2x
Fri, 27 Jan 2023CA$376.8bCA$112.9bCA$12.0b12.9x31.5x3.3x
Sun, 25 Dec 2022CA$340.9bCA$114.5bCA$12.1b11.4x28.2x3x
Tue, 22 Nov 2022CA$318.9bCA$113.5bCA$12.1b10.3x26.3x2.8x
Thu, 20 Oct 2022CA$288.0bCA$116.5bCA$16.4b8.4x17.6x2.5x
Sat, 17 Sep 2022CA$293.4bCA$113.3bCA$15.8b9.3x18.5x2.6x
Mon, 15 Aug 2022CA$310.8bCA$109.9bCA$15.2b10.1x20.4x2.8x
Wed, 13 Jul 2022CA$283.9bCA$107.7bCA$14.7b9.3x19.3x2.6x
Fri, 10 Jun 2022CA$358.2bCA$105.5bCA$14.4b12.3x24.9x3.4x
Sun, 08 May 2022CA$379.6bCA$105.9bCA$14.2b11.5x26.8x3.6x
Tue, 05 Apr 2022CA$429.7bCA$100.1bCA$13.2b12.5x32.5x4.3x
Thu, 03 Mar 2022CA$413.4bCA$104.1bCA$14.1b11.6x29.3x4x
Sat, 29 Jan 2022CA$354.3bCA$102.1bCA$12.9b9.6x27.5x3.5x
Mon, 27 Dec 2021CA$370.9bCA$102.4bCA$12.9b10x28.7x3.6x
Wed, 24 Nov 2021CA$382.8bCA$101.6bCA$13.1b10.3x29.3x3.8x
Fri, 22 Oct 2021CA$368.6bCA$95.0bCA$12.1b10.7x30.6x3.9x
Sun, 19 Sep 2021CA$347.3bCA$97.5bCA$12.7b10.4x27.3x3.6x
Tue, 17 Aug 2021CA$352.1bCA$95.4bCA$12.5b11.1x28.1x3.7x
Tue, 01 Jun 2021CA$389.9bCA$89.2bCA$10.0b14.8x39.1x4.4x
Price to Earnings Ratio

36.4x


Total Market Cap: CA$355.9bTotal Earnings: CA$9.8bTotal Revenue: CA$89.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 372x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • Total earnings for the Metals and Mining industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 5.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Canadian Materials industry?

CA Market-0.54%
Materials1.60%
Metals and Mining1.89%
Copper4.84%
Diversified Metals and Mining3.66%
Gold0.85%
Precious Metals and Minerals0.48%
Aluminum0%
Silver-0.011%
Steel-1.02%
Industry PE
  • Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 4.8x.
    • Analysts are expecting annual earnings growth of 26.6%, which is higher than its past year's earnings decline of 9.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 82% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Precious Metals and Minerals industry is expected to see its earnings decline by 40% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EQX Equinox GoldCA$7.464.2%
+CA$518.6m		-1.5%PE72.9x
FM First Quantum MineralsCA$16.783.3%
+CA$446.4m		-50.0%PS1.7x
ERO Ero CopperCA$27.977.3%
+CA$196.3m		4.4%PE22.6x
AFM Alphamin ResourcesCA$1.208.1%
+CA$114.8m		34.8%PE21.7x
IAU i-80 GoldCA$1.71-2.3%
CA$106.6m		-51.4%PS8.8x
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Latest News

LUN

CA$15.03

Lundin Mining

7D

-3.7%

1Y

44.4%

TECK.B

CA$66.28

Teck Resources

7D

-2.0%

1Y

14.7%

ABX

CA$22.66

Barrick Gold

7D

-2.9%

1Y

-18.0%

IAU

CA$1.71

i-80 Gold

7D

-2.3%

1Y

-51.4%

PAAS

CA$25.15

Pan American Silver

7D

-2.9%

1Y

1.9%

Here's Why Shareholders May Want To Be Cautious With Increasing Pan American Silver Corp.'s (TSE:PAAS) CEO Pay Packet

May 02
Here's Why Shareholders May Want To Be Cautious With Increasing Pan American Silver Corp.'s (TSE:PAAS) CEO Pay Packet

K

CA$8.96

Kinross Gold

7D

-2.6%

1Y

23.8%

It's Unlikely That Kinross Gold Corporation's (TSE:K) CEO Will See A Huge Pay Rise This Year

May 02
It's Unlikely That Kinross Gold Corporation's (TSE:K) CEO Will See A Huge Pay Rise This Year

AFM

CA$1.20

Alphamin Resources

7D

8.1%

1Y

34.8%

HBM

CA$11.38

Hudbay Minerals

7D

2.5%

1Y

72.9%

Hudbay Minerals Inc. (TSE:HBM) Stocks Shoot Up 27% But Its P/E Still Looks Reasonable

Apr 30
Hudbay Minerals Inc. (TSE:HBM) Stocks Shoot Up 27% But Its P/E Still Looks Reasonable

CAD

CA$2.63

Colonial Coal International

7D

21.2%

1Y

62.3%

Here's Why We're Not Too Worried About Colonial Coal International's (CVE:CAD) Cash Burn Situation

Apr 28
Here's Why We're Not Too Worried About Colonial Coal International's (CVE:CAD) Cash Burn Situation

EQX

CA$7.46

Equinox Gold

7D

4.2%

1Y

-1.5%

FM

CA$16.78

First Quantum Minerals

7D

3.3%

1Y

-50.0%

LUG

CA$18.56

Lundin Gold

7D

-4.1%

1Y

1.4%

CXB

CA$2.00

Calibre Mining

7D

7.0%

1Y

17.6%

ERO

CA$27.97

Ero Copper

7D

7.3%

1Y

4.4%

WPM

CA$72.52

Wheaton Precious Metals

7D

-1.2%

1Y

4.2%

Wheaton Precious Metals (TSE:WPM) Shareholders Will Want The ROCE Trajectory To Continue

Apr 16
Wheaton Precious Metals (TSE:WPM) Shareholders Will Want The ROCE Trajectory To Continue

IVN

CA$18.71

Ivanhoe Mines

7D

-2.7%

1Y

58.7%