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Australian (ASX) Metals and Mining Industry Analysis

UpdatedSep 12, 2024
DataAggregated Company Financials
Companies704
  • 7D1.0%
  • 3M-12.3%
  • 1Y-12.9%
  • YTD-23.4%

The Metals and Mining industry is up 1.0% in the last week, with Fortescue up 3.3%. In the past year, the industry is down 13%. Earnings are forecast to grow by 9.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Sep 2024AU$417.4bAU$204.8bAU$20.0b13.3x20.9x2x
Sat, 10 Aug 2024AU$434.5bAU$210.2bAU$21.3b12.6x20.4x2.1x
Mon, 08 Jul 2024AU$480.2bAU$206.3bAU$20.5b13.7x23.5x2.3x
Wed, 05 Jun 2024AU$497.2bAU$209.9bAU$21.0b14.7x23.7x2.4x
Fri, 03 May 2024AU$489.6bAU$211.7bAU$21.4b13.9x22.8x2.3x
Sun, 31 Mar 2024AU$492.4bAU$214.4bAU$21.6b13.2x22.8x2.3x
Tue, 27 Feb 2024AU$488.1bAU$211.7bAU$22.0b12.1x22.2x2.3x
Thu, 25 Jan 2024AU$544.0bAU$222.9bAU$32.7b11.5x16.6x2.4x
Sat, 23 Dec 2023AU$573.6bAU$218.5bAU$31.9b11.7x18x2.6x
Mon, 20 Nov 2023AU$538.2bAU$224.7bAU$33.1b10.3x16.2x2.4x
Wed, 18 Oct 2023AU$524.7bAU$229.9bAU$34.4b10.5x15.3x2.3x
Fri, 15 Sep 2023AU$522.2bAU$226.4bAU$34.0b11.7x15.3x2.3x
Sun, 13 Aug 2023AU$542.1bAU$237.2bAU$49.4b9.6x11x2.3x
Tue, 11 Jul 2023AU$529.2bAU$234.2bAU$48.9b10.3x10.8x2.3x
Thu, 08 Jun 2023AU$532.8bAU$232.7bAU$48.5b10.1x11x2.3x
Sat, 06 May 2023AU$541.7bAU$231.8bAU$48.4b9.8x11.2x2.3x
Mon, 03 Apr 2023AU$555.6bAU$229.1bAU$47.8b9.4x11.6x2.4x
Wed, 01 Mar 2023AU$536.1bAU$226.9bAU$48.3b9.7x11.1x2.4x
Fri, 27 Jan 2023AU$587.4bAU$221.0bAU$50.5b11.9x11.6x2.7x
Sun, 25 Dec 2022AU$534.0bAU$229.5bAU$53.0b10.7x10.1x2.3x
Tue, 22 Nov 2022AU$517.4bAU$230.3bAU$53.3b10.4x9.7x2.2x
Thu, 20 Oct 2022AU$479.1bAU$240.4bAU$56.4b9.5x8.5x2x
Sat, 17 Sep 2022AU$472.4bAU$228.6bAU$53.8b8.7x8.8x2.1x
Mon, 15 Aug 2022AU$484.9bAU$214.6bAU$45.9b10.7x10.6x2.3x
Wed, 13 Jul 2022AU$434.6bAU$222.1bAU$47.7b8.2x9.1x2x
Fri, 10 Jun 2022AU$537.9bAU$211.7bAU$45.0b10.1x11.9x2.5x
Sun, 08 May 2022AU$553.8bAU$213.0bAU$45.3b11.3x12.2x2.6x
Tue, 05 Apr 2022AU$617.7bAU$205.1bAU$43.3b12.5x14.3x3x
Thu, 03 Mar 2022AU$551.1bAU$208.4bAU$44.6b14.4x12.4x2.6x
Sat, 29 Jan 2022AU$523.1bAU$192.8bAU$38.7b15.8x13.5x2.7x
Mon, 27 Dec 2021AU$501.9bAU$189.5bAU$38.0b15.9x13.2x2.6x
Wed, 24 Nov 2021AU$469.5bAU$189.0bAU$37.9b15.2x12.4x2.5x
Fri, 22 Oct 2021AU$458.8bAU$184.2bAU$36.8b14.3x12.5x2.5x
Sun, 19 Sep 2021AU$450.6bAU$188.0bAU$38.2b12.1x11.8x2.4x
Price to Earnings Ratio

11.8x


Total Market Cap: AU$450.6bTotal Earnings: AU$38.2bTotal Revenue: AU$188.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 14.2x202220232024
Current Industry PE
  • Investors are optimistic on the Australian Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 20.9x which is higher than its 3-year average PE of 14.2x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 19% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% 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 Australian Materials industry?

AU Market0.36%
Materials0.74%
Metals and Mining1.04%
Copper4.85%
Gold1.54%
Diversified Metals and Mining1.32%
Aluminum0.62%
Silver0.05%
Steel-0.42%
Precious Metals and Minerals-4.71%
Industry PE
  • Investors are most optimistic about the Gold industry even though it's trading below its 3-year average PE ratio of 60.9x.
    • Analysts are expecting annual earnings growth of 19.9%, which is lower than the prior year's growth of 28.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings decline of 96% per year.
  • In contrast, the Steel industry is expected to see its earnings decline by 14% 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
FMG FortescueAU$16.663.3%
+AU$1.6b
-18.4%PE6x
MIN Mineral ResourcesAU$38.0218.1%
+AU$1.1b
-44.7%PE59.3x
PLS Pilbara MineralsAU$2.8811.6%
+AU$903.4m
-34.4%PE33.8x
NST Northern Star ResourcesAU$15.043.6%
+AU$597.1m
33.0%PE27x
SFR Sandfire ResourcesAU$8.899.1%
+AU$339.2m
40.0%PS2.9x
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Latest News

MIN

AU$38.02

Mineral Resources

7D

18.1%

1Y

-44.7%

WGX

AU$2.80

Westgold Resources

7D

-3.4%

1Y

53.8%

PLS

AU$2.88

Pilbara Minerals

7D

11.6%

1Y

-34.4%

BSL

AU$19.57

BlueScope Steel

7D

-2.0%

1Y

-1.2%

SVM

AU$0.58

Sovereign Metals

7D

-13.3%

1Y

36.0%

LYC

AU$6.94

Lynas Rare Earths

7D

3.0%

1Y

-5.4%

FMG

AU$16.66

Fortescue

7D

3.3%

1Y

-18.4%

NIC

AU$0.84

Nickel Industries

7D

9.1%

1Y

6.3%

RMS

AU$2.14

Ramelius Resources

7D

-1.4%

1Y

64.6%

BHP

AU$38.81

BHP Group

7D

-0.3%

1Y

-12.1%

NST

AU$15.04

Northern Star Resources

7D

3.6%

1Y

33.0%

WA1

AU$15.40

WA1 Resources

7D

-5.3%

1Y

189.5%

LTR

AU$0.71

Liontown Resources

7D

14.4%

1Y

-76.4%