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Australian (ASX) Metals and Mining Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies690
  • 7D4.4%
  • 3M8.9%
  • 1Y57.3%
  • YTD12.7%

Over the last 7 days, the Metals and Mining industry has risen 4.4%, driven by gains from BHP Group of 5.5%. In the same time, Liontown was down 7.2%. In the last 12 months, the industry was up 57%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026AU$711.6bAU$201.6bAU$25.3b13.3x28.1x3.5x
Tue, 07 Apr 2026AU$648.0bAU$207.2bAU$26.2b12.8x24.7x3.1x
Thu, 05 Mar 2026AU$712.7bAU$202.8bAU$24.7b19.4x28.8x3.5x
Sat, 31 Jan 2026AU$685.7bAU$191.5bAU$18.3b26.2x37.5x3.6x
Mon, 29 Dec 2025AU$629.1bAU$196.8bAU$19.1b23x33x3.2x
Wed, 26 Nov 2025AU$563.2bAU$201.6bAU$19.2b20.9x29.3x2.8x
Fri, 24 Oct 2025AU$572.5bAU$201.8bAU$19.3b23x29.6x2.8x
Sun, 21 Sep 2025AU$509.7bAU$200.5bAU$19.1b17.9x26.6x2.5x
Tue, 19 Aug 2025AU$500.5bAU$204.7bAU$21.3b15.2x23.5x2.4x
Thu, 17 Jul 2025AU$457.9bAU$204.3bAU$21.6b13.8x21.2x2.2x
Sat, 14 Jun 2025AU$449.7bAU$205.6bAU$21.8b12.9x20.6x2.2x
Mon, 12 May 2025AU$437.4bAU$206.5bAU$21.9b12.4x20x2.1x
Wed, 09 Apr 2025AU$395.1bAU$215.4bAU$23.5b11.2x16.8x1.8x
Fri, 07 Mar 2025AU$428.6bAU$207.9bAU$22.2b12.4x19.3x2.1x
Sun, 02 Feb 2025AU$451.8bAU$214.0bAU$21.6b13.4x21x2.1x
Tue, 31 Dec 2024AU$438.1bAU$213.5bAU$21.6b12.9x20.3x2.1x
Thu, 28 Nov 2024AU$447.6bAU$208.1bAU$20.8b11.7x21.5x2.2x
Sat, 26 Oct 2024AU$473.1bAU$205.0bAU$20.5b13.5x23.1x2.3x
Mon, 23 Sep 2024AU$437.3bAU$201.8bAU$20.1b12.5x21.8x2.2x
Wed, 21 Aug 2024AU$431.0bAU$206.6bAU$20.8b12.3x20.7x2.1x
Fri, 19 Jul 2024AU$471.1bAU$206.6bAU$20.5b14.3x23x2.3x
Sun, 16 Jun 2024AU$472.4bAU$210.1bAU$21.0b13.9x22.5x2.2x
Tue, 14 May 2024AU$497.0bAU$210.6bAU$21.1b14.9x23.5x2.4x
Thu, 11 Apr 2024AU$506.6bAU$212.0bAU$21.3b13.2x23.8x2.4x
Sat, 09 Mar 2024AU$492.3bAU$211.0bAU$21.9b12.8x22.5x2.3x
Mon, 05 Feb 2024AU$556.5bAU$224.8bAU$33.2b11.8x16.8x2.5x
Wed, 03 Jan 2024AU$590.1bAU$218.7bAU$31.9b12.7x18.5x2.7x
Fri, 01 Dec 2023AU$538.0bAU$222.9bAU$32.7b10.8x16.4x2.4x
Sun, 29 Oct 2023AU$554.4bAU$246.5bAU$32.9b10.2x16.8x2.2x
Tue, 26 Sep 2023AU$519.9bAU$226.4bAU$33.9b11.1x15.4x2.3x
Thu, 24 Aug 2023AU$527.5bAU$228.6bAU$40.4b10.2x13.1x2.3x
Sat, 22 Jul 2023AU$548.6bAU$231.6bAU$48.2b9.9x11.4x2.4x
Mon, 19 Jun 2023AU$558.7bAU$228.8bAU$47.4b10x11.8x2.4x
Wed, 17 May 2023AU$542.4bAU$233.0bAU$48.6b9.6x11.2x2.3x
Price to Earnings Ratio

11.2x


Total Market Cap: AU$542.4bTotal Earnings: AU$48.6bTotal Revenue: AU$233.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 21.6x202420252026
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 28.1x which is higher than its 3-year average PE of 21.6x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 20% per year over the last three years,
  • Revenues have also declined 4.7% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

AU Market0.20%
Materials4.15%
Metals and Mining4.41%
Silver13.00%
Copper7.35%
Steel4.66%
Gold4.53%
Diversified Metals and Mining4.26%
Precious Metals and Minerals2.33%
Aluminum-2.30%
Industry PE
  • Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio of 0.84x.
    • Analysts are expecting annual earnings growth of 26.5%, which is lower than the prior year's growth of 111.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 27% over the next 5 years.
  • However this is lower than its past earnings growth rate of 111% per year.
  • In contrast, the Silver industry is expected to see its earnings decline by 5.9% 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
BHP BHP GroupAU$57.955.5%
+AU$15.3b		54.4%PE20.8x
FMG FortescueAU$21.276.3%
+AU$3.9b		33.3%PE12.7x
EVN Evolution MiningAU$13.057.4%
+AU$1.8b		51.2%PE20x
GGP Greatland ResourcesAU$14.9010.4%
+AU$942.1m		n/aPE15.5x
CMM Capricorn MetalsAU$13.6315.8%
+AU$849.6m		40.2%PE26.9x

Latest News

FMG
AU$21.27
Fortescue
7D
6.3%
1Y
33.3%
BHP
AU$57.95
BHP Group
7D
5.5%
1Y
54.4%
RRL
AU$6.85
Regis Resources
7D
-3.0%
1Y
41.2%
GGP
AU$14.90
Greatland Resources
7D
10.4%
1Y
n/a
CMM
AU$13.63
Capricorn Metals
7D
15.8%
1Y
40.2%
GMD
AU$6.22
Genesis Minerals
7D
8.4%
1Y
42.7%
MIN
AU$69.55
Mineral Resources
7D
4.3%
1Y
230.2%
LTR
AU$2.45
Liontown
7D
-7.2%
1Y
285.8%
Narrative Update • May 04

LTR: Lower Future P/E Will Expose Execution Risks At Premium Pricing

Analysts have lifted their fair value estimate for Liontown from A$1.83 to A$2.05, citing updated assumptions for revenue growth, profit margins and a lower future P/E in recent research. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher fair value estimate of A$2.05 as reflecting updated expectations for Liontown's revenue generation and profitability, which they see as better aligning the stock with underlying project assumptions.
LIN
AU$0.79
Lindian Resources
7D
-3.7%
1Y
587.0%
CRN
AU$0.26
Coronado Global Resources
7D
-8.9%
1Y
54.5%
Narrative Update • May 02

CRN: Refreshed Commodity Deck And CEO Transition Will Support Future Earnings

Analysts trimmed their price target on Coronado Global Resources to A$0.37 from A$0.40, citing updated commodity price assumptions that result in slightly higher modeled revenue and P/E, along with modestly lower profit margins and a small adjustment in the discount rate. Analyst Commentary Recent research points to a more refined view of Coronado Global Resources, with the latest price target set at A$0.37 after a mid quarter refresh of longer term commodity forecasts.
SFR
AU$18.01
Sandfire Resources
7D
7.3%
1Y
75.7%
Narrative Update • Apr 24

SFR: Free Cash Flow And Commodity Assumptions Will Guide Fair Outcome

Analysts have trimmed their fair value estimate for Sandfire Resources by A$0.17 to A$18.81, reflecting updated assumptions on discount rates, revenue growth, margins and future P/E, following recent research that includes higher Street price targets in the A$18 to A$21 range and continued focus on free cash flow and revised commodity price decks. Analyst Commentary Bullish Takeaways Bullish analysts point to strong free cash flow as a key support for the current valuation, arguing that consistent cash generation offers flexibility for funding projects or strengthening the balance sheet.
EVN
AU$13.05
Evolution Mining
7D
7.4%
1Y
51.2%
Narrative Update • Apr 22

EVN: Higher Metal Price Assumptions Will Support Dividend Strength Under Rising Geopolitical Risk

Analysts have lifted their fair value estimate for Evolution Mining from A$18.25 to A$18.70, reflecting updated commodity price decks and price target increases across recent research that reassess the stock under tighter commodity balances and higher geopolitical risk. Analyst Commentary Recent research on Evolution Mining has become more constructive, with several bullish analysts revisiting their assumptions on commodity prices and risk.
SLS
AU$1.34
Solstice Minerals
7D
-19.6%
1Y
584.6%
ARU
AU$0.34
Arafura Rare Earths
7D
-5.6%
1Y
83.8%
STK
AU$0.14
Strickland Metals
7D
-17.6%
1Y
33.3%
VUL
AU$3.73
Vulcan Energy Resources
7D
-3.9%
1Y
-19.6%