Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Metals and Mining Industry Analysis

UpdatedMay 29, 2025
DataAggregated Company Financials
Companies674
  • 7D0.3%
  • 3M0.4%
  • 1Y-12.2%
  • YTD2.2%

Last week, the Metals and Mining industry hasn't moved much but Northern Star Resources is up 6.6% in that time. As for the longer term, the industry has declined 12% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 May 2025AU$445.8bAU$206.0bAU$21.8b12.5x20.4x2.2x
Sat, 26 Apr 2025AU$427.0bAU$207.2bAU$22.1b12.1x19.4x2.1x
Mon, 24 Mar 2025AU$433.9bAU$210.0bAU$22.2b11.4x19.6x2.1x
Wed, 19 Feb 2025AU$460.2bAU$210.0bAU$27.8b13.6x16.6x2.2x
Fri, 17 Jan 2025AU$447.5bAU$214.5bAU$21.7b12.3x20.6x2.1x
Sun, 15 Dec 2024AU$455.3bAU$210.8bAU$21.2b12.5x21.5x2.2x
Tue, 12 Nov 2024AU$458.8bAU$205.9bAU$20.6b11.7x22.3x2.2x
Thu, 10 Oct 2024AU$466.4bAU$202.9bAU$20.2b11.9x23.1x2.3x
Sat, 07 Sep 2024AU$410.3bAU$203.6bAU$19.9b13.2x20.7x2x
Mon, 05 Aug 2024AU$445.9bAU$211.5bAU$21.5b13.3x20.8x2.1x
Wed, 03 Jul 2024AU$465.4bAU$208.5bAU$20.7b13.2x22.4x2.2x
Fri, 31 May 2024AU$496.2bAU$209.9bAU$21.0b14.4x23.6x2.4x
Sun, 28 Apr 2024AU$492.3bAU$212.4bAU$21.5b13.6x22.9x2.3x
Tue, 26 Mar 2024AU$481.7bAU$214.1bAU$21.7b12.7x22.2x2.3x
Thu, 22 Feb 2024AU$486.9bAU$210.6bAU$22.2b11.1x21.9x2.3x
Sat, 20 Jan 2024AU$536.1bAU$222.8bAU$32.7b11.7x16.4x2.4x
Mon, 18 Dec 2023AU$567.9bAU$220.7bAU$32.3b11.1x17.6x2.6x
Wed, 15 Nov 2023AU$529.4bAU$227.9bAU$33.8b10.3x15.7x2.3x
Fri, 13 Oct 2023AU$525.0bAU$227.3bAU$33.9b10.4x15.5x2.3x
Sun, 10 Sep 2023AU$516.7bAU$228.2bAU$34.3b11.2x15x2.3x
Tue, 08 Aug 2023AU$544.0bAU$236.2bAU$49.4b9.5x11x2.3x
Thu, 06 Jul 2023AU$552.2bAU$233.7bAU$48.8b10.1x11.3x2.4x
Sat, 03 Jun 2023AU$530.0bAU$234.6bAU$49.0b9.9x10.8x2.3x
Mon, 01 May 2023AU$544.0bAU$234.9bAU$49.3b9.6x11x2.3x
Wed, 29 Mar 2023AU$528.5bAU$229.1bAU$47.9b9.1x11x2.3x
Fri, 24 Feb 2023AU$553.5bAU$220.1bAU$46.2b10.5x12x2.5x
Sun, 22 Jan 2023AU$584.5bAU$223.7bAU$51.3b11.4x11.4x2.6x
Tue, 20 Dec 2022AU$535.0bAU$229.9bAU$53.1b10.3x10.1x2.3x
Thu, 17 Nov 2022AU$532.0bAU$227.7bAU$52.5b11.1x10.1x2.3x
Sat, 15 Oct 2022AU$478.5bAU$240.7bAU$56.5b9.4x8.5x2x
Mon, 12 Sep 2022AU$483.0bAU$225.7bAU$53.0b9x9.1x2.1x
Wed, 10 Aug 2022AU$483.1bAU$216.9bAU$46.5b10.4x10.4x2.2x
Fri, 08 Jul 2022AU$442.7bAU$221.5bAU$47.5b8.8x9.3x2x
Sun, 05 Jun 2022AU$550.7bAU$211.7bAU$45.1b10.6x12.2x2.6x
Price to Earnings Ratio

12.2x


Total Market Cap: AU$550.7bTotal Earnings: AU$45.1bTotal Revenue: AU$211.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 16.1x202320242025
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 20.4x which is higher than its 3-year average PE of 16.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 21% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market0.23%
Materials0.15%
Metals and Mining0.27%
Aluminum10.20%
Copper6.29%
Precious Metals and Minerals5.74%
Gold3.57%
Silver2.15%
Diversified Metals and Mining-0.32%
Steel-2.97%
Industry PE
  • Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 30.0% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 78% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Steel industry is expected to see its earnings decline by 7.7% 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
SFR Sandfire ResourcesAU$11.565.0%
+AU$252.5m		25.7%PE39.1x
GMD Genesis MineralsAU$4.523.0%
+AU$146.9m		151.1%PE42.6x
NIC Nickel IndustriesAU$0.694.5%
+AU$130.2m		-26.2%PS1.1x
WGX Westgold ResourcesAU$2.984.6%
+AU$122.6m		32.4%PE27.2x
NST Northern Star ResourcesAU$20.330.4%
+AU$114.2m		45.6%PE30.7x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

NST

AU$20.33

Northern Star Resources

7D

0.4%

1Y

45.6%

GMD

AU$4.52

Genesis Minerals

7D

3.0%

1Y

151.1%

Are Investors Undervaluing Genesis Minerals Limited (ASX:GMD) By 34%?

May 26
Are Investors Undervaluing Genesis Minerals Limited (ASX:GMD) By 34%?

LYC

AU$7.78

Lynas Rare Earths

7D

-4.3%

1Y

17.5%

PRU

AU$3.82

Perseus Mining

7D

1.9%

1Y

66.8%

WAF

AU$2.68

West African Resources

7D

2.3%

1Y

87.4%

WGX

AU$2.98

Westgold Resources

7D

4.6%

1Y

32.4%

Westgold Resources (ASX:WGX) Strong Profits May Be Masking Some Underlying Issues

May 20
Westgold Resources (ASX:WGX) Strong Profits May Be Masking Some Underlying Issues

SFR

AU$11.56

Sandfire Resources

7D

5.0%

1Y

25.7%

Is Sandfire Resources (ASX:SFR) Using Too Much Debt?

May 18
Is Sandfire Resources (ASX:SFR) Using Too Much Debt?

MIN

AU$22.72

Mineral Resources

7D

-4.1%

1Y

-68.2%

S32

AU$3.04

South32

7D

-1.6%

1Y

-22.8%

FMG

AU$15.68

Fortescue

7D

-1.3%

1Y

-36.7%

The Returns On Capital At Fortescue (ASX:FMG) Don't Inspire Confidence

May 10
The Returns On Capital At Fortescue (ASX:FMG) Don't Inspire Confidence

BSL

AU$22.98

BlueScope Steel

7D

-2.8%

1Y

9.8%

Potential Upside For BlueScope Steel Limited (ASX:BSL) Not Without Risk

May 05
Potential Upside For BlueScope Steel Limited (ASX:BSL) Not Without Risk

BHP

AU$38.15

BHP Group

7D

-1.2%

1Y

-13.9%

The Market Doesn't Like What It Sees From BHP Group Limited's (ASX:BHP) Earnings Yet

Apr 27
The Market Doesn't Like What It Sees From BHP Group Limited's (ASX:BHP) Earnings Yet

PLS

AU$1.32

Pilbara Minerals

7D

-3.0%

1Y

-65.4%

NIC

AU$0.69

Nickel Industries

7D

4.5%

1Y

-26.2%

DTR

AU$0.092

Dateline Resources

7D

84.0%

1Y

700.0%

PRN

AU$1.57

Perenti

7D

4.7%

1Y

56.5%

author-image

Drilling Services Division Will Benefit From Increased Exploration Activity In FY '25

Successful acquisition and integration in Drilling Services are set to enhance revenue, margins, and earnings growth amid increasing exploration activity.