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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies462
  • 7D-0.6%
  • 3M12.1%
  • 1Y19.0%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has remained flat, although notably PLS Group declined by 4.7%. The past year has been better, since the industry has gained 19% in that time. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025AU$334.7bAU$110.0bAU$9.3b18.6x36x3x
Fri, 14 Nov 2025AU$332.0bAU$111.0bAU$9.5b16x35.1x3x
Sun, 12 Oct 2025AU$326.2bAU$112.1bAU$9.6b19.7x33.9x2.9x
Tue, 09 Sep 2025AU$300.6bAU$110.8bAU$9.2b15.3x32.7x2.7x
Thu, 07 Aug 2025AU$284.6bAU$117.1bAU$11.8b13.3x24x2.4x
Sat, 05 Jul 2025AU$268.8bAU$116.4bAU$11.7b12.8x22.9x2.3x
Mon, 02 Jun 2025AU$260.3bAU$118.0bAU$12.0b12.4x21.7x2.2x
Wed, 30 Apr 2025AU$258.4bAU$118.7bAU$12.1b11.7x21.3x2.2x
Fri, 28 Mar 2025AU$269.2bAU$120.7bAU$12.1b11.9x22.3x2.2x
Sun, 23 Feb 2025AU$287.6bAU$119.3bAU$12.4b12.1x23.2x2.4x
Tue, 21 Jan 2025AU$286.0bAU$124.5bAU$9.1b13.1x31.3x2.3x
Thu, 19 Dec 2024AU$280.3bAU$122.7bAU$9.0b13.1x31.2x2.3x
Sat, 16 Nov 2024AU$286.5bAU$120.2bAU$8.7b11.5x33x2.4x
Mon, 14 Oct 2024AU$308.4bAU$116.1bAU$8.2b13.2x37.4x2.7x
Wed, 11 Sep 2024AU$268.2bAU$117.6bAU$8.4b12.9x31.9x2.3x
Fri, 09 Aug 2024AU$280.1bAU$122.4bAU$9.3b15x30.1x2.3x
Sun, 07 Jul 2024AU$313.5bAU$119.4bAU$9.0b16.2x34.7x2.6x
Tue, 04 Jun 2024AU$325.0bAU$121.0bAU$9.2b16.2x35.4x2.7x
Thu, 02 May 2024AU$313.3bAU$123.2bAU$9.4b13.2x33.5x2.5x
Sat, 30 Mar 2024AU$316.9bAU$124.7bAU$9.3b13.4x33.9x2.5x
Mon, 26 Feb 2024AU$316.0bAU$123.0bAU$9.8b12.9x32.2x2.6x
Wed, 24 Jan 2024AU$329.9bAU$128.2bAU$21.0b9.8x15.7x2.6x
Fri, 22 Dec 2023AU$360.0bAU$125.6bAU$20.5b10.1x17.5x2.9x
Sun, 19 Nov 2023AU$342.5bAU$129.3bAU$21.3b9.7x16.1x2.6x
Tue, 17 Oct 2023AU$342.5bAU$132.7bAU$21.9b10.2x15.6x2.6x
Thu, 14 Sep 2023AU$340.3bAU$130.5bAU$21.7b9.7x15.7x2.6x
Sat, 12 Aug 2023AU$361.3bAU$139.6bAU$34.9b8.5x10.4x2.6x
Mon, 10 Jul 2023AU$350.4bAU$136.9bAU$34.1b8.7x10.3x2.6x
Wed, 07 Jun 2023AU$352.4bAU$137.3bAU$34.3b8.3x10.3x2.6x
Fri, 05 May 2023AU$349.9bAU$137.0bAU$34.1b8.3x10.3x2.6x
Sun, 02 Apr 2023AU$368.8bAU$136.7bAU$34.0b8.8x10.8x2.7x
Tue, 28 Feb 2023AU$356.8bAU$134.4bAU$34.4b9.7x10.4x2.7x
Thu, 26 Jan 2023AU$402.3bAU$132.7bAU$34.3b11.9x11.7x3x
Sat, 24 Dec 2022AU$362.4bAU$138.6bAU$36.0b9.7x10.1x2.6x
Price to Earnings Ratio

10.1x


Total Market Cap: AU$362.4bTotal Earnings: AU$36.0bTotal Revenue: AU$138.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 23.5x202320242025
Current Industry PE
  • Investors are optimistic on the Australian Diversified Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 36.0x which is higher than its 3-year average PE of 23.5x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 36% per year over the last three years,
  • Revenues have also declined 7.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Australian Diversified Metals and Mining compare with similar industries?

AU Market-0.056%
Materials0.78%
Metals and Mining0.65%
Diversified Metals and Mining-0.65%
Precious Metals and Minerals9.08%
Silver6.15%
Gold4.73%
Copper0.63%
Steel-1.21%
Aluminum-2.76%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
VUL Vulcan Energy ResourcesAU$3.69-7.3%
AU$587.8m		-36.0%PS40.8x
S32 South32AU$3.442.1%
+AU$313.8m		1.2%PE32.2x
MIN Mineral ResourcesAU$50.571.1%
+AU$112.2m		45.8%PS2.2x
ELV Elevra LithiumAU$6.578.6%
+AU$88.2m		62.2%PS5x
BRE Brazilian Rare EarthsAU$4.048.6%
+AU$87.7m		83.6%PB15.9x

Latest News

SRL
AU$7.38
Sunrise Energy Metals
7D
8.7%
1Y
3,254.5%
BRE
AU$4.04
Brazilian Rare Earths
7D
8.6%
1Y
83.6%
S32
AU$3.44
South32
7D
2.1%
1Y
1.2%

S32: Cannington Sale Prospects Will Shape Outlook Amid Steady Earnings Expectations

Narrative Update on South32 The analyst price target for South32 has been raised from $3.38 to $3.48 as analysts factor in slightly stronger long term revenue growth and higher future valuation multiples. This is partially offset by modestly lower profit margin expectations and a marginally higher discount rate.
PLS
AU$3.88
PLS Group
7D
-4.7%
1Y
78.8%

PLS: Future Profits Will Lag Stronger Revenue As Margins Compress

Analysts have raised their price target on PLS Group significantly to reflect stronger projected revenue growth and higher perceived fair value, despite moderating profit margin expectations and a higher discount rate. What's in the News Pilbara Minerals Limited has rebranded as PLS Group Limited, signaling a broader corporate identity and strategic repositioning (company announcement).
BHP
AU$44.24
BHP Group
7D
-0.1%
1Y
9.9%

BHP: Commodity Cycles And Legal Liabilities Will Shape Future Performance Outlook

Analysts have trimmed their price target on BHP Group slightly, from 2,200 GBp to 2,100 GBp, reflecting a modestly higher discount rate and only incremental changes to long term revenue growth, margins, and valuation assumptions. Analyst Commentary Recent research suggests that sentiment on BHP Group is balanced, with the latest adjustment to the price target framed more as a fine tuning of assumptions than a fundamental change in outlook.
VUL
AU$3.69
Vulcan Energy Resources
7D
-7.3%
1Y
-36.0%
IGO
AU$6.84
IGO
7D
-3.0%
1Y
35.7%
MAH
AU$0.58
Macmahon Holdings
7D
3.5%
1Y
67.1%

MAH: Higher Discount Rate Will Likely Weigh On Future Earnings

Analysts have modestly raised their price target for Macmahon Holdings to approximately A$0.49 per share. This reflects slightly higher long term discount rate assumptions, while views on growth, profitability and valuation multiples remain largely unchanged.
LYC
AU$12.49
Lynas Rare Earths
7D
-3.4%
1Y
88.1%
LTR
AU$1.36
Liontown
7D
-8.4%
1Y
144.1%

LTR: Higher Earnings Multiple Will Increase Future Downside Risk For Shares

Analysts have modestly raised their price target on Liontown to reflect a higher fair value estimate of approximately $1.07 per share, up from about $0.95 per share. They cite slightly stronger long term margin expectations and a willingness to apply a richer future earnings multiple, despite marginally softer growth assumptions and a small increase in the discount rate.
ASL
AU$2.09
Andean Silver
7D
11.8%
1Y
124.7%
ELV
AU$6.57
Elevra Lithium
7D
8.6%
1Y
62.2%
MIN
AU$50.57
Mineral Resources
7D
1.1%
1Y
45.8%

MIN: Bald Hill Sale And Higher Margins Will Balance Future Risks And Opportunities

Analysts have raised their price target for Mineral Resources by approximately $1.15 per share, citing slightly higher long term revenue growth expectations, a notable uplift in forecast profit margins, and a lower projected future price to earnings multiple that together support a modestly higher fair value estimate. What's in the News Mineral Resources has reportedly launched a sale process for its Bald Hill lithium mine to help pay down debt, exploring both full and partial stake divestment options (Key Developments).
ILU
AU$5.39
Iluka Resources
7D
-11.9%
1Y
5.9%

ILU: Project Ramp-Up Will Improve Outlook While Utilization Risks Persist

Iluka Resources' analyst price target has increased from A$6.15 to A$6.65, with analysts citing improved confidence in project ramp-up, while maintaining ongoing caution about utilization rates. Analyst Commentary Following recent site visits and project assessments, analysts have provided updated perspectives on Iluka Resources’ outlook.
EUR
AU$0.15
European Lithium
7D
-21.1%
1Y
328.6%
ARU
AU$0.21
Arafura Rare Earths
7D
-17.6%
1Y
90.9%