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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies472
  • 7D1.6%
  • 3M5.0%
  • 1Y63.4%
  • YTDn/a

In the last week, the Diversified Metals and Mining industry is up 1.6%, with BHP Group up 5.0%. Meanwhile, Lindian Resources actually underperformed within the industry, shrinking 11% in the last week. This takes the industry's 12 month performance to a gain of 63%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026AU$395.4bAU$111.5bAU$13.7b12.7x28.8x3.5x
Thu, 05 Mar 2026AU$422.9bAU$109.2bAU$12.7b16.7x33.4x3.9x
Sat, 31 Jan 2026AU$391.7bAU$104.6bAU$8.8b21.5x44.7x3.7x
Mon, 29 Dec 2025AU$352.4bAU$108.4bAU$9.4b21.2x37.7x3.2x
Wed, 26 Nov 2025AU$317.6bAU$112.7bAU$9.7b17.5x32.8x2.8x
Fri, 24 Oct 2025AU$330.9bAU$111.9bAU$9.6b20.1x34.5x3x
Sun, 21 Sep 2025AU$292.2bAU$110.6bAU$9.2b14.7x31.6x2.6x
Tue, 19 Aug 2025AU$300.9bAU$117.0bAU$11.8b14x25.4x2.6x
Thu, 17 Jul 2025AU$275.0bAU$116.9bAU$11.8b13.7x23.3x2.4x
Sat, 14 Jun 2025AU$259.2bAU$117.7bAU$12.0b12.5x21.7x2.2x
Mon, 12 May 2025AU$254.7bAU$118.5bAU$12.1b11.7x21x2.1x
Wed, 09 Apr 2025AU$236.2bAU$124.6bAU$13.1b10.6x18x1.9x
Fri, 07 Mar 2025AU$267.1bAU$119.7bAU$12.2b11.1x21.9x2.2x
Sun, 02 Feb 2025AU$280.9bAU$124.3bAU$9.1b13.5x30.8x2.3x
Tue, 31 Dec 2024AU$278.2bAU$123.9bAU$9.1b13.4x30.5x2.2x
Thu, 28 Nov 2024AU$282.9bAU$120.1bAU$8.7b12x32.6x2.4x
Sat, 26 Oct 2024AU$300.5bAU$117.9bAU$8.5b14.6x35.5x2.5x
Mon, 23 Sep 2024AU$282.3bAU$115.6bAU$8.2b14.3x34.3x2.4x
Wed, 21 Aug 2024AU$281.1bAU$120.0bAU$9.0b15x31.2x2.3x
Fri, 19 Jul 2024AU$301.3bAU$119.6bAU$9.1b15.6x33.3x2.5x
Sun, 16 Jun 2024AU$306.5bAU$121.4bAU$9.2b15.3x33.2x2.5x
Tue, 14 May 2024AU$317.7bAU$121.5bAU$9.2b15.6x34.4x2.6x
Thu, 11 Apr 2024AU$327.2bAU$122.9bAU$9.2b14.2x35.6x2.7x
Sat, 09 Mar 2024AU$318.4bAU$122.4bAU$9.7b14.8x33x2.6x
Mon, 05 Feb 2024AU$339.9bAU$129.2bAU$21.2b9.6x16x2.6x
Wed, 03 Jan 2024AU$373.6bAU$124.9bAU$20.4b10.6x18.3x3x
Fri, 01 Dec 2023AU$338.6bAU$128.0bAU$21.0b9.7x16.1x2.6x
Sun, 29 Oct 2023AU$337.8bAU$132.1bAU$21.8b9.7x15.5x2.6x
Tue, 26 Sep 2023AU$339.1bAU$130.3bAU$21.7b8.5x15.6x2.6x
Thu, 24 Aug 2023AU$347.7bAU$131.7bAU$26.9b8.2x12.9x2.6x
Sat, 22 Jul 2023AU$360.6bAU$135.7bAU$33.8b8.6x10.7x2.7x
Mon, 19 Jun 2023AU$370.5bAU$133.8bAU$33.3b8.9x11.1x2.8x
Wed, 17 May 2023AU$356.8bAU$136.9bAU$34.1b8.5x10.5x2.6x
Fri, 14 Apr 2023AU$363.3bAU$136.1bAU$33.8b8.8x10.8x2.7x
Price to Earnings Ratio

10.8x


Total Market Cap: AU$363.3bTotal Earnings: AU$33.8bTotal Revenue: AU$136.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 26.1x202420252026
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 28.8x which is higher than its 3-year average PE of 26.1x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 26% per year over the last three years,
  • Revenues have also declined 6.4% 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 Market1.13%
Materials2.02%
Metals and Mining1.95%
Diversified Metals and Mining1.59%
Gold4.15%
Copper2.07%
Precious Metals and Minerals1.40%
Aluminum0.73%
Steel-0.018%
Silver-3.06%
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
BHP BHP GroupAU$52.925.0%
+AU$13.0b		49.6%PE18.2x
LYC Lynas Rare EarthsAU$20.307.1%
+AU$1.3b		169.2%PE248.1x
S32 South32AU$4.556.6%
+AU$1.3b		71.7%PE35.8x
IGO IGOAU$8.214.6%
+AU$272.1m		148.8%PS14.2x
PLS PLS GroupAU$5.191.4%
+AU$225.5m		277.5%PS17.3x

Latest News

FRS
AU$0.48
Forrestania Resources
7D
-4.0%
1Y
1,415.6%
BHP
AU$52.92
BHP Group
7D
5.0%
1Y
49.6%

BHP: Commodity Mix And China Stabilization Will Shape Fairly Valued Outlook

The analyst fair value estimate for BHP Group has increased modestly to A$53.37 from A$52.50, reflecting updated assumptions about slightly stronger revenue growth and a refreshed set of mixed but generally constructive price targets from recent Street research. Analyst Commentary Recent Street research on BHP Group shows a mix of optimism on long term prospects and caution around valuation and execution risks, which helps explain the modest adjustment in the fair value estimate.
ASL
AU$1.87
Andean Silver
7D
-4.8%
1Y
97.9%
S32
AU$4.55
South32
7D
6.6%
1Y
71.7%
LYC
AU$20.30
Lynas Rare Earths
7D
7.1%
1Y
169.2%

LYC: Revised Offtake Floor Price And Full Operations Will Support Rare Earth Upside

Analysts have lifted their price target on Lynas Rare Earths to A$26.00, citing the revised Lynas JARE offtake deal with its A$110/kg NdPr floor price and the capacity for additional higher return Western contracts as key supports for the updated assumptions on margins and valuation multiples. Analyst Commentary Bullish analysts are highlighting the revised Lynas JARE offtake deal and the company's operating position as key supports for more constructive views on the stock.
MIN
AU$54.49
Mineral Resources
7D
1.6%
1Y
232.7%

MIN: Fair Value Will Reflect Balanced Profitability Assumptions And Revised Earnings Multiple

Analysts have trimmed their price target for Mineral Resources slightly to reflect a new fair value estimate of about A$59.38 per share, compared with roughly A$59.85 previously, citing refreshed assumptions for the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: A$59.38 per share, slightly below the previous estimate of A$59.85.
ETM
AU$0.05
Energy Transition Minerals
7D
-46.2%
1Y
-12.3%
PLS
AU$5.19
PLS Group
7D
1.4%
1Y
277.5%

PLS: Lower Assumed Future P/E Will Constrain Share Price Upside

Analysts have lifted their price target for PLS Group to A$4.57 from A$3.00, reflecting updated assumptions for higher revenue growth, a stronger profit margin profile and a lower future P/E multiple. What's in the News PLS Group Limited added to the S&P/ASX 50 Index, increasing its visibility among large Australian equities (Key Developments).
LIN
AU$0.79
Lindian Resources
7D
-10.7%
1Y
722.9%
MEI
AU$0.15
Meteoric Resources
7D
-6.1%
1Y
121.4%
SRL
AU$8.47
Sunrise Energy Metals
7D
-3.6%
1Y
2,925.0%
NIC
AU$0.93
Nickel Industries
7D
4.5%
1Y
86.9%

NIC: Higher Commodity Price Decks Will Support Stronger Future Upside

Analysts have lifted their price target for Nickel Industries to A$1.20 from A$1.10, reflecting updated commodity price forecasts and revised long term assumptions for growth, margins, discount rate and future P/E multiples. Analyst Commentary Recent research points to a clear upswing in bullish sentiment around Nickel Industries, with several price target revisions and rating changes linked directly to updated commodity price assumptions.
CHW
AU$0.78
Chilwa Minerals
7D
-17.0%
1Y
9.1%
BRE
AU$4.22
Brazilian Rare Earths
7D
-1.9%
1Y
131.9%
DVP
AU$4.76
Develop Global
7D
13.1%
1Y
115.4%
IGO
AU$8.21
IGO
7D
4.6%
1Y
148.8%