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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies471
  • 7D2.0%
  • 3M10.9%
  • 1Y54.6%
  • YTDn/a

In the last week, the Diversified Metals and Mining industry is up 4.5%, with BHP Group up 2.0%. In the last 12 months, the industry was up 53%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026AU$395.1bAU$112.3bAU$13.8b12.7x28.5x3.5x
Sun, 01 Mar 2026AU$444.1bAU$108.6bAU$12.5b19.3x35.5x4.1x
Tue, 27 Jan 2026AU$391.5bAU$105.8bAU$9.0b21.1x43.7x3.7x
Thu, 25 Dec 2025AU$351.9bAU$108.5bAU$9.3b21.2x37.6x3.2x
Sat, 22 Nov 2025AU$312.8bAU$112.9bAU$9.7b16.6x32.2x2.8x
Mon, 20 Oct 2025AU$335.6bAU$111.9bAU$9.6b19.2x35x3x
Wed, 17 Sep 2025AU$296.3bAU$109.7bAU$9.1b14.6x32.4x2.7x
Fri, 15 Aug 2025AU$298.4bAU$116.8bAU$11.8b14.1x25.3x2.6x
Sun, 13 Jul 2025AU$275.5bAU$116.1bAU$11.7b13.5x23.6x2.4x
Tue, 10 Jun 2025AU$264.0bAU$116.9bAU$11.8b12.1x22.3x2.3x
Thu, 08 May 2025AU$257.2bAU$117.5bAU$11.9b11.8x21.6x2.2x
Sat, 05 Apr 2025AU$245.6bAU$123.0bAU$12.8b11.3x19.1x2x
Mon, 03 Mar 2025AU$271.9bAU$121.9bAU$12.5b10.8x21.7x2.2x
Wed, 29 Jan 2025AU$278.5bAU$123.8bAU$9.1b12.8x30.7x2.2x
Fri, 27 Dec 2024AU$277.1bAU$124.0bAU$9.1b13.4x30.3x2.2x
Sun, 24 Nov 2024AU$285.9bAU$119.8bAU$8.6b11.9x33.1x2.4x
Tue, 22 Oct 2024AU$303.2bAU$117.2bAU$8.4b12.8x36.2x2.6x
Thu, 19 Sep 2024AU$276.1bAU$115.9bAU$8.3b15.7x33.4x2.4x
Sat, 17 Aug 2024AU$280.0bAU$121.2bAU$9.2b15x30.5x2.3x
Mon, 15 Jul 2024AU$307.6bAU$118.9bAU$9.0b16.7x34.2x2.6x
Wed, 12 Jun 2024AU$320.9bAU$121.7bAU$9.3b15.2x34.7x2.6x
Fri, 10 May 2024AU$318.8bAU$122.0bAU$9.3b14.7x34.4x2.6x
Sun, 07 Apr 2024AU$318.7bAU$123.5bAU$9.3b14.2x34.4x2.6x
Tue, 05 Mar 2024AU$321.5bAU$123.6bAU$9.8b15.1x32.7x2.6x
Thu, 01 Feb 2024AU$339.0bAU$128.2bAU$21.0b9.9x16.1x2.6x
Sat, 30 Dec 2023AU$373.6bAU$124.9bAU$20.4b10.8x18.3x3x
Mon, 27 Nov 2023AU$344.8bAU$128.1bAU$21.0b9.8x16.4x2.7x
Wed, 25 Oct 2023AU$327.6bAU$131.8bAU$21.7b9.7x15.1x2.5x
Fri, 22 Sep 2023AU$338.2bAU$130.7bAU$21.8b8.4x15.5x2.6x
Sun, 20 Aug 2023AU$343.6bAU$141.6bAU$35.3b8.4x9.7x2.4x
Tue, 18 Jul 2023AU$365.1bAU$134.7bAU$33.5b9.1x10.9x2.7x
Thu, 15 Jun 2023AU$366.6bAU$135.1bAU$33.6b8.7x10.9x2.7x
Sat, 13 May 2023AU$355.3bAU$136.8bAU$34.0b8.5x10.4x2.6x
Mon, 10 Apr 2023AU$352.8bAU$137.1bAU$34.1b8.4x10.4x2.6x
Price to Earnings Ratio

10.4x


Total Market Cap: AU$352.8bTotal Earnings: AU$34.1bTotal Revenue: AU$137.1bTotal 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 29.7x 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 3.6x.
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 6.8% 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 Market0.42%
Materials2.83%
Metals and Mining3.01%
Diversified Metals and Mining1.98%
Gold7.54%
Aluminum2.07%
Copper1.74%
Steel0.62%
Precious Metals and Minerals0.47%
Silver-4.11%
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$51.232.0%
+AU$5.1b		38.4%PE17.4x
S32 South32AU$4.428.3%
+AU$1.5b		48.8%PE34.5x
PLS PLS GroupAU$5.092.4%
+AU$386.6m		254.7%PS17x
IGO IGOAU$7.954.2%
+AU$241.8m		125.2%PS13.7x
MI6 Minerals 260AU$0.6816.4%
+AU$215.0m		n/aPB7.7x

Latest News

S32
AU$4.42
South32
7D
8.3%
1Y
48.8%
LTR
AU$1.70
Liontown
7D
-0.9%
1Y
245.9%
LYC
AU$19.41
Lynas Rare Earths
7D
-2.9%
1Y
174.5%

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.
PRN
AU$1.93
Perenti
7D
-2.0%
1Y
46.9%

PRN: Refreshed Earnings Guidance And Margins Will Support A Bullish Outlook

Perenti's analyst price target has been revised from A$3.10 to A$2.87 as analysts refresh their assumptions for discount rates, expected revenue growth, profit margins and future P/E multiples. What's in the News Perenti lowered fiscal 2026 earnings guidance, with revenue now expected between $3.45b and $3.55b, compared with the previous range of $3.45b to $3.65b (Company guidance).
MIN
AU$52.68
Mineral Resources
7D
-4.8%
1Y
150.5%

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$0.054
Energy Transition Minerals
7D
-37.2%
1Y
-10.0%
PLS
AU$5.09
PLS Group
7D
2.4%
1Y
254.7%

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$0.76
Lindian Resources
7D
-9.0%
1Y
694.7%
ILU
AU$6.75
Iluka Resources
7D
4.5%
1Y
83.4%

ILU: Higher Margins And Dividend Outlook Will Support Stronger Market Reappraisal

Analysts have lifted Iluka Resources' fair value estimate from A$8.47 to A$9.00, citing refreshed assumptions for revenue growth, profit margins and a lower future P/E that they see reflected in more constructive recent research, such as Macquarie's upgrade. Analyst Commentary Bullish analysts point to refreshed assumptions around Iluka Resources' revenue profile, profit margins and future P/E as key reasons behind higher fair value estimates and more constructive research coverage.
SYR
AU$0.12
Syrah Resources
7D
-20.7%
1Y
-48.9%

SYR: Equity Raising And Higher Discount Rate Will Pressure Future Returns

Analysts have reduced their fair value estimate for Syrah Resources from A$0.29 to A$0.10. This reflects updated assumptions that include a higher 11.93% discount rate, an 87.22% revenue growth outlook, a 24.46% profit margin and a future P/E of 2.88.
NIC
AU$0.91
Nickel Industries
7D
5.2%
1Y
62.5%

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.
BHP
AU$51.23
BHP Group
7D
2.0%
1Y
38.4%

BHP: Commodity Cycles And China Recovery Will Shape Fairly Valued Outlook

Analysts have adjusted the BHP Group fair value estimate slightly higher to A$52.50. This reflects refreshed price targets that balance updated revenue and margin assumptions with mixed views on commodity exposure and valuation.
IPX
AU$3.79
IperionX
7D
13.8%
1Y
48.0%
BRE
AU$4.12
Brazilian Rare Earths
7D
-4.4%
1Y
139.5%
MI6
AU$0.68
Minerals 260
7D
16.4%
1Y
n/a
IGO
AU$7.95
IGO
7D
4.2%
1Y
125.2%