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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies469
  • 7D-6.6%
  • 3M7.5%
  • 1Y32.4%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 6.6%, driven by BHP Group declining 4.7%. Over the past 12 months, the industry was up 32%. 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
Sun, 22 Mar 2026AU$366.6bAU$110.2bAU$13.6b10.8x26.9x3.3x
Tue, 17 Feb 2026AU$388.7bAU$103.7bAU$8.8b21.1x44.4x3.7x
Thu, 15 Jan 2026AU$382.6bAU$108.9bAU$9.4b21.2x40.6x3.5x
Sat, 13 Dec 2025AU$345.6bAU$109.6bAU$9.2b18.8x37.4x3.2x
Mon, 10 Nov 2025AU$316.3bAU$112.0bAU$9.6b17.1x33x2.8x
Wed, 08 Oct 2025AU$320.9bAU$110.6bAU$9.4b18.8x34.2x2.9x
Fri, 05 Sep 2025AU$304.1bAU$111.8bAU$9.2b15.4x32.9x2.7x
Sun, 03 Aug 2025AU$277.3bAU$117.8bAU$12.0b13.1x23.2x2.4x
Tue, 01 Jul 2025AU$256.0bAU$116.7bAU$11.8b11.6x21.7x2.2x
Thu, 29 May 2025AU$261.6bAU$118.1bAU$12.0b12.3x21.8x2.2x
Sat, 26 Apr 2025AU$255.7bAU$118.8bAU$12.1b11.7x21.1x2.2x
Mon, 24 Mar 2025AU$269.2bAU$120.9bAU$12.1b11.4x22.2x2.2x
Wed, 19 Feb 2025AU$287.3bAU$119.9bAU$15.0b13.4x19.1x2.4x
Fri, 17 Jan 2025AU$281.7bAU$124.6bAU$9.2b13.1x30.8x2.3x
Sun, 15 Dec 2024AU$286.9bAU$122.0bAU$8.9b12.9x32.2x2.4x
Tue, 12 Nov 2024AU$296.1bAU$118.5bAU$8.6b11.5x34.6x2.5x
Thu, 10 Oct 2024AU$305.4bAU$116.4bAU$8.3b12x36.9x2.6x
Sat, 07 Sep 2024AU$267.6bAU$116.8bAU$8.4b12.7x32x2.3x
Mon, 05 Aug 2024AU$292.4bAU$122.9bAU$9.3b15.6x31.3x2.4x
Wed, 03 Jul 2024AU$304.3bAU$120.9bAU$9.2b15.2x33.2x2.5x
Fri, 31 May 2024AU$321.6bAU$121.0bAU$9.2b15.5x35x2.7x
Sun, 28 Apr 2024AU$313.9bAU$122.7bAU$9.3b13.6x33.7x2.6x
Tue, 26 Mar 2024AU$313.8bAU$124.5bAU$9.4b14.7x33.2x2.5x
Thu, 22 Feb 2024AU$315.7bAU$124.8bAU$11.2b10.7x28.2x2.5x
Sat, 20 Jan 2024AU$330.4bAU$127.9bAU$21.0b9.8x15.8x2.6x
Mon, 18 Dec 2023AU$357.9bAU$126.4bAU$20.7b10.1x17.3x2.8x
Wed, 15 Nov 2023AU$338.5bAU$131.6bAU$21.7b9.8x15.6x2.6x
Fri, 13 Oct 2023AU$342.1bAU$131.0bAU$21.6b9.9x15.8x2.6x
Sun, 10 Sep 2023AU$340.4bAU$131.5bAU$21.9b9.9x15.5x2.6x
Tue, 08 Aug 2023AU$362.0bAU$139.0bAU$34.7b8.4x10.4x2.6x
Thu, 06 Jul 2023AU$364.2bAU$137.2bAU$34.2b9.2x10.6x2.7x
Sat, 03 Jun 2023AU$349.6bAU$137.9bAU$34.4b8.2x10.2x2.5x
Mon, 01 May 2023AU$354.3bAU$138.0bAU$34.3b8.2x10.3x2.6x
Wed, 29 Mar 2023AU$351.5bAU$136.8bAU$34.1b8.2x10.3x2.6x
Price to Earnings Ratio

10.3x


Total Market Cap: AU$351.5bTotal Earnings: AU$34.1bTotal Revenue: AU$136.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 25.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Diversified Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 25.9x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.3x.
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 6.9% 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-2.36%
Materials-7.36%
Metals and Mining-7.66%
Diversified Metals and Mining-6.64%
Steel-5.12%
Copper-7.42%
Aluminum-9.20%
Precious Metals and Minerals-11.44%
Gold-11.54%
Silver-19.62%
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
GNG GR Engineering ServicesAU$4.154.3%
+AU$28.9m		44.6%PE23.8x
BCI BCI MineralsAU$0.391.3%
+AU$14.7m		63.8%PS295.9x
ESR Estrella ResourcesAU$0.03322.2%
+AU$13.3m		17.9%PB9.6x
PL3 Patagonia LithiumAU$0.2039.3%
+AU$11.4m		191.0%PB3.7x
TZN Terramin AustraliaAU$0.0315.4%
+AU$9.6m		-62.0%PS564x

Latest News

BHP
AU$47.47
BHP Group
7D
-4.7%
1Y
20.1%

BHP’s value is durability today (iron ore) and optionality tomorrow (copper + potash). Execution and macro demand are the swing factors.

Catalysts 1) Copper demand: electrification + AI-driven power infrastructure The market often frames copper as an “energy transition” commodity, but I see incremental demand coming from AI/data-center power density and grid capex (transmission, distribution, redundancy). This supports a structurally tighter copper market over time.
IPX
AU$3.52
IperionX
7D
-33.1%
1Y
8.6%
LYC
AU$19.54
Lynas Rare Earths
7D
-5.6%
1Y
164.4%

LYC: Long Term Offtake Floor Price Will Support Yet Constrain Future Upside

The analyst fair value estimate for Lynas Rare Earths has shifted from A$16.65 to A$19.20 as analysts factor in the revised Lynas JARE offtake agreement, a secured NdPr floor price of $110/kg, and expectations for higher earnings potential from ramped production and future Western offtake capacity. Analyst Commentary Bullish Takeaways Bullish analysts point to the revised Lynas JARE offtake agreement, which secures 5,000 tpa of NdPr at a $110/kg floor price to 2038, as a key support for earnings visibility and valuation confidence.
TZN
AU$0.03
Terramin Australia
7D
15.4%
1Y
-62.0%
MIN
AU$51.69
Mineral Resources
7D
-10.1%
1Y
127.1%

MIN: Slightly Higher Fair Value Will Reflect Balanced Profitability And Multiple Assumptions

The analyst price target for Mineral Resources has been adjusted slightly higher to A$59.85 from A$59.77, with analysts citing updates in profit margin assumptions and valuation multiples as key drivers of the change. Valuation Changes Fair Value: A$59.77 to A$59.85, reflecting a very small upward adjustment in the modelled estimate.
PLS
AU$4.23
PLS Group
7D
-13.5%
1Y
128.6%

PLS: Higher Margins And Steady Output Will Support Stronger Share Pricing

Analysts have modestly revised their price target on PLS Group to A$5.80. This reflects slightly updated assumptions around discount rate, revenue growth, profit margin and future P/E, while keeping their overall valuation view broadly unchanged.
ESR
AU$0.033
Estrella Resources
7D
22.2%
1Y
17.9%
AZY
AU$0.58
Antipa Minerals
7D
1.8%
1Y
31.8%
LTR
AU$1.46
Liontown
7D
-13.6%
1Y
120.5%
S32
AU$3.98
South32
7D
-9.8%
1Y
12.7%
GNG
AU$4.15
GR Engineering Services
7D
4.3%
1Y
44.6%
IGO
AU$6.81
IGO
7D
-11.4%
1Y
59.9%
BCI
AU$0.39
BCI Minerals
7D
1.3%
1Y
63.8%
PL3
AU$0.20
Patagonia Lithium
7D
39.3%
1Y
191.0%
IBR
AU$0.046
Iron Bear Resources
7D
12.2%
1Y
-6.1%

We're Keeping An Eye On Cyclone Metals' (ASX:CLE) Cash Burn Rate

Jan 22
We're Keeping An Eye On Cyclone Metals' (ASX:CLE) Cash Burn Rate
GL1
AU$0.52
Global Lithium Resources
7D
5.1%
1Y
205.9%