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

Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies468
  • 7D-3.8%
  • 3M18.3%
  • 1Y50.6%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 3.8%, driven by a pullback from BHP Group of 7.6%. Meanwhile, Lynas Rare Earths actually outperformed within the industry, gaining 11% in the last week. This takes the industry's 12 month performance to a gain of 51%. 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
Thu, 12 Mar 2026AU$407.2bAU$108.2bAU$12.5b15.9x32.7x3.8x
Sat, 07 Feb 2026AU$373.6bAU$105.0bAU$8.8b19.9x42.3x3.6x
Mon, 05 Jan 2026AU$354.0bAU$108.7bAU$9.4b20.7x37.7x3.3x
Wed, 03 Dec 2025AU$328.7bAU$111.2bAU$9.5b17.6x34.7x3x
Fri, 31 Oct 2025AU$329.9bAU$111.1bAU$9.5b16.8x34.8x3x
Sun, 28 Sep 2025AU$312.7bAU$111.4bAU$9.4b18.7x33.3x2.8x
Tue, 26 Aug 2025AU$309.6bAU$113.3bAU$8.2b14.4x37.8x2.7x
Thu, 24 Jul 2025AU$294.1bAU$115.9bAU$11.6b13x25.3x2.5x
Sat, 21 Jun 2025AU$252.2bAU$117.4bAU$11.9b12.5x21.2x2.1x
Mon, 19 May 2025AU$268.8bAU$118.6bAU$12.1b12x22.2x2.3x
Wed, 16 Apr 2025AU$246.4bAU$119.3bAU$12.2b11.2x20.2x2.1x
Fri, 14 Mar 2025AU$260.4bAU$120.5bAU$12.4b11.6x21.1x2.2x
Sun, 09 Feb 2025AU$284.6bAU$123.4bAU$9.1b13.6x31.4x2.3x
Tue, 07 Jan 2025AU$275.9bAU$123.1bAU$9.0b13.4x30.7x2.2x
Thu, 05 Dec 2024AU$289.1bAU$121.1bAU$8.8b12.5x32.9x2.4x
Sat, 02 Nov 2024AU$304.3bAU$118.8bAU$8.6b12x35.5x2.6x
Mon, 30 Sep 2024AU$315.8bAU$114.4bAU$8.1b13.1x38.9x2.8x
Wed, 28 Aug 2024AU$289.7bAU$119.7bAU$8.8b15.6x33x2.4x
Fri, 26 Jul 2024AU$288.1bAU$122.6bAU$9.3b16.2x30.9x2.4x
Sun, 23 Jun 2024AU$303.0bAU$121.0bAU$9.2b14.3x32.9x2.5x
Tue, 21 May 2024AU$334.9bAU$120.3bAU$9.1b15.8x36.6x2.8x
Thu, 18 Apr 2024AU$322.1bAU$124.6bAU$9.5b12.9x34x2.6x
Sat, 16 Mar 2024AU$308.7bAU$123.9bAU$9.6b14.1x32.1x2.5x
Mon, 12 Feb 2024AU$324.4bAU$123.8bAU$20.7b9.8x15.7x2.6x
Wed, 10 Jan 2024AU$355.4bAU$126.5bAU$20.7b10.3x17.2x2.8x
Fri, 08 Dec 2023AU$342.6bAU$128.5bAU$21.1b9.9x16.2x2.7x
Sun, 05 Nov 2023AU$339.9bAU$129.3bAU$21.3b10x16x2.6x
Tue, 03 Oct 2023AU$344.1bAU$131.1bAU$21.7b9.6x15.8x2.6x
Thu, 31 Aug 2023AU$349.3bAU$129.4bAU$22.3b9.7x15.6x2.7x
Sat, 29 Jul 2023AU$362.9bAU$137.3bAU$34.2b8.6x10.6x2.6x
Mon, 26 Jun 2023AU$358.0bAU$136.9bAU$34.2b8.7x10.5x2.6x
Wed, 24 May 2023AU$355.6bAU$137.9bAU$34.4b8.5x10.3x2.6x
Fri, 21 Apr 2023AU$365.1bAU$136.0bAU$33.8b8.6x10.8x2.7x
Sun, 19 Mar 2023AU$341.0bAU$136.5bAU$34.2b8.1x10x2.5x
Price to Earnings Ratio

10x


Total Market Cap: AU$341.0bTotal Earnings: AU$34.2bTotal Revenue: AU$136.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 25.7x202420252026
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 32.7x which is higher than its 3-year average PE of 25.7x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 29% 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-1.34%
Materials-4.71%
Metals and Mining-4.52%
Diversified Metals and Mining-3.81%
Steel1.95%
Precious Metals and Minerals-3.46%
Silver-4.39%
Aluminum-6.78%
Gold-8.83%
Copper-9.04%
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
LYC Lynas Rare EarthsAU$21.1711.4%
+AU$2.2b		191.6%PE258.7x
MIN Mineral ResourcesAU$58.253.9%
+AU$430.3m		167.8%PE28.6x
LTR LiontownAU$1.624.5%
+AU$222.5m		163.4%PS17.3x
ILU Iluka ResourcesAU$6.724.3%
+AU$120.7m		65.5%PS2.9x
ARU Arafura Rare EarthsAU$0.289.8%
+AU$116.4m		80.6%PB1.9x

Latest News

LTR
AU$1.62
Liontown
7D
4.5%
1Y
163.4%
IPX
AU$6.12
IperionX
7D
-16.0%
1Y
91.8%
LYC
AU$21.17
Lynas Rare Earths
7D
11.4%
1Y
191.6%
DVP
AU$4.81
Develop Global
7D
-10.4%
1Y
71.8%
MIN
AU$58.25
Mineral Resources
7D
3.9%
1Y
167.8%
EQR
AU$0.34
EQ Resources
7D
4.6%
1Y
672.7%
BHP
AU$50.98
BHP Group
7D
-7.6%
1Y
33.3%
LIN
AU$0.81
Lindian Resources
7D
7.9%
1Y
757.9%
S32
AU$4.35
South32
7D
-5.6%
1Y
23.2%

S32: UBS Upgrade And Mozal Power Shift Will Guide Balanced Outlook

Analysts have nudged their fair value estimate for South32 slightly higher to A$4.69 from A$4.67, citing updated assumptions around discount rates, revenue growth, profit margins and forward P/E following recent price target and rating changes at major brokers. Analyst Commentary Recent Street research highlights a mix of optimism and caution around South32, with valuation adjustments and rating changes reflecting differing views on how the company may execute on its plans and how that might flow through to earnings and cash flow.
ARU
AU$0.28
Arafura Rare Earths
7D
9.8%
1Y
80.6%

Ex China Rare Earth Supply Diversification And Long Term Offtake Contracts Will Support This Thesis

Catalysts About Arafura Rare Earths Arafura Rare Earths is developing the Nolans Project north of Alice Springs to produce NdPr oxide outside China. What are the underlying business or industry changes driving this perspective?
IMD
AU$3.99
Imdex
7D
-8.5%
1Y
39.0%

IMD: Future Returns Will Reflect Neutral Coverage And Execution Dependent Upside

Analysts have raised their Imdex fair value estimate from A$3.64 to A$4.35, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E multiples following recent Street coverage that began with a neutral stance. Analyst Commentary Street coverage initiating with a neutral stance, alongside the higher A$4.35 fair value estimate, reflects a mix of optimism about Imdex’s opportunity set and caution around execution and valuation.
PRN
AU$2.00
Perenti
7D
-10.7%
1Y
58.7%

PRN: Updated Guidance And Higher P/E Multiple Will Shape Fairly Balanced Outlook

Analysts have lifted their price target on Perenti from A$2.39 to A$2.50, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Perenti issued revised earnings guidance for fiscal 2026, now expecting revenue between $3.45b and $3.55b, compared with the prior range of $3.45b to $3.65b (Corporate guidance).
IGO
AU$7.55
IGO
7D
-4.3%
1Y
96.6%
ILU
AU$6.72
Iluka Resources
7D
4.3%
1Y
65.5%

ILU: Demanding Margin Assumptions Will Drive Overvaluation Concerns Going Forward

Analysts have lifted their price target on Iluka Resources to A$5.00 from A$5.00, supported by updated assumptions for higher revenue growth, stronger profit margins and a lower future P/E multiple reflected in recent research such as Macquarie's upgrade. Analyst Commentary While the latest research includes more constructive assumptions on Iluka Resources, some bearish analysts are still flagging key risks that could cap upside for the shares.
MI6
AU$0.60
Minerals 260
7D
-10.4%
1Y
n/a
SRL
AU$8.93
Sunrise Energy Metals
7D
7.5%
1Y
3,782.6%