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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies465
  • 7D-14.1%
  • 3M13.6%
  • 1Y41.2%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 8.2%, driven by BHP Group declining 15%. Meanwhile, Lindian Resources actually outperformed within the industry, gaining 32% in the last week. In the past year, the industry has gained 50%. 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
Tue, 10 Mar 2026AU$385.4bAU$109.9bAU$12.9b14.4x30x3.5x
Thu, 05 Feb 2026AU$403.9bAU$104.6bAU$8.8b21.7x46.1x3.9x
Sat, 03 Jan 2026AU$353.9bAU$108.8bAU$9.4b20.7x37.6x3.3x
Mon, 01 Dec 2025AU$324.2bAU$111.2bAU$9.5b17.4x34.2x2.9x
Wed, 29 Oct 2025AU$325.4bAU$111.1bAU$9.5b16.8x34.4x2.9x
Fri, 26 Sep 2025AU$308.8bAU$110.9bAU$9.1b15.5x34.1x2.8x
Sun, 24 Aug 2025AU$300.9bAU$113.4bAU$8.3b14.7x36.4x2.7x
Tue, 22 Jul 2025AU$285.8bAU$117.0bAU$11.8b13.5x24.2x2.4x
Thu, 19 Jun 2025AU$257.5bAU$117.4bAU$11.9b12.9x21.6x2.2x
Sat, 17 May 2025AU$268.8bAU$118.4bAU$12.1b12x22.3x2.3x
Mon, 14 Apr 2025AU$238.5bAU$120.4bAU$12.4b10.9x19.2x2x
Wed, 12 Mar 2025AU$266.7bAU$120.5bAU$12.3b11.3x21.6x2.2x
Fri, 07 Feb 2025AU$283.2bAU$123.5bAU$9.1b13.4x31.2x2.3x
Sun, 05 Jan 2025AU$279.8bAU$124.3bAU$9.1b13.4x30.7x2.3x
Tue, 03 Dec 2024AU$287.8bAU$119.9bAU$8.7b12.2x33.2x2.4x
Thu, 31 Oct 2024AU$305.0bAU$118.7bAU$8.6b14.6x35.7x2.6x
Sat, 28 Sep 2024AU$313.9bAU$114.6bAU$8.2b13x38.2x2.7x
Mon, 26 Aug 2024AU$284.9bAU$119.1bAU$8.9b13.1x32.1x2.4x
Wed, 24 Jul 2024AU$291.0bAU$121.4bAU$9.2b16.2x31.5x2.4x
Fri, 21 Jun 2024AU$304.2bAU$120.6bAU$9.2b14.8x33.2x2.5x
Sun, 19 May 2024AU$329.1bAU$120.2bAU$9.1b15.8x36.1x2.7x
Tue, 16 Apr 2024AU$329.1bAU$123.4bAU$9.4b14x35.1x2.7x
Thu, 14 Mar 2024AU$307.4bAU$123.1bAU$9.6b14.1x31.9x2.5x
Sat, 10 Feb 2024AU$324.5bAU$124.2bAU$20.7b9.8x15.7x2.6x
Mon, 08 Jan 2024AU$357.0bAU$126.2bAU$20.6b10.3x17.3x2.8x
Wed, 06 Dec 2023AU$334.6bAU$128.5bAU$21.1b9.8x15.9x2.6x
Fri, 03 Nov 2023AU$337.1bAU$130.4bAU$21.5b9.9x15.7x2.6x
Sun, 01 Oct 2023AU$341.5bAU$130.7bAU$21.6b9.7x15.8x2.6x
Tue, 29 Aug 2023AU$340.7bAU$130.3bAU$23.6b9x14.5x2.6x
Thu, 27 Jul 2023AU$370.5bAU$135.6bAU$33.8b9x11x2.7x
Sat, 24 Jun 2023AU$358.0bAU$136.8bAU$34.1b8.7x10.5x2.6x
Mon, 22 May 2023AU$360.1bAU$137.4bAU$34.2b8.9x10.5x2.6x
Wed, 19 Apr 2023AU$369.2bAU$135.9bAU$33.8b8.7x10.9x2.7x
Fri, 17 Mar 2023AU$340.7bAU$137.2bAU$34.5b8.2x9.9x2.5x
Price to Earnings Ratio

9.9x


Total Market Cap: AU$340.7bTotal Earnings: AU$34.5bTotal Revenue: AU$137.2bTotal 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 31.7x which is higher than its 3-year average PE of 25.6x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 28% per year over the last three years,
  • Revenues have also declined 7.1% 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-6.36%
Materials-14.32%
Metals and Mining-14.48%
Diversified Metals and Mining-14.14%
Aluminum-6.42%
Steel-7.60%
Precious Metals and Minerals-13.46%
Gold-17.95%
Silver-19.46%
Copper-22.00%
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
MIN Mineral ResourcesAU$57.452.5%
+AU$277.0m		168.0%PE28.2x
LIN Lindian ResourcesAU$0.7717.7%
+AU$192.4m		688.7%PB22x
SRL Sunrise Energy MetalsAU$8.5310.9%
+AU$120.8m		3,454.2%PS6659.9x
LTR LiontownAU$1.581.0%
+AU$47.7m		154.8%PS16.9x
VYS VysarnAU$0.845.6%
+AU$23.7m		111.3%PE31x

Latest News

MIN
AU$57.45
Mineral Resources
7D
2.5%
1Y
168.0%
BHP
AU$51.23
BHP Group
7D
-11.2%
1Y
29.2%
LTR
AU$1.58
Liontown
7D
1.0%
1Y
154.8%

LTR: Execution Risks And Higher Discount Rate Will Likely Cap Future Upside

Analysts have lifted their Liontown price target to A$0.82. This reflects updated assumptions for a slightly higher discount rate, revised revenue growth outlook and profit margin, along with a modest tweak to future P/E expectations.
LIN
AU$0.77
Lindian Resources
7D
17.7%
1Y
688.7%
S32
AU$4.26
South32
7D
-6.8%
1Y
18.7%

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.
LYC
AU$17.72
Lynas Rare Earths
7D
-6.9%
1Y
152.8%

Lynas Rare Earths: Owning the Policy-Backed Growth Regime, Not Just the Ore Body.

Synopsis & Business Model: A Strategic Bottleneck, Not Just a Miner Lynas Rare Earths is best understood as a vertically integrated critical-minerals utility rather than a conventional cyclical miner. It operates one of the world’s highest‑grade rare earth deposits at Mt Weld in Western Australia, with ore concentrated on site and then processed through its cracking and leaching facility in Kalgoorlie and its separation and refining plant in Gebeng, Malaysia.
PRN
AU$2.09
Perenti
7D
-11.8%
1Y
67.9%

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).
PLS
AU$4.67
PLS Group
7D
-2.7%
1Y
164.6%

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

Analysts have nudged their price target for PLS Group higher to A$5.80 from A$5.60, pointing to updated assumptions that combine a slightly higher discount rate with revised expectations for revenue growth, profit margins and future P/E. What's in the News PLS Group reported production results for the first half of fiscal 2026, with output of 432.8 Kt compared with 408.3 Kt in the same period a year earlier (Key Developments).
ILU
AU$6.09
Iluka Resources
7D
-7.4%
1Y
50.4%

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.
VYS
AU$0.84
Vysarn
7D
5.6%
1Y
111.3%
MI6
AU$0.59
Minerals 260
7D
-18.5%
1Y
n/a
NIC
AU$0.91
Nickel Industries
7D
-8.1%
1Y
49.6%

NIC: Higher Commodity Price Decks Will Support Future Earnings Rerating

Analysts have raised their fair value estimate for Nickel Industries from A$1.11 to A$1.17. This change reflects recent increases in sector price targets and updated commodity price assumptions across Australian base metal producers.
SKY
AU$0.19
Sky Metals
7D
8.6%
1Y
280.0%
SRL
AU$8.53
Sunrise Energy Metals
7D
10.9%
1Y
3,454.2%
KGL
AU$0.25
KGL Resources
7D
8.7%
1Y
150.0%
TR2
AU$0.40
Tali Resources
7D
35.6%
1Y
n/a