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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies464
  • 7D7.4%
  • 3M31.4%
  • 1Y54.6%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has risen 7.4%, driven by gains from BHP Group of 8.1%. Meanwhile, Sunrise Energy Metals actually underperformed within the industry, shrinking 30% in the last week. In the last 12 months, the industry was up 55%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026AU$430.2bAU$108.5bAU$12.5b19.3x34.4x4x
Sat, 24 Jan 2026AU$391.3bAU$106.6bAU$9.1b21.1x43.1x3.7x
Mon, 22 Dec 2025AU$338.7bAU$110.4bAU$9.3b19.9x36.2x3.1x
Wed, 19 Nov 2025AU$317.4bAU$111.9bAU$9.6b16.7x33.2x2.8x
Fri, 17 Oct 2025AU$339.8bAU$111.8bAU$9.6b19.4x35.5x3x
Sun, 14 Sep 2025AU$293.1bAU$109.8bAU$9.1b14.1x32.2x2.7x
Tue, 12 Aug 2025AU$296.2bAU$116.9bAU$11.8b13.3x25.1x2.5x
Thu, 10 Jul 2025AU$264.0bAU$116.9bAU$11.8b13.2x22.3x2.3x
Sat, 07 Jun 2025AU$264.0bAU$117.3bAU$11.9b12.1x22.3x2.3x
Mon, 05 May 2025AU$257.3bAU$118.0bAU$12.0b11.8x21.4x2.2x
Wed, 02 Apr 2025AU$262.2bAU$121.1bAU$12.5b11.7x20.9x2.2x
Fri, 28 Feb 2025AU$279.1bAU$120.4bAU$12.2b11.5x22.9x2.3x
Sun, 26 Jan 2025AU$279.4bAU$122.7bAU$9.0b12.8x31.2x2.3x
Tue, 24 Dec 2024AU$277.7bAU$123.8bAU$9.1b13.2x30.5x2.2x
Thu, 21 Nov 2024AU$286.2bAU$119.8bAU$8.6b12.2x33.2x2.4x
Sat, 19 Oct 2024AU$300.5bAU$116.7bAU$8.3b13.2x36.2x2.6x
Mon, 16 Sep 2024AU$279.0bAU$117.1bAU$8.5b14.7x32.9x2.4x
Wed, 14 Aug 2024AU$283.1bAU$121.8bAU$9.2b16.2x30.7x2.3x
Fri, 12 Jul 2024AU$307.7bAU$119.4bAU$9.0b16.7x34.1x2.6x
Sun, 09 Jun 2024AU$320.9bAU$122.0bAU$9.3b16.2x34.6x2.6x
Tue, 07 May 2024AU$316.5bAU$121.2bAU$9.2b15.2x34.3x2.6x
Thu, 04 Apr 2024AU$319.9bAU$124.7bAU$9.3b13.9x34.3x2.6x
Sat, 02 Mar 2024AU$325.1bAU$123.8bAU$9.8b16.7x33x2.6x
Mon, 29 Jan 2024AU$339.4bAU$128.2bAU$21.0b10x16.1x2.6x
Wed, 27 Dec 2023AU$366.4bAU$125.0bAU$20.4b10x17.9x2.9x
Fri, 24 Nov 2023AU$343.8bAU$128.4bAU$21.1b9.8x16.3x2.7x
Sun, 22 Oct 2023AU$333.2bAU$132.5bAU$21.9b9.7x15.2x2.5x
Tue, 19 Sep 2023AU$352.2bAU$130.3bAU$21.7b8.2x16.3x2.7x
Thu, 17 Aug 2023AU$342.0bAU$141.1bAU$35.3b8.4x9.7x2.4x
Sat, 15 Jul 2023AU$368.0bAU$133.8bAU$33.2b9x11.1x2.8x
Mon, 12 Jun 2023AU$359.0bAU$135.9bAU$33.9b8.4x10.6x2.6x
Wed, 10 May 2023AU$358.0bAU$135.5bAU$33.6b8.4x10.6x2.6x
Fri, 07 Apr 2023AU$352.7bAU$136.6bAU$34.0b8.4x10.4x2.6x
Sun, 05 Mar 2023AU$383.1bAU$134.9bAU$34.2b9.7x11.2x2.8x
Price to Earnings Ratio

11.2x


Total Market Cap: AU$383.1bTotal Earnings: AU$34.2bTotal Revenue: AU$134.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 25.4x202420252026
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 34.4x which is higher than its 3-year average PE of 25.4x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 4.0x.
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 7.0% 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 Market1.42%
Materials6.53%
Metals and Mining7.07%
Diversified Metals and Mining7.39%
Silver11.67%
Gold8.27%
Copper7.60%
Precious Metals and Minerals4.13%
Steel3.41%
Aluminum-5.15%
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$57.758.5%
+AU$23.0b		44.3%PE20.4x
PLS PLS GroupAU$5.2519.9%
+AU$2.8b		159.9%PS17.5x
LYC Lynas Rare EarthsAU$17.2410.4%
+AU$1.6b		150.2%PE210.7x
MIN Mineral ResourcesAU$60.4611.8%
+AU$1.3b		150.1%PE29.7x
S32 South32AU$4.604.3%
+AU$850.7m		26.4%PE37.2x

Latest News

MAH
AU$0.75
Macmahon Holdings
7D
-2.0%
1Y
154.2%
S32
AU$4.60
South32
7D
4.3%
1Y
26.4%
PRN
AU$2.44
Perenti
7D
-11.9%
1Y
95.2%
VYS
AU$0.76
Vysarn
7D
-10.1%
1Y
84.1%
MIN
AU$60.46
Mineral Resources
7D
11.8%
1Y
150.1%
MTM
AU$0.75
Metallium
7D
-5.7%
1Y
226.1%
MI6
AU$0.67
Minerals 260
7D
58.3%
1Y
n/a
NIC
AU$1.02
Nickel Industries
7D
-1.9%
1Y
38.1%

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.
IGO
AU$8.93
IGO
7D
13.0%
1Y
111.6%
PLS
AU$5.25
PLS Group
7D
19.9%
1Y
159.9%
BHP
AU$57.75
BHP Group
7D
8.5%
1Y
44.3%

BHP: Commodity Cycles And Mega Deals Will Shape Future Returns

Analysts have lifted their BHP Group price target by A$3.54. The change is supported by model updates that incorporate a higher fair value estimate, a small adjustment to the discount rate, a slightly lower revenue growth assumption, a modestly higher profit margin, and a marginally higher future P/E multiple.
BRE
AU$5.15
Brazilian Rare Earths
7D
24.4%
1Y
172.5%
LYC
AU$17.24
Lynas Rare Earths
7D
10.4%
1Y
150.2%

LYC: Full Operations And Offtake Agreements Are Expected To Support Fairly Valued Outlook

Analysts have nudged their fair value estimate for Lynas Rare Earths slightly higher from A$15.77 to A$15.87, citing expectations that full operations, a production ramp up and new offtake agreements can support earnings and cash flow over time. Analyst Commentary Bullish Takeaways Bullish analysts highlight that full operations are now underway, which they see as an important step for Lynas to translate its asset base into more consistent production and earnings.
SRL
AU$7.98
Sunrise Energy Metals
7D
-23.9%
1Y
2,700.0%
AT4
AU$0.14
American Tungsten and Antimony
7D
-15.6%
1Y
350.0%
LRV
AU$1.34
Larvotto Resources
7D
-4.6%
1Y
65.8%