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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies463
  • 7D-4.8%
  • 3M16.7%
  • 1Y30.8%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 4.2%, driven by BHP Group declining 3.5%. On the other hand Tivan is actually up 5.4%. This takes the industry's 12 month performance to a gain of 36%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 14 Feb 2023AU$385.7bAU$134.7bAU$35.3b11.2x10.9x2.9x
Price to Earnings Ratio

10.9x


Total Market Cap: AU$385.7bTotal Earnings: AU$35.3bTotal Revenue: AU$134.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 24.9x202420252026
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 43.8x which is higher than its 3-year average PE of 24.9x.
  • 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 37% per year over the last three years,
  • Revenues have also declined 8.0% 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 Market-2.49%
Materials-5.31%
Metals and Mining-5.46%
Diversified Metals and Mining-4.76%
Steel-0.95%
Aluminum-6.27%
Copper-8.08%
Gold-8.96%
Precious Metals and Minerals-9.35%
Silver-21.10%
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
INR ioneerAU$0.15-3.2%
AU$46.6m		-11.8%PB1.4x
TVN TivanAU$0.395.4%
+AU$45.2m		239.1%PS12766.8x
PSC Prospect ResourcesAU$0.4712.0%
+AU$35.3m		384.4%PB7.1x
ORN Orion MineralsAU$0.03811.8%
+AU$32.6m		153.3%PS804x
FRS Forrestania ResourcesAU$0.507.5%
+AU$31.7m		4,900.0%PB64.5x

Latest News

FAU
AU$0.016
First Au
7D
45.5%
1Y
700.0%
INR
AU$0.15
ioneer
7D
-3.2%
1Y
-11.8%
NMR
AU$0.096
Native Mineral Resources Holdings
7D
35.2%
1Y
74.5%
S32
AU$4.41
South32
7D
-4.5%
1Y
26.0%

S32: UBS Upgrade And Mozal Power Transition Will Shape Balanced Outlook

Analysts have lifted their price target on South32 by about A$0.22, citing updated views on fair value, discount rate, expected revenue growth, profit margins and future P/E assumptions following recent research, including the latest UBS upgrade. Analyst Commentary Recent research, including the latest UBS upgrade, highlights a mix of supportive and cautious views on South32's outlook and valuation.
PLS
AU$4.12
PLS Group
7D
-4.0%
1Y
84.8%
BHP
AU$48.79
BHP Group
7D
-3.5%
1Y
20.5%

BHP: Commodity Cycles Legal Risks And Mega Deals Will Shape Future Performance

Analysts nudged their BHP Group price targets higher, with the modelled fair value moving from about A$48.99 to A$48.17 as they factored in updated revenue growth, profit margin, P/E and discount rate assumptions aligned with the latest Street research. Analyst Commentary Recent Street research around BHP Group has been relatively limited in volume, but the available signals point to modest valuation adjustments rather than wholesale changes in conviction.
TKM
AU$0.15
Trek Metals
7D
40.9%
1Y
545.8%
LYC
AU$14.27
Lynas Rare Earths
7D
-4.2%
1Y
105.9%

LYC: Full Operations And Offtake Agreements Will Drive Rare Earth Upside

Analysts have lifted their fair value estimate for Lynas Rare Earths from A$17.50 to about A$26.00, pointing to the company’s position as a leading non China rare earths producer, the ramp up of full operations and new offtake agreements, as well as exploration upside highlighted in recent research. Analyst Commentary Recent research has turned more positive on Lynas Rare Earths, with several bullish analysts highlighting the company’s role as a major producer of separated rare earths outside China, the completion of construction, and the move to full operations.
PRN
AU$2.55
Perenti
7D
-9.3%
1Y
80.9%

PRN: Refined Discount And Margin Assumptions Will Support A Bullish Outlook

Analysts have lifted their price target on Perenti by A$0.00, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E, which together refine rather than overhaul their view of the company’s valuation. Valuation Changes Fair Value: unchanged at A$3.10 per share, indicating no revision to the central valuation estimate.
MIN
AU$51.81
Mineral Resources
7D
-9.3%
1Y
46.6%

MIN: Bald Hill Sale Process And Iron Ore Strength Will Support Upside

Analysts have increased their fair value estimate for Mineral Resources from A$68.00 to A$75.00, citing updated assumptions about revenue growth, profit margins and a lower future P/E multiple in their models. What's in the News Mineral Resources is reported to have started a sale process for its Bald Hill lithium mine to help secure funds to reduce debt, with interest expected in either the whole asset or a partial stake (Key Developments).
FRS
AU$0.50
Forrestania Resources
7D
7.5%
1Y
4,900.0%
VUL
AU$3.54
Vulcan Energy Resources
7D
-11.9%
1Y
-15.3%
PSC
AU$0.47
Prospect Resources
7D
12.0%
1Y
384.4%
ORN
AU$0.038
Orion Minerals
7D
11.8%
1Y
153.3%
IPX
AU$5.78
IperionX
7D
-21.4%
1Y
33.8%
TVN
AU$0.39
Tivan
7D
5.4%
1Y
239.1%