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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies466
  • 7D-3.7%
  • 3M22.6%
  • 1Y54.0%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 3.7%, driven by BHP Group declining 9.6%. Meanwhile, Lindian Resources actually outperformed within the industry, gaining 43% in the last week. In the past year, the industry has gained 54%. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026AU$421.7bAU$109.5bAU$12.7b16.6x33.2x3.9x
Mon, 02 Feb 2026AU$391.8bAU$105.3bAU$8.9b21.5x44.2x3.7x
Wed, 31 Dec 2025AU$349.2bAU$108.6bAU$9.4b21.5x37.2x3.2x
Fri, 28 Nov 2025AU$322.9bAU$111.5bAU$9.5b17.1x33.9x2.9x
Sun, 26 Oct 2025AU$334.1bAU$111.8bAU$9.6b19.3x34.9x3x
Tue, 23 Sep 2025AU$295.7bAU$110.6bAU$9.2b14.9x32.1x2.7x
Thu, 21 Aug 2025AU$298.5bAU$114.1bAU$8.4b13.4x35.7x2.6x
Sat, 19 Jul 2025AU$283.0bAU$116.9bAU$11.8b13.7x24x2.4x
Mon, 16 Jun 2025AU$259.2bAU$117.3bAU$11.9b12.5x21.8x2.2x
Wed, 14 May 2025AU$265.7bAU$118.5bAU$12.1b12x22x2.2x
Fri, 11 Apr 2025AU$241.1bAU$122.2bAU$12.7b10.9x19x2x
Sun, 09 Mar 2025AU$264.9bAU$120.1bAU$12.3b11.7x21.6x2.2x
Tue, 04 Feb 2025AU$278.0bAU$124.8bAU$9.2b13.3x30.2x2.2x
Thu, 02 Jan 2025AU$276.7bAU$124.8bAU$9.2b13.4x30x2.2x
Sat, 30 Nov 2024AU$286.6bAU$119.7bAU$8.6b12.2x33.2x2.4x
Mon, 28 Oct 2024AU$300.5bAU$118.3bAU$8.5b14.6x35.3x2.5x
Wed, 25 Sep 2024AU$288.7bAU$115.1bAU$8.2b14.1x35.3x2.5x
Fri, 23 Aug 2024AU$287.0bAU$120.0bAU$8.9b13.3x32.1x2.4x
Sun, 21 Jul 2024AU$296.9bAU$120.4bAU$9.1b15.6x32.5x2.5x
Tue, 18 Jun 2024AU$302.5bAU$121.5bAU$9.2b14.5x32.7x2.5x
Thu, 16 May 2024AU$322.7bAU$121.1bAU$9.2b16.5x35.1x2.7x
Sat, 13 Apr 2024AU$327.5bAU$123.3bAU$9.4b13.9x35x2.7x
Mon, 11 Mar 2024AU$318.4bAU$122.8bAU$9.7b13.9x32.8x2.6x
Wed, 07 Feb 2024AU$320.1bAU$124.4bAU$20.8b9.8x15.4x2.6x
Fri, 05 Jan 2024AU$366.5bAU$126.0bAU$20.6b10.5x17.8x2.9x
Sun, 03 Dec 2023AU$337.8bAU$126.8bAU$20.8b9.8x16.3x2.7x
Tue, 31 Oct 2023AU$336.6bAU$131.5bAU$21.7b9.7x15.5x2.6x
Thu, 28 Sep 2023AU$333.2bAU$131.4bAU$21.9b8.2x15.2x2.5x
Sat, 26 Aug 2023AU$339.9bAU$130.0bAU$23.5b9x14.5x2.6x
Mon, 24 Jul 2023AU$360.7bAU$136.1bAU$33.9b8.6x10.6x2.6x
Wed, 21 Jun 2023AU$371.5bAU$135.1bAU$33.6b8.8x11x2.8x
Fri, 19 May 2023AU$359.5bAU$137.5bAU$34.2b8.7x10.5x2.6x
Sun, 16 Apr 2023AU$366.4bAU$136.5bAU$33.9b8.7x10.8x2.7x
Tue, 14 Mar 2023AU$361.3bAU$137.1bAU$34.6b8.6x10.4x2.6x
Price to Earnings Ratio

10.4x


Total Market Cap: AU$361.3bTotal Earnings: AU$34.6bTotal Revenue: AU$137.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 25.6x202420252026
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 33.2x 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 3.9x.
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-2.64%
Materials-3.53%
Metals and Mining-3.44%
Diversified Metals and Mining-3.67%
Precious Metals and Minerals3.79%
Aluminum-1.60%
Gold-1.88%
Silver-3.77%
Steel-5.36%
Copper-6.91%
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
LIN Lindian ResourcesAU$0.7643.4%
+AU$384.9m		667.7%PB21.9x
EQR EQ ResourcesAU$0.3423.2%
+AU$315.9m		650.0%PS25.1x
SRL Sunrise Energy MetalsAU$8.486.3%
+AU$71.8m		2,928.6%PS6620.4x
IPX IperionXAU$6.912.8%
+AU$64.5m		105.0%PB17.8x
WTM Waratah MineralsAU$0.8030.1%
+AU$57.2m		433.3%PS309.3x

Latest News

BHP
AU$52.81
BHP Group
7D
-9.6%
1Y
35.5%

BHP: Commodity Cycles And China Recovery Will Shape Future Returns

The analyst fair value estimate for BHP Group has been adjusted slightly higher to A$51.98 from A$51.72. This change reflects a series of recent price target increases across the Street as analysts factor in updated assumptions for revenue growth, margins and valuation multiples.
ARU
AU$0.27
Arafura Rare Earths
7D
1.9%
1Y
71.0%

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?
LYC
AU$18.33
Lynas Rare Earths
7D
-3.4%
1Y
154.9%

LYC: Full Operations And Offtake Agreements Will Limit Upside At Current Levels

Analysts have lifted their price target for Lynas Rare Earths from A$15.87 to about A$16.65, reflecting updated assumptions for fair value, discount rate, growth and margins as they factor in ramped-up production and new offtake agreements. Analyst Commentary Bullish Takeaways Bullish analysts point to Lynas Rare Earths' position as a leading producer of separated rare earths outside China as an important support for the updated fair value assumptions.
MIN
AU$55.20
Mineral Resources
7D
-9.5%
1Y
161.9%

MIN: Higher Assessed Fair Value Will Balance Evolving Risks And Opportunities

Analysts have increased their price target for Mineral Resources from A$46.58 to A$59.77. This change reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E, which they view as better aligned with the stock’s current risk and earnings profile.
PLS
AU$4.76
PLS Group
7D
-8.3%
1Y
163.0%

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).
IGO
AU$7.75
IGO
7D
-10.1%
1Y
97.2%
S32
AU$4.50
South32
7D
-2.2%
1Y
25.3%
NIC
AU$0.91
Nickel Industries
7D
-10.4%
1Y
20.7%

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.
LTR
AU$1.56
Liontown
7D
-8.5%
1Y
145.7%

LTR: Higher P/E And Thinner Margins Will Likely Cap Future Upside

Narrative Update on Liontown The updated analyst price target for Liontown rises from A$0.50 to A$0.82. Analysts point to higher assumed revenue growth of about 46% and a richer future P/E of about 23x.
SRL
AU$8.48
Sunrise Energy Metals
7D
6.3%
1Y
2,928.6%
IPX
AU$6.91
IperionX
7D
2.8%
1Y
105.0%
TGN
AU$0.29
Tungsten Mining
7D
5.4%
1Y
231.5%
ATR
AU$0.69
Astron
7D
10.9%
1Y
46.3%
EQR
AU$0.34
EQ Resources
7D
23.2%
1Y
650.0%
WTM
AU$0.80
Waratah Minerals
7D
30.1%
1Y
433.3%
LIN
AU$0.76
Lindian Resources
7D
43.4%
1Y
667.7%