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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedJul 30, 2026
DataAggregated Company Financials
Companies471
  • 7D-0.3%
  • 3M1.8%
  • 1Y47.7%
  • YTDn/a

Last week, the Diversified Metals and Mining industry hasn't moved much but Mineral Resources is up 5.4% in that time. As for the the longer term, the industry is up 48% over the past 12 months. 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
Fri, 31 Jul 2026AU$428.8bAU$111.3bAU$13.7b11.7x31.3x3.9x
Sun, 28 Jun 2026AU$435.6bAU$111.8bAU$13.8b11.1x31.6x3.9x
Tue, 26 May 2026AU$460.2bAU$108.4bAU$13.2b12.1x34.8x4.2x
Thu, 23 Apr 2026AU$435.2bAU$108.5bAU$13.2b13x32.9x4x
Sat, 21 Mar 2026AU$366.5bAU$109.5bAU$13.6b10.8x26.9x3.3x
Mon, 16 Feb 2026AU$391.8bAU$103.8bAU$8.8b20.6x44.6x3.8x
Wed, 14 Jan 2026AU$379.0bAU$108.6bAU$9.4b21.3x40.4x3.5x
Fri, 12 Dec 2025AU$341.0bAU$109.7bAU$9.3b18.8x36.8x3.1x
Sun, 09 Nov 2025AU$316.3bAU$112.0bAU$9.6b17.1x33x2.8x
Tue, 07 Oct 2025AU$319.9bAU$110.6bAU$9.4b19.2x34.1x2.9x
Thu, 04 Sep 2025AU$304.6bAU$111.7bAU$9.3b15.5x32.9x2.7x
Sat, 02 Aug 2025AU$277.3bAU$118.3bAU$12.0b13.1x23x2.3x
Mon, 30 Jun 2025AU$260.5bAU$116.8bAU$11.8b12x22x2.2x
Wed, 28 May 2025AU$263.4bAU$118.0bAU$12.0b12.3x21.9x2.2x
Fri, 25 Apr 2025AU$255.7bAU$118.9bAU$12.2b11.7x21x2.2x
Sun, 23 Mar 2025AU$269.2bAU$120.9bAU$12.1b11.4x22.2x2.2x
Tue, 18 Feb 2025AU$287.2bAU$122.8bAU$9.5b13.1x30.1x2.3x
Thu, 16 Jan 2025AU$281.7bAU$124.5bAU$9.1b13.1x30.8x2.3x
Sat, 14 Dec 2024AU$286.9bAU$121.8bAU$8.9b12.9x32.3x2.4x
Mon, 11 Nov 2024AU$306.7bAU$118.6bAU$8.6b11.7x35.8x2.6x
Wed, 09 Oct 2024AU$310.3bAU$116.4bAU$8.3b12.1x37.5x2.7x
Fri, 06 Sep 2024AU$271.5bAU$116.9bAU$8.4b13.1x32.4x2.3x
Sun, 04 Aug 2024AU$292.4bAU$122.9bAU$9.3b15.6x31.3x2.4x
Tue, 02 Jul 2024AU$305.8bAU$120.5bAU$9.1b15.2x33.4x2.5x
Thu, 30 May 2024AU$327.5bAU$121.1bAU$9.2b15.8x35.6x2.7x
Sat, 27 Apr 2024AU$314.0bAU$122.7bAU$9.3b13.6x33.7x2.6x
Mon, 25 Mar 2024AU$313.7bAU$124.7bAU$9.5b13.6x33.2x2.5x
Wed, 21 Feb 2024AU$324.8bAU$122.9bAU$19.7b10.3x16.5x2.6x
Fri, 19 Jan 2024AU$330.5bAU$128.4bAU$21.1b9.8x15.7x2.6x
Sun, 17 Dec 2023AU$357.9bAU$126.4bAU$20.7b10.1x17.3x2.8x
Tue, 14 Nov 2023AU$334.7bAU$131.5bAU$21.7b9.8x15.4x2.5x
Thu, 12 Oct 2023AU$339.7bAU$130.8bAU$21.6b9.7x15.8x2.6x
Sat, 09 Sep 2023AU$340.0bAU$131.1bAU$21.9b9.9x15.6x2.6x
Mon, 07 Aug 2023AU$362.6bAU$138.9bAU$34.7b8.4x10.5x2.6x
Price to Earnings Ratio

10.5x


Total Market Cap: AU$362.6bTotal Earnings: AU$34.7bTotal Revenue: AU$138.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 28.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Diversified Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.5x.
  • The 3-year average PS ratio of 2.8x 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 27% 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 Market2.05%
Materials0.25%
Metals and Mining-0.066%
Diversified Metals and Mining-0.29%
Steel1.28%
Precious Metals and Minerals0.12%
Gold-0.06%
Silver-0.99%
Copper-1.66%
Aluminum-2.78%
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$57.795.4%
+AU$586.2m		102.1%PE28.5x
CNB Carnaby ResourcesAU$0.7343.1%
+AU$60.7m		94.7%PB4.1x
VYS VysarnAU$1.136.6%
+AU$36.9m		120.6%PE41.3x
AT4 American Tungsten and AntimonyAU$0.04536.4%
+AU$18.6m		-48.3%PS2489x
GNG GR Engineering ServicesAU$5.501.9%
+AU$17.0m		48.2%PE31.6x

Latest News

VYS
AU$1.13
Vysarn
7D
6.6%
1Y
120.6%
MIN
AU$57.79
Mineral Resources
7D
5.4%
1Y
102.1%
NIC
AU$0.79
Nickel Industries
7D
-10.7%
1Y
6.8%
Narrative Update • Jul 29

NIC: Higher Margin Outlook And Project Commissioning Will Support Future Upside

Analysts have reduced their fair value estimate for Nickel Industries to A$1.80 from A$2.00, citing a slightly higher discount rate, more measured revenue growth expectations, stronger projected profit margins, and a lower future P/E multiple in their updated price target work. Analyst Commentary Recent Street research on other nickel related and mining focused companies gives some context for how bullish analysts are thinking about valuation, growth, and execution risks.
LTR
AU$0.98
Liontown
7D
-23.0%
1Y
26.3%
DVP
AU$4.64
Develop Global
7D
-18.7%
1Y
7.7%
ELV
AU$7.15
Elevra Lithium
7D
-12.9%
1Y
127.0%
New Narrative • Jul 28

Brownfield Expansion And New Project Development Will Transform Long Term Lithium Earnings Potential

Catalysts About Elevra Lithium Elevra Lithium operates lithium mining and processing assets in North America, focused on producing spodumene concentrate and advancing new project development. What are the underlying business or industry changes driving this perspective?
CNB
AU$0.73
Carnaby Resources
7D
43.1%
1Y
94.7%
S32
AU$4.53
South32
7D
-2.8%
1Y
54.1%
New Narrative • Jul 25

S32 on Solid Ground

At A$4.167 per share, South32 (ASX: S32) appears reasonably valued based on its current operating performance. South32 reports in US dollars and recorded first-half FY26 underlying earnings of US$435 million, or approximately US 9.7 cents per share.
LYC
AU$13.81
Lynas Rare Earths
7D
-8.6%
1Y
31.9%
SRL
AU$13.60
Sunrise Energy Metals
7D
-11.7%
1Y
938.2%
BHP
AU$59.15
BHP Group
7D
-2.4%
1Y
50.7%
Narrative Update • Jul 20

BHP: Potash Overruns And Impairment Will Restrain Future Project Returns

The analyst fair value estimate for BHP Group has been raised from A$40.94 to A$43.59 as analysts recalibrate their models following a series of mixed price target revisions that reflect updated views on project capex, impairment charges, and sector risk. Analyst Commentary Recent research on BHP Group shows a mix of cautious and supportive views, with several firms adjusting price targets and ratings as new information on project spending, impairments, and macro risks has emerged.
ELT
AU$0.35
Elementos
7D
10.9%
1Y
153.6%
ALR
AU$0.033
Altair Minerals
7D
6.5%
1Y
560.0%
AT4
AU$0.045
American Tungsten and Antimony
7D
36.4%
1Y
-48.3%
GNG
AU$5.50
GR Engineering Services
7D
1.9%
1Y
48.2%
LNQ
AU$0.33
LinQ Minerals
7D
20.0%
1Y
127.6%