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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies473
  • 7D-0.3%
  • 3M7.8%
  • 1Y65.9%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 1.5%, driven by a pullback from Lynas Rare Earths of 11%. Over the past 12 months, the industry was up 64%. 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, 28 Apr 2026AU$431.8bAU$108.2bAU$13.2b12.6x32.8x4x
Thu, 26 Mar 2026AU$388.4bAU$110.9bAU$13.7b11.5x28.2x3.5x
Sat, 21 Feb 2026AU$403.4bAU$109.3bAU$12.3b19.3x32.8x3.7x
Mon, 19 Jan 2026AU$386.5bAU$108.8bAU$9.4b20.8x41.1x3.6x
Wed, 17 Dec 2025AU$334.7bAU$110.0bAU$9.3b18.6x36x3x
Fri, 14 Nov 2025AU$332.0bAU$111.0bAU$9.5b16x35.1x3x
Sun, 12 Oct 2025AU$326.2bAU$112.1bAU$9.6b19.7x33.9x2.9x
Tue, 09 Sep 2025AU$300.6bAU$110.8bAU$9.2b15.3x32.7x2.7x
Thu, 07 Aug 2025AU$284.6bAU$117.1bAU$11.8b13.3x24x2.4x
Sat, 05 Jul 2025AU$268.8bAU$116.4bAU$11.7b12.8x22.9x2.3x
Mon, 02 Jun 2025AU$260.3bAU$118.0bAU$12.0b12.4x21.7x2.2x
Wed, 30 Apr 2025AU$258.4bAU$118.7bAU$12.1b11.7x21.3x2.2x
Fri, 28 Mar 2025AU$269.2bAU$120.7bAU$12.1b11.9x22.3x2.2x
Sun, 23 Feb 2025AU$287.6bAU$119.3bAU$12.4b12.1x23.2x2.4x
Tue, 21 Jan 2025AU$286.0bAU$124.5bAU$9.1b13.1x31.3x2.3x
Thu, 19 Dec 2024AU$280.3bAU$122.7bAU$9.0b13.1x31.2x2.3x
Sat, 16 Nov 2024AU$286.5bAU$120.2bAU$8.7b11.5x33x2.4x
Mon, 14 Oct 2024AU$308.4bAU$116.1bAU$8.2b13.2x37.4x2.7x
Wed, 11 Sep 2024AU$268.2bAU$117.6bAU$8.4b12.9x31.9x2.3x
Fri, 09 Aug 2024AU$280.1bAU$122.4bAU$9.3b15x30.1x2.3x
Sun, 07 Jul 2024AU$313.5bAU$119.4bAU$9.0b16.2x34.7x2.6x
Tue, 04 Jun 2024AU$325.0bAU$121.0bAU$9.2b16.2x35.4x2.7x
Thu, 02 May 2024AU$313.3bAU$123.2bAU$9.4b13.2x33.5x2.5x
Sat, 30 Mar 2024AU$316.9bAU$124.7bAU$9.3b13.4x33.9x2.5x
Mon, 26 Feb 2024AU$316.0bAU$123.0bAU$9.8b12.9x32.2x2.6x
Wed, 24 Jan 2024AU$329.9bAU$128.2bAU$21.0b9.8x15.7x2.6x
Fri, 22 Dec 2023AU$360.0bAU$125.6bAU$20.5b10.1x17.5x2.9x
Sun, 19 Nov 2023AU$342.5bAU$129.3bAU$21.3b9.7x16.1x2.6x
Tue, 17 Oct 2023AU$342.5bAU$132.7bAU$21.9b10.2x15.6x2.6x
Thu, 14 Sep 2023AU$340.3bAU$130.5bAU$21.7b9.7x15.7x2.6x
Sat, 12 Aug 2023AU$361.3bAU$139.6bAU$34.9b8.5x10.4x2.6x
Mon, 10 Jul 2023AU$350.4bAU$136.9bAU$34.1b8.7x10.3x2.6x
Wed, 07 Jun 2023AU$352.4bAU$137.3bAU$34.3b8.3x10.3x2.6x
Fri, 05 May 2023AU$349.9bAU$137.0bAU$34.1b8.3x10.3x2.6x
Price to Earnings Ratio

10.3x


Total Market Cap: AU$349.9bTotal Earnings: AU$34.1bTotal Revenue: AU$137.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 26.5x202420252026
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 32.5x which is higher than its 3-year average PE of 26.5x.
  • The 3-year average PS ratio of 2.7x 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 27% 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-1.95%
Materials-1.63%
Metals and Mining-1.83%
Diversified Metals and Mining-0.26%
Aluminum-0.30%
Gold-4.27%
Copper-4.32%
Steel-4.36%
Precious Metals and Minerals-5.76%
Silver-6.15%
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$56.160.8%
+AU$2.4b		49.1%PE20x
ELV Elevra LithiumAU$12.8822.1%
+AU$394.6m		329.3%PS10.1x
BRE Brazilian Rare EarthsAU$5.1014.1%
+AU$175.8m		140.6%PS84838.5x
ARU Arafura Rare EarthsAU$0.3411.3%
+AU$163.8m		68.3%PB2.3x
LTR LiontownAU$2.282.2%
+AU$159.0m		322.2%PS17.9x

Latest News

PLS
AU$5.93
PLS Group
7D
-1.8%
1Y
309.0%
ALR
AU$0.055
Altair Minerals
7D
44.7%
1Y
2,650.0%
IGO
AU$7.32
IGO
7D
-18.1%
1Y
100.0%
ELV
AU$12.88
Elevra Lithium
7D
22.1%
1Y
329.3%
LYC
AU$18.08
Lynas Rare Earths
7D
-11.3%
1Y
111.2%
LTR
AU$2.28
Liontown
7D
2.2%
1Y
322.2%

LTR: Project Execution Risks Will Test Rich Forward P/E Assumptions

Liontown's analyst price target has shifted from A$1.79 to A$1.83 as analysts factor in updated assumptions for revenue growth, profit margins, discount rates and forward P/E following recent research commentary. Analyst Commentary Analysts updating their models around the A$1.83 price target are weighing both upside and risk around Liontown's revenue outlook, margin profile and the P/E multiples they are willing to apply.
MAH
AU$0.78
Macmahon Holdings
7D
-8.8%
1Y
205.9%

MAH: Index Additions And New Contract Will Mask Overvaluation Risk

Analysts have increased their price target for Macmahon Holdings from A$0.34 to A$0.65, based on updated assumptions regarding the discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News Macmahon entered a Letter of Intent with Manuka Resources for full open pit mining services at the Wonawinta silver project in New South Wales, with an expected 5 year contract term and total services value of A$190 million, and a target service commencement in June 2026 (Client Announcement).
BHP
AU$56.16
BHP Group
7D
0.8%
1Y
49.1%

BHP: Commodity Mix And China Stabilization Will Shape Future Fairly Valued Outlook

The analyst fair value estimate for BHP Group has shifted slightly lower to A$52.50 from A$53.37, as analysts factor in updated assumptions for higher long term revenue growth, a modestly lower profit margin, a slightly higher discount rate, and a higher future P/E multiple following a mix of recent price target increases and trims across the Street. Analyst Commentary Recent research on BHP Group has been mixed, with several bullish analysts lifting price targets while more cautious analysts have trimmed theirs or maintained restrained views.
CXO
AU$0.33
Core Lithium
7D
-13.3%
1Y
364.3%

CXO: Future Restart Progress And Execution Risks Will Constrain Returns

The Core Lithium analyst price target has shifted to A$0.31 from A$0.29. Analysts point to updated assumptions on long term revenue growth, profit margins, a slightly higher discount rate, and a lower future P/E multiple as the key drivers of the change.
PRN
AU$1.94
Perenti
7D
-7.9%
1Y
48.3%

PRN: Leadership Transition And Dividend Policy Will Support Future Re Rating

Analysts have slightly reduced their price target for Perenti to A$2.73 from A$2.77, reflecting a modestly higher discount rate and small adjustments to revenue growth, profit margin and future P/E expectations. What's in the News Perenti appointed Dr. Vanessa Torres as the next CEO following an extensive search led by the non executive directors and a global executive search firm.
WA1
AU$15.96
WA1 Resources
7D
9.8%
1Y
32.7%

Companies Like WA1 Resources (ASX:WA1) Are In A Position To Invest In Growth

Apr 16
Companies Like WA1 Resources (ASX:WA1) Are In A Position To Invest In Growth
MIN
AU$59.01
Mineral Resources
7D
-5.2%
1Y
224.6%

MIN: Fair Value Will Reflect Balanced Profitability Assumptions And Revised Earnings Multiple

Analysts have modestly lifted their fair value estimate for Mineral Resources to A$60.29 from A$59.38, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: A$60.29 compared with A$59.38 previously, reflecting a modest uplift in the modelled estimate.
BRE
AU$5.10
Brazilian Rare Earths
7D
14.1%
1Y
140.6%
ARU
AU$0.34
Arafura Rare Earths
7D
11.3%
1Y
68.3%
LIN
AU$0.88
Lindian Resources
7D
-4.9%
1Y
695.5%
VUL
AU$3.80
Vulcan Energy Resources
7D
7.6%
1Y
-20.0%