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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies466
  • 7D-3.6%
  • 3M12.8%
  • 1Y45.2%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 3.6%, driven by BHP Group declining 5.7%. On the other hand Lynas Rare Earths is actually up 13%. This takes the industry's 12 month performance to a gain of 45%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026AU$391.2bAU$110.4bAU$12.9b14.8x30.3x3.5x
Tue, 10 Feb 2026AU$383.3bAU$104.4bAU$8.7b20x43.9x3.7x
Thu, 08 Jan 2026AU$375.6bAU$108.1bAU$9.3b21.8x40.4x3.5x
Sat, 06 Dec 2025AU$340.4bAU$110.1bAU$9.3b20.1x36.6x3.1x
Mon, 03 Nov 2025AU$329.4bAU$111.3bAU$9.5b17.1x34.7x3x
Wed, 01 Oct 2025AU$315.8bAU$110.6bAU$9.3b18x34.1x2.9x
Fri, 29 Aug 2025AU$307.7bAU$112.1bAU$9.5b15.5x32.3x2.7x
Sun, 27 Jul 2025AU$289.9bAU$116.2bAU$11.7b13.3x24.8x2.5x
Tue, 24 Jun 2025AU$248.4bAU$119.0bAU$12.2b12.5x20.4x2.1x
Thu, 22 May 2025AU$262.4bAU$118.0bAU$12.0b11.9x21.8x2.2x
Sat, 19 Apr 2025AU$247.3bAU$119.1bAU$12.2b11.2x20.3x2.1x
Mon, 17 Mar 2025AU$262.6bAU$120.1bAU$12.5b11.4x20.9x2.2x
Wed, 12 Feb 2025AU$281.5bAU$123.3bAU$9.1b13.3x31.1x2.3x
Fri, 10 Jan 2025AU$277.3bAU$124.6bAU$9.1b13.1x30.3x2.2x
Sun, 08 Dec 2024AU$285.7bAU$121.5bAU$8.8b12.6x32.3x2.4x
Tue, 05 Nov 2024AU$302.3bAU$118.3bAU$8.5b11.8x35.5x2.6x
Thu, 03 Oct 2024AU$316.3bAU$114.5bAU$8.1b12.7x39x2.8x
Sat, 31 Aug 2024AU$286.2bAU$116.1bAU$8.3b16.2x34.7x2.5x
Mon, 29 Jul 2024AU$294.2bAU$122.4bAU$9.3b16.2x31.6x2.4x
Wed, 26 Jun 2024AU$305.6bAU$120.8bAU$9.2b15x33.3x2.5x
Fri, 24 May 2024AU$328.0bAU$121.0bAU$9.2b16.3x35.6x2.7x
Sun, 21 Apr 2024AU$319.7bAU$124.5bAU$9.5b13.7x33.7x2.6x
Tue, 19 Mar 2024AU$306.4bAU$123.9bAU$9.5b14.1x32.1x2.5x
Thu, 15 Feb 2024AU$321.4bAU$124.5bAU$20.9b10.1x15.4x2.6x
Sat, 13 Jan 2024AU$347.6bAU$126.6bAU$20.7b10.2x16.8x2.7x
Mon, 11 Dec 2023AU$346.1bAU$128.3bAU$21.1b9.7x16.4x2.7x
Wed, 08 Nov 2023AU$338.8bAU$130.7bAU$21.6b9.9x15.7x2.6x
Fri, 06 Oct 2023AU$344.1bAU$132.2bAU$21.9b9.7x15.7x2.6x
Sun, 03 Sep 2023AU$350.7bAU$130.2bAU$21.7b9.7x16.2x2.7x
Tue, 01 Aug 2023AU$362.7bAU$136.5bAU$34.0b8.6x10.7x2.7x
Thu, 29 Jun 2023AU$358.8bAU$137.7bAU$34.3b8.6x10.4x2.6x
Sat, 27 May 2023AU$346.2bAU$139.4bAU$34.9b8.2x9.9x2.5x
Mon, 24 Apr 2023AU$359.5bAU$136.7bAU$34.0b8.4x10.6x2.6x
Wed, 22 Mar 2023AU$339.7bAU$136.7bAU$34.1b8.1x10x2.5x
Price to Earnings Ratio

10x


Total Market Cap: AU$339.7bTotal Earnings: AU$34.1bTotal Revenue: AU$136.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 25.8x202420252026
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 31.2x which is higher than its 3-year average PE of 25.7x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.6x.
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 Market-2.66%
Materials-4.72%
Metals and Mining-4.35%
Diversified Metals and Mining-3.58%
Steel3.59%
Copper-2.74%
Aluminum-4.49%
Silver-7.71%
Precious Metals and Minerals-9.18%
Gold-10.06%
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
LYC Lynas Rare EarthsAU$20.7012.9%
+AU$2.4b		180.5%PE253x
MIN Mineral ResourcesAU$57.484.1%
+AU$448.0m		161.9%PE28.2x
PLS PLS GroupAU$4.892.7%
+AU$418.9m		168.7%PS16.3x
LTR LiontownAU$1.698.0%
+AU$397.4m		161.2%PS13.2x
LIN Lindian ResourcesAU$0.9119.7%
+AU$251.0m		847.9%PB10.2x

Latest News

IPX
AU$5.26
IperionX
7D
-23.9%
1Y
65.4%
EQR
AU$0.36
EQ Resources
7D
5.8%
1Y
748.8%
LTR
AU$1.69
Liontown
7D
8.0%
1Y
161.2%
LIN
AU$0.91
Lindian Resources
7D
19.7%
1Y
847.9%
LYC
AU$20.70
Lynas Rare Earths
7D
12.9%
1Y
180.5%

Lynas Rare Earths Will Continue to Surge Alongside The Transition To a Green Future

Lynas Rare Earths is the only fully integrated rare earth producer outside of China, with demand underpinned by its critical role in electric vehicles, wind turbines, and defence technologies. The company has recently strengthened its strategic positioning through a partnership with U.S.-based Noveon Magnetics, the only American manufacturer of sintered rare earth magnets.
BHP
AU$49.80
BHP Group
7D
-5.7%
1Y
28.8%
S32
AU$4.41
South32
7D
-2.0%
1Y
24.9%
DVP
AU$4.63
Develop Global
7D
-8.1%
1Y
58.0%
MIN
AU$57.48
Mineral Resources
7D
4.1%
1Y
161.9%
NIC
AU$0.95
Nickel Industries
7D
5.5%
1Y
45.8%

NIC: Higher Commodity Price Decks Will Support Future Earnings Reset Narrative

Analysts have raised their price target on Nickel Industries to A$1.20 from A$1.10, reflecting updated commodity price assumptions. These updates flow through to slightly higher fair value, revenue growth, profit margin, and a lower future P/E in their models.
FRS
AU$0.53
Forrestania Resources
7D
-18.5%
1Y
1,863.0%
IMD
AU$3.92
Imdex
7D
-7.8%
1Y
37.5%

IMD: Future Returns Will Reflect Neutral Coverage And Execution Dependent Upside

Analysts have raised their Imdex fair value estimate from A$3.64 to A$4.35, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E multiples following recent Street coverage that began with a neutral stance. Analyst Commentary Street coverage initiating with a neutral stance, alongside the higher A$4.35 fair value estimate, reflects a mix of optimism about Imdex’s opportunity set and caution around execution and valuation.
PRN
AU$1.99
Perenti
7D
-6.4%
1Y
55.1%

PRN: Updated Guidance And Higher P/E Multiple Will Shape Fairly Balanced Outlook

Analysts have lifted their price target on Perenti from A$2.39 to A$2.50, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Perenti issued revised earnings guidance for fiscal 2026, now expecting revenue between $3.45b and $3.55b, compared with the prior range of $3.45b to $3.65b (Corporate guidance).
PLS
AU$4.89
PLS Group
7D
2.7%
1Y
168.7%

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).
SRL
AU$10.06
Sunrise Energy Metals
7D
18.6%
1Y
4,273.9%
VUL
AU$3.28
Vulcan Energy Resources
7D
-9.1%
1Y
-21.5%