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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies469
  • 7D-2.6%
  • 3M13.2%
  • 1Y38.4%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 2.6%, driven by BHP Group declining 3.6%. In contrast, Minerals 260 has gained 6.3%. Over the past 12 months, the industry was up 38%. Looking forward, 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
Wed, 18 Mar 2026AU$384.3bAU$109.4bAU$13.7b12.4x28x3.5x
Fri, 13 Feb 2026AU$400.4bAU$103.2bAU$8.7b20.9x46.1x3.9x
Sun, 11 Jan 2026AU$373.7bAU$108.8bAU$9.4b21.2x39.8x3.4x
Tue, 09 Dec 2025AU$338.4bAU$110.1bAU$9.3b19.6x36.4x3.1x
Thu, 06 Nov 2025AU$315.2bAU$112.2bAU$9.6b17.3x32.7x2.8x
Sat, 04 Oct 2025AU$317.8bAU$110.6bAU$9.4b19.1x34x2.9x
Mon, 01 Sep 2025AU$310.0bAU$111.5bAU$9.2b15.9x33.5x2.8x
Wed, 30 Jul 2025AU$285.3bAU$117.0bAU$11.8b13.1x24.1x2.4x
Fri, 27 Jun 2025AU$252.4bAU$116.6bAU$11.8b11.7x21.4x2.2x
Sun, 25 May 2025AU$261.9bAU$117.3bAU$11.9b12.2x22x2.2x
Tue, 22 Apr 2025AU$247.3bAU$118.4bAU$12.1b11.2x20.5x2.1x
Thu, 20 Mar 2025AU$270.6bAU$120.0bAU$12.2b11.6x22.1x2.3x
Sat, 15 Feb 2025AU$287.1bAU$123.2bAU$9.6b12.9x29.9x2.3x
Mon, 13 Jan 2025AU$279.9bAU$125.5bAU$9.2b12.9x30.3x2.2x
Wed, 11 Dec 2024AU$292.7bAU$121.3bAU$8.8b12.6x33.2x2.4x
Fri, 08 Nov 2024AU$304.4bAU$117.8bAU$8.5b11.9x35.9x2.6x
Sun, 06 Oct 2024AU$314.1bAU$115.5bAU$8.2b11.8x38.4x2.7x
Tue, 03 Sep 2024AU$282.6bAU$116.2bAU$8.3b12.9x34x2.4x
Thu, 01 Aug 2024AU$295.7bAU$123.2bAU$9.4b15.6x31.5x2.4x
Sat, 29 Jun 2024AU$301.5bAU$120.8bAU$9.2b15.2x32.9x2.5x
Mon, 27 May 2024AU$325.6bAU$121.2bAU$9.2b16x35.3x2.7x
Wed, 24 Apr 2024AU$325.6bAU$124.0bAU$9.4b12.9x34.5x2.6x
Fri, 22 Mar 2024AU$316.2bAU$123.4bAU$9.3b13.6x33.9x2.6x
Sun, 18 Feb 2024AU$322.0bAU$122.8bAU$19.7b10.3x16.3x2.6x
Tue, 16 Jan 2024AU$343.0bAU$126.9bAU$20.8b10.1x16.5x2.7x
Thu, 14 Dec 2023AU$342.6bAU$128.6bAU$21.1b9.9x16.2x2.7x
Sat, 11 Nov 2023AU$334.6bAU$131.9bAU$21.8b9.8x15.4x2.5x
Mon, 09 Oct 2023AU$333.6bAU$131.3bAU$21.7b9.8x15.4x2.5x
Wed, 06 Sep 2023AU$358.5bAU$131.5bAU$21.9b10.5x16.3x2.7x
Fri, 04 Aug 2023AU$359.2bAU$139.5bAU$34.9b8.4x10.3x2.6x
Sun, 02 Jul 2023AU$359.8bAU$137.3bAU$34.2b8.7x10.5x2.6x
Tue, 30 May 2023AU$350.8bAU$139.3bAU$34.8b8.2x10.1x2.5x
Thu, 27 Apr 2023AU$350.2bAU$138.0bAU$34.3b8.4x10.2x2.5x
Sat, 25 Mar 2023AU$340.3bAU$137.4bAU$34.3b8x9.9x2.5x
Price to Earnings Ratio

9.9x


Total Market Cap: AU$340.3bTotal Earnings: AU$34.3bTotal Revenue: AU$137.4bTotal 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 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 25.8x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 26% per year over the last three years,
  • Revenues have also declined 7.3% 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-1.20%
Materials-3.33%
Metals and Mining-3.28%
Diversified Metals and Mining-2.56%
Steel2.76%
Aluminum-0.49%
Copper-1.69%
Gold-7.91%
Precious Metals and Minerals-11.36%
Silver-15.96%
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
MI6 Minerals 260AU$0.676.3%
+AU$91.2m		n/aPB7.6x
CTM Centaurus MetalsAU$0.597.2%
+AU$22.6m		54.5%PB12.2x
VTM Victory MetalsAU$1.5511.2%
+AU$20.4m		286.3%PS14207.3x
AZY Antipa MineralsAU$0.664.0%
+AU$16.6m		48.9%PS252.7x
PRG PRL GlobalAU$1.567.2%
+AU$11.6m		24.8%PE10.7x

Latest News

BHP
AU$50.09
BHP Group
7D
-3.6%
1Y
26.6%
BRE
AU$4.70
Brazilian Rare Earths
7D
-16.5%
1Y
161.1%
EQR
AU$0.29
EQ Resources
7D
-17.1%
1Y
574.4%
IPX
AU$4.05
IperionX
7D
-43.3%
1Y
27.8%
AZY
AU$0.66
Antipa Minerals
7D
4.0%
1Y
48.9%
PRG
AU$1.56
PRL Global
7D
7.2%
1Y
24.8%
MI6
AU$0.67
Minerals 260
7D
6.3%
1Y
n/a
S32
AU$4.18
South32
7D
-4.1%
1Y
15.8%
MIN
AU$54.30
Mineral Resources
7D
-10.0%
1Y
127.4%
CTM
AU$0.59
Centaurus Metals
7D
7.2%
1Y
54.5%
PLS
AU$4.59
PLS Group
7D
-6.3%
1Y
129.5%

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$7.36
IGO
7D
-7.3%
1Y
69.6%
LSR
AU$0.019
Lodestar Minerals
7D
58.3%
1Y
58.3%
PL3
AU$0.18
Patagonia Lithium
7D
38.5%
1Y
125.0%
GL1
AU$0.53
Global Lithium Resources
7D
6.1%
1Y
200.0%
VTM
AU$1.55
Victory Metals
7D
11.2%
1Y
286.3%