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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies472
  • 7D1.5%
  • 3M10.9%
  • 1Y56.8%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has risen 1.5%, driven by gains from BHP Group of 1.7%. Meanwhile, Mineral Resources actually underperformed within the industry, shrinking 7.1% in the last week. This takes the industry's 12 month performance to a gain of 57%. 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
Sun, 05 Apr 2026AU$395.2bAU$112.0bAU$13.8b12.7x28.7x3.5x
Tue, 03 Mar 2026AU$444.1bAU$108.6bAU$12.5b19.3x35.4x4.1x
Thu, 29 Jan 2026AU$402.0bAU$104.7bAU$8.8b21.7x45.7x3.8x
Sat, 27 Dec 2025AU$352.0bAU$108.5bAU$9.4b21.2x37.6x3.2x
Mon, 24 Nov 2025AU$312.8bAU$112.5bAU$9.7b16.6x32.4x2.8x
Wed, 22 Oct 2025AU$338.1bAU$111.9bAU$9.6b19.2x35.2x3x
Fri, 19 Sep 2025AU$293.5bAU$109.8bAU$9.2b14.3x32x2.7x
Sun, 17 Aug 2025AU$302.5bAU$117.1bAU$11.9b13.4x25.5x2.6x
Tue, 15 Jul 2025AU$278.3bAU$116.2bAU$11.7b13.6x23.8x2.4x
Thu, 12 Jun 2025AU$268.8bAU$117.1bAU$11.8b12.5x22.7x2.3x
Sat, 10 May 2025AU$254.7bAU$118.7bAU$12.1b11.7x21x2.1x
Mon, 07 Apr 2025AU$245.6bAU$124.6bAU$13.1b11.3x18.7x2x
Wed, 05 Mar 2025AU$273.9bAU$121.4bAU$12.5b11x22x2.3x
Fri, 31 Jan 2025AU$278.5bAU$124.1bAU$9.1b13.4x30.6x2.2x
Sun, 29 Dec 2024AU$278.0bAU$124.3bAU$9.2b13.4x30.3x2.2x
Tue, 26 Nov 2024AU$285.3bAU$119.7bAU$8.6b11.7x33.1x2.4x
Thu, 24 Oct 2024AU$300.3bAU$117.6bAU$8.4b13.3x35.6x2.6x
Sat, 21 Sep 2024AU$282.4bAU$115.6bAU$8.2b14.3x34.3x2.4x
Mon, 19 Aug 2024AU$279.9bAU$120.6bAU$9.1b15x30.7x2.3x
Wed, 17 Jul 2024AU$304.7bAU$119.5bAU$9.0b15.6x33.7x2.5x
Fri, 14 Jun 2024AU$308.0bAU$120.9bAU$9.2b15.2x33.5x2.5x
Sun, 12 May 2024AU$316.7bAU$121.6bAU$9.2b14.7x34.3x2.6x
Tue, 09 Apr 2024AU$318.5bAU$123.4bAU$9.2b14.2x34.5x2.6x
Thu, 07 Mar 2024AU$319.1bAU$124.2bAU$9.7b15.5x32.8x2.6x
Sat, 03 Feb 2024AU$339.9bAU$127.8bAU$21.0b9.6x16.2x2.7x
Mon, 01 Jan 2024AU$373.6bAU$124.7bAU$20.4b10.8x18.4x3x
Wed, 29 Nov 2023AU$339.0bAU$127.7bAU$20.9b9.8x16.2x2.7x
Fri, 27 Oct 2023AU$335.9bAU$132.7bAU$21.9b9.7x15.3x2.5x
Sun, 24 Sep 2023AU$341.0bAU$130.2bAU$21.7b8.4x15.7x2.6x
Tue, 22 Aug 2023AU$343.6bAU$141.7bAU$35.3b8.4x9.7x2.4x
Thu, 20 Jul 2023AU$360.8bAU$135.5bAU$33.7b9x10.7x2.7x
Sat, 17 Jun 2023AU$370.5bAU$133.8bAU$33.3b8.9x11.1x2.8x
Mon, 15 May 2023AU$355.4bAU$137.5bAU$34.2b8.5x10.4x2.6x
Wed, 12 Apr 2023AU$360.3bAU$137.3bAU$34.1b8.6x10.6x2.6x
Price to Earnings Ratio

10.6x


Total Market Cap: AU$360.3bTotal Earnings: AU$34.1bTotal Revenue: AU$137.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 26.1x202420252026
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 26.1x.
  • 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 6.6% 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 Market0.63%
Materials2.89%
Metals and Mining2.98%
Diversified Metals and Mining1.49%
Gold9.50%
Precious Metals and Minerals2.70%
Copper2.48%
Aluminum1.53%
Silver1.52%
Steel-0.53%
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$51.231.7%
+AU$4.4b		39.1%PE17.5x
S32 South32AU$4.429.7%
+AU$1.7b		57.3%PE34.6x
IPX IperionXAU$3.7918.1%
+AU$196.8m		56.6%PB8.2x
MI6 Minerals 260AU$0.6812.5%
+AU$169.8m		n/aPB7.7x
ARU Arafura Rare EarthsAU$0.3011.1%
+AU$140.4m		93.5%PB2x

Latest News

S32
AU$4.42
South32
7D
9.7%
1Y
57.3%
LTR
AU$1.70
Liontown
7D
-4.0%
1Y
256.8%
IMD
AU$3.71
Imdex
7D
-2.4%
1Y
36.9%

IMD: Future Returns Will Reflect Neutral Views And Upcoming Franked Dividend Payment

Analysts have adjusted their price target on Imdex slightly to A$4.31 from A$4.35. This reflects updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E following recent research views from Jefferies and Goldman Sachs.
LYC
AU$19.41
Lynas Rare Earths
7D
-3.3%
1Y
165.5%

LYC: Revised Offtake Floor Price And Full Operations Will Support Rare Earth Upside

Analysts have lifted their price target on Lynas Rare Earths to A$26.00, citing the revised Lynas JARE offtake deal with its A$110/kg NdPr floor price and the capacity for additional higher return Western contracts as key supports for the updated assumptions on margins and valuation multiples. Analyst Commentary Bullish analysts are highlighting the revised Lynas JARE offtake deal and the company's operating position as key supports for more constructive views on the stock.
MIN
AU$52.68
Mineral Resources
7D
-7.1%
1Y
178.0%

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

Analysts have trimmed their price target for Mineral Resources slightly to reflect a new fair value estimate of about A$59.38 per share, compared with roughly A$59.85 previously, citing refreshed assumptions for the discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: A$59.38 per share, slightly below the previous estimate of A$59.85.
ETM
AU$0.054
Energy Transition Minerals
7D
-41.9%
1Y
-5.3%
PLS
AU$5.09
PLS Group
7D
-1.2%
1Y
272.9%

PLS: Lower Assumed Future P/E Will Constrain Share Price Upside

Analysts have lifted their price target for PLS Group to A$4.57 from A$3.00, reflecting updated assumptions for higher revenue growth, a stronger profit margin profile and a lower future P/E multiple. What's in the News PLS Group Limited added to the S&P/ASX 50 Index, increasing its visibility among large Australian equities (Key Developments).
LIN
AU$0.76
Lindian Resources
7D
-12.7%
1Y
686.5%
SRL
AU$8.70
Sunrise Energy Metals
7D
-3.7%
1Y
3,311.8%
BHP
AU$51.23
BHP Group
7D
1.7%
1Y
39.1%

BHP: Commodity Cycles And China Recovery Will Shape Fairly Valued Outlook

Analysts have adjusted the BHP Group fair value estimate slightly higher to A$52.50. This reflects refreshed price targets that balance updated revenue and margin assumptions with mixed views on commodity exposure and valuation.
IPX
AU$3.79
IperionX
7D
18.1%
1Y
56.6%
MI6
AU$0.68
Minerals 260
7D
12.5%
1Y
n/a
WA1
AU$14.71
WA1 Resources
7D
7.2%
1Y
24.0%
DVP
AU$4.52
Develop Global
7D
10.0%
1Y
90.7%
ARU
AU$0.30
Arafura Rare Earths
7D
11.1%
1Y
93.5%

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?
BCI
AU$0.41
BCI Minerals
7D
7.8%
1Y
80.4%