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Australian (ASX) Metals and Mining Industry Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies677
- 7D4.1%
- 3M14.3%
- 1Y28.4%
- YTD29.6%
In the last week, the Metals and Mining industry is up 4.1%, with Northern Star Resources leading the way, up 8.9%. Meanwhile, Coronado Global Resources actually underperformed within the industry, shrinking 20% in the last week. In the last 12 months, the industry was up 28%. Looking forward, earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Australian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Nov 2025 | AU$584.0b | AU$200.1b | AU$19.2b | 21.9x | 30.4x | 2.9x |
| Tue, 14 Oct 2025 | AU$563.5b | AU$200.9b | AU$19.4b | 21.6x | 29.1x | 2.8x |
| Thu, 11 Sep 2025 | AU$502.8b | AU$200.2b | AU$19.3b | 17x | 26x | 2.5x |
| Sat, 09 Aug 2025 | AU$482.9b | AU$204.3b | AU$21.6b | 14.5x | 22.4x | 2.4x |
| Mon, 07 Jul 2025 | AU$452.7b | AU$203.9b | AU$21.5b | 13.5x | 21x | 2.2x |
| Wed, 04 Jun 2025 | AU$444.2b | AU$205.8b | AU$21.8b | 12.7x | 20.4x | 2.2x |
| Fri, 02 May 2025 | AU$425.8b | AU$207.7b | AU$22.2b | 12.1x | 19.2x | 2x |
| Sun, 30 Mar 2025 | AU$438.0b | AU$209.6b | AU$22.1b | 11.9x | 19.8x | 2.1x |
| Tue, 25 Feb 2025 | AU$452.6b | AU$205.9b | AU$22.3b | 11.9x | 20.3x | 2.2x |
| Thu, 23 Jan 2025 | AU$453.2b | AU$212.5b | AU$21.5b | 12.6x | 21.1x | 2.1x |
| Sat, 21 Dec 2024 | AU$432.3b | AU$213.8b | AU$21.6b | 12.8x | 20x | 2x |
| Mon, 18 Nov 2024 | AU$442.3b | AU$208.6b | AU$20.9b | 11.6x | 21.2x | 2.1x |
| Wed, 16 Oct 2024 | AU$482.8b | AU$203.4b | AU$20.2b | 12.2x | 23.8x | 2.4x |
| Fri, 13 Sep 2024 | AU$420.5b | AU$204.6b | AU$20.0b | 13.5x | 21.1x | 2.1x |
| Sun, 11 Aug 2024 | AU$434.5b | AU$210.2b | AU$21.2b | 12.6x | 20.5x | 2.1x |
| Tue, 09 Jul 2024 | AU$471.9b | AU$206.7b | AU$20.5b | 13.8x | 23x | 2.3x |
| Thu, 06 Jun 2024 | AU$491.0b | AU$209.7b | AU$21.0b | 14.6x | 23.4x | 2.3x |
| Sat, 04 May 2024 | AU$490.2b | AU$211.3b | AU$21.4b | 14.1x | 22.9x | 2.3x |
| Mon, 01 Apr 2024 | AU$492.4b | AU$214.4b | AU$21.6b | 13.2x | 22.8x | 2.3x |
| Wed, 28 Feb 2024 | AU$485.4b | AU$211.7b | AU$21.8b | 11.9x | 22.3x | 2.3x |
| Fri, 26 Jan 2024 | AU$551.6b | AU$223.0b | AU$32.8b | 12x | 16.8x | 2.5x |
| Sun, 24 Dec 2023 | AU$580.1b | AU$218.7b | AU$31.9b | 11.7x | 18.2x | 2.7x |
| Tue, 21 Nov 2023 | AU$538.7b | AU$223.8b | AU$33.0b | 10.4x | 16.3x | 2.4x |
| Thu, 19 Oct 2023 | AU$531.7b | AU$228.1b | AU$34.0b | 10.6x | 15.6x | 2.3x |
| Sat, 16 Sep 2023 | AU$522.2b | AU$226.4b | AU$34.0b | 11.7x | 15.3x | 2.3x |
| Mon, 14 Aug 2023 | AU$542.1b | AU$237.2b | AU$49.4b | 9.6x | 11x | 2.3x |
| Wed, 12 Jul 2023 | AU$539.2b | AU$233.6b | AU$48.7b | 10.3x | 11.1x | 2.3x |
| Fri, 09 Jun 2023 | AU$535.1b | AU$233.2b | AU$48.7b | 10.1x | 11x | 2.3x |
| Sun, 07 May 2023 | AU$541.7b | AU$231.7b | AU$48.4b | 9.8x | 11.2x | 2.3x |
| Tue, 04 Apr 2023 | AU$550.9b | AU$228.1b | AU$47.5b | 9.3x | 11.6x | 2.4x |
| Thu, 02 Mar 2023 | AU$549.2b | AU$226.4b | AU$47.9b | 9.3x | 11.5x | 2.4x |
| Sat, 28 Jan 2023 | AU$587.4b | AU$220.7b | AU$50.4b | 11.9x | 11.7x | 2.7x |
| Mon, 26 Dec 2022 | AU$534.0b | AU$229.5b | AU$53.0b | 10.7x | 10.1x | 2.3x |
| Wed, 23 Nov 2022 | AU$523.2b | AU$232.7b | AU$54.0b | 10.6x | 9.7x | 2.2x |
Price to Earnings Ratio
9.7x
Current Industry PE
- Investors are optimistic on the Australian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 30.4x which is higher than its 3-year average PE of 18.5x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 29% per year over the last three years,
- Revenues have also declined 4.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Australian Materials industry?
| AU Market | -1.55% | |
| Materials | 4.04% | |
| Metals and Mining | 4.09% | |
| Silver | 9.63% | |
| Gold | 7.38% | |
| Precious Metals and Minerals | 6.54% | |
| Aluminum | 4.30% | |
| Copper | 4.05% | |
| Diversified Metals and Mining | 3.60% | |
| Steel | 0.48% | |
Industry PE
- Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 21.4% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Gold industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 97% per year.
- In contrast, the Silver industry is expected to see its earnings decline by 35% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NST Northern Star Resources | AU$26.50 | 8.9% +AU$3.1b | 67.2% | PE28.3x | |
| PLS Pilbara Minerals | AU$3.82 | 30.4% +AU$2.9b | 20.9% | PS16x | |
| EVN Evolution Mining | AU$11.57 | 8.5% +AU$1.8b | 150.4% | PE25.4x | |
| MIN Mineral Resources | AU$50.74 | 19.2% +AU$1.6b | 51.3% | PS2.2x | |
| IGO IGO | AU$6.73 | 34.9% +AU$1.3b | 32.2% | PS9.6x |
