Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Metals and Mining Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies686
  • 7D-4.9%
  • 3M7.3%
  • 1Y51.6%
  • YTD7.2%

Over the last 7 days, the Metals and Mining industry has dropped 4.9%, driven by BHP Group declining 3.9%. In the past year, the industry has gained 52%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026AU$678.3bAU$207.9bAU$26.1b11.3x25.9x3.3x
Mon, 25 May 2026AU$709.2bAU$203.6bAU$25.4b12.6x27.9x3.5x
Wed, 22 Apr 2026AU$705.6bAU$202.9bAU$25.5b13.7x27.7x3.5x
Fri, 20 Mar 2026AU$608.6bAU$204.9bAU$26.1b13.2x23.3x3x
Sun, 15 Feb 2026AU$678.6bAU$191.9bAU$18.9b24.2x35.8x3.5x
Tue, 13 Jan 2026AU$653.9bAU$196.9bAU$19.0b24.8x34.4x3.3x
Thu, 11 Dec 2025AU$599.2bAU$198.6bAU$19.0b21.8x31.6x3x
Sat, 08 Nov 2025AU$552.4bAU$201.8bAU$19.5b20x28.3x2.7x
Mon, 06 Oct 2025AU$556.6bAU$199.8bAU$19.0b21.8x29.2x2.8x
Wed, 03 Sep 2025AU$516.9bAU$202.3bAU$19.5b15.7x26.6x2.6x
Fri, 01 Aug 2025AU$455.8bAU$206.1bAU$21.9b13.6x20.8x2.2x
Sun, 29 Jun 2025AU$439.9bAU$204.4bAU$21.6b12.9x20.3x2.2x
Tue, 27 May 2025AU$448.8bAU$204.7bAU$21.6b12.4x20.7x2.2x
Thu, 24 Apr 2025AU$421.8bAU$206.9bAU$22.0b11.9x19.2x2x
Sat, 22 Mar 2025AU$433.8bAU$209.6bAU$22.3b11.4x19.4x2.1x
Mon, 17 Feb 2025AU$461.0bAU$213.0bAU$22.3b13.5x20.7x2.2x
Wed, 15 Jan 2025AU$447.2bAU$214.9bAU$21.8b11.9x20.5x2.1x
Fri, 13 Dec 2024AU$464.5bAU$209.8bAU$21.0b13x22.1x2.2x
Sun, 10 Nov 2024AU$475.1bAU$206.0bAU$20.6b12.1x23.1x2.3x
Tue, 08 Oct 2024AU$483.7bAU$201.9bAU$20.0b12x24.1x2.4x
Thu, 05 Sep 2024AU$412.5bAU$204.0bAU$19.9b12.9x20.7x2x
Sat, 03 Aug 2024AU$444.5bAU$211.7bAU$21.5b13.3x20.7x2.1x
Mon, 01 Jul 2024AU$461.9bAU$208.1bAU$20.7b13.4x22.3x2.2x
Wed, 29 May 2024AU$510.2bAU$209.3bAU$21.0b14.9x24.3x2.4x
Fri, 26 Apr 2024AU$499.5bAU$213.0bAU$21.6b13.7x23.1x2.3x
Sun, 24 Mar 2024AU$481.7bAU$214.3bAU$21.8b12.2x22.1x2.2x
Tue, 20 Feb 2024AU$500.8bAU$208.1bAU$30.3b11.9x16.5x2.4x
Thu, 18 Jan 2024AU$539.9bAU$223.7bAU$32.9b11.7x16.4x2.4x
Sat, 16 Dec 2023AU$567.7bAU$220.4bAU$32.2b11.1x17.6x2.6x
Mon, 13 Nov 2023AU$524.2bAU$228.2bAU$33.8b10.3x15.5x2.3x
Wed, 11 Oct 2023AU$516.8bAU$227.3bAU$33.9b10.3x15.3x2.3x
Fri, 08 Sep 2023AU$521.8bAU$228.0bAU$34.4b12.1x15.2x2.3x
Sun, 06 Aug 2023AU$545.9bAU$236.0bAU$49.4b9.5x11.1x2.3x
Tue, 04 Jul 2023AU$550.8bAU$233.9bAU$48.8b10.1x11.3x2.4x
Price to Earnings Ratio

11.3x


Total Market Cap: AU$550.8bTotal Earnings: AU$48.8bTotal Revenue: AU$233.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 22.3x202420252026
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 25.9x which is higher than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 19% per year over the last three years,
  • Revenues have also declined 3.8% 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-0.91%
Materials-4.38%
Metals and Mining-4.91%
Aluminum-2.21%
Steel-2.61%
Diversified Metals and Mining-4.92%
Gold-5.91%
Precious Metals and Minerals-7.66%
Copper-8.87%
Silver-9.90%
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 28.4%, which is lower than the prior year's growth of 111.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 28% over the next 5 years.
  • However this is lower than its past earnings growth rate of 111% per year.
  • In contrast, the Silver industry is expected to see its earnings decline by 5.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LYC Lynas Rare EarthsAU$18.542.0%
+AU$362.3m		108.8%PE226.6x
LIN Lindian ResourcesAU$0.9211.5%
+AU$173.8m		848.5%PB11.3x
BCI BCI MineralsAU$0.4115.7%
+AU$161.6m		15.7%PS311.3x
BSL BlueScope SteelAU$33.460.7%
+AU$96.3m		45.0%PE51x
DRR Deterra RoyaltiesAU$4.583.4%
+AU$79.4m		21.2%PE13.6x

Latest News

BHP
AU$58.99
BHP Group
7D
-3.9%
1Y
57.2%
BCI
AU$0.41
BCI Minerals
7D
15.7%
1Y
15.7%
Narrative Update • Jun 26

BCI: Higher Revenue Outlook Will Support A Stronger Future Earnings Multiple

Analysts have lifted their fair value estimate for BCI Minerals from A$0.50 to A$0.63 per share, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E. What’s in the News for BCI Minerals No recent company specific news items for BCI Minerals were provided in the supplied sources.
LTR
AU$1.66
Liontown
7D
-16.2%
1Y
130.6%
Narrative Update • Jun 25

LTR: Production Ramp At Kathleen Valley Will Support Re Rating

The analyst price target for Liontown has shifted from A$2.03 to A$2.12, with analysts citing updated assumptions around fair value, discount rates, revenue growth, profit margins and future P/E multiples in light of recent research coverage. What’s in the News for Liontown Liontown Resources is advancing its transition into production at the Kathleen Valley lithium project in Western Australia, with underground operations ramping toward an annualized mining run rate of 1.5 million tonnes per annum.
PDI
AU$0.72
Predictive Discovery
7D
-23.8%
1Y
89.5%
PLS
AU$5.04
PLS Group
7D
-14.3%
1Y
266.5%
S32
AU$3.91
South32
7D
-5.3%
1Y
33.0%
BSL
AU$33.46
BlueScope Steel
7D
0.7%
1Y
45.0%
MIN
AU$63.14
Mineral Resources
7D
-8.7%
1Y
197.5%
INR
AU$0.15
ioneer
7D
7.1%
1Y
54.6%
FMG
AU$19.07
Fortescue
7D
-3.4%
1Y
23.4%
Narrative Update • Jun 24

FMG: Green Shipping Plans And Native Title Ruling Will Shape Future Returns

Fortescue's analyst price target has been revised slightly higher to A$19.23 from A$18.91. Analysts point to modest tweaks in the discount rate, long term revenue and margin assumptions, as well as a lower future P/E multiple in their updated models.
LYC
AU$18.54
Lynas Rare Earths
7D
2.0%
1Y
108.8%
Narrative Update • Jun 23

LYC: Long Dated Supply Contracts And Operational Issues Will Cap Rare Earth Upside

Analysts have made a small adjustment to Lynas Rare Earths' fair value estimate, with the target moving from A$10.03 to about A$10.00. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples.
LIN
AU$0.92
Lindian Resources
7D
11.5%
1Y
848.5%
GGP
AU$12.12
Greatland Resources
7D
-10.8%
1Y
68.6%
MMI
AU$1.74
Metro Mining
7D
6.1%
1Y
31.4%
Narrative Update • Jun 16

MMI: Stock Split And 2026 Shipment Guidance Will Support Future Upside

Analysts have kept their A$ price target for Metro Mining steady, making only minor model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. As a result, the headline valuation story remains effectively unchanged for you.
DRR
AU$4.58
Deterra Royalties
7D
3.4%
1Y
21.2%
Narrative Update • Jun 05

DRR: Royalty Cash Flows And Lithium Optionality Will Support A Balanced Outlook

Analysts have increased their A$ fair value estimate for Deterra Royalties from A$4.56 to A$4.65, citing a refreshed view on discount rates, revenue trends, profit margins, and future P/E assumptions following recent Street research. What's in the News J.P. Morgan maintained its Buy rating on Deterra Royalties with a price target of A$5.20, while Morgans also kept a Buy rating with a price target of A$5.10, following recent research coverage.
SLS
AU$2.02
Solstice Minerals
7D
23.2%
1Y
676.9%