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Australian (ASX) Metals and Mining Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies688
  • 7D-6.1%
  • 3M4.1%
  • 1Y47.3%
  • YTD8.1%

Over the last 7 days, the Metals and Mining industry has dropped 6.1%, driven by a pullback from BHP Group of 3.2%. In the past year, the industry has gained 47%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026AU$683.9bAU$206.2bAU$25.9b11.3x26.4x3.3x
Sun, 10 May 2026AU$711.6bAU$201.6bAU$25.3b13.3x28.1x3.5x
Tue, 07 Apr 2026AU$648.0bAU$207.2bAU$26.2b12.8x24.7x3.1x
Thu, 05 Mar 2026AU$712.7bAU$202.8bAU$24.7b19.4x28.8x3.5x
Sat, 31 Jan 2026AU$685.7bAU$191.5bAU$18.3b26.2x37.5x3.6x
Mon, 29 Dec 2025AU$629.1bAU$196.8bAU$19.1b23x33x3.2x
Wed, 26 Nov 2025AU$563.2bAU$201.6bAU$19.2b20.9x29.3x2.8x
Fri, 24 Oct 2025AU$572.5bAU$201.8bAU$19.3b23x29.6x2.8x
Sun, 21 Sep 2025AU$509.7bAU$200.5bAU$19.1b17.9x26.6x2.5x
Tue, 19 Aug 2025AU$500.5bAU$204.7bAU$21.3b15.2x23.5x2.4x
Thu, 17 Jul 2025AU$457.9bAU$204.3bAU$21.6b13.8x21.2x2.2x
Sat, 14 Jun 2025AU$449.7bAU$205.6bAU$21.8b12.9x20.6x2.2x
Mon, 12 May 2025AU$437.4bAU$206.5bAU$21.9b12.4x20x2.1x
Wed, 09 Apr 2025AU$395.1bAU$215.4bAU$23.5b11.2x16.8x1.8x
Fri, 07 Mar 2025AU$428.6bAU$207.9bAU$22.2b12.4x19.3x2.1x
Sun, 02 Feb 2025AU$451.8bAU$214.0bAU$21.6b13.4x21x2.1x
Tue, 31 Dec 2024AU$438.1bAU$213.5bAU$21.6b12.9x20.3x2.1x
Thu, 28 Nov 2024AU$447.6bAU$208.1bAU$20.8b11.7x21.5x2.2x
Sat, 26 Oct 2024AU$473.1bAU$205.0bAU$20.5b13.5x23.1x2.3x
Mon, 23 Sep 2024AU$437.3bAU$201.8bAU$20.1b12.5x21.8x2.2x
Wed, 21 Aug 2024AU$431.0bAU$206.6bAU$20.8b12.3x20.7x2.1x
Fri, 19 Jul 2024AU$471.1bAU$206.6bAU$20.5b14.3x23x2.3x
Sun, 16 Jun 2024AU$472.4bAU$210.1bAU$21.0b13.9x22.5x2.2x
Tue, 14 May 2024AU$497.0bAU$210.6bAU$21.1b14.9x23.5x2.4x
Thu, 11 Apr 2024AU$506.6bAU$212.0bAU$21.3b13.2x23.8x2.4x
Sat, 09 Mar 2024AU$492.3bAU$211.0bAU$21.9b12.8x22.5x2.3x
Mon, 05 Feb 2024AU$556.5bAU$224.8bAU$33.2b11.8x16.8x2.5x
Wed, 03 Jan 2024AU$590.1bAU$218.7bAU$31.9b12.7x18.5x2.7x
Fri, 01 Dec 2023AU$538.0bAU$222.9bAU$32.7b10.8x16.4x2.4x
Sun, 29 Oct 2023AU$554.4bAU$246.5bAU$32.9b10.2x16.8x2.2x
Tue, 26 Sep 2023AU$519.9bAU$226.4bAU$33.9b11.1x15.4x2.3x
Thu, 24 Aug 2023AU$527.5bAU$228.6bAU$40.4b10.2x13.1x2.3x
Sat, 22 Jul 2023AU$548.6bAU$231.6bAU$48.2b9.9x11.4x2.4x
Mon, 19 Jun 2023AU$558.7bAU$228.8bAU$47.4b10x11.8x2.4x
Price to Earnings Ratio

11.8x


Total Market Cap: AU$558.7bTotal Earnings: AU$47.4bTotal Revenue: AU$228.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 22.1x202420252026
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 26.4x which is higher than its 3-year average PE of 22.1x.
  • 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 18% per year over the last three years,
  • Revenues have also declined 3.4% 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-0.90%
Materials-5.78%
Metals and Mining-6.09%
Diversified Metals and Mining-4.71%
Steel-5.10%
Aluminum-6.54%
Copper-7.60%
Silver-7.67%
Precious Metals and Minerals-9.55%
Gold-11.11%
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 26.8%, which is lower than the prior year's growth of 111.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Gold industry, expecting annual earnings growth of 27% over the next 5 years.
  • However this is lower than its past earnings growth rate of 92% 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
BSL BlueScope SteelAU$33.161.5%
+AU$210.2m		47.2%PE50.5x
LIN Lindian ResourcesAU$0.843.0%
+AU$45.7m		576.0%PB10.4x
ORN Orion MineralsAU$0.02210.0%
+AU$16.5m		100.0%PS524.7x
VYS VysarnAU$0.983.2%
+AU$15.8m		125.3%PE35.9x
ZNC Zenith MineralsAU$0.1129.4%
+AU$15.0m		182.1%PS225.3x

Latest News

SGM
AU$29.12
Sims
7D
5.9%
1Y
89.7%
NST
AU$19.26
Northern Star Resources
7D
-3.1%
1Y
-14.5%
CMM
AU$12.02
Capricorn Metals
7D
-5.8%
1Y
17.6%
OBM
AU$1.11
Ora Banda Mining
7D
-13.7%
1Y
5.7%
EMR
AU$5.36
Emerald Resources
7D
-8.7%
1Y
14.0%
BHP
AU$62.93
BHP Group
7D
2.8%
1Y
68.5%
LYC
AU$17.77
Lynas Rare Earths
7D
-2.1%
1Y
97.4%
ELV
AU$11.98
Elevra Lithium
7D
8.6%
1Y
432.4%
DVP
AU$6.92
Develop Global
7D
8.3%
1Y
47.2%
FMG
AU$20.21
Fortescue
7D
-1.6%
1Y
28.5%
Narrative Update • Jun 04

FMG: Renewable Push And Legal Compensation Will Pressure Future Returns

Analysts have trimmed their price target for Fortescue from about A$19.56 to around A$18.91, reflecting slightly higher assumed discount rates and modestly softer long term profit margins and P/E expectations in their models. What's in the News Fortescue has started building the 690MW Turner River solar farm in Western Australia's Pilbara region as part of its Pilbara Green Grid renewable energy initiative, source: recent company news.
PLS
AU$6.52
PLS Group
7D
10.3%
1Y
384.8%
Narrative Update • Jun 02

PLS: Record High Share Price Will Face Future P/E Headwinds

Analysts have nudged their fair value estimate for PLS Group from A$4.78 to A$5.55, reflecting updated assumptions around discount rates, long term revenue growth, profit margins and a higher future P/E multiple. What's in the News PLS Group shares reached an all time high after a 12 month rally, supported by strong lithium market conditions and higher production capacity.
S32
AU$4.52
South32
7D
-2.4%
1Y
53.7%
Narrative Update • Jun 02

S32: Citi Upgrade And Hermosa Progress Will Shape Balanced Future Prospects

Analysts have lifted their South32 price target to A$3.00 from A$2.80, reflecting updated assumptions for slightly higher fair value, discount rate, revenue growth, profit margin and a modestly lower future P/E multiple. Analyst Commentary Recent research has focused on how updated assumptions feed into South32's valuation, with the higher price targets pointing to a reassessment of fair value rather than a change in rating stance in some cases.
SFR
AU$19.83
Sandfire Resources
7D
2.9%
1Y
75.2%
Narrative Update • May 30

SFR: Fair Outlook Will Rely On Margins And Refined P/E Framework

Analysts have lifted their fair value estimate for Sandfire Resources from A$18.79 to A$19.05, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E. Analyst Commentary Analysts reviewing Sandfire Resources are focusing on how the updated assumptions for discount rates, revenue growth, profit margins and future P/E feed into the revised fair value estimate of A$19.05.
GGP
AU$12.24
Greatland Resources
7D
-7.0%
1Y
n/a
MI6
AU$0.86
Minerals 260
7D
11.0%
1Y
561.5%
LIN
AU$0.91
Lindian Resources
7D
19.0%
1Y
642.9%