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Australian (ASX) Metals and Mining Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies673
  • 7D3.7%
  • 3M22.7%
  • 1Y13.4%
  • YTD19.5%

Over the last 7 days, the Metals and Mining industry has risen 3.7%, driven by gains from BHP Group of 4.3%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025AU$530.5bAU$200.3bAU$19.1b18.6x27.8x2.6x
Sat, 23 Aug 2025AU$499.6bAU$204.6bAU$19.1b14.3x26.2x2.4x
Mon, 21 Jul 2025AU$466.7bAU$204.6bAU$21.6b13.6x21.6x2.3x
Wed, 18 Jun 2025AU$446.0bAU$204.1bAU$21.6b12.9x20.7x2.2x
Fri, 16 May 2025AU$441.0bAU$206.9bAU$22.0b11.9x20x2.1x
Sun, 13 Apr 2025AU$406.7bAU$209.5bAU$22.5b11.5x18.1x1.9x
Tue, 11 Mar 2025AU$426.9bAU$208.1bAU$22.3b12.4x19.2x2.1x
Thu, 06 Feb 2025AU$454.5bAU$212.4bAU$21.4b13.2x21.3x2.1x
Sat, 04 Jan 2025AU$439.4bAU$213.9bAU$21.7b12.3x20.3x2.1x
Mon, 02 Dec 2024AU$453.3bAU$207.1bAU$20.7b12x21.9x2.2x
Wed, 30 Oct 2024AU$478.1bAU$206.5bAU$20.7b12.9x23.1x2.3x
Fri, 27 Sep 2024AU$468.5bAU$199.9bAU$19.9b13.4x23.5x2.3x
Sun, 25 Aug 2024AU$438.4bAU$205.4bAU$20.2b13.1x21.7x2.1x
Tue, 23 Jul 2024AU$458.0bAU$208.2bAU$20.7b13.6x22.1x2.2x
Thu, 20 Jun 2024AU$466.0bAU$208.8bAU$20.8b13.3x22.4x2.2x
Sat, 18 May 2024AU$512.4bAU$209.7bAU$21.0b15.2x24.4x2.4x
Mon, 15 Apr 2024AU$508.5bAU$214.1bAU$21.7b13.7x23.4x2.4x
Wed, 13 Mar 2024AU$478.6bAU$211.7bAU$22.0b12.9x21.8x2.3x
Fri, 09 Feb 2024AU$502.7bAU$210.6bAU$31.6b11.8x15.9x2.4x
Sun, 07 Jan 2024AU$567.6bAU$220.4bAU$32.3b12x17.6x2.6x
Tue, 05 Dec 2023AU$543.5bAU$221.8bAU$32.5b11x16.7x2.5x
Thu, 02 Nov 2023AU$521.9bAU$228.9bAU$34.2b10.4x15.3x2.3x
Sat, 30 Sep 2023AU$518.0bAU$226.2bAU$33.8b10.9x15.3x2.3x
Mon, 28 Aug 2023AU$519.8bAU$227.2bAU$37.6b10.6x13.8x2.3x
Wed, 26 Jul 2023AU$553.8bAU$231.3bAU$48.1b9.8x11.5x2.4x
Fri, 23 Jun 2023AU$554.7bAU$231.3bAU$48.1b9.9x11.5x2.4x
Sun, 21 May 2023AU$542.9bAU$233.8bAU$48.8b9.7x11.1x2.3x
Tue, 18 Apr 2023AU$565.7bAU$232.6bAU$48.6b9.7x11.6x2.4x
Thu, 16 Mar 2023AU$533.4bAU$229.8bAU$48.6b9.4x11x2.3x
Sat, 11 Feb 2023AU$569.7bAU$225.0bAU$52.1b11.7x10.9x2.5x
Mon, 09 Jan 2023AU$557.4bAU$225.7bAU$51.9b10.8x10.7x2.5x
Wed, 07 Dec 2022AU$553.8bAU$229.2bAU$52.9b11.2x10.5x2.4x
Fri, 04 Nov 2022AU$477.9bAU$237.3bAU$55.4b9.9x8.6x2x
Sun, 02 Oct 2022AU$463.5bAU$234.8bAU$55.1b8.4x8.4x2x
Price to Earnings Ratio

8.4x


Total Market Cap: AU$463.5bTotal Earnings: AU$55.1bTotal Revenue: AU$234.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 17.5x202320242025
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 27.8x which is higher than its 3-year average PE of 17.5x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 30% per year over the last three years,
  • Revenues have also declined 5.2% 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-0.36%
Materials3.29%
Metals and Mining3.69%
Silver14.50%
Precious Metals and Minerals14.23%
Gold10.53%
Copper2.27%
Diversified Metals and Mining1.58%
Steel0.81%
Aluminum-5.33%
Industry PE
  • Investors are most optimistic about the Precious Metals and Minerals industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 22% over the next 5 years.
  • In contrast, the Steel industry is expected to see its earnings decline by 2.8% 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
BHP BHP GroupAU$41.674.3%
+AU$8.6b		-3.9%PE15.5x
NST Northern Star ResourcesAU$22.6610.8%
+AU$3.1b		39.5%PE24.2x
LYC Lynas Rare EarthsAU$16.9916.3%
+AU$2.4b		120.6%PE2110.9x
EVN Evolution MiningAU$10.2711.5%
+AU$2.1b		121.3%PE22.3x
FMG FortescueAU$19.142.1%
+AU$1.2b		-1.3%PE11.5x

Latest News

MIN
AU$41.62
Mineral Resources
7D
8.1%
1Y
-3.5%
CAY
AU$0.26
Canyon Resources
7D
-11.9%
1Y
168.0%
CYL
AU$7.71
Catalyst Metals
7D
-6.3%
1Y
178.3%
NST
AU$22.66
Northern Star Resources
7D
10.8%
1Y
39.5%
LKY
AU$0.47
Locksley Resources
7D
-21.0%
1Y
1,858.3%
SGM
AU$13.59
Sims
7D
-2.3%
1Y
10.2%
VAU
AU$0.64
Vault Minerals
7D
-3.8%
1Y
84.1%
KGL
AU$0.15
KGL Resources
7D
-21.1%
1Y
50.0%
PRU
AU$4.70
Perseus Mining
7D
12.2%
1Y
75.4%
BHP
AU$41.67
BHP Group
7D
4.3%
1Y
-3.9%

Global Decarbonization And Asia Demand Will Underpin Durable Metals Performance

BHP Group's consensus price target was trimmed to A$42.33 as analysts cite valuation concerns amid reduced free cash flow yields, persistent cost pressures, and project execution risks, with the revision reflecting a more cautious outlook despite recent strong results. Analyst Commentary Mixed analyst sentiment with several downgrades to Neutral/Market Perform, citing valuation concerns after the recent share rally and reduced free cash flow yields.
LYC
AU$16.99
Lynas Rare Earths
7D
16.3%
1Y
120.6%
EVN
AU$10.27
Evolution Mining
7D
11.5%
1Y
121.3%
FMG
AU$19.14
Fortescue
7D
2.1%
1Y
-1.3%

Returns On Capital Signal Tricky Times Ahead For Fortescue (ASX:FMG)

Sep 14
Returns On Capital Signal Tricky Times Ahead For Fortescue (ASX:FMG)
SFR
AU$13.65
Sandfire Resources
7D
10.8%
1Y
31.6%

Motheo Copper Mine And MATSA Will Secure Future Supply

Sandfire Resources’ future P/E has risen sharply while revenue growth forecasts have weakened, suggesting a less favorable earnings outlook, though the consensus price target has only edged up slightly to A$11.87. Valuation Changes Summary of Valuation Changes for Sandfire Resources The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from A$11.69 to A$11.87.
DRR
AU$3.97
Deterra Royalties
7D
-4.1%
1Y
0.5%
CRN
AU$0.31
Coronado Global Resources
7D
-16.2%
1Y
-73.2%

Mammoth And Buchanan Expansion Will Drive Mixed Metallurgical Coal Trends

Despite the consensus analyst price target for Coronado Global Resources remaining unchanged at A$0.224, a sharp rise in the future P/E ratio from 6.40x to 9.80x suggests a deterioration in earnings expectations relative to valuation. What's in the News Coronado is preparing to launch a formal asset sale process, opening a data room for potential buyers to acquire 20–30% stakes in either the Curragh or Buchanan mines, following failed talks with JSW Steel and Tata Steel.