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Australian (ASX) Metals and Mining Industry Analysis
UpdatedOct 03, 2025
DataAggregated Company Financials
Companies672
- 7D3.7%
- 3M22.7%
- 1Y13.2%
- YTD25.3%
Over the last 7 days, the Metals and Mining industry has risen 3.7%, driven by gains from Northern Star Resources of 7.3%. In the last 12 months, the industry was up 13%. Looking forward, earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Fri, 03 Oct 2025 | AU$554.4b | AU$199.8b | AU$18.9b | 22.1x | 29.4x | 2.8x |
| Sun, 31 Aug 2025 | AU$514.9b | AU$201.5b | AU$19.4b | 15.6x | 26.6x | 2.6x |
| Tue, 29 Jul 2025 | AU$471.3b | AU$204.4b | AU$21.6b | 13.1x | 21.8x | 2.3x |
| Thu, 26 Jun 2025 | AU$429.1b | AU$205.0b | AU$21.7b | 12.7x | 19.8x | 2.1x |
| Sat, 24 May 2025 | AU$445.0b | AU$205.7b | AU$21.8b | 12.4x | 20.4x | 2.2x |
| Mon, 21 Apr 2025 | AU$422.0b | AU$207.7b | AU$22.2b | 11.8x | 19x | 2x |
| Wed, 19 Mar 2025 | AU$438.2b | AU$208.0b | AU$22.2b | 11.7x | 19.8x | 2.1x |
| Fri, 14 Feb 2025 | AU$460.3b | AU$215.0b | AU$22.7b | 13.4x | 20.3x | 2.1x |
| Sun, 12 Jan 2025 | AU$441.5b | AU$215.8b | AU$21.9b | 12x | 20.1x | 2x |
| Tue, 10 Dec 2024 | AU$452.3b | AU$208.9b | AU$20.9b | 12.5x | 21.6x | 2.2x |
| Thu, 07 Nov 2024 | AU$470.6b | AU$206.5b | AU$20.7b | 12x | 22.8x | 2.3x |
| Sat, 05 Oct 2024 | AU$478.4b | AU$200.9b | AU$19.9b | 12.1x | 24.1x | 2.4x |
| Mon, 02 Sep 2024 | AU$440.9b | AU$202.6b | AU$19.7b | 13.3x | 22.4x | 2.2x |
| Wed, 31 Jul 2024 | AU$443.2b | AU$210.8b | AU$21.1b | 13.2x | 21.1x | 2.1x |
| Fri, 28 Jun 2024 | AU$465.6b | AU$208.3b | AU$20.7b | 13.3x | 22.5x | 2.2x |
| Sun, 26 May 2024 | AU$508.1b | AU$210.2b | AU$21.1b | 15x | 24.1x | 2.4x |
| Tue, 23 Apr 2024 | AU$496.2b | AU$215.0b | AU$21.9b | 13.5x | 22.7x | 2.3x |
| Thu, 21 Mar 2024 | AU$480.5b | AU$214.2b | AU$21.8b | 11.9x | 22x | 2.2x |
| Sat, 17 Feb 2024 | AU$498.5b | AU$209.0b | AU$30.5b | 11.8x | 16.3x | 2.4x |
| Mon, 15 Jan 2024 | AU$556.6b | AU$221.1b | AU$32.4b | 12.1x | 17.2x | 2.5x |
| Wed, 13 Dec 2023 | AU$543.6b | AU$223.1b | AU$32.8b | 10.4x | 16.6x | 2.4x |
| Fri, 10 Nov 2023 | AU$524.5b | AU$227.3b | AU$33.7b | 10.1x | 15.6x | 2.3x |
| Sun, 08 Oct 2023 | AU$511.8b | AU$227.7b | AU$33.9b | 9.8x | 15.1x | 2.2x |
| Tue, 05 Sep 2023 | AU$540.7b | AU$225.7b | AU$34.1b | 11.7x | 15.9x | 2.4x |
| Thu, 03 Aug 2023 | AU$547.6b | AU$235.6b | AU$49.2b | 9.5x | 11.1x | 2.3x |
| Sat, 01 Jul 2023 | AU$543.9b | AU$234.7b | AU$49.0b | 10x | 11.1x | 2.3x |
| Mon, 29 May 2023 | AU$521.7b | AU$237.0b | AU$49.8b | 9.7x | 10.5x | 2.2x |
| Wed, 26 Apr 2023 | AU$544.0b | AU$234.6b | AU$49.2b | 9.6x | 11.1x | 2.3x |
| Fri, 24 Mar 2023 | AU$512.5b | AU$228.1b | AU$47.6b | 9.3x | 10.8x | 2.2x |
| Sun, 19 Feb 2023 | AU$562.8b | AU$225.5b | AU$51.1b | 11x | 11x | 2.5x |
| Tue, 17 Jan 2023 | AU$581.6b | AU$223.8b | AU$51.3b | 11.9x | 11.3x | 2.6x |
| Thu, 15 Dec 2022 | AU$545.5b | AU$226.2b | AU$52.0b | 11.3x | 10.5x | 2.4x |
| Sat, 12 Nov 2022 | AU$516.4b | AU$232.5b | AU$54.0b | 10.3x | 9.6x | 2.2x |
| Mon, 10 Oct 2022 | AU$487.0b | AU$237.1b | AU$55.4b | 9.4x | 8.8x | 2.1x |
Price to Earnings Ratio
8.8x
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 29.4x which is higher than its 3-year average PE of 17.6x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.8x.
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 5.5% 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 | 2.01% | |
| Materials | 3.69% | |
| Metals and Mining | 3.68% | |
| Silver | 20.21% | |
| Gold | 9.56% | |
| Copper | 8.72% | |
| Precious Metals and Minerals | 4.06% | |
| Diversified Metals and Mining | 1.82% | |
| Steel | 0.72% | |
| Aluminum | -1.22% | |
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 growth to stay flat 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$24.41 | 7.3% +AU$2.4b | 53.5% | PE26x | |
| EVN Evolution Mining | AU$10.98 | 6.8% +AU$1.4b | 137.7% | PE23.9x | |
| LYC Lynas Rare Earths | AU$18.06 | 6.9% +AU$1.2b | 137.3% | PE2243.9x | |
| WGX Westgold Resources | AU$5.51 | 27.5% +AU$1.1b | 120.4% | PE149.8x | |
| RMS Ramelius Resources | AU$4.00 | 9.3% +AU$650.8m | 86.9% | PE16.1x |
