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Australian (ASX) Metals and Mining Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies688
  • 7D-9.5%
  • 3M1.4%
  • 1Y45.5%
  • YTD7.6%

Over the last 7 days, the Metals and Mining industry has dropped 9.5%, driven by a pullback from BHP Group of 3.2%. Over the past 12 months, the industry was up 46%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026AU$681.1bAU$206.0bAU$25.8b11.3x26.4x3.3x
Sat, 09 May 2026AU$711.6bAU$201.6bAU$25.3b13.3x28.1x3.5x
Mon, 06 Apr 2026AU$648.0bAU$207.8bAU$26.3b12.8x24.6x3.1x
Wed, 04 Mar 2026AU$734.9bAU$203.6bAU$24.8b20x29.6x3.6x
Fri, 30 Jan 2026AU$711.1bAU$191.0bAU$18.2b27.4x39.2x3.7x
Sun, 28 Dec 2025AU$629.2bAU$196.8bAU$19.1b23x33x3.2x
Tue, 25 Nov 2025AU$552.2bAU$201.5bAU$19.2b20.7x28.8x2.7x
Thu, 23 Oct 2025AU$569.0bAU$202.1bAU$19.4b22.8x29.4x2.8x
Sat, 20 Sep 2025AU$509.6bAU$200.3bAU$19.1b17.9x26.7x2.5x
Mon, 18 Aug 2025AU$503.2bAU$204.8bAU$21.8b14.4x23.1x2.5x
Wed, 16 Jul 2025AU$461.0bAU$203.3bAU$21.4b13.5x21.5x2.3x
Fri, 13 Jun 2025AU$450.7bAU$204.5bAU$21.6b12.2x20.8x2.2x
Sun, 11 May 2025AU$437.4bAU$206.5bAU$21.9b12.4x20x2.1x
Tue, 08 Apr 2025AU$383.7bAU$215.3bAU$23.5b11x16.4x1.8x
Thu, 06 Mar 2025AU$433.3bAU$209.1bAU$22.4b12.4x19.3x2.1x
Sat, 01 Feb 2025AU$451.7bAU$214.0bAU$21.6b13.4x20.9x2.1x
Mon, 30 Dec 2024AU$438.1bAU$214.1bAU$21.7b13.1x20.2x2x
Wed, 27 Nov 2024AU$445.9bAU$207.8bAU$20.8b11.9x21.5x2.1x
Fri, 25 Oct 2024AU$470.2bAU$204.5bAU$20.4b12.8x23x2.3x
Sun, 22 Sep 2024AU$437.3bAU$201.8bAU$20.1b12.5x21.8x2.2x
Tue, 20 Aug 2024AU$426.7bAU$208.2bAU$21.1b12.3x20.2x2x
Thu, 18 Jul 2024AU$473.8bAU$206.5bAU$20.5b13.9x23.1x2.3x
Sat, 15 Jun 2024AU$472.4bAU$210.1bAU$21.0b13.9x22.5x2.2x
Mon, 13 May 2024AU$496.7bAU$210.7bAU$21.1b14.5x23.5x2.4x
Wed, 10 Apr 2024AU$502.2bAU$212.0bAU$21.3b13.1x23.6x2.4x
Fri, 08 Mar 2024AU$491.4bAU$211.6bAU$21.9b12.9x22.5x2.3x
Sun, 04 Feb 2024AU$556.5bAU$224.8bAU$33.2b11.8x16.8x2.5x
Tue, 02 Jan 2024AU$590.1bAU$218.4bAU$31.9b12.5x18.5x2.7x
Thu, 30 Nov 2023AU$536.0bAU$222.4bAU$32.6b10.8x16.4x2.4x
Sat, 28 Oct 2023AU$554.4bAU$246.2bAU$32.8b10.2x16.9x2.3x
Mon, 25 Sep 2023AU$523.2bAU$226.3bAU$33.8b11.2x15.5x2.3x
Wed, 23 Aug 2023AU$518.5bAU$227.8bAU$40.0b10.3x13x2.3x
Fri, 21 Jul 2023AU$552.0bAU$229.6bAU$47.6b10x11.6x2.4x
Sun, 18 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-1.74%
Materials-9.00%
Metals and Mining-9.54%
Aluminum-7.95%
Steel-8.03%
Diversified Metals and Mining-8.58%
Precious Metals and Minerals-9.02%
Copper-11.45%
Silver-11.71%
Gold-13.56%
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 26.9%, 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$27.95
Sims
7D
0.2%
1Y
81.7%
NST
AU$18.32
Northern Star Resources
7D
-10.2%
1Y
-14.5%
SUH
AU$0.037
Southern Hemisphere Mining
7D
68.2%
1Y
37.0%
VYS
AU$0.98
Vysarn
7D
3.2%
1Y
125.3%
ZNC
AU$0.11
Zenith Minerals
7D
29.4%
1Y
182.1%
BHP
AU$60.80
BHP Group
7D
-3.2%
1Y
58.6%
LYC
AU$16.89
Lynas Rare Earths
7D
-9.7%
1Y
94.8%
MIN
AU$65.19
Mineral Resources
7D
-8.4%
1Y
175.1%
BSL
AU$33.16
BlueScope Steel
7D
1.5%
1Y
47.2%
EVN
AU$10.95
Evolution Mining
7D
-9.5%
1Y
25.6%
Narrative Update • Jun 05

EVN: Copper Exposure And Lithium JV Will Support More Resilient Margins

Narrative Update on Evolution Mining The analyst price target for Evolution Mining has been revised slightly higher to A$13.91, with analysts noting expectations for wider margins supported by copper exposure and updated commodity price assumptions following recent upgrades across several firms. Analyst Commentary Recent research updates on Evolution Mining have focused on valuation, copper exposure and revised commodity price assumptions, with several firms revisiting their ratings and targets following share price moves and changes to their forecasts.
FMG
AU$19.60
Fortescue
7D
-6.8%
1Y
25.2%
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.
S32
AU$4.37
South32
7D
-8.0%
1Y
45.2%
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.
GGP
AU$11.55
Greatland Resources
7D
-13.5%
1Y
n/a
ORN
AU$0.022
Orion Minerals
7D
10.0%
1Y
100.0%
LIN
AU$0.84
Lindian Resources
7D
3.0%
1Y
576.0%
AQD
AU$0.051
AusQuest
7D
13.3%
1Y
-15.0%