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Australian (ASX) Metals and Mining Industry Analysis

UpdatedOct 13, 2025
DataAggregated Company Financials
Companies672
  • 7D1.0%
  • 3M22.1%
  • 1Y17.5%
  • YTD27.1%

In the last week, the Metals and Mining industry is up 1.0%, with Lynas Rare Earths leading the way, up 9.7%. During this same period, the BlueScope Steel underperformed, falling 7.9%. In the last 12 months, the industry was up 18%. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Oct 2025AU$562.8bAU$201.7bAU$19.5b21.8x28.9x2.8x
Wed, 10 Sep 2025AU$513.1bAU$200.2bAU$19.2b17x26.7x2.6x
Fri, 08 Aug 2025AU$475.7bAU$204.2bAU$21.6b14.5x22x2.3x
Sun, 06 Jul 2025AU$452.7bAU$203.9bAU$21.5b13.5x21x2.2x
Tue, 03 Jun 2025AU$442.7bAU$205.3bAU$21.7b12.5x20.4x2.2x
Thu, 01 May 2025AU$429.8bAU$207.2bAU$22.1b12.1x19.5x2.1x
Sat, 29 Mar 2025AU$438.0bAU$209.6bAU$22.1b11.8x19.8x2.1x
Mon, 24 Feb 2025AU$458.3bAU$206.1bAU$22.4b12.7x20.5x2.2x
Wed, 22 Jan 2025AU$458.2bAU$214.0bAU$21.7b12.6x21.1x2.1x
Fri, 20 Dec 2024AU$433.4bAU$213.3bAU$21.5b12.8x20.1x2x
Sun, 17 Nov 2024AU$442.3bAU$208.6bAU$20.9b11.6x21.2x2.1x
Tue, 15 Oct 2024AU$473.1bAU$202.5bAU$20.1b12.4x23.5x2.3x
Thu, 12 Sep 2024AU$417.4bAU$204.8bAU$20.0b13.3x20.9x2x
Sat, 10 Aug 2024AU$434.5bAU$210.2bAU$21.3b12.6x20.4x2.1x
Mon, 08 Jul 2024AU$480.2bAU$206.3bAU$20.5b13.7x23.5x2.3x
Wed, 05 Jun 2024AU$497.2bAU$209.9bAU$21.0b14.7x23.7x2.4x
Fri, 03 May 2024AU$489.6bAU$211.7bAU$21.4b13.9x22.8x2.3x
Sun, 31 Mar 2024AU$492.4bAU$214.4bAU$21.6b13.2x22.8x2.3x
Tue, 27 Feb 2024AU$488.1bAU$211.7bAU$22.0b12.1x22.2x2.3x
Thu, 25 Jan 2024AU$544.0bAU$222.9bAU$32.7b11.5x16.6x2.4x
Sat, 23 Dec 2023AU$573.6bAU$218.5bAU$31.9b11.7x18x2.6x
Mon, 20 Nov 2023AU$538.2bAU$224.7bAU$33.1b10.3x16.2x2.4x
Wed, 18 Oct 2023AU$524.7bAU$229.9bAU$34.4b10.5x15.3x2.3x
Fri, 15 Sep 2023AU$522.2bAU$226.4bAU$34.0b11.7x15.3x2.3x
Sun, 13 Aug 2023AU$542.1bAU$237.2bAU$49.4b9.6x11x2.3x
Tue, 11 Jul 2023AU$529.2bAU$234.2bAU$48.9b10.3x10.8x2.3x
Thu, 08 Jun 2023AU$532.8bAU$232.7bAU$48.5b10.1x11x2.3x
Sat, 06 May 2023AU$541.7bAU$231.8bAU$48.4b9.8x11.2x2.3x
Mon, 03 Apr 2023AU$555.6bAU$229.1bAU$47.8b9.4x11.6x2.4x
Wed, 01 Mar 2023AU$536.1bAU$226.9bAU$48.3b9.7x11.1x2.4x
Fri, 27 Jan 2023AU$587.4bAU$221.0bAU$50.5b11.9x11.6x2.7x
Sun, 25 Dec 2022AU$534.0bAU$229.5bAU$53.0b10.7x10.1x2.3x
Tue, 22 Nov 2022AU$517.4bAU$230.3bAU$53.3b10.4x9.7x2.2x
Thu, 20 Oct 2022AU$479.1bAU$240.4bAU$56.4b9.5x8.5x2x
Price to Earnings Ratio

8.5x


Total Market Cap: AU$479.1bTotal Earnings: AU$56.4bTotal Revenue: AU$240.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 17.8x202320242025
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 28.9x which is higher than its 3-year average PE of 17.8x.
  • 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 5.7% 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-0.18%
Materials1.25%
Metals and Mining1.03%
Copper7.25%
Precious Metals and Minerals6.31%
Diversified Metals and Mining2.54%
Aluminum2.09%
Gold-1.35%
Steel-1.37%
Silver-5.53%
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 23% 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?

CompanyLast Price7D1YValuation
LYC Lynas Rare EarthsAU$19.819.7%
+AU$1.8b		155.6%PE2495.5x
S32 South32AU$3.1412.5%
+AU$1.6b		-12.8%PE28.7x
BHP BHP GroupAU$42.220.3%
+AU$710.9m		-2.8%PE15.4x
MIN Mineral ResourcesAU$44.148.7%
+AU$696.5m		-13.3%PS1.9x
SFR Sandfire ResourcesAU$16.137.9%
+AU$541.8m		48.9%PE51.5x

Latest News

LYC
AU$19.81
Lynas Rare Earths
7D
9.7%
1Y
155.6%

Overvaluation Will Persist As Western Government Spurs Rare Earth Demand

Analysts have raised their price target for Lynas Rare Earths from $13.12 to $14.23. They cited improved revenue growth forecasts and a slight adjustment in discount rates.
RMS
AU$3.82
Ramelius Resources
7D
-4.5%
1Y
73.6%

Is Now The Time To Put Ramelius Resources (ASX:RMS) On Your Watchlist?

Oct 10
Is Now The Time To Put Ramelius Resources (ASX:RMS) On Your Watchlist?
RRL
AU$5.69
Regis Resources
7D
-5.0%
1Y
163.4%

Rising Gold Demand And McPhillamys Project Will Energize Future Outlook

Analysts have raised their price target for Regis Resources from A$5.13 to A$5.57. This change reflects increased optimism driven by higher gold prices and stronger projected financial performance.
PRU
AU$4.73
Perseus Mining
7D
-4.3%
1Y
75.8%
MIN
AU$44.14
Mineral Resources
7D
8.7%
1Y
-13.3%
FMG
AU$19.16
Fortescue
7D
-0.7%
1Y
-1.6%

Rising Extraction Costs And China Risks Will Erode Margins

Analysts have modestly raised their price target for Fortescue from A$17.59 to A$18.14. They cite improved profit margins and a slight upward adjustment to financial assumptions, despite ongoing valuation concerns.
SFR
AU$16.13
Sandfire Resources
7D
7.9%
1Y
48.9%
S32
AU$3.14
South32
7D
12.5%
1Y
-12.8%
GGP
AU$8.08
Greatland Resources
7D
9.2%
1Y
n/a
NST
AU$24.05
Northern Star Resources
7D
-1.5%
1Y
50.6%
PDI
AU$0.56
Predictive Discovery
7D
26.1%
1Y
113.5%
PLS
AU$2.64
Pilbara Minerals
7D
3.9%
1Y
-8.3%

Pilgangoora Expansion And Global Transition Will Empower Lithium Opportunities

Pilbara Minerals' analyst price target has increased modestly, rising by A$0.03 to A$2.16. Analysts cite sustained high lithium prices but express caution regarding valuation following recent share price gains.
BHP
AU$42.22
BHP Group
7D
0.3%
1Y
-2.8%

Global Decarbonization And Asia Demand Will Underpin Durable Metals Performance

The analyst price target for BHP Group has been raised from A$42.33 to A$43.51, as analysts cite resilient financial performance and a stable margin outlook despite ongoing cost pressures. Analyst Commentary Recent reports reflect a mix of optimism and caution among analysts covering BHP Group.
BSL
AU$20.99
BlueScope Steel
7D
-7.9%
1Y
-2.8%
GMD
AU$5.85
Genesis Minerals
7D
-4.7%
1Y
182.6%
DTR
AU$0.54
Dateline Resources
7D
-16.9%
1Y
10,700.0%