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Australian (ASX) Metals and Mining Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies677
  • 7D4.9%
  • 3M16.1%
  • 1Y30.5%
  • YTD31.7%

Northern Star Resources is up 8.9%, leading the way for the Metals and Mining industry, which has gained 4.9%. During this same period, the Coronado Global Resources underperformed, falling 20%. This means that the industry has gained 30% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Nov 2025AU$584.0bAU$200.1bAU$19.2b21.9x30.4x2.9x
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
Price to Earnings Ratio

9.7x


Total Market Cap: AU$517.4bTotal Earnings: AU$53.3bTotal Revenue: AU$230.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 18.4x202320242025
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 30.4x which is higher than its 3-year average PE of 18.4x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 29% per year over the last three years,
  • Revenues have also declined 4.6% 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-0.78%
Materials4.80%
Metals and Mining4.88%
Silver22.17%
Gold8.96%
Precious Metals and Minerals6.95%
Copper5.84%
Diversified Metals and Mining4.20%
Steel0.61%
Aluminum0.47%
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 25.6% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 26% over the next 5 years.
  • In contrast, the Silver industry is expected to see its earnings decline by 35% 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
NST Northern Star ResourcesAU$26.508.9%
+AU$3.1b		67.2%PE28.3x
PLS Pilbara MineralsAU$3.8230.4%
+AU$2.9b		20.9%PS16x
EVN Evolution MiningAU$11.578.5%
+AU$1.8b		150.4%PE25.4x
MIN Mineral ResourcesAU$50.7419.2%
+AU$1.6b		51.3%PS2.2x
IGO IGOAU$6.7334.9%
+AU$1.3b		32.2%PS9.6x

Latest News

LTR
AU$1.47
Liontown Resources
7D
43.6%
1Y
71.3%
EVN
AU$11.57
Evolution Mining
7D
8.5%
1Y
150.4%

Evolution Mining Limited's (ASX:EVN) CEO Looks Like They Deserve Their Pay Packet

Nov 13
Evolution Mining Limited's (ASX:EVN) CEO Looks Like They Deserve Their Pay Packet
MIN
AU$50.74
Mineral Resources
7D
19.2%
1Y
51.3%
CRN
AU$0.27
Coronado Global Resources
7D
-19.7%
1Y
-72.0%
NST
AU$26.50
Northern Star Resources
7D
8.9%
1Y
67.2%

Northern Star Resources Limited's (ASX:NST) CEO Looks Like They Deserve Their Pay Packet

Nov 11
Northern Star Resources Limited's (ASX:NST) CEO Looks Like They Deserve Their Pay Packet
CIA
AU$5.26
Champion Iron
7D
-3.0%
1Y
-3.5%
BRE
AU$4.38
Brazilian Rare Earths
7D
-5.8%
1Y
55.3%
LYC
AU$14.18
Lynas Rare Earths
7D
4.9%
1Y
98.6%

LYC: Profit Margins Will Improve Amid Global Rare Earth Supply Chain Shifts

Analysts have raised their price target for Lynas Rare Earths from $15.69 to $15.94. This update reflects improved profit margin expectations and minor upgrades to growth forecasts.
PRU
AU$5.23
Perseus Mining
7D
8.3%
1Y
106.7%

PRU: Higher Gold Prices And Mine Life Extension Will Shape Outlook

Analysts have increased their price target for Perseus Mining from A$3.70 to A$4.40, citing higher projected gold prices and improved growth forecasts as key drivers behind the revision. Analyst Commentary Recent updates from the Street reflect a nuanced view on Perseus Mining following the increase in price target.
PLS
AU$3.82
Pilbara Minerals
7D
30.4%
1Y
20.9%

PLS: Recent Price Rally Will Limit Further Upside Amid Market Uncertainty

The average analyst price target for Pilbara Minerals has increased by A$0.46 to A$2.69, as analysts cite improving profit margins, stronger forecasted revenue growth, and expectations of firmer lithium prices as key drivers behind the upward revision. Analyst Commentary Recent updates from equity research firms reflect a diversity of opinion on the outlook for Pilbara Minerals, with revisions both upwards and downwards in response to developments in the lithium market and company-specific performance.
IGO
AU$6.73
IGO
7D
34.9%
1Y
32.2%
ATR
AU$0.70
Astron
7D
-12.5%
1Y
7.7%
WTM
AU$0.52
Waratah Minerals
7D
-26.4%
1Y
94.3%
SGM
AU$15.59
Sims
7D
-3.1%
1Y
24.0%
VSL
AU$6.90
Vulcan Steel
7D
-5.9%
1Y
-6.9%
IPX
AU$5.61
IperionX
7D
-4.1%
1Y
49.6%