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Australian (ASX) Metals and Mining Industry Analysis

UpdatedSep 06, 2025
DataAggregated Company Financials
Companies674
  • 7D-0.06%
  • 3M12.3%
  • 1Y23.4%
  • YTD15.8%

Last week, the Metals and Mining industry hasn't moved much but Northern Star Resources is up 5.6% in that time. As for the the longer term, the industry is up 23% over the past 12 months. 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
Sat, 06 Sep 2025AU$515.0bAU$201.6bAU$19.3b16.3x26.6x2.6x
Mon, 04 Aug 2025AU$456.0bAU$205.7bAU$21.8b13.4x20.9x2.2x
Wed, 02 Jul 2025AU$435.2bAU$204.3bAU$21.6b12.5x20.2x2.1x
Fri, 30 May 2025AU$444.4bAU$206.0bAU$21.8b12.8x20.4x2.2x
Sun, 27 Apr 2025AU$427.0bAU$207.1bAU$22.0b12.1x19.4x2.1x
Tue, 25 Mar 2025AU$433.2bAU$209.6bAU$22.1b11.6x19.6x2.1x
Thu, 20 Feb 2025AU$460.2bAU$210.0bAU$27.8b13.6x16.6x2.2x
Sat, 18 Jan 2025AU$453.8bAU$214.5bAU$21.7b12.7x20.9x2.1x
Mon, 16 Dec 2024AU$455.3bAU$210.8bAU$21.2b12.5x21.5x2.2x
Wed, 13 Nov 2024AU$452.8bAU$206.8bAU$20.7b11.6x21.9x2.2x
Fri, 11 Oct 2024AU$475.3bAU$203.1bAU$20.2b12.9x23.5x2.3x
Sun, 08 Sep 2024AU$410.3bAU$203.6bAU$19.9b13.2x20.7x2x
Tue, 06 Aug 2024AU$434.4bAU$213.0bAU$21.7b13.2x20x2x
Thu, 04 Jul 2024AU$470.7bAU$208.1bAU$20.7b13.4x22.8x2.3x
Sat, 01 Jun 2024AU$500.2bAU$209.6bAU$21.0b14.8x23.8x2.4x
Mon, 29 Apr 2024AU$492.3bAU$212.4bAU$21.5b13.6x22.9x2.3x
Wed, 27 Mar 2024AU$481.2bAU$213.3bAU$21.6b12.4x22.3x2.3x
Fri, 23 Feb 2024AU$488.5bAU$211.7bAU$22.8b10.8x21.4x2.3x
Sun, 21 Jan 2024AU$536.1bAU$222.8bAU$32.7b11.7x16.4x2.4x
Tue, 19 Dec 2023AU$567.8bAU$220.8bAU$32.3b11.1x17.6x2.6x
Thu, 16 Nov 2023AU$541.1bAU$224.4bAU$33.1b10.5x16.4x2.4x
Sat, 14 Oct 2023AU$524.6bAU$229.6bAU$34.3b10.5x15.3x2.3x
Mon, 11 Sep 2023AU$516.8bAU$228.1bAU$34.3b11.2x15x2.3x
Wed, 09 Aug 2023AU$540.5bAU$237.1bAU$49.5b9.6x10.9x2.3x
Fri, 07 Jul 2023AU$541.9bAU$234.7bAU$49.0b10x11.1x2.3x
Sun, 04 Jun 2023AU$530.0bAU$234.9bAU$49.1b9.9x10.8x2.3x
Tue, 02 May 2023AU$540.6bAU$234.4bAU$49.1b9.5x11x2.3x
Thu, 30 Mar 2023AU$535.4bAU$229.1bAU$47.9b9.4x11.2x2.3x
Sat, 25 Feb 2023AU$547.1bAU$224.9bAU$48.1b9.7x11.4x2.4x
Mon, 23 Jan 2023AU$584.5bAU$223.7bAU$51.3b11.4x11.4x2.6x
Wed, 21 Dec 2022AU$524.2bAU$230.5bAU$53.3b10.2x9.8x2.3x
Fri, 18 Nov 2022AU$525.8bAU$228.4bAU$52.7b10.8x10x2.3x
Sun, 16 Oct 2022AU$478.6bAU$241.6bAU$56.8b9.4x8.4x2x
Tue, 13 Sep 2022AU$493.1bAU$225.7bAU$53.0b9.3x9.3x2.2x
Price to Earnings Ratio

9.3x


Total Market Cap: AU$493.1bTotal Earnings: AU$53.0bTotal Revenue: AU$225.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 17.2x202320242025
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 26.6x which is higher than its 3-year average PE of 17.2x.
  • 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 29% per year over the last three years,
  • Revenues have also declined 3.7% 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-1.08%
Materials-0.32%
Metals and Mining-0.057%
Silver16.65%
Gold7.40%
Precious Metals and Minerals6.45%
Aluminum0.69%
Copper-0.093%
Steel-1.74%
Diversified Metals and Mining-2.39%
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 decline by 2.4% 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$19.945.6%
+AU$1.5b		35.4%PE21.3x
LYC Lynas Rare EarthsAU$14.353.5%
+AU$1.3b		112.3%PE1781.7x
GMD Genesis MineralsAU$5.3618.8%
+AU$961.2m		145.9%PE27.4x
EVN Evolution MiningAU$9.064.6%
+AU$807.7m		127.1%PE19.7x
PRU Perseus MiningAU$4.2512.4%
+AU$635.7m		74.2%PE10.1x

Latest News

S32
AU$2.64
South32
7D
-2.9%
1Y
-11.4%
OBM
AU$1.08
Ora Banda Mining
7D
27.8%
1Y
89.5%
RMS
AU$3.43
Ramelius Resources
7D
8.2%
1Y
56.6%

Record Gold Prices Will Expose Inflated Valuation Expectations

Despite a notable drop in Ramelius Resources’ future P/E ratio and a reduction in consensus revenue growth forecasts, the consensus analyst price target has remained unchanged at A$3.22. What's in the News Announced fully franked final dividend of 5.0 cents per share, bringing total FY25 dividend to 8.0 cents per share, a 60% increase from FY24.
NST
AU$19.94
Northern Star Resources
7D
5.6%
1Y
35.4%

Fimiston And Hemi Projects Will Secure Future Gold Value

Despite a modest increase in the consensus Analyst Price Target to A$19.96, JPMorgan downgraded Northern Star Resources due to higher-than-expected operational and financial risks in the FY26 outlook, particularly regarding the KCGM asset. Analyst Commentary JPMorgan reduced its rating and price target following a disappointing pre-quarterly update and worse-than-expected FY26 guidance from Northern Star Resources.
SFR
AU$12.35
Sandfire Resources
7D
-1.4%
1Y
48.8%

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.
LYC
AU$14.35
Lynas Rare Earths
7D
3.5%
1Y
112.3%
PRU
AU$4.25
Perseus Mining
7D
12.4%
1Y
74.2%

Investors Still Aren't Entirely Convinced By Perseus Mining Limited's (ASX:PRU) Earnings Despite 26% Price Jump

Sep 03
Investors Still Aren't Entirely Convinced By Perseus Mining Limited's (ASX:PRU) Earnings Despite 26% Price Jump
GMD
AU$5.36
Genesis Minerals
7D
18.8%
1Y
145.9%
MIN
AU$37.10
Mineral Resources
7D
-0.8%
1Y
21.0%
GGP
AU$6.23
Greatland Resources
7D
12.9%
1Y
n/a
EVN
AU$9.06
Evolution Mining
7D
4.6%
1Y
127.1%
BHP
AU$41.61
BHP Group
7D
-3.7%
1Y
8.2%
FMG
AU$18.87
Fortescue
7D
-2.2%
1Y
17.1%

Analysts Are Updating Their Fortescue Ltd (ASX:FMG) Estimates After Its Full-Year Results

Aug 29
Analysts Are Updating Their Fortescue Ltd (ASX:FMG) Estimates After Its Full-Year Results
IGO
AU$4.85
IGO
7D
-7.1%
1Y
-4.5%
PLS
AU$2.39
Pilbara Minerals
7D
-2.4%
1Y
-0.8%

Major Plant Expansions And Advanced Technology Will Unlock Lithium Potential

Analysts have raised Pilbara Minerals' price target to A$2.13, reflecting improved expectations for lithium prices and commodity fundamentals, though sentiment remains more neutral given recent share price appreciation and valuation concerns. Analyst Commentary Upward revisions to price targets based on expectations of higher lithium prices.
SMR
AU$1.79
Stanmore Resources
7D
-4.0%
1Y
-31.2%