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Brazilian (BOVESPA) Metals and Mining Industry Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies11
  • 7D1.2%
  • 3M-4.0%
  • 1Y47.2%
  • YTD13.3%

The Metals and Mining industry is up 1.2% in the last week, with Vale up 1.0%. This means that the industry has gained 47% over the past year. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026R$479.0bR$454.3bR$16.6b15.4x28.8x1.1x
Sat, 25 Apr 2026R$484.0bR$456.3bR$13.3b19.9x36.5x1.1x
Mon, 23 Mar 2026R$427.0bR$456.5bR$13.9b18.4x30.8x0.9x
Wed, 18 Feb 2026R$494.6bR$444.4bR$16.0b13.3x31x1.1x
Fri, 16 Jan 2026R$463.4bR$456.8bR$33.6b12.4x13.8x1x
Sun, 14 Dec 2025R$409.3bR$456.8bR$33.6b11.8x12.2x0.9x
Tue, 11 Nov 2025R$380.6bR$444.8bR$30.3b9.9x12.6x0.9x
Thu, 09 Oct 2025R$351.4bR$450.2bR$34.4b10.8x10.2x0.8x
Sat, 06 Sep 2025R$334.2bR$450.2bR$34.4b10.6x9.7x0.7x
Mon, 04 Aug 2025R$319.7bR$450.2bR$33.0b9.2x9.7x0.7x
Wed, 02 Jul 2025R$314.5bR$450.4bR$36.8b7.5x8.5x0.7x
Fri, 30 May 2025R$321.4bR$450.4bR$36.8b7.7x8.7x0.7x
Sun, 27 Apr 2025R$336.3bR$445.7bR$41.2b7.1x8.2x0.8x
Tue, 25 Mar 2025R$357.3bR$439.4bR$42.7b7.7x8.4x0.8x
Thu, 20 Feb 2025R$344.3bR$440.5bR$56.8b6.1x6.1x0.8x
Sat, 18 Jan 2025R$325.8bR$440.8bR$57.9b6.8x5.6x0.7x
Mon, 16 Dec 2024R$357.0bR$440.8bR$57.9b7.8x6.2x0.8x
Wed, 13 Nov 2024R$373.2bR$441.5bR$59.3b6.6x6.3x0.8x
Fri, 11 Oct 2024R$382.1bR$439.5bR$61.1b6.7x6.3x0.9x
Sun, 08 Sep 2024R$361.6bR$439.5bR$61.1b6.8x5.9x0.8x
Tue, 06 Aug 2024R$352.1bR$439.1bR$58.9b7.4x6x0.8x
Thu, 04 Jul 2024R$396.1bR$437.1bR$52.6b6.6x7.5x0.9x
Sat, 01 Jun 2024R$380.7bR$438.9bR$51.1b7x7.4x0.9x
Mon, 29 Apr 2024R$388.9bR$447.3bR$54.4b6.1x7.1x0.9x
Wed, 27 Mar 2024R$386.1bR$450.3bR$56.3b6.8x6.9x0.9x
Fri, 23 Feb 2024R$419.9bR$446.3bR$63.4b6.5x6.6x0.9x
Sun, 21 Jan 2024R$428.7bR$453.7bR$62.4b6.2x6.9x0.9x
Tue, 19 Dec 2023R$459.4bR$454.3bR$62.9b6.1x7.3x1x
Thu, 16 Nov 2023R$435.1bR$450.7bR$63.0b6x6.9x1x
Sat, 14 Oct 2023R$404.4bR$462.1bR$75.3b5.5x5.4x0.9x
Mon, 11 Sep 2023R$409.1bR$467.8bR$76.9b5.5x5.3x0.9x
Wed, 09 Aug 2023R$417.9bR$474.1bR$79.7b4.7x5.2x0.9x
Fri, 07 Jul 2023R$408.5bR$479.8bR$96.3b4.3x4.2x0.9x
Sun, 04 Jun 2023R$425.0bR$479.9bR$96.3b4.5x4.4x0.9x
Price to Earnings Ratio

4.4x


Total Market Cap: R$425.0bTotal Earnings: R$96.3bTotal Revenue: R$479.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Metals and Mining Industry Price to Earnings3Y Average 9.9x202420252026
Current Industry PE
  • Investors are optimistic on the Brazilian Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.8x which is higher than its 3-year average PE of 9.9x.
  • The 3-year average PS ratio of 0.87x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 44% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Brazilian Materials industry?

BR Market-0.75%
Materials1.07%
Metals and Mining1.24%
Steel1.24%
Aluminum1.13%
Copper0%0
Industry PE
  • Investors are most optimistic about the Aluminum industry which is trading above its 3-year average PE ratio of 0.45x.
    • Analysts are expecting annual earnings growth of 37.5%, which is higher than its past year's earnings decline of 32.2% per year.
  • Investors are most pessimistic about the Steel industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.8x.
Forecasted Growth
  • Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings decline of 32% per year.
  • In contrast, the Steel industry is expected to see its earnings grow by 20% 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
VALE3 ValeR$83.451.0%
+R$3.5b		56.1%PE22.8x
CMIN3 CSN MineraçãoR$4.634.5%
+R$1.1b		-9.7%PE11.3x
CSNA3 Companhia Siderúrgica NacionalR$6.553.3%
+R$278.5m		-23.7%PS0.2x
CBAV3 Companhia Brasileira de AlumínioR$10.721.1%
+R$78.1m		127.6%PE57x

Latest News

PMAM3
R$0.32
Paranapanema
7D
-33.3%
1Y
-85.0%
VALE3
R$83.45
Vale
7D
1.0%
1Y
56.1%
Narrative Update • May 25

VALE3: Iron Ore Assumptions And Execution Risks Will Shape Balanced Future Returns

Analysts have raised their fair value estimate for Vale from R$69.39 to R$75.65, citing a series of higher price targets from R$14.80 to R$19.50 issued by major banks and updated models that incorporate revised profit margins and P/E assumptions. Analyst Commentary Recent research on Vale shows a mix of optimism and caution, with higher targets from some large banks set against a series of downgrades and more restrained views from other bearish analysts.
CMIN3
R$4.63
CSN Mineração
7D
4.5%
1Y
-9.7%
CSNA3
R$6.55
Companhia Siderúrgica Nacional
7D
3.3%
1Y
-23.7%
Analysis Article • May 17

Results: Companhia Siderúrgica Nacional Delivered A Surprise Loss And Now Analysts Have New Forecasts

Shareholders might have noticed that Companhia Siderúrgica Nacional ( BVMF:CSNA3 ) filed its first-quarter result this...
CBAV3
R$10.72
Companhia Brasileira de Alumínio
7D
1.1%
1Y
127.6%
BRAP3
R$19.69
Bradespar
7D
-0.5%
1Y
30.2%