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Brazilian (BOVESPA) Metals and Mining Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies12
  • 7D5.7%
  • 3M29.3%
  • 1Y47.1%
  • YTD19.7%

In the last week, the Metals and Mining industry is up 5.7%, with Vale up 7.2%. In the last 12 months, the industry was up 47%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026R$496.3bR$457.1bR$16.2b15.3x30.6x1.1x
Sun, 25 Jan 2026R$493.7bR$456.8bR$33.6b13.1x14.7x1.1x
Tue, 23 Dec 2025R$416.8bR$456.8bR$33.6b11.5x12.4x0.9x
Thu, 20 Nov 2025R$386.0bR$456.2bR$33.7b11.5x11.5x0.8x
Sat, 18 Oct 2025R$356.7bR$450.2bR$34.4b11.1x10.4x0.8x
Mon, 15 Sep 2025R$335.4bR$450.2bR$34.4b10x9.8x0.7x
Wed, 13 Aug 2025R$328.8bR$450.1bR$34.4b9.5x9.6x0.7x
Fri, 11 Jul 2025R$330.4bR$450.4bR$36.8b7.8x9x0.7x
Sun, 08 Jun 2025R$319.3bR$450.3bR$36.8b7.7x8.7x0.7x
Tue, 06 May 2025R$329.3bR$448.0bR$39.5b7.3x8.3x0.7x
Thu, 03 Apr 2025R$350.4bR$439.5bR$41.0b7.2x8.5x0.8x
Sat, 01 Mar 2025R$345.0bR$440.0bR$42.1b7.2x8.2x0.8x
Mon, 27 Jan 2025R$331.1bR$440.8bR$57.9b7.1x5.7x0.8x
Wed, 25 Dec 2024R$343.0bR$440.8bR$57.9b7.1x5.9x0.8x
Fri, 22 Nov 2024R$357.3bR$440.8bR$56.1b7.2x6.4x0.8x
Sun, 20 Oct 2024R$377.7bR$439.5bR$61.1b6.6x6.2x0.9x
Tue, 17 Sep 2024R$375.6bR$439.5bR$61.1b7x6.1x0.9x
Thu, 15 Aug 2024R$342.8bR$439.5bR$58.0b6.6x5.9x0.8x
Sat, 13 Jul 2024R$391.1bR$437.1bR$52.6b6.5x7.4x0.9x
Mon, 10 Jun 2024R$371.4bR$438.9bR$52.6b6.7x7.1x0.8x
Wed, 08 May 2024R$399.4bR$441.8bR$52.7b6.8x7.6x0.9x
Fri, 05 Apr 2024R$386.0bR$450.3bR$56.1b6x6.9x0.9x
Sun, 03 Mar 2024R$421.2bR$448.1bR$55.9b7x7.5x0.9x
Tue, 30 Jan 2024R$436.3bR$453.7bR$62.4b6.3x7x1x
Thu, 28 Dec 2023R$482.6bR$451.3bR$62.2b6.3x7.8x1.1x
Sat, 25 Nov 2023R$454.7bR$454.2bR$62.9b5.8x7.2x1x
Mon, 23 Oct 2023R$382.6bR$462.1bR$75.3b5.3x5.1x0.8x
Wed, 20 Sep 2023R$419.4bR$463.1bR$75.6b5.7x5.5x0.9x
Fri, 18 Aug 2023R$387.7bR$467.8bR$76.9b5.2x5x0.8x
Sun, 16 Jul 2023R$430.3bR$479.8bR$96.3b4.4x4.5x0.9x
Tue, 13 Jun 2023R$427.7bR$479.9bR$96.3b4.3x4.4x0.9x
Thu, 11 May 2023R$437.3bR$481.4bR$96.5b4.2x4.5x0.9x
Sat, 08 Apr 2023R$468.7bR$496.5bR$113.2b4.1x4.1x0.9x
Mon, 06 Mar 2023R$541.7bR$495.0bR$116.9b4.4x4.6x1.1x
Price to Earnings Ratio

4.6x


Total Market Cap: R$541.7bTotal Earnings: R$116.9bTotal Revenue: R$495.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Metals and Mining Industry Price to Earnings3Y Average 7.6x202420252026
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 30.6x which is higher than its 3-year average PE of 7.6x.
  • The 3-year average PS ratio of 0.86x 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 48% per year over the last three years,
  • Revenues have also declined 2.6% 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 Brazilian Materials industry?

BR Market2.29%
Materials5.12%
Metals and Mining5.73%
Steel5.82%
Copper0%0
Aluminum0%0
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 7.5x.
    • Analysts are expecting annual earnings growth of 25.9%, which is higher than its past year's earnings decline of 36.2% per year.
  • Investors are most pessimistic about the Aluminum industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 21% 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$89.216.1%
+R$21.9b		58.5%PE27.6x
CMIN3 CSN MineraçãoR$5.513.4%
+R$977.8m		3.6%PE12.1x
BRAP3 BradesparR$21.437.3%
+R$573.9m		37.4%PE7.5x
CSNA3 Companhia Siderúrgica NacionalR$8.631.2%
+R$132.6m		-0.5%PS0.3x

Latest News

PMAM3
R$0.67
Paranapanema
7D
-6.9%
1Y
-39.6%
VALE3
R$89.21
Vale
7D
6.1%
1Y
58.5%
CMIN3
R$5.51
CSN Mineração
7D
3.4%
1Y
3.6%

CMIN3: Analyst Day Will Shape Margins P/E Expectations And Measured Return Profile

Analysts have inched up their price target on CSN Mineração to R$5.56 from R$5.54, citing slightly stronger assumed profit margins and a modestly lower future P/E multiple in their updated models. What's in the News CSN Mineração held an Analyst/Investor Day, giving the market an updated look at management's priorities and assumptions for the business (Key Developments).
CSNA3
R$8.63
Companhia Siderúrgica Nacional
7D
1.2%
1Y
-0.5%

Is Companhia Siderúrgica Nacional (BVMF:CSNA3) A Risky Investment?

Feb 16
Is Companhia Siderúrgica Nacional (BVMF:CSNA3) A Risky Investment?
CBAV3
R$10.18
Companhia Brasileira de Alumínio
7D
-0.2%
1Y
94.6%
BRAP3
R$21.43
Bradespar
7D
7.3%
1Y
37.4%