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Brazilian (BOVESPA) Metals and Mining Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.5%
  • 3M-10.7%
  • 1Y29.5%
  • YTD3.3%

Over the last 7 days, the Metals and Mining industry has dropped 2.5%, driven by Vale declining 5.9%. On the other hand CSN Mineração is actually up 21%. This takes the industry's 12 month performance to a gain of 30%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Jul 2026R$435.9bR$454.3bR$16.6b15.7x26.2x1x
Wed, 10 Jun 2026R$454.9bR$454.4bR$16.6b14.8x27.3x1x
Fri, 08 May 2026R$471.4bR$455.3bR$15.9b19.9x29.7x1x
Sun, 05 Apr 2026R$470.7bR$456.3bR$13.3b19.3x35.5x1x
Tue, 03 Mar 2026R$499.7bR$457.1bR$16.2b15.7x30.8x1.1x
Thu, 29 Jan 2026R$496.5bR$456.8bR$33.6b13.7x14.8x1.1x
Sat, 27 Dec 2025R$427.5bR$456.8bR$33.6b11.7x12.7x0.9x
Mon, 24 Nov 2025R$385.5bR$456.2bR$33.7b11.6x11.5x0.8x
Wed, 22 Oct 2025R$361.7bR$450.2bR$34.4b11.2x10.5x0.8x
Fri, 19 Sep 2025R$339.9bR$450.2bR$34.4b10.4x9.9x0.8x
Sun, 17 Aug 2025R$314.6bR$450.2bR$34.4b9.5x9.2x0.7x
Tue, 15 Jul 2025R$329.6bR$450.4bR$36.8b7.7x8.9x0.7x
Thu, 12 Jun 2025R$321.3bR$450.3bR$36.8b7.7x8.7x0.7x
Sat, 10 May 2025R$327.5bR$449.8bR$39.6b7.4x8.3x0.7x
Mon, 07 Apr 2025R$325.3bR$439.5bR$41.0b6.7x7.9x0.7x
Wed, 05 Mar 2025R$338.0bR$440.0bR$42.1b7.2x8x0.8x
Fri, 31 Jan 2025R$330.5bR$440.8bR$57.9b7.5x5.7x0.7x
Sun, 29 Dec 2024R$340.2bR$440.8bR$57.9b7.1x5.9x0.8x
Tue, 26 Nov 2024R$366.3bR$440.8bR$57.9b7.4x6.3x0.8x
Thu, 24 Oct 2024R$376.3bR$439.5bR$61.1b6.5x6.2x0.9x
Sat, 21 Sep 2024R$363.8bR$439.5bR$61.1b6.9x6x0.8x
Mon, 19 Aug 2024R$342.8bR$439.5bR$57.7b6.6x5.9x0.8x
Wed, 17 Jul 2024R$389.6bR$437.1bR$52.6b6.6x7.4x0.9x
Fri, 14 Jun 2024R$373.3bR$438.9bR$52.6b6.7x7.1x0.9x
Sun, 12 May 2024R$396.9bR$440.2bR$53.1b7.1x7.5x0.9x
Tue, 09 Apr 2024R$399.5bR$450.3bR$56.1b6.1x7.1x0.9x
Thu, 07 Mar 2024R$413.8bR$448.1bR$55.9b6.9x7.4x0.9x
Sat, 03 Feb 2024R$417.2bR$453.7bR$62.4b6.2x6.7x0.9x
Mon, 01 Jan 2024R$482.3bR$452.1bR$62.4b6.2x7.7x1.1x
Wed, 29 Nov 2023R$450.6bR$453.0bR$62.6b5.8x7.2x1x
Fri, 27 Oct 2023R$388.9bR$462.1bR$75.3b5.3x5.2x0.8x
Sun, 24 Sep 2023R$415.1bR$462.1bR$75.3b5.6x5.5x0.9x
Tue, 22 Aug 2023R$384.8bR$467.6bR$76.8b5.4x5x0.8x
Thu, 20 Jul 2023R$423.3bR$479.8bR$96.3b4.4x4.4x0.9x
Price to Earnings Ratio

4.4x


Total Market Cap: R$423.3bTotal Earnings: R$96.3bTotal Revenue: R$479.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Metals and Mining Industry Price to Earnings3Y Average 10.9x202420252026
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 26.2x which is higher than its 3-year average PE of 10.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.87x.
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 Market2.17%
Materials-1.75%
Metals and Mining-2.49%
Aluminum0.46%
Copper0%0
Steel-2.53%
Industry PE
  • Investors are most optimistic about the Aluminum industry which is trading above its 3-year average PE ratio of 2.6x.
    • Analysts are expecting annual earnings growth of 56.7%, 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 10.8x.
Forecasted Growth
  • Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 57% 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
CMIN3 CSN MineraçãoR$5.2321.3%
+R$5.0b		1.6%PE12.7x
CSNA3 Companhia Siderúrgica NacionalR$5.187.5%
+R$477.4m		-37.2%PS0.2x
CBAV3 Companhia Brasileira de AlumínioR$10.810.5%
+R$32.6m		120.6%PE57.5x

Latest News

CMIN3
R$5.23
CSN Mineração
7D
21.3%
1Y
1.6%
CSNA3
R$5.18
Companhia Siderúrgica Nacional
7D
7.5%
1Y
-37.2%
Narrative Update • Jul 10

CSNA3: Index Removal Will Create A Future Opportunity For Repricing

Analysts have revised their price target for Companhia Siderúrgica Nacional to R$11.30 from R$17.84, citing updated assumptions for revenue growth, profit margins, discount rate, and future P/E expectations. What’s in the News for Companhia Siderúrgica Nacional Companhia Siderúrgica Nacional was removed as a constituent from at least one index, according to a key developments update.
CBAV3
R$10.81
Companhia Brasileira de Alumínio
7D
0.5%
1Y
120.6%
Narrative Update • Jul 10

nan

Analysts have lifted their price target for Companhia Brasileira de Alumínio to R$6.50 from R$4.20, citing updated assumptions that include adjusted fair value estimates, a revised discount rate, higher projected revenue growth, slightly stronger profit margins and a higher future P/E multiple. What’s in the News for Companhia Brasileira de Alumínio No recent company specific news for Companhia Brasileira de Alumínio was identified in the provided sources.
VALE3
R$74.18
Vale
7D
-5.9%
1Y
32.5%
BRAP3
R$18.61
Bradespar
7D
-3.1%
1Y
20.8%