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Canadian (TSX) Materials Sector Analysis

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies1209
  • 7D12.2%
  • 3M30.7%
  • 1Y82.2%
  • YTD86.6%

Over the last 7 days, the Materials industry has risen 12%, and Barrick Mining contributed the most with a gain of 4.5%. Meanwhile, Versamet Royalties actually underperformed within the industry, shrinking 8.5% in the last week. This means that the industry has gained 82% over the past year. Earnings are forecast to grow by 26% annually.

Sector Valuation and Performance

Has the Canadian Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Dec 2025CA$813.9bCA$214.0bCA$22.1b18x36.8x3.8x
Wed, 29 Oct 2025CA$780.9bCA$202.0bCA$15.9b19.7x49.2x3.9x
Fri, 26 Sep 2025CA$793.4bCA$202.9bCA$14.9b19.8x53.4x3.9x
Sun, 24 Aug 2025CA$677.7bCA$202.2bCA$14.9b16.7x45.6x3.4x
Tue, 22 Jul 2025CA$602.7bCA$193.1bCA$9.7b16.3x61.8x3.1x
Thu, 19 Jun 2025CA$606.6bCA$194.2bCA$9.9b15.6x61.2x3.1x
Sat, 17 May 2025CA$501.6bCA$178.7bCA$7.3b12.8x69x2.8x
Mon, 14 Apr 2025CA$536.5bCA$189.3bCA$6.7b13.3x79.9x2.8x
Wed, 12 Mar 2025CA$499.2bCA$194.1bCA$6.6b12.1x75.4x2.6x
Fri, 07 Feb 2025CA$519.0bCA$198.5bCA$1.7b13.3x305.1x2.6x
Sun, 05 Jan 2025CA$483.2bCA$199.8bCA$1.5b13.5x322x2.4x
Tue, 03 Dec 2024CA$493.9bCA$195.8bCA$1.3b13.7x392.3x2.5x
Thu, 31 Oct 2024CA$533.0bCA$193.2bCA$231.2m17.7x2305.1x2.8x
Sat, 28 Sep 2024CA$515.9bCA$189.6bCA$1.3b16.9x384.7x2.7x
Mon, 26 Aug 2024CA$488.6bCA$190.0bCA$1.1b16.5x442.8x2.6x
Wed, 24 Jul 2024CA$477.2bCA$192.4bCA$1.6b16.3x305.3x2.5x
Fri, 21 Jun 2024CA$450.3bCA$192.0bCA$1.0b17x438.6x2.3x
Sun, 19 May 2024CA$494.6bCA$191.2bCA$656.2m18.1x753.7x2.6x
Tue, 16 Apr 2024CA$453.9bCA$192.5bCA$3.6b18.1x124.5x2.4x
Thu, 14 Mar 2024CA$399.2bCA$189.9bCA$3.5b14.1x113.9x2.1x
Sat, 10 Feb 2024CA$371.1bCA$190.3bCA$6.6b13.4x56.5x2x
Mon, 08 Jan 2024CA$422.0bCA$199.0bCA$5.3b13.8x79.7x2.1x
Wed, 06 Dec 2023CA$420.7bCA$201.3bCA$5.4b12.5x77.9x2.1x
Fri, 03 Nov 2023CA$402.1bCA$202.3bCA$5.6b12.7x72x2x
Sun, 01 Oct 2023CA$424.6bCA$203.7bCA$7.5b11.1x56.8x2.1x
Tue, 29 Aug 2023CA$438.4bCA$202.9bCA$7.4b10.9x59.6x2.2x
Thu, 27 Jul 2023CA$466.4bCA$207.1bCA$14.0b11.8x33.3x2.3x
Sat, 24 Jun 2023CA$436.7bCA$207.3bCA$14.3b11.8x30.5x2.1x
Mon, 22 May 2023CA$469.2bCA$210.7bCA$15.0b11.8x31.2x2.2x
Wed, 19 Apr 2023CA$500.7bCA$217.1bCA$21.3b11.8x23.5x2.3x
Fri, 17 Mar 2023CA$439.5bCA$220.6bCA$23.7b11x18.6x2x
Sun, 12 Feb 2023CA$453.6bCA$223.2bCA$28.7b11.5x15.8x2x
Tue, 10 Jan 2023CA$457.1bCA$223.9bCA$29.2b10.6x15.7x2x
Thu, 08 Dec 2022CA$441.7bCA$226.7bCA$29.6b10x14.9x1.9x
Price to Earnings Ratio

14.9x


Total Market Cap: CA$441.7bTotal Earnings: CA$29.6bTotal Revenue: CA$226.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Materials Sector Price to Earnings3Y Average 255.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 36.8x which is lower than its 3-year average PE of 256x.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 9.3% 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 Canadian Materials sector?

CA Market3.97%
Materials12.24%
Metals and Mining13.32%
Paper and Forestry Products4.45%
Basic Materials3.79%
Chemicals2.78%
Packaging1.83%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry even though it's trading below its 3-year average PE ratio of 287x.
    • Analysts are expecting annual earnings growth of 26.8%, which is lower than the prior year's growth of 63.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Chemicals industry is expected to see its earnings grow by 6.3% 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
ABX Barrick MiningCA$58.434.5%
+CA$4.2b		141.1%PE19.7x
WPM Wheaton Precious MetalsCA$153.475.9%
+CA$3.9b		77.7%PE49.8x
PAAS Pan American SilverCA$63.3414.7%
+CA$3.4b		111.4%PE30.2x
K Kinross GoldCA$39.387.4%
+CA$3.3b		193.9%PE19.3x
IVN Ivanhoe MinesCA$14.6212.8%
+CA$2.4b		-21.9%PE48.6x

Latest News

EMPR
CA$1.02
Empress Royalty
7D
-12.8%
1Y
191.4%
IVN
CA$14.62
Ivanhoe Mines
7D
12.8%
1Y
-21.9%
ABX
CA$58.43
Barrick Mining
7D
4.5%
1Y
141.1%
FNV
CA$292.15
Franco-Nevada
7D
3.5%
1Y
71.3%
PAAS
CA$63.34
Pan American Silver
7D
14.7%
1Y
111.4%
IFOS
CA$2.93
Itafos
7D
-4.2%
1Y
70.3%
FM
CA$31.84
First Quantum Minerals
7D
8.5%
1Y
66.2%
WPM
CA$153.47
Wheaton Precious Metals
7D
5.9%
1Y
77.7%

Wheaton Precious Metals Corp. (TSE:WPM) Not Lagging Market On Growth Or Pricing

Nov 23
Wheaton Precious Metals Corp. (TSE:WPM) Not Lagging Market On Growth Or Pricing
AG
CA$21.10
First Majestic Silver
7D
23.8%
1Y
152.7%
K
CA$39.38
Kinross Gold
7D
7.4%
1Y
193.9%

K: Upcoming Margins And Buybacks Will Offset Near-Term Production Declines

Analysts have raised their price target on Kinross Gold by approximately $1, now expecting fair value at about $37.79. They cite modest improvements in revenue growth projections and increased profit margins.
NCX
CA$1.98
NorthIsle Copper and Gold
7D
-3.4%
1Y
340.0%

We're Interested To See How NorthIsle Copper and Gold (CVE:NCX) Uses Its Cash Hoard To Grow

Nov 22
We're Interested To See How NorthIsle Copper and Gold (CVE:NCX) Uses Its Cash Hoard To Grow
NCF
CA$0.32
Northcliff Resources
7D
-11.1%
1Y
966.7%
VMET
CA$11.31
Versamet Royalties
7D
-8.5%
1Y
n/a
HG
CA$2.85
HydroGraph Clean Power
7D
-7.5%
1Y
1,576.5%
GQC
CA$1.36
Goldquest Mining
7D
-8.1%
1Y
394.5%
REG
CA$3.26
Regulus Resources
7D
-5.5%
1Y
67.2%