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Canadian (TSX) Materials Sector Analysis

UpdatedAug 26, 2025
DataAggregated Company Financials
Companies1222
  • 7D3.5%
  • 3M17.2%
  • 1Y37.3%
  • YTD38.9%

Over the last 7 days, the Materials industry has risen 3.4%, driven by gains from Barrick Mining of 8.8%. Meanwhile, HydroGraph Clean Power actually underperformed within the industry, shrinking 35% in the last week. This means that the industry has gained 37% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Aug 2025CA$677.6bCA$202.6bCA$14.9b16.8x45.4x3.3x
Thu, 24 Jul 2025CA$627.5bCA$192.1bCA$9.7b16.5x65x3.3x
Sat, 21 Jun 2025CA$599.3bCA$193.8bCA$9.9b15.3x60.7x3.1x
Mon, 19 May 2025CA$499.7bCA$178.7bCA$7.3b13x68.8x2.8x
Wed, 16 Apr 2025CA$543.8bCA$190.1bCA$6.7b14x80.6x2.9x
Fri, 14 Mar 2025CA$517.0bCA$194.3bCA$6.8b12.6x76.2x2.7x
Sun, 09 Feb 2025CA$518.6bCA$198.2bCA$1.7b13.4x305.8x2.6x
Tue, 07 Jan 2025CA$483.1bCA$198.6bCA$1.5b13.5x327.9x2.4x
Thu, 05 Dec 2024CA$500.3bCA$195.9bCA$1.3b13.6x396.1x2.6x
Sat, 02 Nov 2024CA$514.3bCA$194.0bCA$456.6m15.3x1126.2x2.7x
Mon, 30 Sep 2024CA$506.3bCA$189.6bCA$1.3b17.6x376.6x2.7x
Wed, 28 Aug 2024CA$489.9bCA$189.3bCA$1.1b16.9x459x2.6x
Fri, 26 Jul 2024CA$475.3bCA$192.8bCA$1.6b16.3x306.2x2.5x
Sun, 23 Jun 2024CA$451.5bCA$192.1bCA$1.0b17x442x2.4x
Tue, 21 May 2024CA$494.6bCA$191.3bCA$656.0m18.1x753.9x2.6x
Thu, 18 Apr 2024CA$449.3bCA$192.4bCA$3.7b17.9x122.7x2.3x
Sat, 16 Mar 2024CA$408.2bCA$190.7bCA$3.6b13.5x114.1x2.1x
Mon, 12 Feb 2024CA$371.1bCA$190.3bCA$6.6b13.4x56.4x2x
Wed, 10 Jan 2024CA$416.4bCA$199.4bCA$5.3b13.3x78.4x2.1x
Fri, 08 Dec 2023CA$414.3bCA$201.3bCA$5.4b12.9x76.5x2.1x
Sun, 05 Nov 2023CA$415.0bCA$200.9bCA$5.2b12.7x79.5x2.1x
Tue, 03 Oct 2023CA$424.6bCA$204.6bCA$7.5b11x56.4x2.1x
Thu, 31 Aug 2023CA$452.2bCA$202.2bCA$7.5b11.2x60.3x2.2x
Sat, 29 Jul 2023CA$459.1bCA$202.6bCA$11.3b12.6x40.8x2.3x
Mon, 26 Jun 2023CA$436.7bCA$207.3bCA$14.3b11.8x30.4x2.1x
Wed, 24 May 2023CA$460.8bCA$210.7bCA$15.0b11.8x30.7x2.2x
Fri, 21 Apr 2023CA$492.3bCA$218.0bCA$21.4b11.7x23x2.3x
Sun, 19 Mar 2023CA$451.2bCA$220.8bCA$23.6b10.6x19.1x2x
Tue, 14 Feb 2023CA$452.6bCA$223.1bCA$28.7b10.1x15.8x2x
Thu, 12 Jan 2023CA$461.6bCA$224.4bCA$29.2b11.1x15.8x2.1x
Sat, 10 Dec 2022CA$440.6bCA$226.5bCA$29.6b9.7x14.9x1.9x
Mon, 07 Nov 2022CA$400.6bCA$225.0bCA$31.4b8x12.8x1.8x
Wed, 05 Oct 2022CA$420.4bCA$222.8bCA$32.9b8.9x12.8x1.9x
Fri, 02 Sep 2022CA$390.2bCA$218.2bCA$32.2b8.4x12.1x1.8x
Price to Earnings Ratio

12.1x


Total Market Cap: CA$390.2bTotal Earnings: CA$32.2bTotal Revenue: CA$218.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Materials Sector Price to Earnings3Y Average 252.7x202320242025
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 45.6x which is lower than its 3-year average PE of 253x.
  • The 3-year average PS ratio of 4.7x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 23% per year over the last three years,
  • Revenues have also declined 2.5% 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 Canadian Materials sector?

CA Market1.05%
Materials3.46%
Metals and Mining3.65%
Chemicals2.42%
Paper and Forestry Products2.06%
Packaging1.78%
Basic Materials-1.91%
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 284x.
    • Analysts are expecting annual earnings growth of 21.5%, which is lower than the prior year's growth of 38.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 77% over the next 5 years.
  • This is better than its past earnings decline of 28% per year.
  • In contrast, the Packaging industry is expected to see its earnings grow by 3.5% 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$36.458.8%
+CA$5.0b		31.9%PE16.2x
FNV Franco-NevadaCA$253.164.2%
+CA$2.0b		51.2%PE44.8x
WPM Wheaton Precious MetalsCA$132.392.7%
+CA$1.6b		57.5%PE54.9x
AGI Alamos GoldCA$39.379.1%
+CA$1.4b		49.1%PE34.6x
TECK.B Teck ResourcesCA$46.165.7%
+CA$1.2b		-30.5%PE108.5x

Latest News

HG
CA$1.57
HydroGraph Clean Power
7D
-35.4%
1Y
1,327.3%
AGI
CA$39.37
Alamos Gold
7D
9.1%
1Y
49.1%
GGA
CA$1.13
Goldgroup Mining
7D
0.4%
1Y
1,406.7%
CGG
CA$15.95
China Gold International Resources
7D
11.2%
1Y
126.9%
KNT
CA$14.91
K92 Mining
7D
-2.3%
1Y
101.2%

K92 Mining (TSE:KNT) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Aug 19
K92 Mining (TSE:KNT) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
AII
CA$5.91
Almonty Industries
7D
-8.1%
1Y
398.7%

The Almonty Industries Inc. (TSE:AII) Analysts Have Been Trimming Their Sales Forecasts

Aug 17
The Almonty Industries Inc. (TSE:AII) Analysts Have Been Trimming Their Sales Forecasts
ORA
CA$38.25
Aura Minerals
7D
-2.1%
1Y
187.8%

Borborema And Apoena Projects Will Expand Production Capacity

Although Aura Minerals’ consensus price target remains unchanged, the significant rise in its future P/E suggests increased expectations for earnings growth or higher valuation multiples ahead, with fair value effectively steady at CA$23.97. What's in the News Aura Minerals announced a dividend of USD 0.33 per share (approx.
FNV
CA$253.16
Franco-Nevada
7D
4.2%
1Y
51.2%

Franco-Nevada Corporation Just Recorded A 15% EPS Beat: Here's What Analysts Are Forecasting Next

Aug 14
Franco-Nevada Corporation Just Recorded A 15% EPS Beat: Here's What Analysts Are Forecasting Next
ABX
CA$36.45
Barrick Mining
7D
8.8%
1Y
31.9%
NTR
CA$80.78
Nutrien
7D
3.2%
1Y
23.2%
K
CA$27.35
Kinross Gold
7D
2.1%
1Y
124.0%

Persistent Inflation And Uncertainty Will Sustain High Gold Prices

Despite a sharp reduction in forecasted revenue growth and a notable increase in the forward P/E multiple, analysts have raised Kinross Gold's consensus price target from CA$24.41 to CA$26.17. What's in the News Kinross Gold reaffirmed 2025 production guidance, remaining on track to produce 2 million ounces at a cost of sales of $1,120 per ounce and all-in sustaining cost of $1,500 per ounce, with production expected to be evenly split between the remaining quarters.
WPM
CA$132.39
Wheaton Precious Metals
7D
2.7%
1Y
57.5%

Salobo III Streaming Deals Will Shape Future Metals Markets

Wheaton Precious Metals’ fair value has increased—reflected in the higher analyst price target—as consensus expectations for future revenue growth and valuations have both risen substantially. What's in the News Q1 2025 gold production increased slightly to 92,681 ounces, while silver and palladium output declined to 4,733 ounces and 2,661 ounces, respectively.
PMET
CA$3.81
Patriot Battery Metals
7D
-7.5%
1Y
-16.8%
TECK.B
CA$46.16
Teck Resources
7D
5.7%
1Y
-30.5%
SEA
CA$22.71
Seabridge Gold
7D
-2.4%
1Y
-7.4%

We Think Seabridge Gold (TSE:SEA) Has A Fair Chunk Of Debt

Jul 12
We Think Seabridge Gold (TSE:SEA) Has A Fair Chunk Of Debt
VMET
CA$1.54
Versamet Royalties
7D
-5.5%
1Y
n/a