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Canadian (TSX) Materials Sector Analysis

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies1209
  • 7D2.7%
  • 3M20.6%
  • 1Y101.2%
  • YTD95.9%

Over the last 7 days, the Materials industry has risen 2.4%, driven by gains from Barrick Mining of 4.0%. This means that the industry has gained 102% over the past year. Looking forward, earnings are forecast to grow by 27% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Dec 2025CA$963.2bCA$211.0bCA$20.9b19.8x46.1x4.6x
Wed, 19 Nov 2025CA$829.4bCA$212.5bCA$22.0b18.1x37.7x3.9x
Fri, 17 Oct 2025CA$885.9bCA$203.2bCA$15.1b22x58.5x4.4x
Sun, 14 Sep 2025CA$759.1bCA$202.5bCA$14.6b18.3x51.9x3.7x
Tue, 12 Aug 2025CA$645.0bCA$198.4bCA$14.1b16.1x45.8x3.3x
Thu, 10 Jul 2025CA$602.9bCA$193.1bCA$9.8b15.8x61.6x3.1x
Sat, 07 Jun 2025CA$605.3bCA$194.1bCA$10.1b15.4x60.1x3.1x
Mon, 05 May 2025CA$539.8bCA$190.7bCA$8.1b12.8x66.8x2.8x
Wed, 02 Apr 2025CA$539.1bCA$193.9bCA$6.9b14.1x77.6x2.8x
Fri, 28 Feb 2025CA$515.5bCA$193.7bCA$4.8b12.6x107.1x2.7x
Sun, 26 Jan 2025CA$499.5bCA$198.8bCA$1.6b14.6x303.1x2.5x
Tue, 24 Dec 2024CA$467.4bCA$199.0bCA$1.5b13.2x315.9x2.3x
Thu, 21 Nov 2024CA$491.4bCA$195.0bCA$1.3b14.1x392.5x2.5x
Sat, 19 Oct 2024CA$517.4bCA$192.7bCA$1.5b18.1x348.5x2.7x
Mon, 16 Sep 2024CA$491.2bCA$190.7bCA$1.1b16.2x454.7x2.6x
Wed, 14 Aug 2024CA$461.0bCA$191.5bCA$1.1b16.1x401.8x2.4x
Fri, 12 Jul 2024CA$476.9bCA$191.5bCA$1.0b14.9x462.4x2.5x
Sun, 09 Jun 2024CA$459.4bCA$192.7bCA$994.9m16.4x461.7x2.4x
Tue, 07 May 2024CA$461.6bCA$191.7bCA$2.1b18.4x216.8x2.4x
Thu, 04 Apr 2024CA$435.1bCA$189.9bCA$3.5b17.3x124.2x2.3x
Sat, 02 Mar 2024CA$375.0bCA$190.8bCA$4.5b14.4x82.9x2x
Mon, 29 Jan 2024CA$409.5bCA$199.9bCA$5.3b12.8x77.2x2x
Wed, 27 Dec 2023CA$431.2bCA$197.9bCA$5.2b13.8x82.4x2.2x
Fri, 24 Nov 2023CA$411.8bCA$202.4bCA$5.4b11.8x76.3x2x
Sun, 22 Oct 2023CA$429.3bCA$204.9bCA$7.5b11x57.6x2.1x
Tue, 19 Sep 2023CA$449.0bCA$201.9bCA$7.5b11.4x59.7x2.2x
Thu, 17 Aug 2023CA$432.4bCA$202.2bCA$7.3b11.3x59.1x2.1x
Sat, 15 Jul 2023CA$460.4bCA$207.6bCA$14.5b10.8x31.8x2.2x
Mon, 12 Jun 2023CA$449.8bCA$208.8bCA$14.6b11.8x30.8x2.2x
Wed, 10 May 2023CA$495.6bCA$211.0bCA$16.7b12.7x29.7x2.3x
Fri, 07 Apr 2023CA$480.9bCA$218.0bCA$21.4b11.8x22.5x2.2x
Sun, 05 Mar 2023CA$463.7bCA$219.8bCA$24.5b11.4x19x2.1x
Tue, 31 Jan 2023CA$472.8bCA$223.9bCA$29.2b11.2x16.2x2.1x
Thu, 29 Dec 2022CA$433.6bCA$226.5bCA$29.5b9.6x14.7x1.9x
Price to Earnings Ratio

14.7x


Total Market Cap: CA$433.6bTotal Earnings: CA$29.5bTotal Revenue: CA$226.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Materials Sector Price to Earnings3Y Average 256.4x202320242025
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 46.1x which is lower than its 3-year average PE of 256x.
  • The industry is trading close to its 3-year average PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 11% per year over the last three years,
  • Revenues have also declined 2.3% 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 Market0.36%
Materials2.73%
Basic Materials9.19%
Metals and Mining2.95%
Packaging2.20%
Chemicals0.50%
Paper and Forestry Products-1.33%
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 288x.
    • Analysts are expecting annual earnings growth of 28.1%, 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 31% 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$61.623.3%
+CA$3.4b		175.2%PE21x
WPM Wheaton Precious MetalsCA$164.883.4%
+CA$2.5b		100.0%PE54.2x
PAAS Pan American SilverCA$71.134.7%
+CA$1.3b		138.8%PE34.3x
IVN Ivanhoe MinesCA$14.546.1%
+CA$1.2b		-17.8%PE48.9x
TECK.B Teck ResourcesCA$61.573.8%
+CA$1.1b		3.8%PE24.2x

Latest News

ABX
CA$61.62
Barrick Mining
7D
3.3%
1Y
175.2%
IVN
CA$14.54
Ivanhoe Mines
7D
6.1%
1Y
-17.8%
AYA
CA$19.90
Aya Gold & Silver
7D
-4.9%
1Y
79.1%
EDV
CA$71.18
Endeavour Mining
7D
6.9%
1Y
170.4%
PAAS
CA$71.13
Pan American Silver
7D
4.7%
1Y
138.8%
IMG
CA$23.16
IAMGOLD
7D
6.5%
1Y
210.5%
CS
CA$13.19
Capstone Copper
7D
-1.5%
1Y
45.7%

Is Now The Time To Put Capstone Copper (TSE:CS) On Your Watchlist?

Dec 19
Is Now The Time To Put Capstone Copper (TSE:CS) On Your Watchlist?
DSV
CA$8.40
Discovery Silver
7D
-3.9%
1Y
1,100.0%
WPM
CA$164.88
Wheaton Precious Metals
7D
3.4%
1Y
100.0%

WPM Will Navigate Higher Metal Price Expectations Amid Mixed Macro Backdrop

Analysts have lifted their price targets for Wheaton Precious Metals into the low to mid $130 range, citing higher long term precious metal price forecasts, resilient demand amid macro headwinds, and ongoing capital returns and M&A momentum as support for a higher fair value, despite slightly lower growth and margin expectations. Analyst Commentary Recent Street research has highlighted a broadly constructive outlook for Wheaton Precious Metals, with multiple price target increases across North American and international markets.
ASE
CA$1.80
Asante Gold
7D
-7.7%
1Y
66.7%
TECK.B
CA$61.57
Teck Resources
7D
3.8%
1Y
3.8%
SKE
CA$32.59
Skeena Resources
7D
-3.8%
1Y
148.2%
SCZ
CA$11.71
Santacruz Silver Mining
7D
-9.6%
1Y
964.5%
USA
CA$7.60
Americas Gold and Silver
7D
-5.1%
1Y
452.7%
FM
CA$35.17
First Quantum Minerals
7D
3.8%
1Y
84.6%
CGG
CA$27.72
China Gold International Resources
7D
-2.8%
1Y
298.8%

There's Reason For Concern Over China Gold International Resources Corp. Ltd.'s (TSE:CGG) Massive 27% Price Jump

Dec 03
There's Reason For Concern Over China Gold International Resources Corp. Ltd.'s (TSE:CGG) Massive 27% Price Jump