Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Materials Sector Analysis

UpdatedDec 03, 2025
DataAggregated Company Financials
Companies1209
  • 7D1.4%
  • 3M26.6%
  • 1Y78.3%
  • YTD84.4%

Over the last 7 days, the Materials industry has risen 1.4%, and China Gold International Resources contributed the most with a gain of 16%. This takes the industry's 12 month performance to a gain of 78%. 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
Wed, 03 Dec 2025CA$902.8bCA$212.6bCA$21.8b19.5x41.4x4.2x
Fri, 31 Oct 2025CA$789.8bCA$203.4bCA$16.4b19.3x48.2x3.9x
Sun, 28 Sep 2025CA$817.6bCA$202.9bCA$14.9b21x55x4x
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
Price to Earnings Ratio

14.9x


Total Market Cap: CA$440.6bTotal Earnings: CA$29.6bTotal Revenue: CA$226.5bTotal 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 41.4x 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 4.2x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 9.7% per year over the last three years,
  • Revenues have also declined 2.1% 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 Market-0.11%
Materials1.43%
Basic Materials5.86%
Chemicals2.90%
Metals and Mining1.49%
Packaging-2.08%
Paper and Forestry Products-2.23%
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 27.1%, which is lower than the prior year's growth of 71.9% 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
CGG China Gold International ResourcesCA$29.6315.9%
+CA$1.6b		331.9%PE20.6x
AG First Majestic SilverCA$22.1917.0%
+CA$1.6b		151.3%PE114.1x
FM First Quantum MineralsCA$31.535.5%
+CA$1.4b		60.2%PE406x
PAAS Pan American SilverCA$62.674.8%
+CA$1.2b		97.0%PE29.8x
NTR NutrienCA$82.872.9%
+CA$1.1b		22.6%PE15.8x

Latest News

AG
CA$22.19
First Majestic Silver
7D
17.0%
1Y
151.3%

There's Reason For Concern Over First Majestic Silver Corp.'s (TSE:AG) Massive 26% Price Jump

Dec 03
There's Reason For Concern Over First Majestic Silver Corp.'s (TSE:AG) Massive 26% Price Jump
CGG
CA$29.63
China Gold International Resources
7D
15.9%
1Y
331.9%

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
GMIN
CA$33.39
G Mining Ventures
7D
7.4%
1Y
210.3%
PAAS
CA$62.67
Pan American Silver
7D
4.8%
1Y
97.0%

Pan American Silver Corp. (TSE:PAAS) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected

Dec 02
Pan American Silver Corp. (TSE:PAAS) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected
IVN
CA$14.38
Ivanhoe Mines
7D
2.7%
1Y
-25.3%

IVN: Copper Output Will Accelerate Following Ramp-Up At High-Grade Kamoa-Kakula

Ivanhoe Mines’ analyst price target has recently inched higher, with the fair value estimate rising from $18.40 to $18.55. Analysts cite improved copper output expectations and higher commodity price forecasts as reasons for the increase.
FNV
CA$284.14
Franco-Nevada
7D
-2.5%
1Y
65.2%

FNV: Rising Precious Metal Prices And New Asset Contributions Will Drive Upside Momentum

The analyst consensus price target for Franco-Nevada has edged higher from approximately $341.26 to $343.38. Analysts cite ongoing strong commodity prices, updated royalty valuations, and continued optimism for key asset contributions as supporting factors behind the modest increase.
CCL.B
CA$83.70
CCL Industries
7D
-2.2%
1Y
6.8%

CCL.B: Recent Share Buyback And Ratings Upgrades Will Drive Stronger Momentum

CCL Industries' analyst price target has increased from C$96.30 to C$97.20. This change reflects analysts' improved outlook based on upward revisions to peer research price targets and supporting valuation metrics.
IMG
CA$20.93
IAMGOLD
7D
-2.7%
1Y
162.6%

IMG: Future Buyback Plan And Resource Expansion Signal Balanced Opportunity Ahead

Analysts have modestly increased their price target for IAMGOLD, raising it from $23.73 to $24.22 per share. This change is based on improvements in projected revenue growth and profit margins.
DSV
CA$8.20
Discovery Silver
7D
18.3%
1Y
864.7%
LUG
CA$112.15
Lundin Gold
7D
-4.3%
1Y
220.4%

LUG: Recent Gold Price Rally Will Limit Further Upside For Shares

The analyst price target for Lundin Gold has increased from C$92.17 to C$93.42, as analysts cite a more favorable outlook due to rising gold price forecasts and improved financial projections. Analyst Commentary Recent analyst coverage has reflected notable shifts in sentiment towards Lundin Gold following adjustments to commodity price forecasts and company valuation.
SSRM
CA$30.34
SSR Mining
7D
-4.6%
1Y
257.8%

SSRM: Rising Precious Metals Prices Will Drive Profitability And Cash Flow Expansion

SSR Mining's analyst price target has seen an upward revision, increasing by $0.05. Analysts cite improving profit margins and refreshed metals price forecasts as supporting factors for the company's positive outlook.
OGC
CA$34.37
OceanaGold
7D
-3.0%
1Y
157.5%
FM
CA$31.53
First Quantum Minerals
7D
5.5%
1Y
60.2%
EDV
CA$63.74
Endeavour Mining
7D
-2.3%
1Y
128.5%

EDV: Elevated Gold Prices Will Support 25% Output Expansion Through 2030

Analysts have modestly increased their fair value estimate for Endeavour Mining from $72.40 to $74.53. They cite recent shifts in price targets as well as evolving outlooks on gold prices and sector risks.
NTR
CA$82.87
Nutrien
7D
2.9%
1Y
22.6%

NTR: Portfolio Streamlining And Asset Sales Will Drive Sector Outperformance Ahead

Nutrien's analyst price target has been modestly reduced by $0.21 to $88.43. Analysts cite ongoing sector headwinds, including weaker crop prices, portfolio adjustments, and a more balanced risk-reward outlook, despite solid recent performance.
AGI
CA$50.58
Alamos Gold
7D
-2.0%
1Y
83.7%