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Canadian (TSX) Materials Sector Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies1205
  • 7D-1.3%
  • 3M23.2%
  • 1Y80.2%
  • YTD84.3%

The Materials is pretty flat in the last 7 days, but China Gold International Resources has stood out, gaining 15%. As for the the longer term, the industry is up 81% over the past 12 months. 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
Sat, 06 Dec 2025CA$908.1bCA$210.6bCA$21.4b19.6x42.5x4.3x
Mon, 03 Nov 2025CA$796.5bCA$204.4bCA$16.7b19.6x47.7x3.9x
Wed, 01 Oct 2025CA$823.4bCA$201.7bCA$14.9b21x55.2x4.1x
Fri, 29 Aug 2025CA$684.9bCA$201.5bCA$14.8b17.6x46.4x3.4x
Sun, 27 Jul 2025CA$615.8bCA$193.3bCA$10.0b16.2x61.8x3.2x
Tue, 24 Jun 2025CA$601.5bCA$193.7bCA$9.9b15.4x60.8x3.1x
Thu, 22 May 2025CA$519.1bCA$177.6bCA$7.2b13.3x72.2x2.9x
Sat, 19 Apr 2025CA$550.4bCA$188.8bCA$6.6b13.9x83.3x2.9x
Mon, 17 Mar 2025CA$535.0bCA$193.6bCA$6.6b13.5x80.9x2.8x
Wed, 12 Feb 2025CA$528.8bCA$198.3bCA$1.7b13.3x311.8x2.7x
Fri, 10 Jan 2025CA$487.6bCA$199.2bCA$1.5b13.5x327.3x2.4x
Sun, 08 Dec 2024CA$492.4bCA$196.8bCA$1.3b13.8x379.3x2.5x
Tue, 05 Nov 2024CA$510.2bCA$190.6bCA$285.7m14.6x1785.9x2.7x
Thu, 03 Oct 2024CA$501.0bCA$189.4bCA$1.4b16.2x368.8x2.6x
Sat, 31 Aug 2024CA$479.2bCA$189.6bCA$1.1b17.2x451.8x2.5x
Mon, 29 Jul 2024CA$474.6bCA$192.8bCA$1.5b16.3x319.2x2.5x
Wed, 26 Jun 2024CA$455.3bCA$191.7bCA$1.0b15.6x440x2.4x
Fri, 24 May 2024CA$483.5bCA$192.5bCA$670.7m18x720.9x2.5x
Sun, 21 Apr 2024CA$454.1bCA$192.2bCA$3.6b18.1x124.7x2.4x
Tue, 19 Mar 2024CA$409.4bCA$190.7bCA$3.6b13.5x114.4x2.1x
Thu, 15 Feb 2024CA$362.6bCA$191.1bCA$6.6b13x54.9x1.9x
Sat, 13 Jan 2024CA$419.6bCA$199.5bCA$5.3b13.4x78.9x2.1x
Mon, 11 Dec 2023CA$414.2bCA$201.3bCA$5.4b12.8x76.6x2.1x
Wed, 08 Nov 2023CA$411.3bCA$201.9bCA$5.4b12.4x76.3x2x
Fri, 06 Oct 2023CA$414.1bCA$204.9bCA$7.5b11x54.9x2x
Sun, 03 Sep 2023CA$453.7bCA$202.9bCA$7.6b11.3x59.5x2.2x
Tue, 01 Aug 2023CA$470.6bCA$202.6bCA$11.3b13.1x41.6x2.3x
Thu, 29 Jun 2023CA$437.0bCA$207.9bCA$14.5b11x30.2x2.1x
Sat, 27 May 2023CA$447.2bCA$211.8bCA$15.1b12x29.7x2.1x
Mon, 24 Apr 2023CA$487.7bCA$218.7bCA$21.5b11.8x22.7x2.2x
Wed, 22 Mar 2023CA$451.8bCA$220.6bCA$23.6b10.8x19.2x2x
Fri, 17 Feb 2023CA$449.9bCA$223.1bCA$26.1b10.7x17.2x2x
Sun, 15 Jan 2023CA$469.5bCA$224.0bCA$29.2b11x16.1x2.1x
Tue, 13 Dec 2022CA$440.3bCA$226.5bCA$29.6b9.6x14.9x1.9x
Price to Earnings Ratio

14.9x


Total Market Cap: CA$440.3bTotal Earnings: CA$29.6bTotal Revenue: CA$226.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Materials Sector Price to Earnings3Y Average 256x202320242025
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 42.0x 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 4.3x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 10.0% per year over the last three years,
  • Revenues have also declined 2.2% 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-0.22%
Materials-1.33%
Chemicals2.23%
Basic Materials1.04%
Paper and Forestry Products-1.12%
Metals and Mining-1.51%
Packaging-2.65%
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 27.0%, which is lower than the prior year's growth of 63.9% 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 6.1% 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
TECK.B Teck ResourcesCA$62.364.8%
+CA$1.4b		-2.0%PE24.5x
FM First Quantum MineralsCA$33.314.6%
+CA$1.2b		63.4%PE433.6x
NTR NutrienCA$83.402.6%
+CA$1.0b		22.9%PE16.1x
CGG China Gold International ResourcesCA$29.468.5%
+CA$919.7m		328.8%PE20.7x
CS Capstone CopperCA$13.075.3%
+CA$503.9m		42.8%PE23.2x

Latest News

OLA
CA$17.10
Orla Mining
7D
-12.5%
1Y
141.2%
FM
CA$33.31
First Quantum Minerals
7D
4.6%
1Y
63.4%
USA
CA$6.33
Americas Gold and Silver
7D
1.6%
1Y
352.1%
DPM
CA$40.18
DPM Metals
7D
3.0%
1Y
213.2%
WPM
CA$149.57
Wheaton Precious Metals
7D
-2.5%
1Y
72.2%

WPM: Rising Gold And Silver Prices Will Drive Long-Term Upside

Analysts have nudged their price targets on Wheaton Precious Metals modestly higher, with incremental increases such as BofA's move to $133 and Scotiabank's lift to $128. These adjustments reflect expectations of stronger precious metals pricing and resilient demand despite a mixed global macro backdrop.
ABX
CA$56.79
Barrick Mining
7D
-2.8%
1Y
139.1%
CGG
CA$29.46
China Gold International Resources
7D
8.5%
1Y
328.8%

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
PAAS
CA$61.36
Pan American Silver
7D
-3.1%
1Y
95.4%

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
FNV
CA$281.14
Franco-Nevada
7D
-3.8%
1Y
64.8%

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.
TECK.B
CA$62.36
Teck Resources
7D
4.8%
1Y
-2.0%

TECK.B: Anglo Merger Progress And Critical Mineral Shifts Will Define Near-Term Direction

Teck Resources' consensus analyst price target has edged down slightly by less than $0.10, as analysts factor in both moderating valuation estimates and shifting sector outlooks. Analyst Commentary Recent analyst activity around Teck Resources reflects a mix of optimism and caution, as market participants weigh changes in base metals pricing, company strategy, and broader sector shifts.
LUG
CA$108.16
Lundin Gold
7D
-8.2%
1Y
212.2%

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.
CS
CA$13.07
Capstone Copper
7D
5.3%
1Y
42.8%

CS: Rising Gold Prices Will Drive Share Outperformance After Recent Project Developments

Capstone Copper’s analyst price target has been modestly reduced to C$15.01 from C$15.01, as analysts adjust their expectations in response to recent changes in growth and profitability outlooks. This reflects mixed sector research updates.
NTR
CA$83.40
Nutrien
7D
2.6%
1Y
22.9%

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$49.89
Alamos Gold
7D
-5.4%
1Y
84.9%
K
CA$37.73
Kinross Gold
7D
-4.2%
1Y
173.0%

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.
NFG
CA$4.31
New Found Gold
7D
30.2%
1Y
87.4%