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Canadian (TSX) Materials Sector Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies1226
  • 7D-9.2%
  • 3M-14.5%
  • 1Y57.8%
  • YTD-0.07%

Over the last 7 days, the Materials industry has dropped 9.2%, driven by Wheaton Precious Metals declining 9.2%. On the other hand Tintina Mines is actually up 205%. This takes the industry's 12 month performance to a gain of 58%. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026CA$966.3bCA$244.8bCA$37.5b14.6x25.8x3.9x
Wed, 06 May 2026CA$980.6bCA$224.8bCA$30.2b15.9x32.4x4.4x
Fri, 03 Apr 2026CA$1.1tCA$224.7bCA$29.3b17.2x36.4x4.7x
Sun, 01 Mar 2026CA$1.3tCA$219.6bCA$27.7b20.5x45.3x5.7x
Tue, 27 Jan 2026CA$1.2tCA$210.5bCA$20.8b26.1x56x5.5x
Thu, 25 Dec 2025CA$985.1bCA$209.6bCA$20.7b20.7x47.6x4.7x
Sat, 22 Nov 2025CA$805.0bCA$213.9bCA$22.1b17.9x36.5x3.8x
Mon, 20 Oct 2025CA$843.6bCA$202.8bCA$15.1b20.6x55.9x4.2x
Wed, 17 Sep 2025CA$762.8bCA$200.8bCA$14.6b18.7x52.2x3.8x
Fri, 15 Aug 2025CA$652.8bCA$201.6bCA$14.5b16.7x45.1x3.2x
Sun, 13 Jul 2025CA$615.0bCA$193.1bCA$9.8b15.9x62.9x3.2x
Tue, 10 Jun 2025CA$597.8bCA$194.1bCA$10.1b15.4x59.2x3.1x
Thu, 08 May 2025CA$563.6bCA$192.5bCA$9.1b14.1x61.8x2.9x
Sat, 05 Apr 2025CA$519.0bCA$192.8bCA$7.0b12.3x74.4x2.7x
Mon, 03 Mar 2025CA$506.7bCA$194.0bCA$4.8b12.1x105x2.6x
Wed, 29 Jan 2025CA$490.3bCA$199.3bCA$1.7b14x297x2.5x
Fri, 27 Dec 2024CA$471.8bCA$199.4bCA$1.5b12.8x315.9x2.4x
Sun, 24 Nov 2024CA$500.0bCA$195.0bCA$1.2b13.7x408.4x2.6x
Tue, 22 Oct 2024CA$532.4bCA$193.0bCA$1.5b17.8x357.1x2.8x
Thu, 19 Sep 2024CA$490.9bCA$191.0bCA$1.1b16.7x437.8x2.6x
Sat, 17 Aug 2024CA$470.1bCA$191.6bCA$1.1b15.1x433.6x2.5x
Mon, 15 Jul 2024CA$490.9bCA$191.5bCA$1.1b14.8x449.6x2.6x
Wed, 12 Jun 2024CA$464.3bCA$192.6bCA$976.0m16.6x475.7x2.4x
Fri, 10 May 2024CA$465.6bCA$191.4bCA$1.1b17.6x406.2x2.4x
Sun, 07 Apr 2024CA$449.4bCA$190.5bCA$3.5b17.7x127.6x2.4x
Tue, 05 Mar 2024CA$389.5bCA$191.0bCA$4.6b15x85.5x2x
Thu, 01 Feb 2024CA$410.0bCA$199.8bCA$5.3b13.1x77x2.1x
Sat, 30 Dec 2023CA$428.1bCA$197.9bCA$5.2b14.1x81.8x2.2x
Mon, 27 Nov 2023CA$411.4bCA$201.7bCA$5.4b11.9x76.8x2x
Wed, 25 Oct 2023CA$423.9bCA$204.8bCA$7.4b11x56.9x2.1x
Fri, 22 Sep 2023CA$435.6bCA$202.6bCA$7.5b10.8x58.4x2.1x
Sun, 20 Aug 2023CA$431.1bCA$202.3bCA$7.3b12.1x59.1x2.1x
Tue, 18 Jul 2023CA$460.4bCA$207.3bCA$14.5b11.1x31.9x2.2x
Thu, 15 Jun 2023CA$451.3bCA$208.7bCA$14.6b11.3x30.9x2.2x
Price to Earnings Ratio

30.9x


Total Market Cap: CA$451.3bTotal Earnings: CA$14.6bTotal Revenue: CA$208.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Materials Sector Price to Earnings3Y Average 259.4x202420252026
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 25.8x which is lower than its 3-year average PE of 259x.
  • The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 5.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Materials sector?

CA Market-0.64%
Materials-9.19%
Paper and Forestry Products0.68%
Packaging-0.017%
Chemicals-1.51%
Basic Materials-3.20%
Metals and Mining-10.03%
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 15.6%, which is lower than the prior year's growth of 139.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 50% over the next 5 years.
  • However this is lower than its past earnings growth rate of 71% per year.
  • In contrast, the Chemicals industry is expected to see its earnings grow by 3.4% 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
TTS Tintina MinesCA$1.89204.8%
+CA$189.4m		656.0%PB140.2x
SJ Stella-JonesCA$81.683.8%
+CA$161.5m		3.6%PE14.7x
DBG Doubleview GoldCA$2.8212.4%
+CA$72.2m		320.9%PB18.1x
AAUC Allied GoldCA$35.771.3%
+CA$56.6m		73.6%PS2.3x
WPK WinpakCA$40.902.1%
+CA$49.9m		-8.4%PE12.9x

Latest News

TECK.B
CA$85.90
Teck Resources
7D
-8.5%
1Y
61.0%
SJ
CA$81.68
Stella-Jones
7D
3.8%
1Y
3.6%
LUN
CA$37.22
Lundin Mining
7D
-11.5%
1Y
159.0%
Narrative Update • Jun 06

LUN: Future Returns Will Reflect Caserones Ownership Increase And Mixed Copper Sentiment

Analysts have slightly raised the Lundin Mining fair value estimate to CA$40.80 from CA$39.80, citing updated assumptions for revenue growth, profit margins, discount rate, and future P/E. These revisions align with a mixed set of recent price target changes and rating actions across the Street.
HBM
CA$35.72
Hudbay Minerals
7D
-15.7%
1Y
167.0%
Narrative Update • Jun 06

HBM: Copper Upside Will Depend On Execution Of New Share Buyback Plan

Analysts have nudged their fair value estimate for Hudbay Minerals higher to CA$43.00 from CA$41.34, reflecting updated assumptions on discount rate, revenue growth, profit margins and future P/E after recent price target moves around the stock, including fresh Overweight ratings in broader sector research. Analyst Commentary Recent research coverage has focused on where Hudbay Minerals fits within broader metals and mining themes, as well as how its valuation compares with sector peers.
K
CA$36.50
Kinross Gold
7D
-9.4%
1Y
76.7%
PAAS
CA$66.24
Pan American Silver
7D
-13.8%
1Y
65.6%
FAN
CA$1.28
First Atlantic Nickel & Cobalt
7D
33.3%
1Y
540.0%
TTS
CA$1.89
Tintina Mines
7D
204.8%
1Y
656.0%
ABX
CA$54.91
Barrick Mining
7D
-6.2%
1Y
97.6%
WPM
CA$161.89
Wheaton Precious Metals
7D
-9.2%
1Y
32.7%
Narrative Update • Jun 02

WPM: Robust Pipeline And Higher Dividend Will Support Future Upside Potential

Analysts have nudged their CA$ price targets for Wheaton Precious Metals slightly higher, reflecting updated models after recent quarterly results, modestly higher fair value estimates near CA$222, a small adjustment to discount rates, and refreshed assumptions for growth, margins, and future P/E multiples. Analyst Commentary Across recent research, price targets for Wheaton Precious Metals have been revised in both directions, with several increases clustered around quarterly updates and refreshed company guidance.
AAUC
CA$35.77
Allied Gold
7D
1.3%
1Y
73.6%
Narrative Update • Jun 02

AAUC: Rising Output And Zijin Deal Progress Will Drive Further Upside

Analysts have maintained their CA$44.03 price target for Allied Gold, with the recent upgrade to Buy supported by updated assumptions for the discount rate, revenue growth and profit margin. What's in the News Zijin Gold International's proposed CA$4b all cash acquisition of Allied Gold has been delayed due to ongoing regulatory review in China, with the completion deadline now extended to July 29, 2026.
FM
CA$40.02
First Quantum Minerals
7D
-8.0%
1Y
86.1%
DBG
CA$2.82
Doubleview Gold
7D
12.4%
1Y
320.9%
ACM
CA$2.25
Allied Critical Metals
7D
10.3%
1Y
837.5%
WPK
CA$40.90
Winpak
7D
2.1%
1Y
-8.4%
EOX
CA$0.06
Euromax Resources
7D
140.0%
1Y
300.0%