Calculating The Intrinsic Value Of Kinross Gold Corporation (TSE:K)
Dec 18
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Canadian (TSX) Metals and Mining Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies1220
- 7D-4.1%
- 3M-6.0%
- 1Y16.6%
- YTD18.3%
Over the last 7 days, the Metals and Mining industry has dropped 4.1%, driven by Barrick Gold declining 7.0%. In contrast, Rupert Resources has gained 11%. In the past year, the industry has gained 17%. As for the next few years, earnings are expected to grow by 35% per annum.
Industry Valuation and Performance
Has the Canadian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | CA$385.2b | CA$111.8b | CA$482.8m | 12.6x | 797.9x | 3.4x |
| Tue, 19 Nov 2024 | CA$399.4b | CA$110.1b | CA$488.1m | 12.9x | 818.3x | 3.6x |
| Thu, 17 Oct 2024 | CA$431.6b | CA$106.4b | -CA$373,069,729.04 | 17.6x | -1157x | 4.1x |
| Sat, 14 Sep 2024 | CA$405.9b | CA$105.8b | -CA$668,362,503.43 | 16x | -607.4x | 3.8x |
| Mon, 12 Aug 2024 | CA$371.3b | CA$105.7b | -CA$691,959,884.47 | 14.7x | -536.6x | 3.5x |
| Wed, 10 Jul 2024 | CA$391.4b | CA$104.5b | -CA$548,482,480.96 | 15.5x | -713.7x | 3.7x |
| Fri, 07 Jun 2024 | CA$384.8b | CA$104.7b | -CA$613,721,597.94 | 17.2x | -627.1x | 3.7x |
| Sun, 05 May 2024 | CA$374.4b | CA$103.7b | CA$41.2m | 17.1x | 9080.3x | 3.6x |
| Tue, 02 Apr 2024 | CA$346.0b | CA$102.6b | CA$1.5b | 14.6x | 231.3x | 3.4x |
| Thu, 29 Feb 2024 | CA$291.9b | CA$103.0b | CA$2.4b | 13.6x | 121.1x | 2.8x |
| Sat, 27 Jan 2024 | CA$333.0b | CA$107.5b | CA$1.7b | 12.7x | 194.4x | 3.1x |
| Mon, 25 Dec 2023 | CA$349.2b | CA$106.4b | CA$1.7b | 13.8x | 205.1x | 3.3x |
| Wed, 22 Nov 2023 | CA$327.1b | CA$109.0b | CA$1.7b | 12.1x | 193x | 3x |
| Fri, 20 Oct 2023 | CA$349.6b | CA$106.2b | CA$1.6b | 11.3x | 223.7x | 3.3x |
| Sun, 17 Sep 2023 | CA$366.6b | CA$104.3b | CA$1.7b | 11.3x | 218.6x | 3.5x |
| Tue, 15 Aug 2023 | CA$361.7b | CA$104.2b | CA$1.5b | 10.7x | 245.7x | 3.5x |
| Thu, 13 Jul 2023 | CA$372.7b | CA$103.6b | CA$2.4b | 11.8x | 152.3x | 3.6x |
| Sat, 10 Jun 2023 | CA$366.4b | CA$104.4b | CA$2.5b | 12.8x | 146.8x | 3.5x |
| Mon, 08 May 2023 | CA$407.4b | CA$104.6b | CA$3.4b | 16.9x | 118.8x | 3.9x |
| Wed, 05 Apr 2023 | CA$391.4b | CA$107.2b | CA$5.1b | 14.8x | 76.4x | 3.6x |
| Fri, 03 Mar 2023 | CA$354.7b | CA$108.3b | CA$8.1b | 14.2x | 43.8x | 3.3x |
| Sun, 29 Jan 2023 | CA$373.7b | CA$112.8b | CA$12.0b | 13x | 31.2x | 3.3x |
| Tue, 27 Dec 2022 | CA$341.0b | CA$114.5b | CA$12.1b | 11.6x | 28.2x | 3x |
| Thu, 24 Nov 2022 | CA$332.5b | CA$112.9b | CA$12.1b | 10.3x | 27.5x | 2.9x |
| Sat, 22 Oct 2022 | CA$301.5b | CA$116.1b | CA$16.3b | 8.7x | 18.5x | 2.6x |
| Mon, 19 Sep 2022 | CA$293.4b | CA$113.3b | CA$15.8b | 9.3x | 18.5x | 2.6x |
| Wed, 17 Aug 2022 | CA$308.8b | CA$110.5b | CA$15.8b | 9.9x | 19.5x | 2.8x |
| Fri, 15 Jul 2022 | CA$281.3b | CA$108.6b | CA$14.6b | 9.4x | 19.2x | 2.6x |
| Sun, 12 Jun 2022 | CA$368.2b | CA$106.5b | CA$14.5b | 12.6x | 25.4x | 3.5x |
| Tue, 10 May 2022 | CA$372.4b | CA$106.7b | CA$14.3b | 11x | 26.1x | 3.5x |
| Thu, 07 Apr 2022 | CA$416.7b | CA$100.2b | CA$13.3b | 12x | 31.4x | 4.2x |
| Sat, 05 Mar 2022 | CA$427.4b | CA$104.8b | CA$14.1b | 11.7x | 30.2x | 4.1x |
| Mon, 31 Jan 2022 | CA$354.2b | CA$102.1b | CA$12.8b | 10.2x | 27.6x | 3.5x |
| Wed, 29 Dec 2021 | CA$371.0b | CA$102.4b | CA$12.9b | 10x | 28.7x | 3.6x |
Price to Earnings Ratio
28.7x
Current Industry PE
- Investors are optimistic on the Canadian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 798x which is higher than its 3-year average PE of 243x.
- The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 67% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.0% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | -2.58% | |
| Materials | -4.07% | |
| Metals and Mining | -4.10% | |
| Aluminum | 0% | |
| Steel | -0.98% | |
| Copper | -2.39% | |
| Diversified Metals and Mining | -3.98% | |
| Gold | -4.03% | |
| Silver | -7.23% | |
| Precious Metals and Minerals | -8.40% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 31.9x.
- Analysts are expecting annual earnings growth of 31.4%, which is lower than the prior year's growth of 55.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 78% over the next 5 years.
- However this is lower than its past earnings growth rate of 132% per year.
- In contrast, the Steel industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RUP Rupert Resources | CA$4.55 | 11.2% +CA$99.5m | 19.4% | PB5.1x | |
| NGEX NGEx Minerals | CA$13.22 | 3.7% +CA$97.3m | 71.0% | PB56.9x | |
| TXG Torex Gold Resources | CA$28.20 | 4.0% +CA$92.9m | 79.6% | PE13.5x | |
| PMET Patriot Battery Metals | CA$3.37 | 20.4% +CA$80.7m | -65.4% | PB1.9x | |
| ALDE Aldebaran Resources | CA$2.12 | 22.5% +CA$66.3m | 133.0% | PE191.6x |