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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedApr 25, 2024
DataAggregated Company Financials
Companies1236
  • 7D-1.8%
  • 3M16.1%
  • 1Y-6.2%
  • YTD11.9%

Over the last 7 days, the Metals and Mining industry has dropped 1.8%, driven by Ivanhoe Mines declining 0.7%. The industry has fallen 6.2% in the last year. As for the next few years, earnings are expected to grow by 29% per annum.

Industry Valuation and Performance

Has the Canadian Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Apr 2024CA$365.8bCA$102.7bCA$1.2b16.7x309.3x3.6x
Sun, 24 Mar 2024CA$330.4bCA$103.5bCA$1.3b13.3x255.9x3.2x
Tue, 20 Feb 2024CA$299.5bCA$100.7bCA$4.9b12.9x61x3x
Thu, 18 Jan 2024CA$325.8bCA$107.9bCA$1.8b12.6x184.9x3x
Sat, 16 Dec 2023CA$344.0bCA$107.1bCA$1.7b13.1x201.4x3.2x
Mon, 13 Nov 2023CA$318.7bCA$109.4bCA$2.2b11.9x145.3x2.9x
Wed, 11 Oct 2023CA$339.7bCA$105.5bCA$1.5b11x219.4x3.2x
Fri, 08 Sep 2023CA$354.6bCA$105.0bCA$1.8b11x202.1x3.4x
Sun, 06 Aug 2023CA$368.1bCA$103.4bCA$951.9m11.9x386.7x3.6x
Tue, 04 Jul 2023CA$360.7bCA$104.0bCA$2.5b12x146.4x3.5x
Thu, 01 Jun 2023CA$361.7bCA$105.9bCA$2.7b14.2x133.7x3.4x
Sat, 29 Apr 2023CA$396.5bCA$106.4bCA$4.5b14x87.7x3.7x
Mon, 27 Mar 2023CA$365.7bCA$109.0bCA$6.9b13.7x53.1x3.4x
Wed, 22 Feb 2023CA$346.6bCA$111.9bCA$9.7b12.8x35.8x3.1x
Fri, 20 Jan 2023CA$370.5bCA$113.7bCA$12.0b12.7x30.7x3.3x
Sun, 18 Dec 2022CA$337.4bCA$115.0bCA$12.2b10.9x27.6x2.9x
Tue, 15 Nov 2022CA$329.2bCA$113.0bCA$13.2b9.5x24.9x2.9x
Thu, 13 Oct 2022CA$298.5bCA$116.6bCA$16.4b8.9x18.2x2.6x
Sat, 10 Sep 2022CA$302.8bCA$111.8bCA$15.7b9.4x19.3x2.7x
Mon, 08 Aug 2022CA$297.4bCA$110.5bCA$15.4b9.7x19.4x2.7x
Wed, 06 Jul 2022CA$294.6bCA$108.1bCA$14.7b9.6x20x2.7x
Fri, 03 Jun 2022CA$360.3bCA$105.5bCA$14.4b12.3x25x3.4x
Sun, 01 May 2022CA$389.8bCA$104.4bCA$14.5b11x26.9x3.7x
Tue, 29 Mar 2022CA$429.1bCA$104.7bCA$14.3b11.7x30.1x4.1x
Thu, 24 Feb 2022CA$395.9bCA$102.6bCA$12.3b10.7x32.3x3.9x
Sat, 22 Jan 2022CA$369.4bCA$100.6bCA$12.7b10.2x29.2x3.7x
Mon, 20 Dec 2021CA$359.0bCA$102.4bCA$13.0b9.5x27.6x3.5x
Wed, 17 Nov 2021CA$397.2bCA$100.3bCA$12.8b11x31x4x
Fri, 15 Oct 2021CA$359.6bCA$95.1bCA$12.1b10.4x29.7x3.8x
Sun, 12 Sep 2021CA$359.8bCA$95.2bCA$12.3b10.9x29.2x3.8x
Tue, 10 Aug 2021CA$353.2bCA$95.4bCA$12.5b11.6x28.2x3.7x
Mon, 03 May 2021CA$355.9bCA$89.0bCA$9.8b14.7x36.4x4x
Price to Earnings Ratio

36.4x


Total Market Cap: CA$355.9bTotal Earnings: CA$9.8bTotal Revenue: CA$89.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 364.2x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Metals and Mining 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 309x which is lower than its 3-year average PE of 364x.
  • The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 51% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.9% 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 Market0.68%
Materials-1.30%
Metals and Mining-1.75%
Precious Metals and Minerals2.18%
Copper0.029%
Aluminum0%
Silver-1.05%
Steel-1.28%
Gold-1.38%
Diversified Metals and Mining-3.63%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry even though it's trading below its 3-year average PE ratio of 566x.
    • Analysts are expecting annual earnings growth of 10.1%, which is higher than its past year's earnings decline of 53.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 82% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Precious Metals and Minerals 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?

CompanyLast Price7D1YValuation
TECK.B Teck ResourcesCA$67.652.9%
+CA$1.0b		9.0%PE21.8x
WPM Wheaton Precious MetalsCA$73.411.2%
+CA$398.9m		8.2%PE45.3x
K Kinross GoldCA$9.202.6%
+CA$282.7m		33.1%PE19.9x
NGEX NGEx MineralsCA$9.9511.9%
+CA$198.9m		62.6%PB25.4x
SIL SilverCrest MetalsCA$11.5711.3%
+CA$172.1m		29.0%PE10.7x
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Latest News

TECK.B

CA$67.65

Teck Resources

7D

2.9%

1Y

9.0%

SIL

CA$11.57

SilverCrest Metals

7D

11.3%

1Y

29.0%

Analyst Forecasts For SilverCrest Metals Inc. (TSE:SIL) Are Surging Higher

Apr 25
Analyst Forecasts For SilverCrest Metals Inc. (TSE:SIL) Are Surging Higher

FM

CA$16.24

First Quantum Minerals

7D

0.9%

1Y

-50.8%

RGD

CA$0.62

Reunion Gold

7D

26.5%

1Y

42.5%

EQX

CA$7.16

Equinox Gold

7D

-11.6%

1Y

6.2%

EDV

CA$28.90

Endeavour Mining

7D

-2.0%

1Y

-17.7%

Is Endeavour Mining (TSE:EDV) Using Too Much Debt?

Apr 24
Is Endeavour Mining (TSE:EDV) Using Too Much Debt?

ERO

CA$26.06

Ero Copper

7D

-6.9%

1Y

-2.3%

LUN

CA$15.60

Lundin Mining

7D

-2.8%

1Y

48.7%

FNV

CA$166.12

Franco-Nevada

7D

-0.8%

1Y

-20.4%

NGEX

CA$9.95

NGEx Minerals

7D

11.9%

1Y

62.6%

We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth

Apr 17
We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth

BTO

CA$3.52

B2Gold

7D

-2.8%

1Y

-35.4%

WPM

CA$73.41

Wheaton Precious Metals

7D

1.2%

1Y

8.2%

Wheaton Precious Metals (TSE:WPM) Shareholders Will Want The ROCE Trajectory To Continue

Apr 16
Wheaton Precious Metals (TSE:WPM) Shareholders Will Want The ROCE Trajectory To Continue

TFPM

CA$22.08

Triple Flag Precious Metals

7D

2.5%

1Y

-2.4%

Analyst Forecasts For Triple Flag Precious Metals Corp. (TSE:TFPM) Are Surging Higher

Apr 11
Analyst Forecasts For Triple Flag Precious Metals Corp. (TSE:TFPM) Are Surging Higher

IVN

CA$19.22

Ivanhoe Mines

7D

-0.7%

1Y

57.7%

PAAS

CA$25.91

Pan American Silver

7D

-1.3%

1Y

8.2%

K

CA$9.20

Kinross Gold

7D

2.6%

1Y

33.1%