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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies1234
  • 7D2.5%
  • 3M0.1%
  • 1Y-7.6%
  • YTD1.9%

Over the last 7 days, the Metals and Mining industry has risen 2.5%, driven by gains in Teck Resources and Ivanhoe Mines of 7.3% and 8.8%, respectively. In contrast, the industry has lost 7.6% in the last 12 months. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024CA$331.1bCA$103.1bCA$1.4b13.1x242.1x3.2x
Thu, 15 Feb 2024CA$289.4bCA$100.6bCA$3.1b12.1x94x2.9x
Sat, 13 Jan 2024CA$340.9bCA$107.3bCA$1.7b12.9x195.6x3.2x
Mon, 11 Dec 2023CA$335.3bCA$108.3bCA$1.8b12.8x189.3x3.1x
Wed, 08 Nov 2023CA$332.9bCA$108.0bCA$1.8b13.5x180.8x3.1x
Fri, 06 Oct 2023CA$334.0bCA$106.2bCA$1.6b11.2x207.7x3.1x
Sun, 03 Sep 2023CA$366.4bCA$104.6bCA$1.7b11.3x212.2x3.5x
Tue, 01 Aug 2023CA$380.2bCA$101.7bCA$995.3m13.1x381.9x3.7x
Thu, 29 Jun 2023CA$352.6bCA$104.0bCA$2.4b12.1x145.3x3.4x
Sat, 27 May 2023CA$365.5bCA$106.0bCA$2.7b13.9x135.2x3.4x
Mon, 24 Apr 2023CA$395.3bCA$107.8bCA$5.2b13.7x75.8x3.7x
Wed, 22 Mar 2023CA$355.6bCA$108.8bCA$7.1b13.2x50.1x3.3x
Fri, 17 Feb 2023CA$351.9bCA$112.9bCA$9.8b12.3x36x3.1x
Sun, 15 Jan 2023CA$373.7bCA$113.3bCA$12.0b13.2x31.2x3.3x
Tue, 13 Dec 2022CA$341.7bCA$114.6bCA$12.2b10.8x28.1x3x
Thu, 10 Nov 2022CA$312.2bCA$114.0bCA$13.8b8.5x22.6x2.7x
Sat, 08 Oct 2022CA$300.7bCA$115.9bCA$16.3b9.1x18.5x2.6x
Mon, 05 Sep 2022CA$287.7bCA$112.1bCA$15.7b9.1x18.3x2.6x
Wed, 03 Aug 2022CA$291.4bCA$110.0bCA$16.2b9.2x18x2.6x
Fri, 01 Jul 2022CA$302.7bCA$106.9bCA$14.5b10.6x20.8x2.8x
Sun, 29 May 2022CA$366.0bCA$105.8bCA$14.4b11.8x25.4x3.5x
Tue, 26 Apr 2022CA$401.8bCA$101.1bCA$13.4b11.3x29.9x4x
Thu, 24 Mar 2022CA$436.3bCA$104.1bCA$14.0b11.5x31.3x4.2x
Sat, 19 Feb 2022CA$399.8bCA$102.8bCA$12.4b11.1x32.3x3.9x
Mon, 17 Jan 2022CA$369.5bCA$100.7bCA$12.7b10.2x29.2x3.7x
Wed, 15 Dec 2021CA$355.9bCA$102.6bCA$13.1b9.2x27.1x3.5x
Fri, 12 Nov 2021CA$394.5bCA$99.0bCA$12.0b11.1x33x4x
Sun, 10 Oct 2021CA$342.4bCA$95.8bCA$12.2b10x28x3.6x
Tue, 07 Sep 2021CA$368.2bCA$95.2bCA$12.3b11.1x29.9x3.9x
Thu, 05 Aug 2021CA$366.6bCA$95.4bCA$12.5b12x29.3x3.8x
Sun, 09 May 2021CA$355.9bCA$89.0bCA$9.8b14.7x36.4x4x
Price to Earnings Ratio

33.5x


Total Market Cap: CA$328.2bTotal 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 359.2x202220232024
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 242x which is lower than its 3-year average PE of 359x.
  • The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 48% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.0% 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 Market0.24%
Materials1.89%
Metals and Mining2.51%
Copper11.38%
Diversified Metals and Mining5.38%
Precious Metals and Minerals2.44%
Silver2.27%
Aluminum0%
Gold-0.036%
Steel-1.56%
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 565x.
    • Analysts are expecting annual earnings growth of 8.8%, which is higher than its past year's earnings decline of 47.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings growth rate of 18% 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?

CompanyLast Price7D1YValuation
TECK.B Teck ResourcesCA$60.107.3%
+CA$2.1b
24.7%PE12.8x
IVN Ivanhoe MinesCA$15.988.8%
+CA$1.9b
38.4%PE47x
FM First Quantum MineralsCA$14.6912.4%
+CA$1.3b
-45.3%PS1.4x
LUN Lundin MiningCA$13.2614.1%
+CA$1.3b
68.7%PE31.4x
FNV Franco-NevadaCA$157.732.9%
+CA$841.7m
-20.2%PS18.4x
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Latest News

WPM

CA$59.79

Wheaton Precious Metals

7D

-1.4%

1Y

-5.0%

ERO

CA$25.02

Ero Copper

7D

9.5%

1Y

10.5%

AGI

CA$18.12

Alamos Gold

7D

-2.3%

1Y

16.5%

TECK.B

CA$60.10

Teck Resources

7D

7.3%

1Y

24.7%

BTO

CA$3.46

B2Gold

7D

-4.2%

1Y

-31.9%

SSRM

CA$5.46

SSR Mining

7D

-7.0%

1Y

-72.1%

FM

CA$14.69

First Quantum Minerals

7D

12.4%

1Y

-45.3%

FNV

CA$157.73

Franco-Nevada

7D

2.9%

1Y

-20.2%

GLO

CA$2.17

Global Atomic

7D

-29.5%

1Y

-19.9%

IVN

CA$15.98

Ivanhoe Mines

7D

8.8%

1Y

38.4%

ABX

CA$21.17

Barrick Gold

7D

-1.1%

1Y

-14.9%

LUN

CA$13.26

Lundin Mining

7D

14.1%

1Y

68.7%

YRI

CA$7.88

Yamana Gold

7D

-1.7%

1Y

6.3%