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Canadian (TSX) Diversified Metals and Mining Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies694
  • 7D-12.9%
  • 3M-0.3%
  • 1Y37.0%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 12%, driven by pullbacks in Ivanhoe Mines and Teck Resources of 14% and 7.2%, respectively. Over the past 12 months, the industry was up 44%. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026CA$140.7bCA$18.8b-CA$284,118,616.5020.3x-495.2x7.5x
Sun, 15 Feb 2026CA$165.8bCA$18.0b-CA$325,297,236.5918.1x-509.7x9.2x
Tue, 13 Jan 2026CA$155.4bCA$18.1b-CA$323,813,654.6722.6x-479.8x8.6x
Thu, 11 Dec 2025CA$125.9bCA$18.0b-CA$318,050,498.1218.2x-395.9x7x
Sat, 08 Nov 2025CA$114.2bCA$18.3b-CA$322,745,197.2817.7x-353.9x6.3x
Mon, 06 Oct 2025CA$118.1bCA$17.5b-CA$1,241,486,104.5420.4x-95.1x6.8x
Wed, 03 Sep 2025CA$92.3bCA$17.4b-CA$1,271,755,990.7115.9x-72.6x5.3x
Fri, 01 Aug 2025CA$82.4bCA$17.1b-CA$1,220,003,745.6118.1x-67.5x4.8x
Sun, 29 Jun 2025CA$85.6bCA$16.7b-CA$1,531,295,216.0713.3x-55.9x5.1x
Tue, 27 May 2025CA$81.7bCA$17.0b-CA$1,275,382,640.5011.8x-64.1x4.8x
Thu, 24 Apr 2025CA$76.1bCA$16.1b-CA$2,302,326,165.7510.4x-33.1x4.7x
Sat, 22 Mar 2025CA$89.4bCA$16.3b-CA$1,970,081,349.6010.8x-45.4x5.5x
Mon, 17 Feb 2025CA$92.6bCA$23.8b-CA$205,381,211.4610.3x-450.7x3.9x
Wed, 15 Jan 2025CA$94.2bCA$23.8b-CA$379,043,467.6612.8x-248.5x4x
Fri, 13 Dec 2024CA$97.3bCA$23.7b-CA$439,410,033.3013.3x-221.3x4.1x
Sun, 10 Nov 2024CA$100.0bCA$23.7b-CA$319,848,085.3712.4x-312.6x4.2x
Tue, 08 Oct 2024CA$103.0bCA$22.3b-CA$87,457,422.9617.9x-1177.1x4.6x
Thu, 05 Sep 2024CA$88.4bCA$22.3b-CA$304,982,451.8716.7x-289.9x4x
Sat, 03 Aug 2024CA$93.4bCA$22.0b-CA$451,730,306.8613.8x-206.7x4.2x
Mon, 01 Jul 2024CA$93.0bCA$21.5b-CA$358,660,855.3414.6x-259.3x4.3x
Wed, 29 May 2024CA$101.1bCA$21.5b-CA$485,205,942.4517.7x-208.4x4.7x
Fri, 26 Apr 2024CA$96.1bCA$21.3b-CA$10,079,506.0419.3x-9532.2x4.5x
Sun, 24 Mar 2024CA$86.0bCA$21.0bCA$678.4m12.7x126.7x4.1x
Tue, 20 Feb 2024CA$77.3bCA$19.7bCA$371.6m12.9x208x3.9x
Thu, 18 Jan 2024CA$86.2bCA$23.7bCA$887.3m12.5x97.2x3.6x
Sat, 16 Dec 2023CA$89.1bCA$23.6bCA$841.5m12.7x105.9x3.8x
Mon, 13 Nov 2023CA$80.6bCA$23.7bCA$719.4m11.8x112.1x3.4x
Wed, 11 Oct 2023CA$89.2bCA$24.1bCA$1.1b10.2x84.6x3.7x
Fri, 08 Sep 2023CA$91.7bCA$24.1bCA$1.2b10.5x79.5x3.8x
Sun, 06 Aug 2023CA$96.7bCA$24.4bCA$1.1b11.9x85.4x4x
Tue, 04 Jul 2023CA$95.4bCA$26.1bCA$2.6b11x37.2x3.7x
Thu, 01 Jun 2023CA$89.2bCA$26.2bCA$2.7b11.8x33.1x3.4x
Sat, 29 Apr 2023CA$98.7bCA$26.3bCA$2.9b11.3x34.4x3.8x
Mon, 27 Mar 2023CA$88.4bCA$27.2bCA$3.2b7.7x27.8x3.3x
Price to Earnings Ratio

27.8x


Total Market Cap: CA$88.4bTotal Earnings: CA$3.2bTotal Revenue: CA$27.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Diversified Metals and Mining Industry Price to Earnings3Y Average 185.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Diversified Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 25.0x is higher than the industry's current PS ratio of 8.0x.
Past Earnings Growth
  • Total earnings for the Diversified Metals and Mining industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 12% per year, which is driving profits down.

Industry Comparison

How does Canadian Diversified Metals and Mining compare with similar industries?

CA Market-3.23%
Materials-14.52%
Metals and Mining-15.37%
Diversified Metals and Mining-12.91%
Aluminum0%0
Steel-4.40%
Copper-13.72%
Gold-15.74%
Precious Metals and Minerals-18.40%
Silver-21.12%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HART Gold Hart CopperCA$0.378.8%
+CA$30.4m		n/aPB14.3x
TUNG American TungstenCA$2.69-10.0%
CA$23.7m		186.2%PB32x
FOX Fox River ResourcesCA$0.9830.7%
+CA$18.3m		130.6%PB17.6x
S Sherritt InternationalCA$0.2116.2%
+CA$14.9m		48.3%PS0.6x
APXC Apex Critical MetalsCA$2.187.9%
+CA$13.3m		156.5%PB8.7x

Latest News

NGEX
CA$22.35
NGEx Minerals
7D
-12.9%
1Y
63.0%
ABRA
CA$11.57
AbraSilver Resource
7D
-15.1%
1Y
226.8%
AII
CA$23.51
Almonty Industries
7D
-18.0%
1Y
639.3%
TUNG
CA$2.69
American Tungsten
7D
-10.0%
1Y
186.2%
S
CA$0.21
Sherritt International
7D
16.2%
1Y
48.3%
HART
CA$0.37
Gold Hart Copper
7D
8.8%
1Y
n/a
TECK.B
CA$65.07
Teck Resources
7D
-8.0%
1Y
7.1%

TECK.B: Anglo Merger Synergies And Buybacks Will Shape Copper Future

The analyst price target for Teck Resources has moved higher to CA$80.82 from CA$75.62, reflecting analysts factoring in revised merger related assumptions, updated Q4 operating numbers, and potential revenue and cost synergies highlighted in recent research. Analyst Commentary Recent research around Teck Resources highlights a mix of optimism and caution, with price targets generally reset higher around the proposed merger with Anglo American and updated Q4 figures.
USA
CA$8.09
Americas Gold and Silver
7D
-26.2%
1Y
285.2%
MSR
CA$0.65
Minsud Resources
7D
10.2%
1Y
-7.1%
HBM
CA$25.58
Hudbay Minerals
7D
-14.0%
1Y
115.0%

HBM: Copper Expansion Will Rely On Arizona Sonoran Acquisition Execution

Analysts have lifted their Hudbay Minerals fair value estimate from CA$37.95 to CA$40.67, as they refresh assumptions on margins, P/E and metal price forecasts, and factor in the Arizona Sonoran Copper acquisition alongside a range of recent target changes across the Street. Analyst Commentary Recent research on Hudbay Minerals clusters around two main themes: the Arizona Sonoran Copper acquisition and refreshed views on copper pricing, with both feeding directly into updated targets and ratings.
IVN
CA$11.11
Ivanhoe Mines
7D
-14.2%
1Y
-27.0%

IVN: Long Term Copper Projects Will Support Future Cash Flow Expansion

The updated analyst price target for Ivanhoe Mines now sits at about CA$23.91, reflecting a small reduction of roughly CA$0.08 as analysts factor in higher discount rates, more conservative profit margins, and revised long term P/E expectations, even as they incorporate higher projected revenue growth into their models. Analyst Commentary Recent Street research on Ivanhoe Mines shows a mix of caution and optimism, with some firms trimming price targets and others lifting theirs.
APXC
CA$2.18
Apex Critical Metals
7D
7.9%
1Y
156.5%
FOX
CA$0.98
Fox River Resources
7D
30.7%
1Y
130.6%
NRED
CA$1.36
NovaRed Mining
7D
37.4%
1Y
2,076.0%
IBAT
CA$0.20
International Battery Metals
7D
20.6%
1Y
-56.8%
FOM
CA$5.05
Foran Mining
7D
-15.8%
1Y
22.3%