Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Diversified Metals and Mining Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies698
  • 7D1.2%
  • 3M0.1%
  • 1Y91.1%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 3.6%, driven by Ivanhoe Mines declining 2.2%. Meanwhile, Almonty Industries actually outperformed within the industry, gaining 11% in the last week. In the past year, the industry has gained 90%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026CA$158.2bCA$18.9b-CA$117,666,560.4420.1x-1344.2x8.4x
Sat, 21 Mar 2026CA$136.4bCA$18.8b-CA$291,569,955.8117.4x-467.8x7.3x
Mon, 16 Feb 2026CA$165.8bCA$18.0b-CA$323,919,263.5918.1x-511.9x9.2x
Wed, 14 Jan 2026CA$155.4bCA$18.1b-CA$325,323,736.4123.6x-477.8x8.6x
Fri, 12 Dec 2025CA$126.1bCA$18.0b-CA$326,661,332.1718.8x-386x7x
Sun, 09 Nov 2025CA$115.0bCA$18.3b-CA$312,754,137.3617.7x-367.6x6.3x
Tue, 07 Oct 2025CA$118.1bCA$17.5b-CA$1,235,611,869.5720.4x-95.6x6.8x
Thu, 04 Sep 2025CA$92.8bCA$17.4b-CA$1,270,882,009.3616.2x-73x5.3x
Sat, 02 Aug 2025CA$82.5bCA$17.0b-CA$1,216,002,401.4117.8x-67.9x4.8x
Mon, 30 Jun 2025CA$85.6bCA$16.7b-CA$1,531,295,216.0713.3x-55.9x5.1x
Wed, 28 May 2025CA$80.2bCA$16.6b-CA$1,310,152,642.6212x-61.2x4.8x
Fri, 25 Apr 2025CA$78.6bCA$16.1b-CA$2,316,927,396.9310.4x-33.9x4.9x
Sun, 23 Mar 2025CA$88.2bCA$16.3b-CA$1,976,917,047.1611.4x-44.6x5.4x
Tue, 18 Feb 2025CA$92.6bCA$23.8b-CA$205,348,142.9410.3x-450.7x3.9x
Thu, 16 Jan 2025CA$94.2bCA$23.8b-CA$381,653,016.0213.4x-246.9x4x
Sat, 14 Dec 2024CA$96.9bCA$23.7b-CA$438,188,557.5313.6x-221.1x4.1x
Mon, 11 Nov 2024CA$100.0bCA$23.7b-CA$319,848,085.3712.4x-312.6x4.2x
Wed, 09 Oct 2024CA$102.2bCA$22.4b-CA$83,597,646.9317.9x-1222.1x4.6x
Fri, 06 Sep 2024CA$88.4bCA$22.3b-CA$306,497,462.2415.8x-288.5x4x
Sun, 04 Aug 2024CA$88.9bCA$22.0b-CA$436,717,354.3713.8x-203.5x4x
Tue, 02 Jul 2024CA$93.0bCA$21.6b-CA$358,518,886.0114.6x-259.4x4.3x
Thu, 30 May 2024CA$103.4bCA$21.6b-CA$444,089,359.3718.8x-232.8x4.8x
Sat, 27 Apr 2024CA$99.2bCA$21.3b-CA$405,542.2818.5x-244543.3x4.7x
Mon, 25 Mar 2024CA$85.6bCA$21.0bCA$718.2m13.3x119.2x4.1x
Wed, 21 Feb 2024CA$76.3bCA$19.7bCA$371.3m12.4x205.5x3.9x
Fri, 19 Jan 2024CA$86.2bCA$23.7bCA$887.2m12.2x97.2x3.6x
Sun, 17 Dec 2023CA$89.1bCA$23.6bCA$841.4m12.7x105.9x3.8x
Tue, 14 Nov 2023CA$81.6bCA$23.7bCA$724.6m11.9x112.6x3.4x
Thu, 12 Oct 2023CA$88.9bCA$24.1bCA$1.1b10.2x83.8x3.7x
Sat, 09 Sep 2023CA$91.7bCA$24.1bCA$1.2b10.5x79.4x3.8x
Mon, 07 Aug 2023CA$96.7bCA$24.4bCA$1.1b11.9x85.4x4x
Wed, 05 Jul 2023CA$96.5bCA$26.1bCA$2.6b11x37.7x3.7x
Fri, 02 Jun 2023CA$91.0bCA$26.1bCA$2.7b10x33.8x3.5x
Sun, 30 Apr 2023CA$98.7bCA$26.3bCA$2.9b11.3x34.4x3.8x
Price to Earnings Ratio

34.4x


Total Market Cap: CA$98.7bTotal Earnings: CA$2.9bTotal Revenue: CA$26.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Diversified Metals and Mining Industry Price to Earnings3Y Average 105x202420252026
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 25.1x is higher than the industry's current PS ratio of 8.7x.
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 11% per year, which is driving profits down.

Industry Comparison

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

CA Market-0.38%
Materials-2.73%
Metals and Mining-2.82%
Diversified Metals and Mining1.22%
Precious Metals and Minerals1.46%
Aluminum0%0
Silver-1.38%
Gold-3.67%
Copper-4.46%
Steel-4.59%
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
AII Almonty IndustriesCA$31.9410.7%
+CA$880.3m		762.1%PS279x
TECK.B Teck ResourcesCA$81.051.2%
+CA$469.9m		67.6%PE28.3x
LAR Lithium ArgentinaCA$12.6411.2%
+CA$208.0m		353.0%PB2x
LAC Lithium AmericasCA$6.828.4%
+CA$184.1m		78.1%PB1.6x
ABRA AbraSilver ResourceCA$17.106.6%
+CA$170.5m		481.6%PB34.9x

Latest News

NCX
CA$3.02
NorthIsle Copper and Gold
7D
-5.6%
1Y
337.7%
IVN
CA$12.27
Ivanhoe Mines
7D
-2.2%
1Y
-3.7%

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

The Street’s average fair value estimate for Ivanhoe Mines has edged down by CA$0.36 as analysts trim price targets in response to higher life of mine cost assumptions and slightly lower projected revenue growth, even as modeled profit margins and future P/E inputs remain supportive in their frameworks. Analyst Commentary Street research on Ivanhoe Mines in recent months has leaned toward more cautious price targets and several downgrades, primarily tied to higher life of mine cost and capex assumptions at key projects.
MDI
CA$16.87
Major Drilling Group International
7D
-5.4%
1Y
98.5%

MDI: Higher Revenue Visibility And Margins Will Support Future Earnings Confidence

Analysts have lifted the consensus price target for Major Drilling Group International to CA$20 to CA$21 from a prior range of CA$16 to CA$17, citing updated assumptions for slightly higher revenue growth and profit margins, along with a modestly adjusted discount rate and future P/E expectations. Analyst Commentary Recent price target revisions to CA$20 and CA$21 reflect updated views on Major Drilling Group International that factor in refreshed assumptions on revenue, margins, and valuation multiples.
CNL
CA$28.26
Collective Mining
7D
6.3%
1Y
92.6%
LAC
CA$6.82
Lithium Americas
7D
8.4%
1Y
78.1%
TECK.B
CA$81.05
Teck Resources
7D
1.2%
1Y
67.6%
ABRA
CA$17.10
AbraSilver Resource
7D
6.6%
1Y
481.6%
NGEX
CA$28.64
NGEx Minerals
7D
-1.1%
1Y
137.9%
VMET
CA$17.36
Versamet Royalties
7D
9.2%
1Y
n/a
HBM
CA$33.76
Hudbay Minerals
7D
-1.3%
1Y
235.3%
LAR
CA$12.64
Lithium Argentina
7D
11.2%
1Y
353.0%
AII
CA$31.94
Almonty Industries
7D
10.7%
1Y
762.1%
GQC
CA$2.17
Goldquest Mining
7D
-6.5%
1Y
287.5%
BZ
CA$2.13
Benz Mining
7D
-14.1%
1Y
508.6%
LUNR
CA$23.93
LunR Royalties
7D
-7.8%
1Y
n/a
CVW
CA$1.28
CVW Sustainable Royalties
7D
33.3%
1Y
48.8%