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Canadian (TSX) Diversified Metals and Mining Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies692
  • 7D-4.3%
  • 3M19.2%
  • 1Y72.9%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 4.3%, driven by declines in Ivanhoe Mines and Teck Resources of 8.4% and 4.5%, respectively. Meanwhile, Almonty Industries actually outperformed within the industry, gaining 14% in the last week. Over the past 12 months, the industry was up 73%. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026CA$161.1bCA$18.6b-CA$181,461,963.7818.8x-887.6x8.7x
Sat, 07 Feb 2026CA$154.8bCA$18.0b-CA$326,172,778.9917.8x-474.5x8.6x
Mon, 05 Jan 2026CA$140.1bCA$18.0b-CA$308,568,204.6922.3x-454x7.8x
Wed, 03 Dec 2025CA$124.8bCA$18.2b-CA$141,243,899.8619x-883.4x6.8x
Fri, 31 Oct 2025CA$118.1bCA$18.2b-CA$244,066,135.8817.5x-484x6.5x
Sun, 28 Sep 2025CA$112.1bCA$17.5b-CA$1,255,727,166.3319.4x-89.2x6.4x
Tue, 26 Aug 2025CA$89.9bCA$17.4b-CA$1,255,955,823.6516.2x-71.5x5.2x
Thu, 24 Jul 2025CA$91.0bCA$16.6b-CA$1,581,169,249.4416.5x-57.6x5.5x
Sat, 21 Jun 2025CA$83.1bCA$16.7b-CA$1,556,035,552.9913.6x-53.4x5x
Mon, 19 May 2025CA$81.0bCA$17.1b-CA$1,304,100,988.659.8x-62.1x4.7x
Wed, 16 Apr 2025CA$76.2bCA$16.1b-CA$2,262,060,938.0710.5x-33.7x4.7x
Fri, 14 Mar 2025CA$84.0bCA$16.3b-CA$2,102,698,799.099.7x-40x5.2x
Sun, 09 Feb 2025CA$91.5bCA$23.8b-CA$232,057,127.0810.9x-394.3x3.8x
Tue, 07 Jan 2025CA$94.4bCA$23.8b-CA$435,436,826.3213.4x-216.7x4x
Thu, 05 Dec 2024CA$99.0bCA$23.7b-CA$457,785,649.3913.2x-216.3x4.2x
Sat, 02 Nov 2024CA$98.2bCA$23.6b-CA$333,639,995.8113x-294.4x4.2x
Mon, 30 Sep 2024CA$102.8bCA$22.3b-CA$84,862,442.8218.3x-1210.9x4.6x
Wed, 28 Aug 2024CA$97.0bCA$22.0b-CA$458,127,063.2214.6x-211.7x4.4x
Fri, 26 Jul 2024CA$91.9bCA$22.0b-CA$450,740,493.0014.1x-203.8x4.2x
Sun, 23 Jun 2024CA$91.3bCA$21.5b-CA$357,603,189.2814.6x-255.4x4.2x
Tue, 21 May 2024CA$105.2bCA$21.5b-CA$449,627,132.1716.6x-233.9x4.9x
Thu, 18 Apr 2024CA$94.4bCA$21.1bCA$811.3m18.4x116.4x4.5x
Sat, 16 Mar 2024CA$86.2bCA$21.0bCA$685.9m12.9x125.7x4.1x
Mon, 12 Feb 2024CA$74.9bCA$19.6bCA$371.4m12.6x201.7x3.8x
Wed, 10 Jan 2024CA$88.7bCA$23.6bCA$845.9m12.4x104.8x3.8x
Fri, 08 Dec 2023CA$84.0bCA$23.7bCA$855.1m12.7x98.2x3.6x
Sun, 05 Nov 2023CA$84.1bCA$23.5bCA$552.7m12x152.1x3.6x
Tue, 03 Oct 2023CA$91.4bCA$24.1bCA$1.1b10.2x83.6x3.8x
Thu, 31 Aug 2023CA$92.6bCA$24.1bCA$1.1b11.1x82.9x3.8x
Sat, 29 Jul 2023CA$96.9bCA$23.8bCA$1.3b12.6x73.8x4.1x
Mon, 26 Jun 2023CA$92.4bCA$26.0bCA$2.5b11.8x36.4x3.5x
Wed, 24 May 2023CA$92.0bCA$26.1bCA$2.7b11.8x34.1x3.5x
Fri, 21 Apr 2023CA$99.8bCA$27.1bCA$3.3b8.5x30.6x3.7x
Sun, 19 Mar 2023CA$86.7bCA$27.2bCA$3.2b6.7x27x3.2x
Price to Earnings Ratio

27x


Total Market Cap: CA$86.7bTotal 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 190.1x202420252026
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 8.7x.
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 12% per year, which is driving profits down.

Industry Comparison

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

CA Market-2.39%
Materials-3.95%
Metals and Mining-4.57%
Diversified Metals and Mining-4.31%
Aluminum0%0
Steel-3.90%
Gold-3.95%
Precious Metals and Minerals-5.70%
Silver-7.50%
Copper-8.42%
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$30.3213.9%
+CA$1.0b		1,212.6%PS282.9x
ALS Altius MineralsCA$46.26-3.3%
CA$373.3m		85.9%PE7.2x
VMET Versamet RoyaltiesCA$14.8414.2%
+CA$194.2m		n/aPS58.7x
NCX NorthIsle Copper and GoldCA$3.264.5%
+CA$164.1m		409.4%PB23.8x
QIMC Quebec Innovative MaterialsCA$2.2479.2%
+CA$129.1m		1,180.0%n/a

Latest News

NCX
CA$3.26
NorthIsle Copper and Gold
7D
4.5%
1Y
409.4%
ALS
CA$46.26
Altius Minerals
7D
-3.3%
1Y
85.9%
NGEX
CA$26.54
NGEx Minerals
7D
-9.9%
1Y
103.7%
QIMC
CA$2.24
Quebec Innovative Materials
7D
79.2%
1Y
1,180.0%
HBM
CA$30.56
Hudbay Minerals
7D
-9.7%
1Y
192.4%

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.
TECK.B
CA$72.34
Teck Resources
7D
-4.5%
1Y
25.7%
IVN
CA$13.27
Ivanhoe Mines
7D
-8.4%
1Y
-3.5%

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.
TLO
CA$8.80
Talon Metals
7D
2.9%
1Y
1,073.3%
LAR
CA$9.78
Lithium Argentina
7D
4.2%
1Y
208.5%
CNL
CA$23.62
Collective Mining
7D
-8.9%
1Y
138.1%
AFM
CA$1.23
Alphamin Resources
7D
-12.1%
1Y
64.0%
USA
CA$11.49
Americas Gold and Silver
7D
-10.9%
1Y
521.1%

USA: Crescent Restart And Silver Valley Expansion Will Drive Future Upside

Analysts have lifted their CA$ fair value estimate for Americas Gold and Silver from about CA$14.28 to CA$15.60, reflecting updated assumptions around discount rates, revenue growth, profit margins, and a slightly higher future P/E multiple. What's in the News Entered a joint venture with United States Antimony to construct and operate an antimony processing plant in Idaho's Silver Valley, with Americas Gold and Silver holding 51% ownership and supplying feedstock from the Galena Complex (Strategic Alliances).
VMET
CA$14.84
Versamet Royalties
7D
14.2%
1Y
n/a
ABRA
CA$14.20
AbraSilver Resource
7D
-8.1%
1Y
310.4%
UCU
CA$6.77
Ucore Rare Metals
7D
6.9%
1Y
725.0%
AII
CA$30.32
Almonty Industries
7D
13.9%
1Y
1,212.6%