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

Investors are optimistic on the Canadian Diversified Metals and Mining industry, and appear confident in long term growth rates. The industry is trading at a PE ratio of 410x which is higher than its 3-year average PE of 121x. The 3-year average PS ratio of 25.3x is higher than the industry's current PS ratio of 6.9x.

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

There are no additional sub-industries under this industry.

Canadian (TSX) Diversified Metals and Mining Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 13 Jun 2026	CA$160.1b	CA$21.8b	CA$373.8m	14.3x	428.2x	7.3x
Mon, 11 May 2026	CA$167.7b	CA$21.2b	CA$336.7m	18x	498.2x	7.9x
Wed, 08 Apr 2026	CA$149.3b	CA$18.9b	-CA$62,477,944.70	20.3x	-2390.4x	7.9x
Fri, 06 Mar 2026	CA$167.4b	CA$18.7b	-CA$209,921,459.76	18.2x	-797.4x	9x
Sun, 01 Feb 2026	CA$159.9b	CA$17.9b	-CA$329,368,321.68	18.6x	-485.4x	8.9x
Tue, 30 Dec 2025	CA$137.9b	CA$18.0b	-CA$301,352,539.79	22.7x	-457.6x	7.7x
Thu, 27 Nov 2025	CA$118.7b	CA$18.2b	-CA$161,654,612.51	18.1x	-734.4x	6.5x
Sat, 25 Oct 2025	CA$118.6b	CA$18.0b	-CA$152,503,767.86	19.4x	-777.7x	6.6x
Mon, 22 Sep 2025	CA$103.4b	CA$17.4b	-CA$1,269,945,685.69	17x	-81.4x	5.9x
Wed, 20 Aug 2025	CA$86.9b	CA$17.3b	-CA$1,299,476,994.53	14.9x	-66.9x	5x
Fri, 18 Jul 2025	CA$87.5b	CA$16.7b	-CA$1,536,380,250.54	15.4x	-56.9x	5.2x
Sun, 15 Jun 2025	CA$81.9b	CA$16.7b	-CA$1,540,307,062.62	13.9x	-53.2x	4.9x
Tue, 13 May 2025	CA$81.2b	CA$17.0b	-CA$1,370,385,607.44	10.2x	-59.2x	4.8x
Thu, 10 Apr 2025	CA$67.3b	CA$16.2b	-CA$2,275,195,871.96	10.3x	-29.6x	4.2x
Sat, 08 Mar 2025	CA$85.3b	CA$16.3b	-CA$2,177,290,723.37	10x	-39.2x	5.2x
Mon, 03 Feb 2025	CA$87.8b	CA$23.9b	-CA$256,577,370.13	11.6x	-342.3x	3.7x
Wed, 01 Jan 2025	CA$91.2b	CA$23.8b	-CA$440,156,181.81	12.7x	-207.1x	3.8x
Fri, 29 Nov 2024	CA$97.6b	CA$23.6b	-CA$356,144,593.02	12.2x	-274.1x	4.1x
Sun, 27 Oct 2024	CA$100.9b	CA$23.5b	-CA$371,329,046.88	15.7x	-271.8x	4.3x
Tue, 24 Sep 2024	CA$96.4b	CA$22.3b	-CA$296,921,301.05	14.2x	-324.5x	4.3x
Thu, 22 Aug 2024	CA$94.5b	CA$22.0b	-CA$477,188,947.65	12.6x	-198.1x	4.3x
Sat, 20 Jul 2024	CA$93.7b	CA$21.6b	-CA$310,024,105.69	14.3x	-302.4x	4.3x
Mon, 17 Jun 2024	CA$93.0b	CA$21.5b	-CA$369,731,857.10	14.3x	-251.5x	4.3x
Wed, 15 May 2024	CA$99.4b	CA$21.2b	-CA$438,838,702.36	16.4x	-226.6x	4.7x
Fri, 12 Apr 2024	CA$95.6b	CA$21.0b	CA$775.3m	19.3x	123.3x	4.5x
Sun, 10 Mar 2024	CA$81.2b	CA$20.9b	CA$656.7m	13.4x	123.7x	3.9x
Tue, 06 Feb 2024	CA$76.1b	CA$19.7b	CA$415.4m	12.2x	183.2x	3.9x
Thu, 04 Jan 2024	CA$89.8b	CA$23.6b	CA$833.4m	12.9x	107.7x	3.8x
Sat, 02 Dec 2023	CA$85.8b	CA$23.6b	CA$841.5m	12.8x	101.9x	3.6x
Mon, 30 Oct 2023	CA$85.7b	CA$23.5b	CA$525.8m	11.2x	162.9x	3.6x
Wed, 27 Sep 2023	CA$88.7b	CA$24.1b	CA$1.1b	10.6x	78.6x	3.7x
Fri, 25 Aug 2023	CA$90.7b	CA$24.1b	CA$1.0b	11.6x	88.2x	3.8x
Sun, 23 Jul 2023	CA$95.9b	CA$26.0b	CA$2.6b	11.3x	37.5x	3.7x
Tue, 20 Jun 2023	CA$95.0b	CA$26.0b	CA$2.6b	11.8x	36.7x	3.6x


CA Market	1.43%
Materials	2.25%
Metals and Mining	2.37%
Diversified Metals and Mining	4.38%
Silver	6.24%
Copper	6.22%
Steel	5.82%
Precious Metals and Minerals	3.40%
Gold	0.93%
Aluminum	0%	0

Company	Last Price	7D	1Y	Valuation
TECK.B Teck Resources	CA$90.61	5.5% +CA$2.3b	72.8%	PE24x
HBM Hudbay Minerals	CA$38.84	8.7% +CA$1.2b	195.6%	PE16.8x
IVN Ivanhoe Mines	CA$11.78	5.7% +CA$898.6m	19.2%	PE91.2x
AII Almonty Industries	CA$24.75	9.0% +CA$582.2m	423.8%	PS140.6x
NGEX NGEx Minerals	CA$26.61	7.6% +CA$407.7m	75.0%	PB9.1x

Announcement • Jun 03

Pmet Resources Inc Announces Multiple New Li-Cs-Ta Pegmatite Discoveries At Shaakichiuwaanaan, Pikwa, Pontois, and Pontax Properties

PMET Resources Inc. announced multiple new Li-Cs-Ta (“LCT”) pegmatite discoveries at its flagship Shaakichiuwaanaan Property, as well as at its broader portfolio of properties (Pikwa, Pontois, and Pontax), all located in Eeyou Istchee James Bay, Quebec. New high-grade caesium pegmatite discovery (“Cosma”) situated ~22 km west of the cornerstone CV5 Pegmatite Deposit on the Shaakichiuwaanaan Property: Outcrop grab assay of 9.42% Cs2O and 267 ppm Ta2O5. Channel assay of 4.4 m at 3.61% Cs2O and 609 ppm Ta2O5, including 0.5 m at 16.43% Cs2O. Emerging spodumene pegmatite discovery (“Felix”), located near the western margins of Shaakichiuwaanaan, proximal to the recently acquired Pikwa Property and its Drakkar spodumene pegmatite: Outcrop assays including 1.80% Li2O and 1.21% Li2O. Multiple mineralized outcrops over ~450 m trend. Drakkar Pegmatite (2.45% Li2O) situated ~550 m to the southwest. Collectively, the Cosma, Felix, and Drakkar Li-Cs-Ta (“LCT”) pegmatite clusters extend the prospective Mickel Trend to ~10.5 km in length – from CV9 to Drakkar, with only ~450 m of strike drill tested at CV9. New spodumene pegmatite discovery (“Skald”) at the Pontois Property, with outcrop assay of 2.94% Li2O. New caesium pegmatite discovery (“Overload”) at the Pontax Property, with outcrop assay of 7.53% Cs2O and 3,768 ppm Ta2O5. The Shaakichiuwaanaan Property hosts one of the largest pegmatite Mineral Resources (Li, Cs, Ta) and Mineral Reserves (Li) in the world, situated approximately 13 km south of the regional and all-weather Trans-Taiga Road and Hydro Quebec infrastructure corridor. The Company recently announced a robust lithium-only Feasibility Study for the CV5 Pegmatite. Several outcropping and well-mineralised LCT pegmatite discoveries have been made at Shaakichiuwaanaan in recent surface exploration. This includes the Cosma Pegmatite (outcrop), which returned significant grades of caesium and tantalum in initial grab sampling in 2025 – 9.42% Cs2O and 267 ppm Ta2O5 (0.01% Li2O). Follow-up channel sampling returned 4.4 m at 3.61% Cs2O and 609 ppm Ta2O5, including 0.5 m at 16.43% Cs2O (CH25-133), confirming the significance of the surface exposure. The Cosma Pegmatite is expressed at surface as a ~8 x 4 m white outcrop and is open in multiple directions. The outcrop is situated approximately 2.5 km along trend to the west-southwest of the CV15 pegmatite cluster and – together with the Felix and Drakkar spodumene pegmatites – now extends the Mickel LCT Pegmatite Trend to ~10.5 km (from the previous 5.5 km). Of this ~10.5 km length, only the CV9 Pegmatite – at the eastern-most end of the trend – has been drill tested. Drill results at CV9 include 30.6 m at 0.80% Li2O (CV23-345), 10.8 m at 1.00% Li2O (CV23-267), and 7.7 m at 1.35% Li2O (CV23-333), with an area of the pegmatite estimated at up to 80 m true width. Cosma is the westernmost occurrence of caesium pegmatite encountered at Shaakichiuwaanaan to date. The Company intends to follow-up on this discovery during the 2026 surface program. A total of 355 rock samples (outcrop, boulder, and channels) were collected during the 2025 exploration of the Shaakichiuwaanaan Property, with results ranging from <0.01 to 4.51% Li2O, <5 to 2,580 ppm Ta2O5, and <0.01 to 16.43% Cs2O. Exploration was focused on LCT pegmatite. The Felix Pegmatite is characterized by a cluster of multiple mineralized outcrops spread over a ~450 m trend, with assays including 1.80% Li2O and 1.21% Li2O in outcrop. Channel sampling at Felix is planned for the 2026 exploration field program. The Drakkar LCT Pegmatite (2.45% Li2O in outcrop), discovered by Azimut Exploration and Soquem, is situated ~550 m to the southwest of the Felix Pegmatite on the adjoining Pikwa Property, which is now held 100% by the Company. The Company is currently designing an inaugural surface exploration program at Pikwa, which will be focused on LCT pegmatite. Historical exploration of the Pikwa Property was focused on base and precious metals with several notable discoveries including the Hyperion Prospect (7.17 g/t Au in outcrop) and the Copperfield Prospect (13.45 g/t Au, 9.81% Cu, and 37.6 g/t Ag in outcrop). The Skald LCT Pegmatite was discovered in 2025 during surface exploration of the Pontois Property, which is situated immediately adjacent to the western border of the Pikwa Property. The Skald Pegmatite is characterized by a spodumene-bearing pegmatite outcrop of ~2 m x 3 m in size (open), with a sample assay of 2.94% Li2O and 60 ppm Ta2O5. A total of 69 rock samples (outcrop and boulder) were collected during the 2025 exploration of the Pontois Property, with results ranging from <0.01 to 2.94% Li2O, <5 to 60 ppm Ta2O5, and <0.01% to 0.077% Cs2O. Exploration was focused on LCT pegmatite. In 2025, surface exploration of the Company’s Pontax Property resulted in the discovery of the Overload Caesium-Tantalum Showing with an outcrop sample assaying 7.53% Cs2O and 3,768 ppm Ta2O5. The sample was collected from a 0.5 - 1 m wide by >50 m long white pegmatite dyke, which remains open along strike.

Canadian (TSX) Diversified Metals and Mining Industry Analysis

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Latest News

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Meridian Mining Plc Announces Board Changes, Effective 29 June 2026

Pmet Resources Inc Announces Multiple New Li-Cs-Ta Pegmatite Discoveries At Shaakichiuwaanaan, Pikwa, Pontois, and Pontax Properties

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Price target increased by 8.8% to CA$14.88