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Canadian (TSX) Gold Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies351
  • 7D-3.6%
  • 3M5.1%
  • 1Y16.1%
  • YTDn/a

Over the last 7 days, the Gold industry has dropped 3.6%, driven by Barrick Gold declining 3.5%. In contrast, NovaGold Resources has gained 5.9%. Over the past 12 months, the industry was up 16%. As for the next few years, earnings are expected to grow by 33% per annum.

Industry Valuation and Performance

Has the Canadian Gold Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024CA$231.6bCA$54.8bCA$1.8b22.1x130x4.2x
Sun, 23 Jun 2024CA$211.3bCA$54.9bCA$1.3b21.1x164.7x3.9x
Tue, 21 May 2024CA$225.7bCA$54.5bCA$1.2b21.2x184.7x4.1x
Thu, 18 Apr 2024CA$208.9bCA$54.5bCA$2.1b18.8x101.3x3.8x
Sat, 16 Mar 2024CA$186.7bCA$54.3bCA$2.1b16.8x89.3x3.4x
Mon, 12 Feb 2024CA$174.3bCA$52.7bCA$2.2b15.7x80.8x3.3x
Wed, 10 Jan 2024CA$195.9bCA$55.7bCA$638.1m15.6x307x3.5x
Fri, 08 Dec 2023CA$202.7bCA$56.4bCA$679.5m15.6x298.3x3.6x
Sun, 05 Nov 2023CA$200.3bCA$56.1bCA$889.3m16.2x225.2x3.6x
Tue, 03 Oct 2023CA$187.8bCA$54.9bCA$507.1m14.1x370.3x3.4x
Thu, 31 Aug 2023CA$204.3bCA$53.4bCA$539.0m14.1x379x3.8x
Sat, 29 Jul 2023CA$201.2bCA$51.7bCA$100.5m15.8x2001.2x3.9x
Mon, 26 Jun 2023CA$198.7bCA$51.3b-CA$140,026,901.0014.6x-1419x3.9x
Wed, 24 May 2023CA$218.1bCA$52.1bCA$56.1m15.4x3888x4.2x
Fri, 21 Apr 2023CA$227.2bCA$52.0bCA$645.7m17.9x351.9x4.4x
Sun, 19 Mar 2023CA$211.4bCA$52.9bCA$2.3b21.4x93.8x4x
Tue, 14 Feb 2023CA$198.6bCA$54.1bCA$5.1b18x39x3.7x
Thu, 12 Jan 2023CA$209.4bCA$54.4bCA$5.1b19x40.8x3.8x
Sat, 10 Dec 2022CA$193.2bCA$55.1bCA$5.3b16.4x36.5x3.5x
Mon, 07 Nov 2022CA$168.4bCA$54.5bCA$5.7b13.2x29.3x3.1x
Wed, 05 Oct 2022CA$177.9bCA$55.5bCA$6.3b14x28.3x3.2x
Fri, 02 Sep 2022CA$156.0bCA$54.0bCA$6.1b12.7x25.5x2.9x
Sun, 31 Jul 2022CA$169.1bCA$52.7bCA$6.5b10.7x26.1x3.2x
Tue, 28 Jun 2022CA$187.9bCA$52.5bCA$6.4b11.7x29.4x3.6x
Thu, 26 May 2022CA$203.2bCA$52.2bCA$6.2b12.9x32.6x3.9x
Sat, 23 Apr 2022CA$229.9bCA$51.2bCA$7.4b11.3x31.2x4.5x
Mon, 21 Mar 2022CA$245.7bCA$55.1bCA$8.6b11x28.7x4.5x
Wed, 16 Feb 2022CA$223.1bCA$56.8bCA$10.0b10.1x22.4x3.9x
Fri, 14 Jan 2022CA$209.8bCA$55.7bCA$9.7b10x21.6x3.8x
Sun, 12 Dec 2021CA$206.6bCA$56.7bCA$9.9b9.2x20.9x3.6x
Tue, 09 Nov 2021CA$220.3bCA$55.3bCA$10.0b10.4x22.1x4x
Thu, 07 Oct 2021CA$204.8bCA$57.0bCA$11.0b9x18.6x3.6x
Sat, 04 Sep 2021CA$224.5bCA$55.9bCA$10.9b12.2x20.7x4x
Mon, 02 Aug 2021CA$233.0bCA$55.9bCA$10.9b11.8x21.4x4.2x
Price to Earnings Ratio

21.4x


Total Market Cap: CA$233.0bTotal Earnings: CA$10.9bTotal Revenue: CA$55.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gold Industry Price to Earnings3Y Average 15.6x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Gold industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 130x which is higher than its 3-year average PE of 15.6x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have declined 45% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Canadian Gold compare with similar industries?

CA Market-0.31%
Materials-2.18%
Metals and Mining-2.92%
Gold-3.56%
Steel0.54%
Aluminum0%
Copper-0.62%
Diversified Metals and Mining-1.90%
Precious Metals and Minerals-3.34%
Silver-4.80%
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
NG NovaGold ResourcesCA$6.285.9%
+CA$117.1m		11.2%PE-33.4x
SEA Seabridge GoldCA$21.234.2%
+CA$76.2m		33.3%PB2.6x
AR Argonaut GoldCA$0.519.7%
+CA$57.1m		-10.5%PS1.2x
FDR Founders MetalsCA$2.7025.0%
+CA$38.0m		671.4%PB9.4x
SSRM SSR MiningCA$7.532.4%
+CA$36.4m		-59.8%PS0.8x
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Latest News

AOT

CA$0.47

Ascot Resources

7D

10.6%

1Y

-16.1%

LUG

CA$22.19

Lundin Gold

7D

-6.9%

1Y

28.3%

The Trend Of High Returns At Lundin Gold (TSE:LUG) Has Us Very Interested

Jul 25
The Trend Of High Returns At Lundin Gold (TSE:LUG) Has Us Very Interested

ABX

CA$24.52

Barrick Gold

7D

-3.5%

1Y

10.4%

Barrick Gold Corporation's (TSE:ABX) Popularity With Investors Is Under Threat From Overpricing

Jul 25
Barrick Gold Corporation's (TSE:ABX) Popularity With Investors Is Under Threat From Overpricing

AGI

CA$22.61

Alamos Gold

7D

-3.7%

1Y

44.7%

FVL

CA$0.60

Freegold Ventures

7D

10.0%

1Y

26.0%

SSRM

CA$7.53

SSR Mining

7D

2.4%

1Y

-59.8%

Is SSR Mining (TSE:SSRM) A Risky Investment?

Jul 15
Is SSR Mining (TSE:SSRM) A Risky Investment?

WPM

CA$81.23

Wheaton Precious Metals

7D

-2.8%

1Y

40.2%

Wheaton Precious Metals Corp.'s (TSE:WPM) Popularity With Investors Is Under Threat From Overpricing

Jul 15
Wheaton Precious Metals Corp.'s (TSE:WPM) Popularity With Investors Is Under Threat From Overpricing

ELD

CA$21.69

Eldorado Gold

7D

-5.3%

1Y

61.6%

K

CA$11.80

Kinross Gold

7D

-3.4%

1Y

87.0%

Benign Growth For Kinross Gold Corporation (TSE:K) Underpins Its Share Price

Jul 11
Benign Growth For Kinross Gold Corporation (TSE:K) Underpins Its Share Price

SEA

CA$21.23

Seabridge Gold

7D

4.2%

1Y

33.3%

EDV

CA$30.06

Endeavour Mining

7D

-4.5%

1Y

-4.6%

RML

CA$1.39

Rusoro Mining

7D

3.7%

1Y

291.5%

NG

CA$6.28

NovaGold Resources

7D

5.9%

1Y

11.2%

FDR

CA$2.70

Founders Metals

7D

25.0%

1Y

671.4%

CGG

CA$7.11

China Gold International Resources

7D

-20.4%

1Y

35.4%

AR

CA$0.51

Argonaut Gold

7D

9.7%

1Y

-10.5%