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Canadian (TSX) Gold Industry Analysis

UpdatedOct 30, 2025
DataAggregated Company Financials
Companies327
  • 7D-2.0%
  • 3M34.7%
  • 1Y70.2%
  • YTDn/a

Over the last 7 days, the Gold industry has dropped 1.9%, driven by Franco-Nevada declining 3.5%. In the past year, the industry has gained 68%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Oct 2025CA$486.4bCA$78.9bCA$13.4b22.6x36.3x6.2x
Sat, 27 Sep 2025CA$517.1bCA$79.7bCA$12.8b27.2x40.4x6.5x
Mon, 25 Aug 2025CA$425.0bCA$79.7bCA$12.7b21x33.4x5.3x
Wed, 23 Jul 2025CA$369.5bCA$72.3bCA$9.5b21.1x39.1x5.1x
Fri, 20 Jun 2025CA$349.7bCA$67.2bCA$8.9b16.9x39.2x5.2x
Sun, 18 May 2025CA$265.8bCA$50.6bCA$6.0b16.9x44.6x5.3x
Tue, 15 Apr 2025CA$322.0bCA$63.7bCA$7.2b19.2x44.8x5.1x
Thu, 13 Mar 2025CA$282.5bCA$65.1bCA$7.1b14.8x40x4.3x
Sat, 08 Feb 2025CA$273.6bCA$61.1bCA$2.8b19x96.7x4.5x
Mon, 06 Jan 2025CA$241.1bCA$61.8bCA$2.9b13.9x84.5x3.9x
Wed, 04 Dec 2024CA$240.6bCA$60.2bCA$2.6b14.7x91.1x4x
Fri, 01 Nov 2024CA$267.9bCA$56.1bCA$1.6b21.8x163.7x4.8x
Sun, 29 Sep 2024CA$246.4bCA$54.5bCA$1.5b20x168.7x4.5x
Tue, 27 Aug 2024CA$241.5bCA$54.7bCA$1.4b20.9x173.8x4.4x
Thu, 25 Jul 2024CA$233.0bCA$54.7bCA$1.8b22.7x130.7x4.3x
Sat, 22 Jun 2024CA$214.5bCA$54.9bCA$1.3b21.1x165.4x3.9x
Mon, 20 May 2024CA$225.7bCA$54.5bCA$1.2b21.2x184.9x4.1x
Wed, 17 Apr 2024CA$208.5bCA$54.6bCA$2.1b18.6x101.2x3.8x
Fri, 15 Mar 2024CA$188.1bCA$54.1bCA$2.1b16.6x90.2x3.5x
Sun, 11 Feb 2024CA$174.3bCA$52.7bCA$2.2b15.7x80.8x3.3x
Tue, 09 Jan 2024CA$197.7bCA$55.5bCA$636.6m15.4x310.6x3.6x
Thu, 07 Dec 2023CA$202.7bCA$56.4bCA$678.4m15.8x298.8x3.6x
Sat, 04 Nov 2023CA$200.3bCA$56.1bCA$877.9m16.2x228.2x3.6x
Mon, 02 Oct 2023CA$187.8bCA$54.6bCA$486.0m14.7x386.4x3.4x
Wed, 30 Aug 2023CA$204.8bCA$53.5bCA$492.0m13.5x416.3x3.8x
Fri, 28 Jul 2023CA$206.2bCA$51.5bCA$19.3m15.9x10672.2x4x
Sun, 25 Jun 2023CA$198.7bCA$51.3b-CA$140,153,544.0014.6x-1417.7x3.9x
Tue, 23 May 2023CA$220.5bCA$52.1bCA$56.2m15.4x3925.6x4.2x
Thu, 20 Apr 2023CA$226.9bCA$52.0bCA$638.8m18.2x355.2x4.4x
Sat, 18 Mar 2023CA$211.5bCA$52.9bCA$2.3b21.4x91.8x4x
Mon, 13 Feb 2023CA$199.8bCA$54.1bCA$5.1b17.9x39.2x3.7x
Wed, 11 Jan 2023CA$210.9bCA$54.4bCA$5.1b18.2x41.1x3.9x
Fri, 09 Dec 2022CA$195.0bCA$54.9bCA$5.3b15.9x36.9x3.5x
Sun, 06 Nov 2022CA$168.4bCA$54.6bCA$5.7b13.9x29.6x3.1x
Price to Earnings Ratio

29.6x


Total Market Cap: CA$168.4bTotal Earnings: CA$5.7bTotal Revenue: CA$54.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gold Industry Price to Earnings3Y Average 38.1x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Gold industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 38.1x.
  • The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 31% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Canadian Gold compare with similar industries?

CA Market-0.13%
Materials-0.50%
Metals and Mining-0.40%
Gold-1.95%
Copper8.32%
Diversified Metals and Mining1.44%
Silver1.04%
Aluminum0%0
Steel-0.15%
Precious Metals and Minerals-1.15%
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
ABX Barrick MiningCA$44.701.4%
+CA$1.0b		60.3%PE19.8x
NGD New GoldCA$9.819.4%
+CA$665.1m		147.1%PE22.3x
TXG Torex Gold ResourcesCA$55.99-4.0%
CA$355.4m		85.2%PE18.2x
SXGC Southern Cross Gold ConsolidatedCA$8.099.6%
+CA$183.5m		n/aPB8.6x
RIO Rio2CA$2.1417.6%
+CA$136.9m		197.2%PE549.7x

Latest News

NGD
CA$9.81
New Gold
7D
9.4%
1Y
147.1%
FNV
CA$260.03
Franco-Nevada
7D
-1.9%
1Y
37.3%
OR
CA$44.52
OR Royalties
7D
-8.2%
1Y
52.3%
GMIN
CA$26.04
G Mining Ventures
7D
-7.9%
1Y
111.9%
LUG
CA$93.81
Lundin Gold
7D
-2.6%
1Y
174.5%
ABX
CA$44.70
Barrick Mining
7D
1.4%
1Y
60.3%

Major Gold Discovery And Leadership Transition Will Drive Future Opportunity

Barrick Mining's analyst price target has been raised from $48.36 to $51.84. This change reflects analysts' increased confidence in the company's improved revenue growth projections and higher expected profit margins.
PAAS
CA$48.94
Pan American Silver
7D
-2.4%
1Y
44.6%
K
CA$32.24
Kinross Gold
7D
-2.1%
1Y
121.1%

Analysts Raise Kinross Gold Price Target Following Improved Margins and Updated Valuation Metrics

Analysts have raised their price target for Kinross Gold from $31.50 to $34.65, citing improved profit margin estimates and a slightly more optimistic view on the company’s long-term financial outlook. What's in the News Kinross Gold was added to the FTSE All-World Index (USD) (Key Developments) The company reaffirmed its 2025 production guidance, expecting to produce 2 million ounces at a cost of sales of $1,120 per ounce and an all-in sustaining cost of $1,500 per ounce.
BTO
CA$6.66
B2Gold
7D
-8.1%
1Y
40.5%

Analysts Raise B2Gold Price Target as Goose Mine Boosts Outlook and Valuation Estimates

Analysts have raised their price target for B2Gold from $7.59 to $8.60, citing slightly improved revenue growth forecasts and increased fair value estimates. This comes despite a marginal uptick in the discount rate and a slight decrease in projected profit margins.
AAUC
CA$24.09
Allied Gold
7D
-2.1%
1Y
109.1%

Analyst Commentary Highlights Revised Outlook and Valuation Adjustments for Allied Gold

Analysts have lowered their price target for Allied Gold from C$30 to C$27. They cite slight decreases in projected profit margins and revenue growth as the main reasons for this adjustment.
TXG
CA$55.99
Torex Gold Resources
7D
-4.0%
1Y
85.2%
WPM
CA$132.75
Wheaton Precious Metals
7D
-2.3%
1Y
41.4%

Analysts Boost Wheaton Precious Metals Targets Amid Higher Forecasts and Mixed Valuation Views

Wheaton Precious Metals' analyst price targets have increased significantly in recent updates. Analysts cite higher gold and silver price forecasts, improved revenue growth prospects, and recent sector momentum as key drivers of this upward adjustment.
RBX
CA$4.75
Robex Resources
7D
4.4%
1Y
84.1%
SXGC
CA$8.09
Southern Cross Gold Consolidated
7D
9.6%
1Y
n/a
RIO
CA$2.14
Rio2
7D
17.6%
1Y
197.2%
SAU
CA$0.40
St. Augustine Gold and Copper
7D
21.2%
1Y
400.0%