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Canadian (TSX) Gold Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies336
  • 7D1.0%
  • 3M-13.5%
  • 1Y54.6%
  • YTDn/a

The Gold industry has been flat over the last week, but Franco-Nevada has lost 3.7%. As for the the longer term, the industry is up 54% over the past 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026CA$579.0bCA$109.8bCA$32.3b14x17.9x5.3x
Tue, 12 May 2026CA$663.2bCA$102.1bCA$29.1b16.7x22.8x6.5x
Thu, 09 Apr 2026CA$672.4bCA$94.9bCA$24.8b18.1x27.1x7.1x
Sat, 07 Mar 2026CA$719.6bCA$93.0bCA$23.1b21.4x31.1x7.7x
Mon, 02 Feb 2026CA$655.2bCA$85.1bCA$16.9b25.9x38.7x7.7x
Wed, 31 Dec 2025CA$614.2bCA$85.1bCA$17.0b23.1x36.2x7.2x
Fri, 28 Nov 2025CA$575.1bCA$86.4bCA$17.9b21.5x32.2x6.7x
Sun, 26 Oct 2025CA$500.6bCA$78.8bCA$12.9b26.8x38.7x6.4x
Tue, 23 Sep 2025CA$503.5bCA$79.0bCA$12.7b25.9x39.6x6.4x
Thu, 21 Aug 2025CA$399.5bCA$79.9bCA$12.8b20.7x31.3x5x
Sat, 19 Jul 2025CA$361.2bCA$73.0bCA$9.5b20.3x37.8x4.9x
Mon, 16 Jun 2025CA$356.1bCA$67.6bCA$8.9b19x40x5.3x
Wed, 14 May 2025CA$266.4bCA$49.8bCA$5.7b18.6x46.8x5.4x
Fri, 11 Apr 2025CA$296.9bCA$64.2bCA$7.3b18.1x40.9x4.6x
Sun, 09 Mar 2025CA$281.0bCA$65.0bCA$5.4b14.8x52x4.3x
Tue, 04 Feb 2025CA$262.6bCA$62.4bCA$2.9b18.1x91.4x4.2x
Thu, 02 Jan 2025CA$232.3bCA$61.6bCA$2.8b13.9x82.2x3.8x
Sat, 30 Nov 2024CA$243.4bCA$59.9bCA$2.6b15.7x94.6x4.1x
Mon, 28 Oct 2024CA$265.0bCA$55.9bCA$1.6b19.8x169.2x4.7x
Wed, 25 Sep 2024CA$247.3bCA$54.5bCA$1.4b18.8x174.2x4.5x
Fri, 23 Aug 2024CA$244.3bCA$55.2bCA$1.4b20.7x171.3x4.4x
Sun, 21 Jul 2024CA$229.4bCA$54.4bCA$1.8b23.1x129.1x4.2x
Tue, 18 Jun 2024CA$208.6bCA$55.0bCA$1.3b20.3x161.8x3.8x
Thu, 16 May 2024CA$218.1bCA$54.7bCA$1.8b21.2x119x4x
Sat, 13 Apr 2024CA$213.4bCA$54.5bCA$2.0b18.8x104.8x3.9x
Mon, 11 Mar 2024CA$186.0bCA$53.9bCA$2.0b16.7x91.6x3.4x
Wed, 07 Feb 2024CA$178.3bCA$52.8bCA$2.1b15.2x83x3.4x
Fri, 05 Jan 2024CA$197.7bCA$55.5bCA$636.3m15.9x310.6x3.6x
Sun, 03 Dec 2023CA$208.5bCA$56.0bCA$652.3m16.7x319.6x3.7x
Tue, 31 Oct 2023CA$198.7bCA$55.6bCA$514.5m14.1x386.3x3.6x
Thu, 28 Sep 2023CA$186.1bCA$54.3bCA$464.4m13.4x400.9x3.4x
Sat, 26 Aug 2023CA$198.1bCA$53.6bCA$495.0m13.6x400.2x3.7x
Mon, 24 Jul 2023CA$207.0bCA$51.4b-CA$68,037,703.0015x-3041.8x4x
Wed, 21 Jun 2023CA$198.9bCA$51.5b-CA$134,399,568.0015.3x-1479.8x3.9x
Price to Earnings Ratio

-1479.8x


Total Market Cap: CA$198.9bTotal Earnings: -CA$134,399,568.00Total Revenue: CA$51.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gold Industry Price to Earnings3Y Average 4.2x202420252026
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 17.4x which is higher than its 3-year average PE of 1.5x.
  • The industry is trading close to its 3-year average PS ratio of 4.8x.
Past Earnings Growth
  • Total earnings for the Gold industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 29% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does Canadian Gold compare with similar industries?

CA Market1.46%
Materials2.31%
Metals and Mining2.42%
Gold0.97%
Silver6.28%
Copper6.27%
Steel5.82%
Diversified Metals and Mining4.49%
Precious Metals and Minerals3.62%
Aluminum0%0
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$56.252.4%
+CA$2.2b		91.8%PE11x
IMG IAMGOLDCA$23.238.3%
+CA$1.0b		124.0%PE9.6x
CGG China Gold International ResourcesCA$26.949.8%
+CA$955.4m		120.1%PE12.4x
ARTG Artemis GoldCA$33.7911.1%
+CA$787.6m		27.2%PE17.2x
GMIN G Mining VenturesCA$37.207.2%
+CA$596.7m		86.4%PE18.4x

Latest News

IMG
CA$23.23
IAMGOLD
7D
8.3%
1Y
124.0%
Narrative Update • Jun 13

IMG: Resource Expansion And Ongoing Buybacks Will Drive Future Capital Returns

Analysts now set a slightly higher fair value price target for IAMGOLD at about CA$40.97, up from roughly CA$40.19, reflecting updated views on the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News IAMGOLD reported an updated consolidated Mineral Resource estimate for the Côté Gold Mine in Ontario, with Measured and Indicated gold reported at 20.3 million ounces and Inferred resources at 3.5 million ounces, integrating the Côté and Gosselin zones into a single geological framework.
FNV
CA$293.33
Franco-Nevada
7D
-3.7%
1Y
25.7%
LUG
CA$76.81
Lundin Gold
7D
-1.5%
1Y
4.0%
EQX
CA$14.74
Equinox Gold
7D
-2.1%
1Y
68.8%
K
CA$35.76
Kinross Gold
7D
-2.0%
1Y
66.6%
ABX
CA$56.25
Barrick Mining
7D
2.4%
1Y
91.8%
Narrative Update • Jun 09

ABX: Buybacks And Portfolio Shift Will Support Future Rerating Potential

Analysts have increased their fair value estimate for Barrick Mining from CA$95.63 to CA$96.49, citing updated assumptions for revenue growth, discount rate, profit margin, and future P/E, as reflected in recent Street research. Analyst Commentary Recent Street research on peer companies such as Abacus Global highlights how bullish analysts tend to respond when they see strong execution or a valuation that still looks appealing after a period of gains.
SEA
CA$39.26
Seabridge Gold
7D
-3.9%
1Y
93.6%
AGI
CA$49.19
Alamos Gold
7D
-0.6%
1Y
31.5%
ELD
CA$42.87
Eldorado Gold
7D
4.0%
1Y
47.0%
PAAS
CA$67.40
Pan American Silver
7D
1.8%
1Y
71.0%
EDV
CA$72.34
Endeavour Mining
7D
-0.5%
1Y
63.5%
GMIN
CA$37.20
G Mining Ventures
7D
7.2%
1Y
86.4%
ARTG
CA$33.79
Artemis Gold
7D
11.1%
1Y
27.2%
CGG
CA$26.94
China Gold International Resources
7D
9.8%
1Y
120.1%
MAU
CA$15.92
Montage Gold
7D
10.2%
1Y
251.4%