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Canadian (TSX) Gold Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies328
  • 7D8.8%
  • 3M52.5%
  • 1Y178.2%
  • YTDn/a

In the last week, the Gold industry is up 8.8%, with Wheaton Precious Metals up 11%. In the last 12 months, the industry was up 178%. Looking forward, earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026CA$756.4bCA$84.7bCA$16.9b30.3x44.8x8.9x
Sat, 27 Dec 2025CA$630.0bCA$84.9bCA$16.9b21.9x37.2x7.4x
Mon, 24 Nov 2025CA$518.4bCA$86.7bCA$17.9b20.8x28.9x6x
Wed, 22 Oct 2025CA$545.6bCA$78.9bCA$13.0b27.2x42.1x6.9x
Fri, 19 Sep 2025CA$477.7bCA$78.9bCA$12.7b26.1x37.7x6.1x
Sun, 17 Aug 2025CA$408.8bCA$79.6bCA$12.7b20.6x32.2x5.1x
Tue, 15 Jul 2025CA$368.9bCA$72.8bCA$9.5b19.9x38.7x5.1x
Thu, 12 Jun 2025CA$341.7bCA$68.0bCA$9.0b18.7x38.1x5x
Sat, 10 May 2025CA$324.6bCA$68.1bCA$9.0b20.5x36.2x4.8x
Mon, 07 Apr 2025CA$280.6bCA$65.4bCA$7.4b16.5x37.9x4.3x
Wed, 05 Mar 2025CA$273.2bCA$65.0bCA$5.4b14.4x50.7x4.2x
Fri, 31 Jan 2025CA$253.8bCA$62.0bCA$2.8b18.1x89.3x4.1x
Sun, 29 Dec 2024CA$234.0bCA$61.7bCA$2.8b13.9x82.5x3.8x
Tue, 26 Nov 2024CA$248.6bCA$59.8bCA$2.5b15.3x97.5x4.2x
Thu, 24 Oct 2024CA$273.4bCA$55.8bCA$1.5b20.6x177.7x4.9x
Sat, 21 Sep 2024CA$246.5bCA$55.1bCA$1.4b18x170.8x4.5x
Mon, 19 Aug 2024CA$236.6bCA$55.5bCA$1.4b18.1x164x4.3x
Wed, 17 Jul 2024CA$234.1bCA$54.2bCA$1.7b22.8x138.3x4.3x
Fri, 14 Jun 2024CA$208.2bCA$55.0bCA$1.3b20.2x166.2x3.8x
Sun, 12 May 2024CA$217.4bCA$54.8bCA$1.7b18.9x129.1x4x
Tue, 09 Apr 2024CA$209.3bCA$53.7bCA$2.0b18.4x105.7x3.9x
Thu, 07 Mar 2024CA$181.6bCA$54.0bCA$1.8b16.6x98.6x3.4x
Sat, 03 Feb 2024CA$191.0bCA$55.9bCA$580.3m16x329.2x3.4x
Mon, 01 Jan 2024CA$202.3bCA$55.1bCA$609.6m16.1x331.8x3.7x
Wed, 29 Nov 2023CA$200.4bCA$56.3bCA$662.0m15.4x302.7x3.6x
Fri, 27 Oct 2023CA$199.6bCA$55.6bCA$484.7m14.3x411.9x3.6x
Sun, 24 Sep 2023CA$198.9bCA$54.2bCA$458.2m13.8x434.1x3.7x
Tue, 22 Aug 2023CA$192.1bCA$53.4bCA$470.9m13.4x407.8x3.6x
Thu, 20 Jul 2023CA$210.3bCA$51.3b-CA$75,653,918.0015.3x-2780.1x4.1x
Sat, 17 Jun 2023CA$206.1bCA$51.4b-CA$142,365,978.0014.7x-1447.7x4x
Mon, 15 May 2023CA$231.0bCA$52.4bCA$271.4m16.6x851x4.4x
Wed, 12 Apr 2023CA$229.4bCA$52.0bCA$631.4m23.7x363.4x4.4x
Fri, 10 Mar 2023CA$188.8bCA$53.4bCA$2.9b19.2x64.2x3.5x
Sun, 05 Feb 2023CA$206.1bCA$54.4bCA$5.1b20.3x40.2x3.8x
Price to Earnings Ratio

40.2x


Total Market Cap: CA$206.1bTotal Earnings: CA$5.1bTotal Revenue: CA$54.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gold Industry Price to Earnings3Y Average 38x202420252026
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 44.8x which is higher than its 3-year average PE of 38.0x.
  • The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 8.9x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 49% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Market1.18%
Materials7.88%
Metals and Mining8.61%
Gold8.83%
Precious Metals and Minerals15.96%
Silver13.43%
Diversified Metals and Mining9.18%
Copper3.20%
Aluminum0%0
Steel-0.33%
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
WPM Wheaton Precious MetalsCA$211.6011.2%
+CA$9.7b		142.7%PE70.7x
ABX Barrick MiningCA$71.865.9%
+CA$6.8b		212.2%PE25x
PAAS Pan American SilverCA$89.3113.0%
+CA$4.3b		174.0%PE43.8x
K Kinross GoldCA$51.565.6%
+CA$3.3b		221.2%PE26.1x
CGG China Gold International ResourcesCA$43.0919.5%
+CA$2.8b		420.4%PE30.8x

Latest News

FNV
CA$363.32
Franco-Nevada
7D
4.1%
1Y
92.1%
AGI
CA$60.28
Alamos Gold
7D
8.5%
1Y
103.6%
CGG
CA$43.09
China Gold International Resources
7D
19.5%
1Y
420.4%
FDR
CA$4.74
Founders Metals
7D
-2.3%
1Y
-4.2%
RDS
CA$0.74
Radisson Mining Resources
7D
-8.6%
1Y
124.2%
PAAS
CA$89.31
Pan American Silver
7D
13.0%
1Y
174.0%
EQX
CA$23.28
Equinox Gold
7D
13.3%
1Y
171.3%
K
CA$51.56
Kinross Gold
7D
5.6%
1Y
221.2%
CERT
CA$1.98
Cerrado Gold
7D
-5.7%
1Y
321.3%
ABX
CA$71.86
Barrick Mining
7D
5.9%
1Y
212.2%

ABX: Future Corporate Split Will Weigh On Shares Despite Stronger Outlook

Analysts have raised their price target on Barrick Mining from US$31.15 to US$42.23, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple as the key drivers of the revised outlook. What's in the News Barrick Mining plans a leadership change in the finance team, with board member Helen Cai set to become Chief Financial Officer on March 1, 2026, following the departure of current CFO Graham Shuttleworth after the 2025 year end results.
LGC
CA$3.37
Lavras Gold
7D
-12.0%
1Y
47.8%
WPM
CA$211.60
Wheaton Precious Metals
7D
11.2%
1Y
142.7%

WPM: Precious Metals Streams And Geopolitical Tensions Will Support Future Upside

Analysts have lifted their price targets on Wheaton Precious Metals into the low US$130s, with the updated fair value estimate of about US$259. This change is supported by expectations for stronger revenue growth, higher profit margins, a slightly higher discount rate, and a lower future P/E assumption.
RML
CA$1.27
Rusoro Mining
7D
-3.8%
1Y
76.4%
BSX
CA$0.62
Belo Sun Mining
7D
-8.8%
1Y
188.4%
OMM
CA$0.085
Omineca Mining and Metals
7D
-29.2%
1Y
70.0%

Omineca Mining and Metals (CVE:OMM) Is Carrying A Fair Bit Of Debt

Jan 15
Omineca Mining and Metals (CVE:OMM) Is Carrying A Fair Bit Of Debt