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Canadian (TSX) Silver Industry Analysis

UpdatedNov 07, 2025
DataAggregated Company Financials
Companies30
  • 7D-11.4%
  • 3M29.7%
  • 1Y70.3%
  • YTDn/a

Over the last 7 days, the Silver industry has dropped 8.8%, driven by a pullback from First Majestic Silver of 16%. In the past year, the industry has gained 72%. Earnings are forecast to grow by 42% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Nov 2025CA$22.7bCA$3.0bCA$53.5m24.9x423.3x7.5x
Sun, 05 Oct 2025CA$25.0bCA$2.8b-CA$21,208,642.3628.1x-1177.4x9x
Tue, 02 Sep 2025CA$23.0bCA$2.7bCA$119.5m22x192.4x8.4x
Thu, 31 Jul 2025CA$19.8bCA$2.3b-CA$83,823,566.2416.4x-236.4x8.7x
Sat, 28 Jun 2025CA$35.9bCA$7.9bCA$581.3m15.3x61.8x4.5x
Mon, 26 May 2025CA$29.7bCA$7.9bCA$597.6m11.3x49.7x3.8x
Wed, 23 Apr 2025CA$30.9bCA$7.3bCA$260.4m14.7x118.7x4.2x
Fri, 21 Mar 2025CA$31.5bCA$7.6bCA$314.1m18.3x100.3x4.2x
Sun, 16 Feb 2025CA$26.2bCA$7.2b-CA$6,439,375.8522.7x-4072.4x3.7x
Tue, 14 Jan 2025CA$23.7bCA$7.2b-CA$28,836,779.5519x-823x3.3x
Thu, 12 Dec 2024CA$25.6bCA$7.1b-CA$37,004,784.7317.5x-690.5x3.6x
Sat, 09 Nov 2024CA$26.6bCA$6.9b-CA$75,304,957.3723x-353.8x3.8x
Mon, 07 Oct 2024CA$24.6bCA$6.5b-CA$200,916,301.8922.7x-122.6x3.8x
Wed, 04 Sep 2024CA$21.6bCA$6.5b-CA$201,235,287.2418x-107.2x3.3x
Fri, 02 Aug 2024CA$24.5bCA$6.4b-CA$231,323,464.1717.1x-106x3.8x
Sun, 30 Jun 2024CA$21.0bCA$6.3b-CA$229,934,254.9216.4x-91.3x3.3x
Tue, 28 May 2024CA$24.2bCA$6.3b-CA$229,608,236.7320.3x-105.3x3.9x
Thu, 25 Apr 2024CA$21.1bCA$6.0b-CA$335,597,720.6525.6x-62.9x3.5x
Sat, 23 Mar 2024CA$16.2bCA$5.9b-CA$394,095,199.9051.4x-41.1x2.7x
Mon, 19 Feb 2024CA$14.3bCA$5.4b-CA$689,096,648.5529.9x-20.8x2.7x
Wed, 17 Jan 2024CA$16.7bCA$5.4b-CA$888,871,885.0032.3x-18.8x3.1x
Fri, 15 Dec 2023CA$17.6bCA$5.4b-CA$877,572,958.0037.6x-20x3.3x
Sun, 12 Nov 2023CA$14.7bCA$5.5b-CA$895,034,786.0033.3x-16.4x2.7x
Tue, 10 Oct 2023CA$15.3bCA$5.0b-CA$1,011,033,602.0037.1x-15.1x3.1x
Thu, 07 Sep 2023CA$16.7bCA$5.0b-CA$1,009,752,428.0038.4x-16.5x3.4x
Sat, 05 Aug 2023CA$17.3bCA$4.5b-CA$1,289,461,454.0059.8x-13.4x3.9x
Mon, 03 Jul 2023CA$16.3bCA$4.4b-CA$1,369,455,528.0058.2x-11.9x3.7x
Wed, 31 May 2023CA$17.3bCA$4.6b-CA$1,396,012,256.0061.4x-12.4x3.8x
Fri, 28 Apr 2023CA$20.3bCA$4.7b-CA$1,150,936,980.0075.9x-17.6x4.3x
Sun, 26 Mar 2023CA$16.3bCA$4.7b-CA$1,149,818,406.0047x-14.1x3.5x
Tue, 21 Feb 2023CA$15.2bCA$4.8b-CA$644,687,390.0024.5x-23.6x3.2x
Thu, 19 Jan 2023CA$16.8bCA$4.8b-CA$649,598,639.0043.9x-25.9x3.5x
Sat, 17 Dec 2022CA$16.9bCA$4.8b-CA$656,635,514.0030.7x-25.7x3.5x
Mon, 14 Nov 2022CA$15.8bCA$4.7b-CA$648,548,550.0028.6x-24.4x3.4x
Price to Earnings Ratio

-24.4x


Total Market Cap: CA$15.8bTotal Earnings: -CA$648,548,550.00Total Revenue: CA$4.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Silver Industry Price to Earnings3Y Average -182.5x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Silver industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 8.3x.
Past Earnings Growth
  • The earnings for companies in the Silver industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 16% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Comparison

How does Canadian Silver compare with similar industries?

CA Market-0.77%
Materials-1.93%
Metals and Mining-2.36%
Silver-11.44%
Copper2.14%
Aluminum0%0
Steel-1.14%
Gold-1.59%
Diversified Metals and Mining-5.47%
Precious Metals and Minerals-9.15%
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
NUAG New Pacific MetalsCA$2.93-4.6%
CA$9.2m		27.4%PB2.8x
SCRI Silver Crown RoyaltiesCA$6.003.4%
+CA$753.2k		-22.6%PS23.3x
MSV Minco SilverCA$0.343.0%
+CA$616.3k		78.9%PE2.2x
RSMX Regency SilverCA$0.182.9%
+CA$469.0k		-35.7%PB2.7x

Latest News

AG
CA$15.40
First Majestic Silver
7D
-15.5%
1Y
64.2%
AYA
CA$13.93
Aya Gold & Silver
7D
-9.5%
1Y
-20.9%
DSV
CA$5.27
Discovery Silver
7D
-10.1%
1Y
520.0%
SVM
CA$8.73
Silvercorp Metals
7D
-4.6%
1Y
36.6%

SVM: Future Profit Margins Expected To Rise As Ecuador Ramp-Up Begins

Analysts have raised their fair value price target for Silvercorp Metals from $12.50 to $12.87. This adjustment is attributed to higher profit margin expectations and recent positive coverage that initiated Buy and Overweight ratings.
NUAG
CA$2.93
New Pacific Metals
7D
-4.6%
1Y
27.4%
APM
CA$6.23
Andean Precious Metals
7D
-4.6%
1Y
240.4%

APM: Future Exploration Success And Ore Expansion Will Drive Shareholder Value

Analysts have raised their price target for Andean Precious Metals from $8.30 to $9.89, citing an updated outlook based on changing profit margin expectations and future earnings estimates. What's in the News Launched Phase 3 of the 2025 Golden Queen Exploration Program, drilling 3,903 metres at the Hilltop area and receiving positive assay results for 6 core holes.
GGD
CA$2.32
GoGold Resources
7D
-9.4%
1Y
65.7%
EDR
CA$10.30
Endeavour Silver
7D
-11.8%
1Y
54.7%

Analysts Raise Price Target for Endeavour Silver on Strong Production Growth and Higher Profit Margins

Endeavour Silver's analyst price target has increased from $12.17 to $14.79. Analysts cited stronger projected revenue growth, higher profit margins, and a lower future price-to-earnings ratio in their updated outlook as reasons for the change.
SVRS
CA$0.21
Silver Storm Mining
7D
-19.2%
1Y
n/a
SCRI
CA$6.00
Silver Crown Royalties
7D
3.4%
1Y
-22.6%
RSMX
CA$0.18
Regency Silver
7D
2.9%
1Y
-35.7%
MSV
CA$0.34
Minco Silver
7D
3.0%
1Y
78.9%