Why Investors Shouldn't Be Surprised By Aya Gold & Silver Inc.'s (TSE:AYA) 34% Share Price Surge
Sep 16
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Canadian (TSX) Silver Industry Analysis
UpdatedSep 19, 2025
DataAggregated Company Financials
Companies29
- 7D-2.7%
- 3M33.6%
- 1Y85.7%
- YTDn/a
In the last week, the Silver industry is up 3.7%, with First Majestic Silver up 6.0%. Meanwhile, Andean Precious Metals actually underperformed within the industry, shrinking 6.9% in the last week. This means that the industry has gained 92% over the past year. Looking forward, earnings are forecast to grow by 41% annually.
Industry Valuation and Performance
Has the Canadian Silver Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | CA$21.3b | CA$2.7b | -CA$21,750,641.55 | 20.7x | -981.6x | 7.8x |
| Sun, 17 Aug 2025 | CA$21.4b | CA$2.7b | CA$108.5m | 20.8x | 197x | 7.8x |
| Tue, 15 Jul 2025 | CA$20.7b | CA$2.2b | -CA$81,420,793.72 | 19x | -254.6x | 9.2x |
| Thu, 12 Jun 2025 | CA$36.1b | CA$7.9b | CA$579.6m | 15.9x | 62.3x | 4.6x |
| Sat, 10 May 2025 | CA$29.0b | CA$8.0b | CA$639.8m | 15.4x | 45.3x | 3.6x |
| Mon, 07 Apr 2025 | CA$24.9b | CA$7.5b | CA$269.9m | 12.8x | 92.1x | 3.3x |
| Wed, 05 Mar 2025 | CA$26.6b | CA$7.6b | CA$224.6m | 36.8x | 118.3x | 3.5x |
| Fri, 31 Jan 2025 | CA$24.8b | CA$7.3b | -CA$28,351,229.46 | 22.5x | -875.4x | 3.4x |
| Sun, 29 Dec 2024 | CA$22.8b | CA$7.2b | -CA$28,788,493.89 | 19.2x | -792x | 3.2x |
| Tue, 26 Nov 2024 | CA$25.1b | CA$7.0b | -CA$37,539,454.51 | 17.4x | -668.8x | 3.6x |
| Thu, 24 Oct 2024 | CA$29.7b | CA$6.7b | -CA$203,313,420.52 | 25.6x | -145.9x | 4.5x |
| Sat, 21 Sep 2024 | CA$23.1b | CA$6.5b | -CA$200,834,519.98 | 21.4x | -115.2x | 3.5x |
| Mon, 19 Aug 2024 | CA$22.1b | CA$6.6b | -CA$198,799,739.89 | 19x | -111x | 3.3x |
| Wed, 17 Jul 2024 | CA$24.9b | CA$6.3b | -CA$229,808,474.82 | 19x | -108.3x | 4x |
| Fri, 14 Jun 2024 | CA$21.8b | CA$6.3b | -CA$230,583,737.58 | 16.8x | -94.7x | 3.5x |
| Sun, 12 May 2024 | CA$23.0b | CA$6.3b | -CA$248,043,352.73 | 20.5x | -92.7x | 3.7x |
| Tue, 09 Apr 2024 | CA$21.0b | CA$5.9b | -CA$329,187,613.01 | 25.8x | -63.8x | 3.6x |
| Thu, 07 Mar 2024 | CA$14.9b | CA$5.8b | -CA$489,421,297.00 | 34.2x | -30.4x | 2.6x |
| Sat, 03 Feb 2024 | CA$15.1b | CA$5.4b | -CA$886,703,334.00 | 30.7x | -17x | 2.8x |
| Mon, 01 Jan 2024 | CA$17.4b | CA$5.3b | -CA$877,860,833.00 | 35.8x | -19.9x | 3.3x |
| Wed, 29 Nov 2023 | CA$17.1b | CA$5.4b | -CA$882,627,973.00 | 40.2x | -19.3x | 3.2x |
| Fri, 27 Oct 2023 | CA$16.1b | CA$5.0b | -CA$1,018,350,647.00 | 36x | -15.8x | 3.2x |
| Sun, 24 Sep 2023 | CA$16.2b | CA$4.9b | -CA$1,001,391,538.00 | 38.2x | -16.1x | 3.3x |
| Tue, 22 Aug 2023 | CA$16.6b | CA$4.9b | -CA$1,085,205,711.00 | 40.6x | -15.3x | 3.4x |
| Thu, 20 Jul 2023 | CA$18.8b | CA$4.4b | -CA$1,363,076,703.00 | 62.2x | -13.8x | 4.3x |
| Sat, 17 Jun 2023 | CA$16.7b | CA$4.4b | -CA$1,365,690,037.00 | 61.4x | -12.2x | 3.8x |
| Mon, 15 May 2023 | CA$18.8b | CA$4.6b | -CA$1,368,823,598.00 | 61.2x | -13.7x | 4.1x |
| Wed, 12 Apr 2023 | CA$21.6b | CA$4.6b | -CA$1,143,244,498.00 | 79.7x | -18.9x | 4.7x |
| Fri, 10 Mar 2023 | CA$14.2b | CA$4.8b | -CA$915,971,579.00 | 32.4x | -15.5x | 3x |
| Sun, 05 Feb 2023 | CA$15.9b | CA$4.7b | -CA$647,382,710.00 | 41.9x | -24.6x | 3.4x |
| Tue, 03 Jan 2023 | CA$16.2b | CA$4.8b | -CA$650,644,239.00 | 43.3x | -25x | 3.4x |
| Thu, 01 Dec 2022 | CA$16.2b | CA$4.8b | -CA$654,770,661.00 | 28x | -24.8x | 3.4x |
| Sat, 29 Oct 2022 | CA$14.9b | CA$5.0b | -CA$505,137,258.00 | 18.8x | -29.5x | 3x |
| Mon, 26 Sep 2022 | CA$12.9b | CA$4.9b | -CA$511,878,765.00 | 14.3x | -25.3x | 2.6x |
Price to Earnings Ratio
-25.3x
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 3.9x is lower than the industry's current PS ratio of 7.9x.
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 18% 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 | -0.23% | |
| Materials | -1.93% | |
| Metals and Mining | -1.96% | |
| Silver | -2.70% | |
| Copper | 0.056% | |
| Aluminum | 0% | 0 |
| Diversified Metals and Mining | -0.94% | |
| Steel | -1.65% | |
| Precious Metals and Minerals | -1.81% | |
| Gold | -2.36% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NUAG New Pacific Metals | CA$3.21 | 12.6% +CA$62.0m | 69.8% | PB3x | |
| EDR Endeavour Silver | CA$8.54 | 0.7% +CA$17.4m | 75.0% | PS7.3x | |
| DEF Defiance Silver | CA$0.25 | 11.1% +CA$9.1m | -5.7% | PB2x | |
| APGO Apollo Silver | CA$3.38 | 5.6% +CA$8.7m | 155.1% | PB15.3x | |
| AGAG Argenta Silver | CA$0.94 | 17.4% +CA$6.4m | n/a | PB13.5x |
