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Canadian (TSX) Silver Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies30
  • 7D-17.1%
  • 3M45.7%
  • 1Y246.2%
  • YTDn/a

Over the last 7 days, the Silver industry has dropped 17%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 246%. Earnings are forecast to grow by 38% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026CA$43.8bCA$4.5bCA$227.9m45.1x192.4x9.8x
Wed, 04 Feb 2026CA$38.1bCA$3.5bCA$79.1m94x481.8x11x
Fri, 02 Jan 2026CA$33.6bCA$3.5bCA$81.0m73.3x415.1x9.6x
Sun, 30 Nov 2025CA$31.3bCA$3.5bCA$84.4m68.8x370.8x8.8x
Tue, 28 Oct 2025CA$24.8bCA$2.8b-CA$21,140,177.3724.6x-1173.3x8.9x
Thu, 25 Sep 2025CA$24.0bCA$2.8b-CA$21,290,865.8623.7x-1125.9x8.7x
Sat, 23 Aug 2025CA$21.2bCA$2.7bCA$122.1m21.1x173.6x7.7x
Mon, 21 Jul 2025CA$19.4bCA$2.3b-CA$81,394,399.4816.6x-238.3x8.6x
Wed, 18 Jun 2025CA$36.0bCA$7.9bCA$578.6m16.9x62.1x4.6x
Fri, 16 May 2025CA$27.8bCA$8.0bCA$606.4m11x45.8x3.5x
Sun, 13 Apr 2025CA$29.1bCA$7.3bCA$261.9m15.4x111x4x
Tue, 11 Mar 2025CA$28.0bCA$7.6bCA$373.6m15.5x75.1x3.7x
Thu, 06 Feb 2025CA$26.7bCA$7.2b-CA$28,826,636.2122.4x-925.2x3.7x
Sat, 04 Jan 2025CA$23.9bCA$7.2b-CA$28,705,994.4019.5x-833.7x3.3x
Mon, 02 Dec 2024CA$24.6bCA$7.0b-CA$37,367,625.0817.2x-659.3x3.5x
Wed, 30 Oct 2024CA$28.5bCA$6.7b-CA$203,158,839.0126.2x-140.4x4.3x
Fri, 27 Sep 2024CA$24.6bCA$6.5b-CA$200,000,344.5123.2x-123.2x3.8x
Sun, 25 Aug 2024CA$22.8bCA$6.5b-CA$197,577,762.7919.9x-115.5x3.5x
Tue, 23 Jul 2024CA$24.0bCA$6.3b-CA$230,750,682.0618.2x-103.9x3.8x
Thu, 20 Jun 2024CA$22.0bCA$6.3b-CA$230,242,987.8716.9x-95.7x3.5x
Sat, 18 May 2024CA$23.5bCA$6.2b-CA$235,399,669.2822.6x-100x3.8x
Mon, 15 Apr 2024CA$21.7bCA$6.0b-CA$332,747,619.6725.2x-65.3x3.6x
Wed, 13 Mar 2024CA$15.9bCA$5.8b-CA$413,737,453.4255.5x-38.4x2.7x
Fri, 09 Feb 2024CA$14.4bCA$5.4b-CA$686,352,778.0129.5x-21x2.7x
Sun, 07 Jan 2024CA$16.8bCA$5.3b-CA$882,956,892.0034.1x-19x3.1x
Tue, 05 Dec 2023CA$18.4bCA$5.4b-CA$883,517,698.0038.3x-20.8x3.4x
Thu, 02 Nov 2023CA$15.7bCA$5.0b-CA$1,019,594,348.0034.2x-15.4x3.1x
Sat, 30 Sep 2023CA$15.4bCA$4.9b-CA$1,006,701,674.0037.4x-15.3x3.1x
Mon, 28 Aug 2023CA$17.1bCA$4.9b-CA$1,085,201,441.0041.2x-15.8x3.5x
Wed, 26 Jul 2023CA$18.0bCA$4.4b-CA$1,364,287,521.0058.9x-13.2x4.1x
Fri, 23 Jun 2023CA$15.9bCA$4.4b-CA$1,361,579,910.0056.6x-11.7x3.6x
Sun, 21 May 2023CA$18.1bCA$4.6b-CA$1,384,742,554.0061.6x-13.1x4x
Tue, 18 Apr 2023CA$20.6bCA$4.6b-CA$1,137,311,769.0077x-18.1x4.5x
Thu, 16 Mar 2023CA$15.5bCA$4.8b-CA$915,213,283.0034.8x-16.9x3.2x
Price to Earnings Ratio

-16.9x


Total Market Cap: CA$15.5bTotal Earnings: -CA$915,213,283.00Total Revenue: CA$4.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Silver Industry Price to Earnings3Y Average -139.2x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Silver industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 192x which is higher than its 3-year average PE of -139x.
  • The 3-year average PS ratio of 4.9x is lower than the industry's current PS ratio of 9.8x.
Past Earnings Growth
  • Total earnings for the Silver industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 2.1% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Canadian Silver compare with similar industries?

CA Market-3.75%
Materials-10.96%
Metals and Mining-11.87%
Silver-17.11%
Aluminum0%0
Steel-4.00%
Gold-10.71%
Precious Metals and Minerals-11.13%
Diversified Metals and Mining-12.06%
Copper-18.26%
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
No data available

Latest News

EDR
CA$15.22
Endeavour Silver
7D
-15.4%
1Y
191.0%

EDR: 2026 Production Guidance And Terronera Ramp Up Will Support Upside

Analysts have nudged their fair value estimate for Endeavour Silver slightly lower, from CA$23.30 to CA$23.10. They attribute this change to updated assumptions on growth, profitability and future P/E levels, while keeping their overall view of the company intact.
DSV
CA$10.07
Discovery Silver
7D
-6.3%
1Y
488.9%
APM
CA$8.61
Andean Precious Metals
7D
-16.4%
1Y
470.2%

APM: Reset Expectations And Higher Margins Will Support Future Upside

Analysts have trimmed their price target on Andean Precious Metals to CA$14 from CA$15, reflecting updated views on growth, margins, and the stock's future P/E multiple. Analyst Commentary Recent research reflects a modest reset in expectations, with the price target moving to CA$14 from CA$15 while the positive rating on the shares remains in place.
NUAG
CA$6.27
New Pacific Metals
7D
-18.0%
1Y
315.2%
AG
CA$35.07
First Majestic Silver
7D
-18.8%
1Y
338.4%
SVM
CA$16.08
Silvercorp Metals
7D
-13.4%
1Y
210.4%

SVM: Tulkubash Development And Resource Base Will Support Future Upside

Analysts have nudged their blended CA$ price target for Silvercorp Metals slightly higher, to roughly CA$21.46 from about CA$21.08. This reflects recent mixed revisions in Street research that balance more cautious growth assumptions with improved margin and P/E expectations.
AYA
CA$23.96
Aya Gold & Silver
7D
-17.9%
1Y
136.5%

AYA: Higher Price Expectations Will Test Profit Delivery And Project Execution

Aya Gold & Silver's updated fair value estimate has moved from CA$18.56 to CA$29.00. This change reflects higher Street price targets from several firms as analysts factor in revised assumptions around discount rates, profitability, and future P/E expectations.
GGD
CA$3.28
GoGold Resources
7D
-10.6%
1Y
101.2%