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Canadian (TSX) Silver Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies30
  • 7D12.2%
  • 3M43.9%
  • 1Y259.9%
  • YTDn/a

In the last week, the Silver industry is up 12%, with First Majestic Silver up 14%. This means that the industry has gained 260% over the past year. Earnings are forecast to grow by 56% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026CA$39.0bCA$3.5bCA$82.8m89.4x470.6x11x
Sun, 14 Dec 2025CA$32.6bCA$3.5bCA$81.5m71.2x400.1x9.3x
Tue, 11 Nov 2025CA$23.5bCA$3.1b-CA$21,986,335.2459.2x-1070.9x7.5x
Thu, 09 Oct 2025CA$25.4bCA$2.8b-CA$21,202,090.6829.4x-1197.8x9.1x
Sat, 06 Sep 2025CA$23.4bCA$2.8bCA$121.6m22.3x192x8.5x
Mon, 04 Aug 2025CA$19.1bCA$2.3b-CA$84,012,573.5120.3x-226.9x8.4x
Wed, 02 Jul 2025CA$34.5bCA$7.9bCA$577.4m15.9x59.8x4.4x
Fri, 30 May 2025CA$30.7bCA$8.0bCA$587.4m14.5x52.2x3.8x
Sun, 27 Apr 2025CA$29.5bCA$7.3bCA$260.8m14.4x113.2x4x
Tue, 25 Mar 2025CA$30.6bCA$7.6bCA$317.2m18.2x96.4x4x
Thu, 20 Feb 2025CA$26.2bCA$7.2b-CA$6,367,765.1823x-4118.2x3.7x
Sat, 18 Jan 2025CA$23.8bCA$7.3b-CA$28,651,086.7221x-830x3.3x
Mon, 16 Dec 2024CA$24.5bCA$7.1b-CA$29,704,004.5120.8x-823.4x3.4x
Wed, 13 Nov 2024CA$24.5bCA$7.0b-CA$58,759,587.0120.6x-416.8x3.5x
Fri, 11 Oct 2024CA$24.4bCA$6.6b-CA$202,459,253.9123.9x-120.4x3.7x
Sun, 08 Sep 2024CA$19.7bCA$6.5b-CA$201,345,700.1917.4x-97.8x3x
Tue, 06 Aug 2024CA$22.0bCA$6.4b-CA$287,993,517.9016.2x-76.5x3.5x
Thu, 04 Jul 2024CA$21.0bCA$6.3b-CA$229,287,059.1617.2x-91.6x3.4x
Sat, 01 Jun 2024CA$25.0bCA$6.3b-CA$231,234,467.5319.5x-108.3x4x
Mon, 29 Apr 2024CA$21.7bCA$6.0b-CA$329,795,843.0227.5x-65.7x3.6x
Wed, 27 Mar 2024CA$16.3bCA$5.9b-CA$393,558,526.2450.2x-41.4x2.8x
Fri, 23 Feb 2024CA$14.1bCA$5.8b-CA$525,462,857.7729x-26.8x2.4x
Sun, 21 Jan 2024CA$15.1bCA$5.4b-CA$887,550,968.0031.3x-17x2.8x
Tue, 19 Dec 2023CA$17.4bCA$5.4b-CA$877,111,273.0036.7x-19.8x3.2x
Thu, 16 Nov 2023CA$15.5bCA$5.4b-CA$886,008,462.0036.1x-17.5x2.8x
Sat, 14 Oct 2023CA$16.1bCA$5.0b-CA$1,010,725,317.0038.3x-16x3.2x
Mon, 11 Sep 2023CA$16.5bCA$5.0b-CA$1,009,980,984.0038.5x-16.4x3.3x
Wed, 09 Aug 2023CA$17.0bCA$4.5b-CA$1,261,089,724.0037.6x-13.5x3.8x
Fri, 07 Jul 2023CA$15.9bCA$4.5b-CA$1,378,703,913.0055.2x-11.5x3.5x
Sun, 04 Jun 2023CA$17.8bCA$4.5b-CA$1,384,374,268.0065.4x-12.9x3.9x
Tue, 02 May 2023CA$20.1bCA$4.6b-CA$1,145,434,205.0075.8x-17.5x4.3x
Thu, 30 Mar 2023CA$16.6bCA$4.6b-CA$1,145,824,735.0049x-14.5x3.6x
Sat, 25 Feb 2023CA$14.0bCA$4.7b-CA$902,183,683.0022.9x-15.5x3x
Mon, 23 Jan 2023CA$17.1bCA$4.7b-CA$646,469,762.0045.2x-26.5x3.6x
Price to Earnings Ratio

-26.5x


Total Market Cap: CA$17.1bTotal Earnings: -CA$646,469,762.00Total Revenue: CA$4.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Silver Industry Price to Earnings3Y Average -167x202420252026
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 471x which is higher than its 3-year average PE of -167x.
  • The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 11.0x.
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 9.3% 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 Market2.30%
Materials6.26%
Metals and Mining6.17%
Silver12.18%
Copper8.44%
Precious Metals and Minerals7.89%
Diversified Metals and Mining6.65%
Gold5.45%
Aluminum0%0
Steel-0.91%
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
AG First Majestic SilverCA$28.2714.0%
+CA$1.7b		251.6%PE146.3x
EDR Endeavour SilverCA$16.0918.9%
+CA$753.1m		219.2%PS10.1x
DSV Discovery SilverCA$9.098.2%
+CA$557.4m		888.0%PE146.7x
SVM Silvercorp MetalsCA$14.1914.1%
+CA$385.5m		221.0%PE89.4x
AYA Aya Gold & SilverCA$22.8510.4%
+CA$305.3m		90.4%PE945.7x

Latest News

SVM
CA$14.19
Silvercorp Metals
7D
14.1%
1Y
221.0%
DSV
CA$9.09
Discovery Silver
7D
8.2%
1Y
888.0%
AG
CA$28.27
First Majestic Silver
7D
14.0%
1Y
251.6%
EDR
CA$16.09
Endeavour Silver
7D
18.9%
1Y
219.2%
AYA
CA$22.85
Aya Gold & Silver
7D
10.4%
1Y
90.4%
SVE
CA$0.80
Silver One Resources
7D
35.6%
1Y
263.6%
KUYA
CA$0.87
Kuya Silver
7D
-4.4%
1Y
255.1%
APM
CA$10.48
Andean Precious Metals
7D
11.3%
1Y
654.0%

APM: Steady Ore Sourcing And Expanded Drilling Will Support Balanced Prospects

Analysts have revised their price target on Andean Precious Metals to US$10.39 per share, reflecting updated assumptions around the discount rate, long term revenue growth, profit margin and future P/E multiple. What's in the News Silver Elephant Mining Corp.
GGD
CA$3.21
GoGold Resources
7D
7.4%
1Y
134.3%

Revenues Not Telling The Story For GoGold Resources Inc. (TSE:GGD) After Shares Rise 31%

Dec 23
Revenues Not Telling The Story For GoGold Resources Inc. (TSE:GGD) After Shares Rise 31%
BPAG
CA$0.60
BP Silver
7D
-6.3%
1Y
n/a
HAMR
CA$0.12
Silver Hammer Mining
7D
-8.0%
1Y
91.7%