Narrative Update • Aug 14
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- 7D0.08%
- 3M8.5%
- 1Y67.5%
- YTD10.0%
Over the last 7 days, the Metals and Mining industry has dropped 1.3%, driven by a pullback from Pan American Silver of 7.6%. This takes the industry's 12 month performance to a gain of 65%. Earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Canadian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 18 Aug 2026 | CA$952.9b | CA$170.3b | CA$40.7b | 15.8x | 23.4x | 5.6x |
| Thu, 16 Jul 2026 | CA$833.1b | CA$159.9b | CA$35.8b | 14.4x | 23.2x | 5.2x |
| Sat, 13 Jun 2026 | CA$862.9b | CA$159.3b | CA$35.6b | 14.4x | 24.2x | 5.4x |
| Mon, 11 May 2026 | CA$974.6b | CA$149.3b | CA$32.0b | 16.7x | 30.4x | 6.5x |
| Wed, 08 Apr 2026 | CA$954.8b | CA$139.2b | CA$27.4b | 17.4x | 34.9x | 6.9x |
| Fri, 06 Mar 2026 | CA$1.1t | CA$136.4b | CA$25.0b | 19.1x | 42.7x | 7.8x |
| Sun, 01 Feb 2026 | CA$959.5b | CA$125.0b | CA$17.4b | 24x | 55.3x | 7.7x |
| Tue, 30 Dec 2025 | CA$873.8b | CA$125.2b | CA$17.4b | 23x | 50.1x | 7x |
| Thu, 27 Nov 2025 | CA$773.9b | CA$127.3b | CA$18.6b | 19.6x | 41.6x | 6.1x |
| Sat, 25 Oct 2025 | CA$716.5b | CA$118.2b | CA$13.3b | 21.2x | 53.8x | 6.1x |
| Mon, 22 Sep 2025 | CA$691.6b | CA$117.3b | CA$11.9b | 20.4x | 58x | 5.9x |
| Wed, 20 Aug 2025 | CA$572.2b | CA$118.4b | CA$12.1b | 15.6x | 47.2x | 4.8x |
| Fri, 18 Jul 2025 | CA$524.5b | CA$110.0b | CA$8.2b | 16.2x | 63.7x | 4.8x |
| Sun, 15 Jun 2025 | CA$522.8b | CA$109.9b | CA$8.2b | 16x | 63.6x | 4.8x |
| Tue, 13 May 2025 | CA$490.0b | CA$111.6b | CA$8.6b | 13.4x | 57.2x | 4.4x |
| Thu, 10 Apr 2025 | CA$404.7b | CA$106.1b | CA$5.3b | 12.3x | 76.9x | 3.8x |
| Sat, 08 Mar 2025 | CA$434.6b | CA$107.1b | CA$4.4b | 11.8x | 97.9x | 4.1x |
| Mon, 03 Feb 2025 | CA$420.6b | CA$112.9b | CA$692.3m | 13.1x | 607.5x | 3.7x |
| Wed, 01 Jan 2025 | CA$386.6b | CA$111.9b | CA$491.9m | 13x | 786x | 3.5x |
| Fri, 29 Nov 2024 | CA$412.0b | CA$109.6b | CA$367.7m | 13x | 1120.6x | 3.8x |
| Sun, 27 Oct 2024 | CA$447.2b | CA$107.4b | -CA$846,804,717.48 | 17.4x | -528.1x | 4.2x |
| Tue, 24 Sep 2024 | CA$419.4b | CA$105.6b | -CA$629,794,981.25 | 16.2x | -666x | 4x |
| Thu, 22 Aug 2024 | CA$409.2b | CA$105.8b | -CA$657,117,674.60 | 15.5x | -622.7x | 3.9x |
| Sat, 20 Jul 2024 | CA$398.4b | CA$104.6b | -CA$28,176,625.22 | 15.8x | -14140.8x | 3.8x |
| Mon, 17 Jun 2024 | CA$370.9b | CA$105.1b | -CA$571,847,219.06 | 16.2x | -648.6x | 3.5x |
| Wed, 15 May 2024 | CA$388.8b | CA$104.3b | -CA$491,269,542.59 | 16.2x | -791.3x | 3.7x |
| Fri, 12 Apr 2024 | CA$376.3b | CA$103.3b | CA$1.5b | 18x | 257.9x | 3.6x |
| Sun, 10 Mar 2024 | CA$321.7b | CA$102.7b | CA$1.2b | 14.8x | 259.7x | 3.1x |
| Tue, 06 Feb 2024 | CA$302.5b | CA$100.5b | CA$3.1b | 12.6x | 96.8x | 3x |
| Thu, 04 Jan 2024 | CA$340.6b | CA$107.0b | CA$1.7b | 13.1x | 197.6x | 3.2x |
| Sat, 02 Dec 2023 | CA$341.8b | CA$107.7b | CA$1.7b | 13.8x | 197.7x | 3.2x |
| Mon, 30 Oct 2023 | CA$347.2b | CA$107.0b | CA$1.4b | 11.9x | 254.5x | 3.2x |
| Wed, 27 Sep 2023 | CA$340.1b | CA$105.1b | CA$1.6b | 10.7x | 212.3x | 3.2x |
| Fri, 25 Aug 2023 | CA$356.1b | CA$104.4b | CA$1.4b | 11.6x | 254.4x | 3.4x |
Price to Earnings Ratio
254.4x
Current Industry PE
- Investors are pessimistic on the Canadian Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 23.4x which is lower than its 3-year average PE of 271x.
- The 3-year average PS ratio of 9.1x is higher than the industry's current PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 208% per year over the last three years.
- Revenues for these companies have grown 18% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | 0.67% | |
| Materials | 0.14% | |
| Metals and Mining | 0.077% | |
| Precious Metals and Minerals | 1.79% | |
| Gold | 0.82% | |
| Steel | 0.81% | |
| Silver | 0.013% | |
| Aluminum | 0% | 0 |
| Diversified Metals and Mining | -1.53% | |
| Copper | -2.29% | |
Industry PE
- Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 136x.
- Analysts are expecting annual earnings growth of 9.1%, which is lower than the prior year's growth of 69.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 48% over the next 5 years.
- However this is lower than its past earnings growth rate of 171% per year.
- In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 9.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ABX Barrick Mining | CA$58.97 | 3.4% +CA$3.2b | 76.0% | PE10.7x | |
| GMIN G Mining Ventures | CA$48.94 | -4.1% CA$2.4b | 161.2% | PE28.5x | |
| WPM Wheaton Precious Metals | CA$189.48 | 2.0% +CA$1.7b | 46.9% | PE30.2x | |
| IMG IAMGOLD | CA$26.46 | 3.2% +CA$473.9m | 132.1% | PE9.4x | |
| AG First Majestic Silver | CA$27.18 | 3.4% +CA$443.6m | 123.9% | PE27.8x |
