Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Metals and Mining Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies1172
  • 7D6.5%
  • 3M-14.6%
  • 1Y95.1%
  • YTD11.1%

Over the last 7 days, the Metals and Mining industry has risen 6.5%, and Wheaton Precious Metals contributed the most with a gain of 6.1%. This means that the industry has gained 95% over the past year. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the Canadian Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026CA$974.0bCA$157.2bCA$35.1b16.5x27.7x6.2x
Tue, 28 Apr 2026CA$960.4bCA$138.0bCA$27.1b18.3x35.4x7x
Thu, 26 Mar 2026CA$855.1bCA$138.1bCA$26.0b16.4x32.9x6.2x
Sat, 21 Feb 2026CA$1.0tCA$134.3bCA$23.2b22.7x44.7x7.7x
Mon, 19 Jan 2026CA$987.5bCA$126.9bCA$17.7b24.6x55.7x7.8x
Wed, 17 Dec 2025CA$847.7bCA$125.7bCA$17.5b21.2x48.5x6.7x
Fri, 14 Nov 2025CA$774.0bCA$125.8bCA$18.2b20.5x42.5x6.2x
Sun, 12 Oct 2025CA$747.4bCA$117.9bCA$12.3b24x60.9x6.3x
Tue, 09 Sep 2025CA$648.8bCA$118.1bCA$12.0b20x54.1x5.5x
Thu, 07 Aug 2025CA$546.1bCA$112.5bCA$10.1b18.8x54.1x4.9x
Sat, 05 Jul 2025CA$528.6bCA$109.1bCA$8.1b16.8x65.3x4.8x
Mon, 02 Jun 2025CA$488.9bCA$110.8bCA$8.6b14.8x56.7x4.4x
Wed, 30 Apr 2025CA$473.0bCA$105.4bCA$5.9b13.3x80.6x4.5x
Fri, 28 Mar 2025CA$464.2bCA$107.2bCA$5.1b14.6x90.8x4.3x
Sun, 23 Feb 2025CA$426.8bCA$105.3bCA$3.1b12.2x138.6x4.1x
Tue, 21 Jan 2025CA$407.8bCA$111.5bCA$676.3m13.6x603x3.7x
Thu, 19 Dec 2024CA$401.0bCA$112.2bCA$489.5m13.1x819.2x3.6x
Sat, 16 Nov 2024CA$396.3bCA$109.7bCA$404.5m13x979.6x3.6x
Mon, 14 Oct 2024CA$430.7bCA$106.5b-CA$379,954,524.1617.8x-1133.6x4x
Wed, 11 Sep 2024CA$377.1bCA$105.9b-CA$691,127,774.8615.2x-545.6x3.6x
Fri, 09 Aug 2024CA$359.1bCA$105.3b-CA$189,382,488.3814.3x-1896.4x3.4x
Sun, 07 Jul 2024CA$394.0bCA$104.5b-CA$548,683,440.1715.7x-718x3.8x
Tue, 04 Jun 2024CA$396.2bCA$104.5b-CA$855,183,192.1617x-463.3x3.8x
Thu, 02 May 2024CA$373.1bCA$103.4b-CA$70,872,264.3517x-5264.4x3.6x
Sat, 30 Mar 2024CA$345.9bCA$102.4bCA$1.8b13.9x188x3.4x
Mon, 26 Feb 2024CA$296.2bCA$102.1bCA$3.0b13.9x99.3x2.9x
Wed, 24 Jan 2024CA$324.1bCA$107.6bCA$1.8b13.3x185x3x
Fri, 22 Dec 2023CA$343.1bCA$106.5bCA$1.7b13.7x201.3x3.2x
Sun, 19 Nov 2023CA$327.8bCA$109.0bCA$1.7b12.3x192.5x3x
Tue, 17 Oct 2023CA$346.8bCA$105.6bCA$1.5b11.4x223.8x3.3x
Thu, 14 Sep 2023CA$355.2bCA$104.3bCA$1.7b11.2x205.5x3.4x
Sat, 12 Aug 2023CA$366.8bCA$104.0bCA$1.4b11x257.6x3.5x
Mon, 10 Jul 2023CA$356.2bCA$104.1bCA$2.5b12.2x144.2x3.4x
Wed, 07 Jun 2023CA$371.9bCA$104.7bCA$2.6b13.2x144.7x3.6x
Price to Earnings Ratio

144.7x


Total Market Cap: CA$371.9bTotal Earnings: CA$2.6bTotal Revenue: CA$104.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 284.7x202420252026
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 27.7x which is lower than its 3-year average PE of 285x.
  • The 3-year average PS ratio of 9.0x is higher than the industry's current PS ratio of 6.2x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 139% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market0.44%
Materials5.88%
Metals and Mining6.54%
Copper11.80%
Silver7.63%
Diversified Metals and Mining6.90%
Gold5.62%
Steel5.56%
Precious Metals and Minerals5.54%
Aluminum0%0
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 116x.
    • Analysts are expecting annual earnings growth of 12.6%, 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 49% over the next 5 years.
  • However this is lower than its past earnings growth rate of 147% per year.
  • In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
WPM Wheaton Precious MetalsCA$185.366.1%
+CA$4.8b		55.9%PE33.9x
FM First Quantum MineralsCA$42.4415.5%
+CA$4.7b		108.8%PS4.7x
ABX Barrick MiningCA$58.904.8%
+CA$4.5b		123.8%PE11.7x
K Kinross GoldCA$41.887.2%
+CA$3.4b		106.7%PE12.7x
LUN Lundin MiningCA$41.188.8%
+CA$2.8b		217.0%PE21.5x

Latest News

TECK.B
CA$91.43
Teck Resources
7D
5.6%
1Y
79.8%
ABX
CA$58.90
Barrick Mining
7D
4.8%
1Y
123.8%
AAUC
CA$34.90
Allied Gold
7D
-7.7%
1Y
77.5%
FM
CA$42.44
First Quantum Minerals
7D
15.5%
1Y
108.8%
HBM
CA$40.31
Hudbay Minerals
7D
19.7%
1Y
229.6%
PNPN
CA$1.26
Power Metallic Mines
7D
-16.6%
1Y
15.6%
LUN
CA$41.18
Lundin Mining
7D
8.8%
1Y
217.0%
K
CA$41.88
Kinross Gold
7D
7.2%
1Y
106.7%
PAAS
CA$78.73
Pan American Silver
7D
5.7%
1Y
135.2%
WPM
CA$185.36
Wheaton Precious Metals
7D
6.1%
1Y
55.9%
AFM
CA$1.34
Alphamin Resources
7D
-2.9%
1Y
48.1%
CGG
CA$26.90
China Gold International Resources
7D
-3.4%
1Y
156.9%
LUC
CA$0.19
Lucara Diamond
7D
-15.6%
1Y
-22.4%
New Narrative • May 13

Underground Project And Large High Value Diamonds Will Support Long Term Upside Potential

Catalysts About Lucara Diamond Lucara Diamond is a diamond mining company focused on producing large, high value stones from its Karowe mine and advancing its Underground Project. What are the underlying business or industry changes driving this perspective?
ATX
CA$2.83
ATEX Resources
7D
-4.7%
1Y
23.0%
MKA
CA$0.87
Mkango Resources
7D
-10.3%
1Y
190.0%
BZ
CA$1.76
Benz Mining
7D
-7.9%
1Y
357.1%