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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedMay 14, 2026
DataAggregated Company Financials
Companies1171
  • 7D7.3%
  • 3M4.1%
  • 1Y117.4%
  • YTD16.3%

Over the last 7 days, the Metals and Mining industry has risen 7.3%, driven by gains from Barrick Mining of 8.4%. In the same time, Almonty Industries was down 8.2%. This means that the industry has gained 117% over the past year. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 May 2026CA$1.0tCA$153.7bCA$34.3b18.3x29.6x6.6x
Sat, 11 Apr 2026CA$985.3bCA$138.8bCA$27.2b18.4x36.2x7.1x
Mon, 09 Mar 2026CA$1.0tCA$135.9bCA$25.0b18.6x40.6x7.5x
Wed, 04 Feb 2026CA$963.5bCA$125.2bCA$17.4b25.1x55.4x7.7x
Fri, 02 Jan 2026CA$874.9bCA$125.4bCA$17.5b22.5x50.1x7x
Sun, 30 Nov 2025CA$826.5bCA$126.8bCA$18.4b21.2x44.8x6.5x
Tue, 28 Oct 2025CA$717.2bCA$118.2bCA$13.3b21.2x53.8x6.1x
Thu, 25 Sep 2025CA$712.0bCA$118.1bCA$12.0b20.7x59.1x6x
Sat, 23 Aug 2025CA$581.8bCA$118.2bCA$12.1b17.2x48x4.9x
Mon, 21 Jul 2025CA$518.2bCA$109.9bCA$8.2b16.2x63.1x4.7x
Wed, 18 Jun 2025CA$522.6bCA$110.3bCA$8.3b15.8x63.2x4.7x
Fri, 16 May 2025CA$414.9bCA$93.7bCA$5.5b13x76x4.4x
Sun, 13 Apr 2025CA$463.3bCA$104.7bCA$5.1b13.5x90.1x4.4x
Tue, 11 Mar 2025CA$436.5bCA$107.6bCA$5.2b11.3x84.2x4.1x
Thu, 06 Feb 2025CA$427.9bCA$111.5bCA$647.3m13.2x661.1x3.8x
Sat, 04 Jan 2025CA$403.8bCA$112.3bCA$521.4m13.4x774.5x3.6x
Mon, 02 Dec 2024CA$414.1bCA$109.5bCA$314.6m13.5x1316.2x3.8x
Wed, 30 Oct 2024CA$444.7bCA$107.6b-CA$838,101,833.5117.9x-530.6x4.1x
Fri, 27 Sep 2024CA$427.5bCA$104.7b-CA$439,632,022.3918x-972.5x4.1x
Sun, 25 Aug 2024CA$410.3bCA$105.3b-CA$589,764,066.8015.7x-695.6x3.9x
Tue, 23 Jul 2024CA$397.5bCA$104.7b-CA$23,225,727.8116.2x-17113.9x3.8x
Thu, 20 Jun 2024CA$372.5bCA$105.0b-CA$558,887,044.9215.7x-666.5x3.5x
Sat, 18 May 2024CA$396.9bCA$104.6b-CA$783,100,515.4218x-506.8x3.8x
Mon, 15 Apr 2024CA$375.2bCA$103.9bCA$1.5b18.3x248.5x3.6x
Wed, 13 Mar 2024CA$322.5bCA$102.6bCA$1.3b14.5x255.3x3.1x
Fri, 09 Feb 2024CA$302.1bCA$100.0bCA$3.1b12.4x98.2x3x
Sun, 07 Jan 2024CA$340.5bCA$107.0bCA$1.7b13.3x197.1x3.2x
Tue, 05 Dec 2023CA$346.9bCA$108.0bCA$1.8b13.3x198.2x3.2x
Thu, 02 Nov 2023CA$325.9bCA$107.3bCA$1.5b12x213x3x
Sat, 30 Sep 2023CA$338.0bCA$105.5bCA$1.6b11.1x214.7x3.2x
Mon, 28 Aug 2023CA$354.4bCA$104.6bCA$1.4b11.1x245.5x3.4x
Wed, 26 Jul 2023CA$377.9bCA$103.6bCA$2.4b12.7x155.7x3.6x
Fri, 23 Jun 2023CA$357.4bCA$103.4bCA$2.4b12.5x150.8x3.5x
Sun, 21 May 2023CA$381.7bCA$105.5bCA$2.7b14.5x139.8x3.6x
Price to Earnings Ratio

139.8x


Total Market Cap: CA$381.7bTotal Earnings: CA$2.7bTotal Revenue: CA$105.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 286.4x202420252026
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 29.6x which is lower than its 3-year average PE of 286x.
  • The 3-year average PS ratio of 8.9x is higher than the industry's current PS ratio of 6.6x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 133% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market0.64%
Materials6.52%
Metals and Mining7.35%
Silver15.77%
Copper13.96%
Precious Metals and Minerals8.99%
Diversified Metals and Mining6.87%
Gold6.12%
Aluminum0%0
Steel-1.22%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 110x.
    • Analysts are expecting annual earnings growth of 13.2%, 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 55% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
ABX Barrick MiningCA$61.508.4%
+CA$8.0b		149.7%PE12.3x
WPM Wheaton Precious MetalsCA$194.836.2%
+CA$5.2b		82.3%PE35.9x
LUN Lundin MiningCA$42.0215.6%
+CA$4.9b		229.6%PE22x
PAAS Pan American SilverCA$87.2012.8%
+CA$4.2b		176.1%PE21.2x
TECK.B Teck ResourcesCA$91.638.4%
+CA$3.5b		76.7%PE24.2x

Latest News

PAAS
CA$87.20
Pan American Silver
7D
12.8%
1Y
176.1%
ABX
CA$61.50
Barrick Mining
7D
8.4%
1Y
149.7%
Analysis Article • 4h

Barrick Mining Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

A week ago, Barrick Mining Corporation ( TSE:ABX ) came out with a strong set of first-quarter numbers that could...
FNV
CA$329.87
Franco-Nevada
7D
3.1%
1Y
52.0%
TECK.B
CA$91.63
Teck Resources
7D
8.4%
1Y
76.7%
GQC
CA$0.54
Goldquest Mining
7D
-23.9%
1Y
3.8%
AII
CA$26.74
Almonty Industries
7D
-8.2%
1Y
658.6%
FM
CA$37.22
First Quantum Minerals
7D
11.9%
1Y
84.3%
LAR
CA$14.82
Lithium Argentina
7D
-4.8%
1Y
421.8%
LUN
CA$42.02
Lundin Mining
7D
15.6%
1Y
229.6%
WPM
CA$194.83
Wheaton Precious Metals
7D
6.2%
1Y
82.3%
HBM
CA$38.07
Hudbay Minerals
7D
16.1%
1Y
220.7%
S
CA$0.14
Sherritt International
7D
-42.0%
1Y
7.4%
AAUC
CA$40.33
Allied Gold
7D
-1.3%
1Y
157.5%
LAC
CA$7.48
Lithium Americas
7D
-8.6%
1Y
73.1%
PGDC
CA$0.84
Patagonia Gold
7D
-15.2%
1Y
1,192.3%
CAMB
CA$1.16
Cambria Gold Mines
7D
-12.1%
1Y
-74.2%