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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedAug 05, 2025
DataAggregated Company Financials
Companies1180
  • 7D-1.3%
  • 3M5.0%
  • 1Y33.3%
  • YTD26.6%

Over the last 7 days, the Metals and Mining industry has dropped 1.3%, driven by declines in First Quantum Minerals and Teck Resources of 5.5% and 4.2%, respectively. Over the past 12 months, the industry was up 33%. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 Aug 2025CA$517.7bCA$112.8bCA$10.0b18.9x51.8x4.6x
Thu, 03 Jul 2025CA$520.7bCA$109.0bCA$8.1b16.7x64.3x4.8x
Sat, 31 May 2025CA$489.8bCA$110.7bCA$8.6b14.8x56.9x4.4x
Mon, 28 Apr 2025CA$472.9bCA$105.6bCA$5.9b13.4x79.8x4.5x
Wed, 26 Mar 2025CA$468.6bCA$106.9bCA$5.4b14.6x87.5x4.4x
Fri, 21 Feb 2025CA$436.2bCA$104.3bCA$2.8b12.2x154.5x4.2x
Sun, 19 Jan 2025CA$407.8bCA$112.5bCA$709.1m13.6x575.1x3.6x
Tue, 17 Dec 2024CA$406.8bCA$111.1bCA$459.0m13.2x886.3x3.7x
Thu, 14 Nov 2024CA$398.7bCA$109.0bCA$380.9m13x1046.7x3.7x
Sat, 12 Oct 2024CA$427.9bCA$106.5b-CA$400,466,555.6917.8x-1068.4x4x
Mon, 09 Sep 2024CA$372.6bCA$105.6b-CA$695,038,323.7514.9x-536.1x3.5x
Wed, 07 Aug 2024CA$384.0bCA$105.2b-CA$385,120,576.6413.7x-997.2x3.7x
Fri, 05 Jul 2024CA$389.4bCA$104.4b-CA$549,747,250.1915.5x-708.4x3.7x
Sun, 02 Jun 2024CA$396.2bCA$104.4b-CA$873,069,100.0717x-453.8x3.8x
Tue, 30 Apr 2024CA$384.4bCA$102.8bCA$381.1m17.2x1008.5x3.7x
Thu, 28 Mar 2024CA$338.3bCA$102.9bCA$2.0b14x172.2x3.3x
Sat, 24 Feb 2024CA$296.2bCA$101.7bCA$2.9b14.3x102x2.9x
Mon, 22 Jan 2024CA$325.3bCA$107.4bCA$1.7b12.5x186.8x3x
Wed, 20 Dec 2023CA$522.2tCA$106.8bCA$1.7b13.4x304547.2x4887.4x
Fri, 17 Nov 2023CA$327.8bCA$109.2bCA$1.7b12.4x191.8x3x
Sun, 15 Oct 2023CA$344.8bCA$105.9bCA$1.6b11.6x220x3.3x
Tue, 12 Sep 2023CA$357.7bCA$104.5bCA$1.7b11x206.4x3.4x
Thu, 10 Aug 2023CA$364.7bCA$103.6bCA$805.8m11.5x452.6x3.5x
Sat, 08 Jul 2023CA$356.2bCA$104.1bCA$2.5b12.2x144.2x3.4x
Mon, 05 Jun 2023CA$371.9bCA$104.8bCA$2.6b13.4x144.5x3.5x
Wed, 03 May 2023CA$404.2bCA$106.9bCA$4.5b15x90.1x3.8x
Fri, 31 Mar 2023CA$376.0bCA$107.7bCA$5.2b14.5x71.7x3.5x
Sun, 26 Feb 2023CA$334.9bCA$108.9bCA$8.4b13.6x40.1x3.1x
Tue, 24 Jan 2023CA$373.5bCA$113.2bCA$12.0b12.7x31.1x3.3x
Thu, 22 Dec 2022CA$342.0bCA$114.6bCA$12.1b11.8x28.3x3x
Sat, 19 Nov 2022CA$319.0bCA$112.8bCA$12.1b10.3x26.4x2.8x
Mon, 17 Oct 2022CA$289.5bCA$117.0bCA$16.5b8.6x17.6x2.5x
Wed, 14 Sep 2022CA$307.1bCA$111.4bCA$15.6b9.7x19.6x2.8x
Fri, 12 Aug 2022CA$304.6bCA$107.9bCA$15.1b10.4x20.1x2.8x
Price to Earnings Ratio

20.1x


Total Market Cap: CA$304.6bTotal Earnings: CA$15.1bTotal Revenue: CA$107.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 283.7x202320242025
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 51.8x which is lower than its 3-year average PE of 284x.
  • The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 13% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Canadian Materials industry?

CA Market-1.35%
Materials-1.31%
Metals and Mining-1.31%
Aluminum0%0
Gold-0.033%
Precious Metals and Minerals-2.76%
Steel-3.53%
Copper-3.54%
Diversified Metals and Mining-4.45%
Silver-5.47%
Industry PE
  • Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 36.4%, which is higher than its past year's earnings growth of 17.0% 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 383% per year.
  • In contrast, the Steel industry is expected to see its earnings grow by 7.1% 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
K Kinross GoldCA$25.0313.5%
+CA$3.4b
111.8%PE14.5x
WPM Wheaton Precious MetalsCA$135.035.0%
+CA$2.9b
78.4%PE71.8x
ABX Barrick MiningCA$31.064.9%
+CA$2.5b
29.6%PE16.7x
FNV Franco-NevadaCA$235.645.4%
+CA$2.3b
42.1%PE53.4x
LUG Lundin GoldCA$69.125.5%
+CA$863.7m
208.3%PE22.5x

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