Is Kinross Gold (TSE:K) Using Too Much Debt?
May 21
Canadian (TSX) Metals and Mining Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies1233
- 7D4.4%
- 3M38.3%
- 1Y12.4%
- YTD26.3%
In the last week, the Metals and Mining industry is up 4.4%, with Wheaton Precious Metals up 1.8%. In the last 12 months, the industry was up 12%. Earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Thu, 23 May 2024 | CA$411.1b | CA$104.5b | -CA$923,046,919.60 | 18.5x | -445.4x | 3.9x |
| Sat, 20 Apr 2024 | CA$375.0b | CA$103.8b | CA$1.5b | 17.4x | 246.5x | 3.6x |
| Mon, 18 Mar 2024 | CA$334.0b | CA$103.1b | CA$1.4b | 13.4x | 244.9x | 3.2x |
| Wed, 14 Feb 2024 | CA$289.4b | CA$100.7b | CA$3.1b | 12.2x | 93.1x | 2.9x |
| Fri, 12 Jan 2024 | CA$335.9b | CA$107.2b | CA$1.7b | 12.4x | 193.4x | 3.1x |
| Sun, 10 Dec 2023 | CA$335.3b | CA$108.3b | CA$1.8b | 12.8x | 189.2x | 3.1x |
| Tue, 07 Nov 2023 | CA$335.3b | CA$107.6b | CA$1.8b | 13.6x | 184.3x | 3.1x |
| Thu, 05 Oct 2023 | CA$332.3b | CA$106.1b | CA$1.6b | 11.2x | 204.5x | 3.1x |
| Sat, 02 Sep 2023 | CA$366.4b | CA$104.6b | CA$1.7b | 11.3x | 212.7x | 3.5x |
| Mon, 31 Jul 2023 | CA$374.0b | CA$102.0b | CA$1.0b | 13.4x | 371.3x | 3.7x |
| Wed, 28 Jun 2023 | CA$355.9b | CA$103.6b | CA$2.3b | 12.6x | 152.3x | 3.4x |
| Fri, 26 May 2023 | CA$368.0b | CA$106.0b | CA$2.7b | 14.2x | 134.4x | 3.5x |
| Sun, 23 Apr 2023 | CA$395.2b | CA$107.8b | CA$5.2b | 13.7x | 75.7x | 3.7x |
| Tue, 21 Mar 2023 | CA$363.5b | CA$108.6b | CA$7.2b | 13x | 50.7x | 3.3x |
| Thu, 16 Feb 2023 | CA$348.8b | CA$112.5b | CA$9.7b | 12.6x | 35.8x | 3.1x |
| Sat, 14 Jan 2023 | CA$373.7b | CA$113.3b | CA$12.0b | 12.7x | 31.2x | 3.3x |
| Mon, 12 Dec 2022 | CA$342.6b | CA$114.6b | CA$12.2b | 11.2x | 28.2x | 3x |
| Wed, 09 Nov 2022 | CA$306.1b | CA$114.4b | CA$14.1b | 8.7x | 21.8x | 2.7x |
| Fri, 07 Oct 2022 | CA$313.1b | CA$116.1b | CA$16.3b | 9.6x | 19.2x | 2.7x |
| Sun, 04 Sep 2022 | CA$287.7b | CA$112.1b | CA$15.7b | 9.1x | 18.3x | 2.6x |
| Tue, 02 Aug 2022 | CA$296.3b | CA$109.9b | CA$16.1b | 9.3x | 18.4x | 2.7x |
| Thu, 30 Jun 2022 | CA$313.6b | CA$107.0b | CA$14.6b | 10.9x | 21.5x | 2.9x |
| Sat, 28 May 2022 | CA$366.0b | CA$105.8b | CA$14.4b | 11.5x | 25.4x | 3.5x |
| Mon, 25 Apr 2022 | CA$403.2b | CA$100.7b | CA$13.4b | 12x | 30.2x | 4x |
| Wed, 23 Mar 2022 | CA$430.1b | CA$104.4b | CA$14.0b | 11.4x | 30.7x | 4.1x |
| Fri, 18 Feb 2022 | CA$403.8b | CA$102.2b | CA$13.2b | 10.5x | 30.6x | 4x |
| Sun, 16 Jan 2022 | CA$369.5b | CA$100.7b | CA$12.7b | 10.2x | 29.2x | 3.7x |
| Tue, 14 Dec 2021 | CA$358.3b | CA$102.4b | CA$13.1b | 9.5x | 27.4x | 3.5x |
| Thu, 11 Nov 2021 | CA$378.0b | CA$98.0b | CA$12.1b | 11.2x | 31.2x | 3.9x |
| Sat, 09 Oct 2021 | CA$342.4b | CA$95.8b | CA$12.2b | 10x | 28x | 3.6x |
| Mon, 06 Sep 2021 | CA$372.3b | CA$95.2b | CA$12.3b | 11.5x | 30.3x | 3.9x |
| Wed, 04 Aug 2021 | CA$371.3b | CA$95.4b | CA$12.5b | 12x | 29.7x | 3.9x |
Price to Earnings Ratio
39.1x
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 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- Total earnings for the Metals and Mining industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 5.4% per year.
- This means that although more sales are being generated, 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 | 1.18% | |
| Materials | 4.01% | |
| Metals and Mining | 4.43% | |
| Silver | 9.34% | |
| Precious Metals and Minerals | 7.70% | |
| Gold | 4.54% | |
| Copper | 3.60% | |
| Diversified Metals and Mining | 3.42% | |
| Steel | 2.14% | |
| Aluminum | 0% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 7.0x.
- Analysts are expecting annual earnings growth of 31.6%, which is higher than its past year's earnings decline of 2.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 64% over the next 5 years.
- This is better than its past earnings growth rate of 27% per year.
- In contrast, the Precious Metals and Minerals industry is expected to see its earnings decline by 2.7% 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 | |
|---|---|---|---|---|---|
| WPM Wheaton Precious Metals | CA$77.47 | 1.8% +CA$625.7m | 26.8% | PE43.5x | |
| NGD New Gold | CA$2.68 | 6.8% +CA$386.4m | 61.4% | PS2x | |
| PAAS Pan American Silver | CA$29.18 | 3.1% +CA$319.4m | 40.2% | PS3.1x | |
| AGI Alamos Gold | CA$22.62 | 3.1% +CA$266.6m | 33.3% | PE32.3x | |
| ELD Eldorado Gold | CA$21.49 | 5.3% +CA$219.5m | 55.8% | PE25.5x |
