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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedJul 09, 2025
DataAggregated Company Financials
Companies1192
  • 7D-0.8%
  • 3M16.9%
  • 1Y30.5%
  • YTD27.1%

Over the last 7 days, the Metals and Mining industry has dropped 1.2%, driven by a pullback from Teck Resources of 7.2%. Meanwhile, Northern Dynasty Minerals actually outperformed within the industry, gaining 45% in the last week. In the past year, the industry has gained 27%. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 10 Jul 2025CA$517.4bCA$109.6bCA$8.2b17.4x63.2x4.7x
Sat, 07 Jun 2025CA$522.4bCA$110.6bCA$8.5b15.5x61.7x4.7x
Mon, 05 May 2025CA$461.2bCA$106.6bCA$6.4b12.6x71.7x4.3x
Wed, 02 Apr 2025CA$462.8bCA$107.6bCA$5.3b13.9x86.9x4.3x
Fri, 28 Feb 2025CA$434.8bCA$106.9bCA$3.4b11.6x126.2x4.1x
Sun, 26 Jan 2025CA$415.3bCA$111.7bCA$678.1m14.7x612.5x3.7x
Tue, 24 Dec 2024CA$391.0bCA$111.8bCA$507.2m12.5x771x3.5x
Thu, 21 Nov 2024CA$414.0bCA$109.3bCA$350.7m13.5x1180.7x3.8x
Sat, 19 Oct 2024CA$435.7bCA$106.9b-CA$299,486,421.0218.2x-1455x4.1x
Mon, 16 Sep 2024CA$413.5bCA$105.8b-CA$668,043,580.9416x-619x3.9x
Wed, 14 Aug 2024CA$385.2bCA$106.2b-CA$588,736,207.6515.2x-654.2x3.6x
Fri, 12 Jul 2024CA$401.1bCA$104.5b-CA$548,369,054.4414.7x-731.4x3.8x
Sun, 09 Jun 2024CA$377.3bCA$105.2b-CA$596,505,222.3415.8x-632.5x3.6x
Tue, 07 May 2024CA$381.9bCA$103.6bCA$30.0m18.2x12727.9x3.7x
Thu, 04 Apr 2024CA$355.2bCA$102.4bCA$1.4b17.1x252.1x3.5x
Sat, 02 Mar 2024CA$297.5bCA$102.9bCA$2.4b14.2x122.9x2.9x
Mon, 29 Jan 2024CA$331.3bCA$107.5bCA$1.7b12.7x193.2x3.1x
Wed, 27 Dec 2023CA$349.2bCA$106.4bCA$1.7b13.8x205.2x3.3x
Fri, 24 Nov 2023CA$331.3bCA$108.9bCA$1.7b11.6x192.1x3x
Sun, 22 Oct 2023CA$349.1bCA$106.2bCA$1.5b11x229.4x3.3x
Tue, 19 Sep 2023CA$365.2bCA$104.1bCA$1.7b11.3x218.9x3.5x
Thu, 17 Aug 2023CA$347.9bCA$104.2bCA$1.4b11.3x242.5x3.3x
Sat, 15 Jul 2023CA$374.3bCA$103.8bCA$2.5b11.8x152.4x3.6x
Mon, 12 Jun 2023CA$366.5bCA$104.4bCA$2.5b13.2x146.9x3.5x
Wed, 10 May 2023CA$408.5bCA$104.5bCA$3.3b16.9x122.1x3.9x
Fri, 07 Apr 2023CA$391.0bCA$107.4bCA$5.2b13.9x75.8x3.6x
Sun, 05 Mar 2023CA$360.7bCA$108.4bCA$8.1b13.7x44.6x3.3x
Tue, 31 Jan 2023CA$371.1bCA$113.3bCA$12.0b12.6x30.9x3.3x
Thu, 29 Dec 2022CA$340.3bCA$114.6bCA$12.1b11.5x28.1x3x
Sat, 26 Nov 2022CA$330.4bCA$112.8bCA$12.0b10.6x27.5x2.9x
Mon, 24 Oct 2022CA$301.6bCA$116.1bCA$16.3b8.7x18.5x2.6x
Wed, 21 Sep 2022CA$294.5bCA$113.7bCA$15.9b9.4x18.5x2.6x
Fri, 19 Aug 2022CA$304.6bCA$110.6bCA$15.7b10.3x19.3x2.8x
Sun, 17 Jul 2022CA$278.3bCA$107.8bCA$14.5b9.2x19.2x2.6x
Price to Earnings Ratio

19.2x


Total Market Cap: CA$278.3bTotal Earnings: CA$14.5bTotal Revenue: CA$107.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 282.7x202320242025
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 63.2x which is lower than its 3-year average PE of 283x.
  • The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 17% 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 Market0.41%
Materials-0.13%
Metals and Mining-0.77%
Precious Metals and Minerals1.71%
Diversified Metals and Mining1.54%
Copper1.00%
Silver0.23%
Aluminum0%0
Gold-1.59%
Steel-1.95%
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 56.8%, which is higher than its past year's earnings decline of 26.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Steel industry is expected to see its earnings grow by 6.8% 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
NDM Northern Dynasty MineralsCA$2.8444.9%
+CA$474.1m		524.2%PB26.9x
AII Almonty IndustriesCA$8.1525.5%
+CA$363.5m		776.3%PS54.2x
MARI Marimaca CopperCA$10.3542.4%
+CA$328.0m		178.2%PB7.5x
OR OR RoyaltiesCA$36.444.8%
+CA$314.9m		66.8%PE162.4x
OLA Orla MiningCA$14.626.9%
+CA$305.6m		174.8%PE2087.1x

Latest News

ERO
CA$19.51
Ero Copper
7D
-17.7%
1Y
-37.2%
IMG
CA$9.48
IAMGOLD
7D
-6.3%
1Y
66.3%
TECK.B
CA$52.61
Teck Resources
7D
-7.2%
1Y
-22.2%
EQX
CA$8.22
Equinox Gold
7D
3.7%
1Y
1.9%
CS
CA$8.08
Capstone Copper
7D
-9.0%
1Y
-22.0%
NGEX
CA$16.87
NGEx Minerals
7D
5.7%
1Y
104.5%
AII
CA$8.15
Almonty Industries
7D
25.5%
1Y
776.3%
OR
CA$36.44
OR Royalties
7D
4.8%
1Y
66.8%
SSL
CA$13.51
Sandstorm Gold
7D
5.5%
1Y
74.5%
ABX
CA$28.59
Barrick Mining
7D
-0.8%
1Y
17.9%
MARI
CA$10.35
Marimaca Copper
7D
42.4%
1Y
178.2%
FNV
CA$217.89
Franco-Nevada
7D
-2.5%
1Y
27.3%

Calculating The Fair Value Of Franco-Nevada Corporation (TSE:FNV)

Jul 03
Calculating The Fair Value Of Franco-Nevada Corporation (TSE:FNV)
FM
CA$23.58
First Quantum Minerals
7D
-6.0%
1Y
28.8%
OLA
CA$14.62
Orla Mining
7D
6.9%
1Y
174.8%
LUN
CA$14.11
Lundin Mining
7D
-6.3%
1Y
-12.0%
NDM
CA$2.84
Northern Dynasty Minerals
7D
44.9%
1Y
524.2%