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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedJul 17, 2025
DataAggregated Company Financials
Companies1195
  • 7D0.2%
  • 3M8.5%
  • 1Y26.1%
  • YTD28.1%

The Metals and Mining industry has been flat over the last week, but Lundin Gold has lost 8.8%. The past year has been better, since the industry has gained 26% in that time. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 18 Jul 2025CA$526.6bCA$109.6bCA$8.2b16.3x64.3x4.8x
Sun, 15 Jun 2025CA$522.8bCA$109.9bCA$8.2b16x63.6x4.8x
Tue, 13 May 2025CA$490.0bCA$111.6bCA$8.6b13.4x57.2x4.4x
Thu, 10 Apr 2025CA$404.7bCA$106.1bCA$5.3b12.3x76.9x3.8x
Sat, 08 Mar 2025CA$434.6bCA$107.1bCA$4.4b11.8x97.9x4.1x
Mon, 03 Feb 2025CA$420.6bCA$112.9bCA$692.3m13.1x607.5x3.7x
Wed, 01 Jan 2025CA$386.6bCA$111.9bCA$491.9m13x786x3.5x
Fri, 29 Nov 2024CA$412.0bCA$109.6bCA$367.7m13x1120.6x3.8x
Sun, 27 Oct 2024CA$447.2bCA$107.4b-CA$846,804,717.4817.4x-528.1x4.2x
Tue, 24 Sep 2024CA$419.4bCA$105.6b-CA$629,794,981.2516.2x-666x4x
Thu, 22 Aug 2024CA$409.2bCA$105.8b-CA$657,117,674.6015.5x-622.7x3.9x
Sat, 20 Jul 2024CA$398.4bCA$104.6b-CA$28,176,625.2215.8x-14140.8x3.8x
Mon, 17 Jun 2024CA$370.9bCA$105.1b-CA$571,847,219.0616.2x-648.6x3.5x
Wed, 15 May 2024CA$388.8bCA$104.3b-CA$491,269,542.5916.2x-791.3x3.7x
Fri, 12 Apr 2024CA$376.3bCA$103.3bCA$1.5b18x257.9x3.6x
Sun, 10 Mar 2024CA$321.7bCA$102.7bCA$1.2b14.8x259.7x3.1x
Tue, 06 Feb 2024CA$302.5bCA$100.5bCA$3.1b12.6x96.8x3x
Thu, 04 Jan 2024CA$340.6bCA$107.0bCA$1.7b13.1x197.6x3.2x
Sat, 02 Dec 2023CA$341.8bCA$107.7bCA$1.7b13.8x197.7x3.2x
Mon, 30 Oct 2023CA$347.2bCA$107.0bCA$1.4b11.9x254.5x3.2x
Wed, 27 Sep 2023CA$340.1bCA$105.1bCA$1.6b10.7x212.3x3.2x
Fri, 25 Aug 2023CA$356.1bCA$104.4bCA$1.4b11.6x254.4x3.4x
Sun, 23 Jul 2023CA$372.5bCA$103.8bCA$2.4b12.7x152.8x3.6x
Tue, 20 Jun 2023CA$366.4bCA$103.7bCA$2.4b12.3x153.6x3.5x
Thu, 18 May 2023CA$386.0bCA$105.3bCA$2.8b14.1x140x3.7x
Sat, 15 Apr 2023CA$405.2bCA$106.8bCA$5.1b14.3x78.7x3.8x
Mon, 13 Mar 2023CA$339.3bCA$109.4bCA$7.7b13.3x43.8x3.1x
Wed, 08 Feb 2023CA$360.6bCA$113.5bCA$12.0b13.7x30.1x3.2x
Fri, 06 Jan 2023CA$353.9bCA$114.4bCA$12.1b12.1x29.2x3.1x
Sun, 04 Dec 2022CA$349.0bCA$113.6bCA$12.1b11.7x28.9x3.1x
Tue, 01 Nov 2022CA$294.1bCA$116.2bCA$14.4b8x20.4x2.5x
Thu, 29 Sep 2022CA$289.5bCA$115.9bCA$16.2b9.3x17.8x2.5x
Sat, 27 Aug 2022CA$302.2bCA$111.1bCA$15.8b9.4x19.1x2.7x
Mon, 25 Jul 2022CA$279.1bCA$106.8bCA$14.4b9.3x19.4x2.6x
Price to Earnings Ratio

19.4x


Total Market Cap: CA$279.1bTotal Earnings: CA$14.4bTotal Revenue: CA$106.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 283.5x202320242025
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 64.3x 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 4.8x.
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 Market0.65%
Materials-0.27%
Metals and Mining0.22%
Silver5.14%
Precious Metals and Minerals4.63%
Steel2.16%
Gold0.33%
Diversified Metals and Mining0.019%
Aluminum0%0
Copper-3.01%
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 56.5%, 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 5.0% 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$123.851.9%
+CA$1.0b		47.5%PE66.4x
ABX Barrick MiningCA$29.031.5%
+CA$756.6m		12.3%PE15.7x
OLA Orla MiningCA$16.1410.4%
+CA$494.2m		185.2%PE2304.5x
PPTA Perpetua ResourcesCA$21.1318.2%
+CA$416.2m		134.8%PB16.2x
ARTG Artemis GoldCA$26.116.6%
+CA$370.9m		130.5%PS146.5x

Latest News

NDM
CA$2.23
Northern Dynasty Minerals
7D
-24.7%
1Y
350.5%
LAC
CA$4.56
Lithium Americas
7D
17.5%
1Y
16.0%
K
CA$21.19
Kinross Gold
7D
1.1%
1Y
73.4%
HBM
CA$13.47
Hudbay Minerals
7D
-8.6%
1Y
22.0%
FNV
CA$212.51
Franco-Nevada
7D
-2.2%
1Y
22.8%
OLA
CA$15.67
Orla Mining
7D
7.3%
1Y
189.1%
LUG
CA$64.18
Lundin Gold
7D
-7.7%
1Y
169.3%
TECK.B
CA$52.32
Teck Resources
7D
-1.3%
1Y
-17.0%
EQX
CA$8.60
Equinox Gold
7D
2.9%
1Y
11.8%
NGD
CA$5.97
New Gold
7D
-7.0%
1Y
90.7%
SGD
CA$9.50
Snowline Gold
7D
18.3%
1Y
75.3%
VZLA
CA$4.53
Vizsla Silver
7D
11.3%
1Y
72.2%
NG
CA$7.50
NovaGold Resources
7D
15.9%
1Y
26.5%
LUN
CA$13.69
Lundin Mining
7D
-3.9%
1Y
-2.8%
PPTA
CA$21.80
Perpetua Resources
7D
9.5%
1Y
136.2%
PAAS
CA$39.05
Pan American Silver
7D
-2.5%
1Y
24.2%