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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedMay 05, 2025
DataAggregated Company Financials
Companies1203
  • 7D-2.5%
  • 3M7.9%
  • 1Y20.7%
  • YTD14.7%

Over the last 7 days, the Metals and Mining industry has dropped 2.5%, driven by declines in Alamos Gold and Barrick Gold of 13% and 4.7%, respectively. In contrast, Ivanhoe Mines has gained 9.5%. In the past year, the industry has gained 21%. 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
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
Tue, 14 Jun 2022CA$348.1bCA$106.9bCA$14.6b12.1x23.9x3.3x
Thu, 12 May 2022CA$355.1bCA$106.3bCA$14.5b10.4x24.5x3.3x
Price to Earnings Ratio

24.5x


Total Market Cap: CA$355.1bTotal Earnings: CA$14.5bTotal Revenue: CA$106.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 280.3x202320242025
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 71.7x which is lower than its 3-year average PE of 280x.
  • The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 24% 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 Market1.15%
Materials-1.90%
Metals and Mining-2.45%
Steel2.11%
Diversified Metals and Mining0.58%
Aluminum0%0
Copper-0.73%
Gold-3.01%
Precious Metals and Minerals-3.02%
Silver-7.01%
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 50.4%, which is higher than its past year's earnings decline of 96.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 53% over the next 5 years.
  • In contrast, the Steel industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
IVN Ivanhoe MinesCA$14.269.5%
+CA$1.9b		-27.2%PE33x
NGD New GoldCA$5.3013.5%
+CA$498.9m		107.8%PE23.5x
ARTG Artemis GoldCA$21.196.3%
+CA$282.0m		130.3%PB8.1x
EDV Endeavour MiningCA$39.042.9%
+CA$268.4m		34.6%PS2.1x
FM First Quantum MineralsCA$18.791.1%
+CA$173.9m		2.3%PE81.7x
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EDV

CA$39.04

Endeavour Mining

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2.9%

1Y

34.6%

ARTG

CA$21.19

Artemis Gold

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1Y

130.3%

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NGD

CA$5.30

New Gold

7D

13.5%

1Y

107.8%

GOT

CA$2.09

Goliath Resources

7D

22.9%

1Y

148.8%

FM

CA$18.79

First Quantum Minerals

7D

1.1%

1Y

2.3%

TFPM

CA$28.88

Triple Flag Precious Metals

7D

1.6%

1Y

30.1%

ABX

CA$25.42

Barrick Gold

7D

-4.7%

1Y

11.5%

WPM

CA$111.68

Wheaton Precious Metals

7D

-1.5%

1Y

52.0%

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PAAS

CA$32.47

Pan American Silver

7D

-8.5%

1Y

25.9%

GLO

CA$0.87

Global Atomic

7D

27.9%

1Y

-61.2%

K

CA$19.43

Kinross Gold

7D

-4.8%

1Y

110.7%

IVN

CA$14.26

Ivanhoe Mines

7D

9.5%

1Y

-27.2%