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Canadian (TSX) Metals and Mining Industry Analysis
UpdatedJun 09, 2025
DataAggregated Company Financials
Companies1197
- 7D1.7%
- 3M18.9%
- 1Y33.5%
- YTD27.6%
Over the last 7 days, the Metals and Mining industry has risen 1.7%, and Pan American Silver contributed the most with a gain of 9.4%. During this same period, the Franco-Nevada underperformed, falling 6.2%. In the last 12 months, the industry was up 33%. Looking forward, earnings are forecast to grow by 24% 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 |
|---|---|---|---|---|---|---|
| Tue, 10 Jun 2025 | CA$515.1b | CA$110.6b | CA$8.5b | 15.5x | 60.6x | 4.7x |
| Thu, 08 May 2025 | CA$485.7b | CA$108.3b | CA$7.4b | 14.2x | 65.3x | 4.5x |
| Sat, 05 Apr 2025 | CA$444.6b | CA$106.9b | CA$5.4b | 12.5x | 82.9x | 4.2x |
| Mon, 03 Mar 2025 | CA$426.1b | CA$107.1b | CA$3.5b | 11.6x | 123.3x | 4x |
| Wed, 29 Jan 2025 | CA$406.5b | CA$112.0b | CA$676.2m | 14.1x | 601.2x | 3.6x |
| Fri, 27 Dec 2024 | CA$394.8b | CA$112.1b | CA$517.7m | 12.2x | 762.5x | 3.5x |
| Sun, 24 Nov 2024 | CA$420.8b | CA$109.2b | CA$323.7m | 12.5x | 1300x | 3.9x |
| Tue, 22 Oct 2024 | CA$451.5b | CA$107.1b | -CA$296,563,951.52 | 17.9x | -1522.4x | 4.2x |
| Thu, 19 Sep 2024 | CA$412.4b | CA$106.0b | -CA$630,317,177.28 | 16.2x | -654.2x | 3.9x |
| Sat, 17 Aug 2024 | CA$392.8b | CA$106.3b | -CA$635,441,908.57 | 14.3x | -618.2x | 3.7x |
| Mon, 15 Jul 2024 | CA$413.4b | CA$104.5b | -CA$487,740,656.07 | 14.7x | -847.5x | 4x |
| Wed, 12 Jun 2024 | CA$382.2b | CA$105.2b | -CA$614,982,271.91 | 16.2x | -621.4x | 3.6x |
| Fri, 10 May 2024 | CA$383.7b | CA$104.2b | -CA$479,368,125.52 | 17.6x | -800.5x | 3.7x |
| Sun, 07 Apr 2024 | CA$367.9b | CA$102.7b | CA$1.4b | 17.6x | 259.5x | 3.6x |
| Tue, 05 Mar 2024 | CA$312.7b | CA$102.9b | CA$2.4b | 15x | 127.8x | 3x |
| Thu, 01 Feb 2024 | CA$332.1b | CA$107.5b | CA$1.7b | 12.8x | 191x | 3.1x |
| Sat, 30 Dec 2023 | CA$346.6b | CA$106.3b | CA$1.7b | 14x | 204.5x | 3.3x |
| Mon, 27 Nov 2023 | CA$330.9b | CA$108.5b | CA$1.7b | 11.8x | 194.4x | 3x |
| Wed, 25 Oct 2023 | CA$345.8b | CA$106.1b | CA$1.5b | 10.8x | 228.1x | 3.3x |
| Fri, 22 Sep 2023 | CA$352.7b | CA$104.9b | CA$1.6b | 10.6x | 219.1x | 3.4x |
| Sun, 20 Aug 2023 | CA$346.5b | CA$104.3b | CA$1.4b | 12.1x | 247x | 3.3x |
| Tue, 18 Jul 2023 | CA$374.3b | CA$103.7b | CA$2.4b | 12.1x | 153.1x | 3.6x |
| Thu, 15 Jun 2023 | CA$367.6b | CA$104.3b | CA$2.5b | 13.2x | 149.4x | 3.5x |
| Sat, 13 May 2023 | CA$394.0b | CA$106.0b | CA$3.0b | 15.4x | 129.7x | 3.7x |
| Mon, 10 Apr 2023 | CA$395.3b | CA$107.6b | CA$5.3b | 14.7x | 75.2x | 3.7x |
| Wed, 08 Mar 2023 | CA$345.8b | CA$109.3b | CA$8.1b | 13.8x | 42.7x | 3.2x |
| Fri, 03 Feb 2023 | CA$371.0b | CA$112.8b | CA$11.9b | 13.9x | 31.1x | 3.3x |
| Sun, 01 Jan 2023 | CA$340.8b | CA$114.2b | CA$12.1b | 11.8x | 28.2x | 3x |
| Tue, 29 Nov 2022 | CA$322.0b | CA$113.3b | CA$12.1b | 10.5x | 26.7x | 2.8x |
| Thu, 27 Oct 2022 | CA$299.0b | CA$114.7b | CA$15.6b | 9.2x | 19.1x | 2.6x |
| Sat, 24 Sep 2022 | CA$279.3b | CA$115.1b | CA$16.1b | 9.1x | 17.3x | 2.4x |
| Mon, 22 Aug 2022 | CA$298.7b | CA$111.1b | CA$15.8b | 9.5x | 18.9x | 2.7x |
| Wed, 20 Jul 2022 | CA$278.3b | CA$107.8b | CA$14.5b | 9.2x | 19.2x | 2.6x |
| Fri, 17 Jun 2022 | CA$340.3b | CA$107.3b | CA$14.6b | 12x | 23.2x | 3.2x |
Price to Earnings Ratio
23.2x
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 60.6x which is lower than its 3-year average PE of 282x.
- The 3-year average PS ratio of 7.9x 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 Market | 0.21% | |
| Materials | 1.44% | |
| Metals and Mining | 1.69% | |
| Silver | 12.06% | |
| Precious Metals and Minerals | 8.65% | |
| Copper | 6.26% | |
| Diversified Metals and Mining | 4.71% | |
| Aluminum | 0% | 0 |
| Steel | -0.39% | |
| Gold | -0.56% | |
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 45.8%, which is higher than its past year's earnings decline of 26.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 56% 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 6.5% 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 | |
|---|---|---|---|---|---|
| PAAS Pan American Silver | CA$39.99 | 11.6% +CA$1.5b | 44.9% | PE34x | |
| TECK.B Teck Resources | CA$53.37 | 5.4% +CA$1.4b | -21.6% | PS2.7x | |
| AG First Majestic Silver | CA$11.41 | 21.1% +CA$964.3m | 30.4% | PS5.8x | |
| LUN Lundin Mining | CA$14.37 | 7.8% +CA$890.1m | -6.7% | PE81x | |
| FM First Quantum Minerals | CA$21.51 | 3.1% +CA$529.9m | 26.0% | PE94.3x |