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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies1180
  • 7D-10.8%
  • 3M-13.8%
  • 1Y65.7%
  • YTD-0.7%

Over the last 7 days, the Metals and Mining industry has dropped 11%, driven by Wheaton Precious Metals declining 13%. On the other hand Tintina Mines is actually up 205%. In the past year, the industry has gained 66%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026CA$957.5bCA$158.8bCA$35.5b14.7x27x6x
Mon, 04 May 2026CA$896.5bCA$140.6bCA$28.2b16.4x31.8x6.4x
Wed, 01 Apr 2026CA$871.0bCA$139.6bCA$26.8b16.9x32.5x6.2x
Fri, 27 Feb 2026CA$1.1tCA$135.4bCA$24.9b23x44.9x8.3x
Sun, 25 Jan 2026CA$1.1tCA$125.2bCA$17.4b27.8x61.2x8.5x
Tue, 23 Dec 2025CA$875.5bCA$125.6bCA$17.5b22.1x50x7x
Thu, 20 Nov 2025CA$745.0bCA$127.4bCA$18.6b19.8x40x5.8x
Sat, 18 Oct 2025CA$810.7bCA$118.0bCA$12.3b22.5x65.9x6.9x
Mon, 15 Sep 2025CA$674.8bCA$118.4bCA$11.9b18.6x56.8x5.7x
Wed, 13 Aug 2025CA$560.5bCA$115.6bCA$12.3b17x45.7x4.8x
Fri, 11 Jul 2025CA$521.0bCA$109.4bCA$8.2b16.5x63.9x4.8x
Sun, 08 Jun 2025CA$515.1bCA$110.6bCA$8.5b15.5x60.6x4.7x
Tue, 06 May 2025CA$461.2bCA$106.6bCA$6.4b12.9x72.3x4.3x
Thu, 03 Apr 2025CA$463.0bCA$107.5bCA$5.4b13.4x86.1x4.3x
Sat, 01 Mar 2025CA$424.1bCA$107.1bCA$3.6b11.5x118.5x4x
Mon, 27 Jan 2025CA$415.3bCA$111.7bCA$678.1m14.7x612.5x3.7x
Wed, 25 Dec 2024CA$394.7bCA$111.9bCA$505.0m12.2x781.6x3.5x
Fri, 22 Nov 2024CA$414.1bCA$109.2bCA$369.4m12.8x1121.1x3.8x
Sun, 20 Oct 2024CA$451.4bCA$106.9b-CA$299,524,969.1918.2x-1507.1x4.2x
Tue, 17 Sep 2024CA$413.5bCA$105.8b-CA$632,854,252.3516.1x-653.4x3.9x
Thu, 15 Aug 2024CA$387.0bCA$106.2b-CA$710,809,841.2916.5x-544.4x3.6x
Sat, 13 Jul 2024CA$407.4bCA$104.5b-CA$491,871,116.4014.7x-828.2x3.9x
Mon, 10 Jun 2024CA$377.2bCA$105.2b-CA$596,421,231.8916.4x-632.4x3.6x
Wed, 08 May 2024CA$384.6bCA$104.0bCA$25.4m18.3x15165.6x3.7x
Fri, 05 Apr 2024CA$363.0bCA$102.5bCA$1.4b17.4x257.3x3.5x
Sun, 03 Mar 2024CA$304.6bCA$102.8bCA$2.5b14.2x124.3x3x
Tue, 30 Jan 2024CA$331.3bCA$107.3bCA$1.7b12.5x193.8x3.1x
Thu, 28 Dec 2023CA$351.8bCA$106.1bCA$1.7b13.8x209.5x3.3x
Sat, 25 Nov 2023CA$330.6bCA$108.5bCA$1.7b11.8x193.8x3x
Mon, 23 Oct 2023CA$349.1bCA$106.2bCA$1.5b11x229.4x3.3x
Wed, 20 Sep 2023CA$358.3bCA$103.8bCA$1.7b11.2x216.8x3.4x
Fri, 18 Aug 2023CA$347.9bCA$104.2bCA$1.4b11.1x242.6x3.3x
Sun, 16 Jul 2023CA$374.4bCA$103.8bCA$2.5b11.8x152.7x3.6x
Tue, 13 Jun 2023CA$366.1bCA$104.5bCA$2.5b13.2x148x3.5x
Price to Earnings Ratio

148x


Total Market Cap: CA$366.1bTotal Earnings: CA$2.5bTotal Revenue: CA$104.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 284.1x202420252026
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 27.0x which is lower than its 3-year average PE of 284x.
  • The 3-year average PS ratio of 9.0x is higher than the industry's current PS ratio of 6.0x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 143% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Materials industry?

CA Market-1.18%
Materials-10.09%
Metals and Mining-10.84%
Aluminum0%0
Steel-4.54%
Copper-8.57%
Diversified Metals and Mining-9.36%
Gold-11.24%
Precious Metals and Minerals-13.64%
Silver-16.44%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 119x.
    • Analysts are expecting annual earnings growth of 12.5%, which is lower than the prior year's growth of 75.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 37% over the next 5 years.
  • However this is lower than its past earnings growth rate of 147% per year.
  • In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 13% 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
TTS Tintina MinesCA$1.89204.8%
+CA$189.4m		656.0%PB140.2x
GQC Goldquest MiningCA$1.0850.0%
+CA$137.8m		83.1%PB7.6x
AAUC Allied GoldCA$35.772.5%
+CA$109.5m		75.2%PS2.3x
DBG Doubleview GoldCA$2.828.9%
+CA$53.6m		333.8%PB18.1x
FAN First Atlantic Nickel & CobaltCA$1.2836.2%
+CA$51.7m		509.5%PB17.3x

Latest News

LUG
CA$78.01
Lundin Gold
7D
-15.3%
1Y
8.5%
EDV
CA$72.71
Endeavour Mining
7D
-15.8%
1Y
71.7%
K
CA$36.50
Kinross Gold
7D
-12.8%
1Y
76.5%
PAAS
CA$66.24
Pan American Silver
7D
-15.9%
1Y
68.9%
FAN
CA$1.28
First Atlantic Nickel & Cobalt
7D
36.2%
1Y
509.5%
TTS
CA$1.89
Tintina Mines
7D
204.8%
1Y
656.0%
KRY
CA$3.29
Koryx Copper
7D
9.3%
1Y
246.3%
ABX
CA$54.91
Barrick Mining
7D
-6.8%
1Y
102.2%
WPM
CA$161.89
Wheaton Precious Metals
7D
-12.7%
1Y
33.2%
Narrative Update • Jun 02

WPM: Robust Pipeline And Higher Dividend Will Support Future Upside Potential

Analysts have nudged their CA$ price targets for Wheaton Precious Metals slightly higher, reflecting updated models after recent quarterly results, modestly higher fair value estimates near CA$222, a small adjustment to discount rates, and refreshed assumptions for growth, margins, and future P/E multiples. Analyst Commentary Across recent research, price targets for Wheaton Precious Metals have been revised in both directions, with several increases clustered around quarterly updates and refreshed company guidance.
AAUC
CA$35.77
Allied Gold
7D
2.5%
1Y
75.2%
Narrative Update • Jun 02

AAUC: Rising Output And Zijin Deal Progress Will Drive Further Upside

Analysts have maintained their CA$44.03 price target for Allied Gold, with the recent upgrade to Buy supported by updated assumptions for the discount rate, revenue growth and profit margin. What's in the News Zijin Gold International's proposed CA$4b all cash acquisition of Allied Gold has been delayed due to ongoing regulatory review in China, with the completion deadline now extended to July 29, 2026.
GQC
CA$1.08
Goldquest Mining
7D
50.0%
1Y
83.1%
Analysis Article • May 31

Companies Like Goldquest Mining (CVE:GQC) Are In A Position To Invest In Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
AGI
CA$49.48
Alamos Gold
7D
-12.5%
1Y
35.5%
LUN
CA$37.22
Lundin Mining
7D
-9.6%
1Y
157.6%
DBG
CA$2.82
Doubleview Gold
7D
8.9%
1Y
333.8%
ACM
CA$2.25
Allied Critical Metals
7D
10.8%
1Y
857.4%
EOX
CA$0.06
Euromax Resources
7D
140.0%
1Y
300.0%