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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedOct 13, 2025
DataAggregated Company Financials
Companies1162
  • 7D-0.9%
  • 3M41.0%
  • 1Y72.4%
  • YTD82.2%

Last week, the Metals and Mining industry hasn't moved much but Trilogy Metals is up 191% in that time. As for the the longer term, the industry is up 72% over the past 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Oct 2025CA$747.4bCA$117.9bCA$12.3b24x60.9x6.3x
Wed, 10 Sep 2025CA$660.8bCA$118.5bCA$12.0b18.6x54.9x5.6x
Fri, 08 Aug 2025CA$551.8bCA$112.7bCA$10.4b18.5x52.9x4.9x
Sun, 06 Jul 2025CA$529.8bCA$109.1bCA$8.1b16.8x65.4x4.9x
Tue, 03 Jun 2025CA$488.8bCA$110.6bCA$8.5b15.2x57.5x4.4x
Thu, 01 May 2025CA$469.8bCA$105.1bCA$5.8b13.4x80.5x4.5x
Sat, 29 Mar 2025CA$470.5bCA$107.7bCA$5.3b14.3x88.5x4.4x
Mon, 24 Feb 2025CA$428.1bCA$105.3bCA$3.1b12.2x139x4.1x
Wed, 22 Jan 2025CA$413.2bCA$111.7bCA$682.3m13.6x605.5x3.7x
Fri, 20 Dec 2024CA$387.2bCA$112.0bCA$488.3m12.8x793x3.5x
Sun, 17 Nov 2024CA$394.2bCA$110.1bCA$488.1m13x807.7x3.6x
Tue, 15 Oct 2024CA$430.7bCA$106.5b-CA$379,954,524.1617.8x-1133.6x4x
Thu, 12 Sep 2024CA$387.1bCA$105.7b-CA$694,109,589.8015.2x-557.7x3.7x
Sat, 10 Aug 2024CA$369.7bCA$105.7b-CA$684,380,505.4514.7x-540.2x3.5x
Mon, 08 Jul 2024CA$394.5bCA$104.5b-CA$548,601,998.1715.7x-719.2x3.8x
Wed, 05 Jun 2024CA$395.0bCA$104.7b-CA$588,859,774.7415.4x-670.8x3.8x
Fri, 03 May 2024CA$373.8bCA$103.3bCA$73.9m17x5058.5x3.6x
Sun, 31 Mar 2024CA$345.9bCA$102.5bCA$1.6b14.3x221.6x3.4x
Tue, 27 Feb 2024CA$291.7bCA$102.4bCA$2.8b13.8x103.5x2.8x
Thu, 25 Jan 2024CA$331.0bCA$108.0bCA$1.8b12.7x186.8x3.1x
Sat, 23 Dec 2023CA$349.1bCA$106.4bCA$1.7b13.8x205.8x3.3x
Mon, 20 Nov 2023CA$327.1bCA$109.0bCA$1.7b12.1x193.3x3x
Wed, 18 Oct 2023CA$352.1bCA$105.8bCA$1.5b11.6x227.7x3.3x
Fri, 15 Sep 2023CA$355.2bCA$104.1bCA$1.7b11.3x206.6x3.4x
Sun, 13 Aug 2023CA$366.8bCA$104.0bCA$1.4b11x257.7x3.5x
Tue, 11 Jul 2023CA$361.8bCA$104.1bCA$2.5b12.2x146.5x3.5x
Thu, 08 Jun 2023CA$371.3bCA$104.5bCA$2.6b13.2x144.7x3.6x
Sat, 06 May 2023CA$407.4bCA$104.6bCA$3.4b18.6x119.6x3.9x
Mon, 03 Apr 2023CA$376.0bCA$107.6bCA$5.1b13.9x73.1x3.5x
Wed, 01 Mar 2023CA$346.8bCA$108.6bCA$8.1b14.2x42.7x3.2x
Fri, 27 Jan 2023CA$376.8bCA$112.9bCA$12.0b12.9x31.5x3.3x
Sun, 25 Dec 2022CA$340.9bCA$114.5bCA$12.1b11.4x28.2x3x
Tue, 22 Nov 2022CA$318.9bCA$113.5bCA$12.1b10.3x26.3x2.8x
Thu, 20 Oct 2022CA$288.0bCA$116.5bCA$16.4b8.4x17.6x2.5x
Price to Earnings Ratio

17.6x


Total Market Cap: CA$288.0bTotal Earnings: CA$16.4bTotal Revenue: CA$116.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 286x202320242025
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 60.9x which is lower than its 3-year average PE of 286x.
  • The 3-year average PS ratio of 8.2x is higher than the industry's current PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 9.2% 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-1.54%
Materials-0.87%
Metals and Mining-0.90%
Silver1.92%
Diversified Metals and Mining1.85%
Aluminum0%0
Copper-0.068%
Steel-1.27%
Precious Metals and Minerals-1.53%
Gold-1.74%
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 33.9%, which is higher than its past year's earnings growth of 27.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 70% over the next 5 years.
  • However this is lower than its past earnings growth rate of 403% per year.
  • In contrast, the Steel industry is expected to see its earnings grow by 6.3% 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
TMQ Trilogy MetalsCA$8.42191.3%
+CA$908.6m		1,120.3%PB7.7x
EQX Equinox GoldCA$16.297.4%
+CA$851.6m		101.9%PS4.6x
AG First Majestic SilverCA$18.569.7%
+CA$828.6m		107.1%PE440.7x
PPTA Perpetua ResourcesCA$36.1018.6%
+CA$607.8m		177.1%PB5.4x
NDM Northern Dynasty MineralsCA$2.8554.9%
+CA$557.3m		470.0%PB39.4x

Latest News

TMQ
CA$8.42
Trilogy Metals
7D
191.3%
1Y
1,120.3%
HBM
CA$23.21
Hudbay Minerals
7D
5.7%
1Y
80.3%

Mitsubishi Collaboration And Copper World Will Expand North American Production

Hudbay Minerals' analyst price target has increased markedly, rising from C$19.25 to C$21.79. Analysts cite stronger commodity exposure and improved cash flow prospects as key factors supporting a more optimistic outlook.
TECK.B
CA$58.64
Teck Resources
7D
-2.7%
1Y
-16.8%
LAC
CA$10.52
Lithium Americas
7D
-16.8%
1Y
163.7%
AGI
CA$46.25
Alamos Gold
7D
-2.5%
1Y
71.6%

Magino And Island Gold Integration Will Empower Future Mining Excellence

Analysts have raised their price target for Alamos Gold from approximately $52.38 to $54.56. They cite expectations of stronger revenue growth and improved profitability as factors driving future performance.
AG
CA$18.56
First Majestic Silver
7D
9.7%
1Y
107.1%

Exploration At Navidad And Santo Niño Will Uplift Silver Prospects

Analysts have raised their price target for First Majestic Silver from $16.00 to $21.13. They cite expectations of stronger revenue growth and a slightly increased discount rate, despite a modest dip in projected profit margin.
K
CA$33.96
Kinross Gold
7D
-2.7%
1Y
151.2%

Persistent Inflation And Uncertainty Will Sustain High Gold Prices

Analysts have raised their price target for Kinross Gold from $27.44 to $31.50, citing improved revenue growth expectations and higher forecasted profit margins as the primary drivers for the upward revision. What's in the News Kinross Gold has been added to the FTSE All-World Index (USD) (Key Developments).
OGC
CA$33.18
OceanaGold
7D
7.0%
1Y
181.4%

Here's Why OceanaGold (TSE:OGC) Has Caught The Eye Of Investors

Oct 08
Here's Why OceanaGold (TSE:OGC) Has Caught The Eye Of Investors
EQX
CA$16.29
Equinox Gold
7D
7.4%
1Y
101.9%
ABX
CA$45.86
Barrick Mining
7D
-3.2%
1Y
66.8%
WPM
CA$147.64
Wheaton Precious Metals
7D
-3.5%
1Y
76.7%

Salobo III Streaming Deals Will Shape Future Metals Markets

Analysts have raised their price targets on Wheaton Precious Metals. Updated fair value estimates have climbed from $150 to $174, reflecting stronger than expected revenue growth and increasing optimism about commodity markets.
NGD
CA$9.58
New Gold
7D
-6.4%
1Y
145.0%
FNV
CA$286.16
Franco-Nevada
7D
-6.9%
1Y
68.3%
PPTA
CA$36.10
Perpetua Resources
7D
18.6%
1Y
177.1%
AII
CA$10.86
Almonty Industries
7D
24.0%
1Y
722.7%
NDM
CA$2.85
Northern Dynasty Minerals
7D
54.9%
1Y
470.0%

Is Northern Dynasty Minerals (TSE:NDM) Using Debt Sensibly?

Jul 20
Is Northern Dynasty Minerals (TSE:NDM) Using Debt Sensibly?