Calculating The Intrinsic Value Of Wheaton Precious Metals Corp. (TSE:WPM)
Apr 03
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Canadian (TSX) Metals and Mining Industry Analysis
UpdatedApr 10, 2025
DataAggregated Company Financials
Companies1204
- 7D-5.7%
- 3M6.0%
- 1Y14.4%
- YTD9.0%
Over the last 7 days, the Metals and Mining industry has dropped 5.7%, driven by a pullback from Teck Resources of 12%. In the past year, the industry has gained 14%. As for the next few years, earnings are expected to grow by 25% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 10 Apr 2025 | CA$404.7b | CA$106.1b | CA$5.3b | 12.3x | 76.9x | 3.8x |
| Sat, 08 Mar 2025 | CA$434.6b | CA$107.1b | CA$4.4b | 11.8x | 97.9x | 4.1x |
| Mon, 03 Feb 2025 | CA$420.6b | CA$112.9b | CA$692.3m | 13.1x | 607.5x | 3.7x |
| Wed, 01 Jan 2025 | CA$386.6b | CA$111.9b | CA$491.9m | 13x | 786x | 3.5x |
| Fri, 29 Nov 2024 | CA$412.0b | CA$109.6b | CA$367.7m | 13x | 1120.6x | 3.8x |
| Sun, 27 Oct 2024 | CA$447.2b | CA$107.4b | -CA$846,804,717.48 | 17.4x | -528.1x | 4.2x |
| Tue, 24 Sep 2024 | CA$419.4b | CA$105.6b | -CA$629,794,981.25 | 16.2x | -666x | 4x |
| Thu, 22 Aug 2024 | CA$409.2b | CA$105.8b | -CA$657,117,674.60 | 15.5x | -622.7x | 3.9x |
| Sat, 20 Jul 2024 | CA$398.4b | CA$104.6b | -CA$28,176,625.22 | 15.8x | -14140.8x | 3.8x |
| Mon, 17 Jun 2024 | CA$370.9b | CA$105.1b | -CA$571,847,219.06 | 16.2x | -648.6x | 3.5x |
| Wed, 15 May 2024 | CA$388.8b | CA$104.3b | -CA$491,269,542.59 | 16.2x | -791.3x | 3.7x |
| Fri, 12 Apr 2024 | CA$376.3b | CA$103.3b | CA$1.5b | 18x | 257.9x | 3.6x |
| Sun, 10 Mar 2024 | CA$321.7b | CA$102.7b | CA$1.2b | 14.8x | 259.7x | 3.1x |
| Tue, 06 Feb 2024 | CA$302.5b | CA$100.5b | CA$3.1b | 12.6x | 96.8x | 3x |
| Thu, 04 Jan 2024 | CA$340.6b | CA$107.0b | CA$1.7b | 13.1x | 197.6x | 3.2x |
| Sat, 02 Dec 2023 | CA$341.8b | CA$107.7b | CA$1.7b | 13.8x | 197.7x | 3.2x |
| Mon, 30 Oct 2023 | CA$347.2b | CA$107.0b | CA$1.4b | 11.9x | 254.5x | 3.2x |
| Wed, 27 Sep 2023 | CA$340.1b | CA$105.1b | CA$1.6b | 10.7x | 212.3x | 3.2x |
| Fri, 25 Aug 2023 | CA$356.1b | CA$104.4b | CA$1.4b | 11.6x | 254.4x | 3.4x |
| Sun, 23 Jul 2023 | CA$372.5b | CA$103.8b | CA$2.4b | 12.7x | 152.8x | 3.6x |
| Tue, 20 Jun 2023 | CA$366.4b | CA$103.7b | CA$2.4b | 12.3x | 153.6x | 3.5x |
| Thu, 18 May 2023 | CA$386.0b | CA$105.3b | CA$2.8b | 14.1x | 140x | 3.7x |
| Sat, 15 Apr 2023 | CA$405.2b | CA$106.8b | CA$5.1b | 14.3x | 78.7x | 3.8x |
| Mon, 13 Mar 2023 | CA$339.3b | CA$109.4b | CA$7.7b | 13.3x | 43.8x | 3.1x |
| Wed, 08 Feb 2023 | CA$360.6b | CA$113.5b | CA$12.0b | 13.7x | 30.1x | 3.2x |
| Fri, 06 Jan 2023 | CA$353.9b | CA$114.4b | CA$12.1b | 12.1x | 29.2x | 3.1x |
| Sun, 04 Dec 2022 | CA$349.0b | CA$113.6b | CA$12.1b | 11.7x | 28.9x | 3.1x |
| Tue, 01 Nov 2022 | CA$294.1b | CA$116.2b | CA$14.4b | 8x | 20.4x | 2.5x |
| Thu, 29 Sep 2022 | CA$289.5b | CA$115.9b | CA$16.2b | 9.3x | 17.8x | 2.5x |
| Sat, 27 Aug 2022 | CA$302.2b | CA$111.1b | CA$15.8b | 9.4x | 19.1x | 2.7x |
| Mon, 25 Jul 2022 | CA$279.1b | CA$106.8b | CA$14.4b | 9.3x | 19.4x | 2.6x |
| Wed, 22 Jun 2022 | CA$339.3b | CA$107.2b | CA$14.6b | 12x | 23.2x | 3.2x |
| Fri, 20 May 2022 | CA$348.1b | CA$106.1b | CA$14.5b | 11.3x | 23.9x | 3.3x |
| Sun, 17 Apr 2022 | CA$440.5b | CA$100.8b | CA$13.2b | 12x | 33.3x | 4.4x |
Price to Earnings Ratio
33.3x
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 76.9x which is lower than its 3-year average PE of 279x.
- The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 26% 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 | -6.16% | |
| Materials | -5.52% | |
| Metals and Mining | -5.70% | |
| Aluminum | 0% | 0 |
| Gold | -3.79% | |
| Precious Metals and Minerals | -4.95% | |
| Steel | -6.25% | |
| Silver | -7.89% | |
| Diversified Metals and Mining | -8.43% | |
| Copper | -14.55% | |
Industry PE
- Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 38.9%, which is lower than the prior year's growth of 59.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 63% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LUG Lundin Gold | CA$45.85 | 3.9% +CA$414.0m | 143.0% | PE18.4x | |
| AFM Alphamin Resources | CA$0.77 | 37.5% +CA$268.5m | -35.3% | PE9.5x | |
| MAU Montage Gold | CA$3.34 | 5.0% +CA$59.7m | 167.2% | PB5x | |
| TFPM Triple Flag Precious Metals | CA$28.06 | 0.8% +CA$44.2m | 29.8% | PS14.9x | |
| ARTG Artemis Gold | CA$17.25 | 0.8% +CA$29.3m | 98.3% | PB6.6x |
