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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedJul 16, 2025
DataAggregated Company Financials
Companies1193
  • 7D1.7%
  • 3M7.6%
  • 1Y24.2%
  • YTD29.0%

In the last week, the Metals and Mining industry is up 1.7%, with Wheaton Precious Metals up 4.8%. This means that the industry has gained 24% over the past year. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Jul 2025CA$529.5bCA$109.9bCA$8.2b17.9x64.4x4.8x
Fri, 13 Jun 2025CA$513.1bCA$110.0bCA$8.4b15.8x61x4.7x
Sun, 11 May 2025CA$489.9bCA$111.3bCA$8.5b14.2x57.6x4.4x
Tue, 08 Apr 2025CA$409.8bCA$107.0bCA$5.4b12.3x76.2x3.8x
Thu, 06 Mar 2025CA$422.4bCA$106.3bCA$3.4b12x125.1x4x
Sat, 01 Feb 2025CA$426.2bCA$112.9bCA$688.5m13.1x619.1x3.8x
Mon, 30 Dec 2024CA$394.1bCA$112.1bCA$515.1m12.8x765.1x3.5x
Wed, 27 Nov 2024CA$411.1bCA$109.8bCA$379.8m13.1x1082.4x3.7x
Fri, 25 Oct 2024CA$453.2bCA$105.4b-CA$1,688,125,477.7317.8x-268.5x4.3x
Sun, 22 Sep 2024CA$419.4bCA$105.6b-CA$629,794,981.2516.2x-666x4x
Tue, 20 Aug 2024CA$400.0bCA$106.0b-CA$632,381,372.3214.7x-632.6x3.8x
Thu, 18 Jul 2024CA$418.7bCA$104.3b-CA$114,697,214.7415.4x-3650.8x4x
Sat, 15 Jun 2024CA$370.2bCA$105.1b-CA$613,144,120.9616.2x-603.8x3.5x
Mon, 13 May 2024CA$391.8bCA$104.4b-CA$462,922,866.6316.9x-846.3x3.8x
Wed, 10 Apr 2024CA$368.2bCA$102.6bCA$1.4b17.8x259.7x3.6x
Fri, 08 Mar 2024CA$320.2bCA$102.4bCA$1.2b15.5x268.5x3.1x
Sun, 04 Feb 2024CA$329.8bCA$107.6bCA$1.7b12.9x189.3x3.1x
Tue, 02 Jan 2024CA$345.3bCA$106.3bCA$1.7b14x202.8x3.2x
Thu, 30 Nov 2023CA$340.9bCA$108.3bCA$1.7b13.1x195.4x3.1x
Sat, 28 Oct 2023CA$346.8bCA$107.0bCA$1.3b11.6x272.3x3.2x
Mon, 25 Sep 2023CA$351.1bCA$104.9bCA$1.6b10.7x221x3.3x
Wed, 23 Aug 2023CA$352.5bCA$104.3bCA$1.4b11.3x248.8x3.4x
Fri, 21 Jul 2023CA$372.7bCA$103.6bCA$2.4b12.5x152.9x3.6x
Sun, 18 Jun 2023CA$367.0bCA$103.7bCA$2.4b12.1x154.1x3.5x
Tue, 16 May 2023CA$397.1bCA$105.4bCA$2.8b14.2x143.2x3.8x
Thu, 13 Apr 2023CA$400.5bCA$107.2bCA$5.2b15x76.6x3.7x
Sat, 11 Mar 2023CA$339.3bCA$109.4bCA$7.7b13.3x43.8x3.1x
Mon, 06 Feb 2023CA$363.9bCA$113.3bCA$12.0b13.1x30.4x3.2x
Wed, 04 Jan 2023CA$345.8bCA$115.0bCA$12.2b12x28.4x3x
Fri, 02 Dec 2022CA$348.4bCA$113.4bCA$12.0b9.7x28.9x3.1x
Sun, 30 Oct 2022CA$298.1bCA$115.9bCA$14.4b8.6x20.7x2.6x
Tue, 27 Sep 2022CA$274.3bCA$116.0bCA$16.2b8.7x16.9x2.4x
Thu, 25 Aug 2022CA$309.3bCA$110.9bCA$15.8b9.8x19.6x2.8x
Sat, 23 Jul 2022CA$280.1bCA$107.0bCA$14.4b9.5x19.4x2.6x
Price to Earnings Ratio

19.4x


Total Market Cap: CA$280.1bTotal Earnings: CA$14.4bTotal Revenue: CA$107.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 283x202320242025
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 64.4x which is lower than its 3-year average PE of 283x.
  • The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 4.8x.
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 Market0.64%
Materials1.19%
Metals and Mining1.68%
Silver11.10%
Precious Metals and Minerals8.39%
Gold2.15%
Steel1.56%
Diversified Metals and Mining0.44%
Aluminum0%0
Copper-4.08%
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 56.4%, which is higher than its past year's earnings decline of 26.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 56% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Steel industry is expected to see its earnings grow by 5.0% 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
WPM Wheaton Precious MetalsCA$124.334.8%
+CA$2.6b		46.3%PE66.4x
ABX Barrick MiningCA$28.831.7%
+CA$825.3m		9.5%PE15.6x
OLA Orla MiningCA$16.2015.7%
+CA$715.3m		183.7%PE2306.8x
AG First Majestic SilverCA$12.2511.9%
+CA$630.0m		31.3%PS6.2x
PAAS Pan American SilverCA$40.754.2%
+CA$594.0m		23.2%PE34.6x

Latest News

K
CA$21.14
Kinross Gold
7D
1.6%
1Y
65.8%
AG
CA$12.25
First Majestic Silver
7D
11.9%
1Y
31.3%
ABX
CA$28.83
Barrick Mining
7D
1.7%
1Y
9.5%
OR
CA$37.73
OR Royalties
7D
6.8%
1Y
54.4%
ERO
CA$19.86
Ero Copper
7D
-7.8%
1Y
-32.6%

Is Ero Copper (TSE:ERO) A Risky Investment?

Jul 15
Is Ero Copper (TSE:ERO) A Risky Investment?
HBM
CA$14.19
Hudbay Minerals
7D
-5.0%
1Y
15.6%
OLA
CA$16.20
Orla Mining
7D
15.7%
1Y
183.7%
LUG
CA$67.57
Lundin Gold
7D
-3.4%
1Y
188.0%
TECK.B
CA$51.50
Teck Resources
7D
-3.8%
1Y
-24.4%
CS
CA$7.86
Capstone Copper
7D
-6.1%
1Y
-20.3%
NGD
CA$6.21
New Gold
7D
-4.6%
1Y
87.6%
WPM
CA$124.33
Wheaton Precious Metals
7D
4.8%
1Y
46.3%
FM
CA$23.25
First Quantum Minerals
7D
-4.0%
1Y
31.1%
LUN
CA$13.82
Lundin Mining
7D
-4.7%
1Y
-10.7%
PPTA
CA$20.37
Perpetua Resources
7D
16.7%
1Y
116.1%
PAAS
CA$40.75
Pan American Silver
7D
4.2%
1Y
23.2%