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Canadian (TSX) Metals and Mining Industry Analysis
UpdatedMay 30, 2025
DataAggregated Company Financials
Companies1199
- 7D2.0%
- 3M14.4%
- 1Y21.2%
- YTD21.6%
In the last week, the Metals and Mining industry is up 1.7%, with Teck Resources up 5.8%. During this same period, the Ivanhoe Mines underperformed, falling 14%. This means that the industry has gained 22% over the past year. Earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Fri, 30 May 2025 | CA$492.3b | CA$111.3b | CA$8.7b | 14.8x | 56.9x | 4.4x |
| Sun, 27 Apr 2025 | CA$472.9b | CA$105.6b | CA$5.9b | 13.4x | 79.8x | 4.5x |
| Tue, 25 Mar 2025 | CA$466.9b | CA$107.2b | CA$5.4b | 14.2x | 86.5x | 4.4x |
| Thu, 20 Feb 2025 | CA$435.8b | CA$111.8b | CA$3.9b | 13x | 112.2x | 3.9x |
| Sat, 18 Jan 2025 | CA$403.2b | CA$112.5b | CA$713.7m | 13.6x | 565x | 3.6x |
| Mon, 16 Dec 2024 | CA$407.2b | CA$111.0b | CA$454.6m | 13.6x | 895.7x | 3.7x |
| Wed, 13 Nov 2024 | CA$405.3b | CA$108.6b | CA$410.9m | 11.9x | 986.3x | 3.7x |
| Fri, 11 Oct 2024 | CA$417.2b | CA$106.4b | -CA$403,068,870.79 | 18x | -1035.1x | 3.9x |
| Sun, 08 Sep 2024 | CA$372.5b | CA$105.6b | -CA$696,555,405.66 | 15.2x | -534.8x | 3.5x |
| Tue, 06 Aug 2024 | CA$385.2b | CA$105.8b | -CA$332,499,814.55 | 14.6x | -1158.6x | 3.6x |
| Thu, 04 Jul 2024 | CA$375.7b | CA$104.4b | -CA$557,281,724.37 | 15.7x | -674.1x | 3.6x |
| Sat, 01 Jun 2024 | CA$399.8b | CA$104.4b | -CA$874,057,933.89 | 17.3x | -457.4x | 3.8x |
| Mon, 29 Apr 2024 | CA$384.4b | CA$102.8b | CA$381.9m | 17x | 1006.5x | 3.7x |
| Wed, 27 Mar 2024 | CA$329.5b | CA$103.4b | CA$1.4b | 13.6x | 236.5x | 3.2x |
| Fri, 23 Feb 2024 | CA$294.4b | CA$100.4b | CA$2.3b | 14.3x | 128.3x | 2.9x |
| Sun, 21 Jan 2024 | CA$325.0b | CA$107.6b | CA$1.7b | 12.5x | 185.9x | 3x |
| Tue, 19 Dec 2023 | CA$342.0b | CA$107.2b | CA$1.7b | 13.3x | 196.9x | 3.2x |
| Thu, 16 Nov 2023 | CA$325.2b | CA$109.0b | CA$1.8b | 12.4x | 177.1x | 3x |
| Sat, 14 Oct 2023 | CA$344.8b | CA$105.9b | CA$1.6b | 11.6x | 219.4x | 3.3x |
| Mon, 11 Sep 2023 | CA$352.9b | CA$104.8b | CA$1.7b | 11x | 201.7x | 3.4x |
| Wed, 09 Aug 2023 | CA$364.6b | CA$103.6b | CA$1.1b | 11.9x | 338.9x | 3.5x |
| Fri, 07 Jul 2023 | CA$352.5b | CA$104.6b | CA$2.5b | 11.9x | 141.5x | 3.4x |
| Sun, 04 Jun 2023 | CA$371.8b | CA$104.8b | CA$2.6b | 13.4x | 144.3x | 3.5x |
| Tue, 02 May 2023 | CA$396.5b | CA$106.5b | CA$4.4b | 14.1x | 89.6x | 3.7x |
| Thu, 30 Mar 2023 | CA$371.6b | CA$108.0b | CA$6.8b | 14.5x | 55x | 3.4x |
| Sat, 25 Feb 2023 | CA$334.9b | CA$108.9b | CA$8.4b | 13.6x | 40.1x | 3.1x |
| Mon, 23 Jan 2023 | CA$374.2b | CA$113.2b | CA$12.0b | 13x | 31.2x | 3.3x |
| Wed, 21 Dec 2022 | CA$335.8b | CA$114.6b | CA$12.1b | 11.3x | 27.8x | 2.9x |
| Fri, 18 Nov 2022 | CA$316.6b | CA$112.7b | CA$12.1b | 10.4x | 26.3x | 2.8x |
| Sun, 16 Oct 2022 | CA$289.5b | CA$117.0b | CA$16.5b | 8.6x | 17.6x | 2.5x |
| Tue, 13 Sep 2022 | CA$307.1b | CA$111.4b | CA$15.6b | 9.7x | 19.6x | 2.8x |
| Thu, 11 Aug 2022 | CA$308.1b | CA$109.5b | CA$15.3b | 10.3x | 20.1x | 2.8x |
| Sat, 09 Jul 2022 | CA$295.8b | CA$107.3b | CA$14.6b | 9.6x | 20.2x | 2.8x |
| Mon, 06 Jun 2022 | CA$369.7b | CA$105.0b | CA$14.3b | 12.7x | 25.8x | 3.5x |
Price to Earnings Ratio
25.8x
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 56.5x which is lower than its 3-year average PE of 281x.
- The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 15% 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 | 1.13% | |
| Materials | 1.76% | |
| Metals and Mining | 1.99% | |
| Copper | 5.19% | |
| Precious Metals and Minerals | 4.96% | |
| Silver | 2.23% | |
| Gold | 1.98% | |
| Steel | 0.35% | |
| Diversified Metals and Mining | 0.33% | |
| Aluminum | 0% | 0 |
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 48.4%, 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 53% 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 6.0% 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 | |
|---|---|---|---|---|---|
| TECK.B Teck Resources | CA$52.03 | 5.8% +CA$1.4b | -26.0% | PS2.7x | |
| FNV Franco-Nevada | CA$232.51 | 2.3% +CA$992.1m | 36.7% | PE52.5x | |
| LUG Lundin Gold | CA$64.69 | 5.0% +CA$747.8m | 219.1% | PE21x | |
| WPM Wheaton Precious Metals | CA$118.83 | 1.3% +CA$703.4m | 54.6% | PE63.1x | |
| CS Capstone Copper | CA$7.59 | 11.8% +CA$609.8m | -23.3% | PE51.7x |