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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedAug 12, 2025
DataAggregated Company Financials
Companies1177
  • 7D8.2%
  • 3M18.4%
  • 1Y44.1%
  • YTD36.8%

Over the last 7 days, the Metals and Mining industry has risen 8.2%, driven by gains from Kinross Gold of 18%. This means that the industry has gained 44% over the past year. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 Aug 2025CA$563.8bCA$114.7bCA$11.4b16.9x49.5x4.9x
Thu, 10 Jul 2025CA$517.4bCA$109.6bCA$8.2b17.4x63.2x4.7x
Sat, 07 Jun 2025CA$522.4bCA$110.6bCA$8.5b15.5x61.7x4.7x
Mon, 05 May 2025CA$461.2bCA$106.6bCA$6.4b12.6x71.7x4.3x
Wed, 02 Apr 2025CA$462.8bCA$107.6bCA$5.3b13.9x86.9x4.3x
Fri, 28 Feb 2025CA$434.8bCA$106.9bCA$3.4b11.6x126.2x4.1x
Sun, 26 Jan 2025CA$415.3bCA$111.7bCA$678.1m14.7x612.5x3.7x
Tue, 24 Dec 2024CA$391.0bCA$111.8bCA$507.2m12.5x771x3.5x
Thu, 21 Nov 2024CA$414.0bCA$109.3bCA$350.7m13.5x1180.7x3.8x
Sat, 19 Oct 2024CA$435.7bCA$106.9b-CA$299,486,421.0218.2x-1455x4.1x
Mon, 16 Sep 2024CA$413.5bCA$105.8b-CA$668,043,580.9416x-619x3.9x
Wed, 14 Aug 2024CA$385.2bCA$106.2b-CA$588,736,207.6515.2x-654.2x3.6x
Fri, 12 Jul 2024CA$401.1bCA$104.5b-CA$548,369,054.4414.7x-731.4x3.8x
Sun, 09 Jun 2024CA$377.3bCA$105.2b-CA$596,505,222.3415.8x-632.5x3.6x
Tue, 07 May 2024CA$381.9bCA$103.6bCA$30.0m18.2x12727.9x3.7x
Thu, 04 Apr 2024CA$355.2bCA$102.4bCA$1.4b17.1x252.1x3.5x
Sat, 02 Mar 2024CA$297.5bCA$102.9bCA$2.4b14.2x122.9x2.9x
Mon, 29 Jan 2024CA$331.3bCA$107.5bCA$1.7b12.7x193.2x3.1x
Wed, 27 Dec 2023CA$349.2bCA$106.4bCA$1.7b13.8x205.2x3.3x
Fri, 24 Nov 2023CA$331.3bCA$108.9bCA$1.7b11.6x192.1x3x
Sun, 22 Oct 2023CA$349.1bCA$106.2bCA$1.5b11x229.4x3.3x
Tue, 19 Sep 2023CA$365.2bCA$104.1bCA$1.7b11.3x218.9x3.5x
Thu, 17 Aug 2023CA$347.9bCA$104.2bCA$1.4b11.3x242.5x3.3x
Sat, 15 Jul 2023CA$374.3bCA$103.8bCA$2.5b11.8x152.4x3.6x
Mon, 12 Jun 2023CA$366.5bCA$104.4bCA$2.5b13.2x146.9x3.5x
Wed, 10 May 2023CA$408.5bCA$104.5bCA$3.3b16.9x122.1x3.9x
Fri, 07 Apr 2023CA$391.0bCA$107.4bCA$5.2b13.9x75.8x3.6x
Sun, 05 Mar 2023CA$360.7bCA$108.4bCA$8.1b13.7x44.6x3.3x
Tue, 31 Jan 2023CA$371.1bCA$113.3bCA$12.0b12.6x30.9x3.3x
Thu, 29 Dec 2022CA$340.3bCA$114.6bCA$12.1b11.5x28.1x3x
Sat, 26 Nov 2022CA$330.4bCA$112.8bCA$12.0b10.6x27.5x2.9x
Mon, 24 Oct 2022CA$301.6bCA$116.1bCA$16.3b8.7x18.5x2.6x
Wed, 21 Sep 2022CA$294.5bCA$113.7bCA$15.9b9.4x18.5x2.6x
Fri, 19 Aug 2022CA$304.6bCA$110.6bCA$15.7b10.3x19.3x2.8x
Price to Earnings Ratio

19.3x


Total Market Cap: CA$304.6bTotal Earnings: CA$15.7bTotal Revenue: CA$110.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 284x202320242025
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 49.5x which is lower than its 3-year average PE of 284x.
  • The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 10% 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 Market1.32%
Materials6.94%
Metals and Mining8.16%
Silver10.04%
Gold9.04%
Precious Metals and Minerals7.45%
Copper6.09%
Diversified Metals and Mining5.20%
Steel0.36%
Aluminum0%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 34.3%, 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 49% 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 7.3% 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
K Kinross GoldCA$26.3617.9%
+CA$4.9b		115.2%PE15.2x
FNV Franco-NevadaCA$242.418.7%
+CA$3.7b		42.3%PE54.9x
ABX Barrick MiningCA$31.466.8%
+CA$3.4b		20.3%PE16.9x
WPM Wheaton Precious MetalsCA$134.305.7%
+CA$3.3b		70.8%PE56.1x
LUG Lundin GoldCA$77.4519.2%
+CA$3.0b		219.4%PE22x

Latest News

WPM
CA$134.30
Wheaton Precious Metals
7D
5.7%
1Y
70.8%
TFPM
CA$37.07
Triple Flag Precious Metals
7D
16.7%
1Y
71.3%
LUN
CA$15.37
Lundin Mining
7D
10.5%
1Y
21.3%
LUG
CA$77.45
Lundin Gold
7D
19.2%
1Y
219.4%
SVM
CA$6.12
Silvercorp Metals
7D
2.7%
1Y
39.7%
PAAS
CA$43.48
Pan American Silver
7D
16.6%
1Y
59.6%
K
CA$26.36
Kinross Gold
7D
17.9%
1Y
115.2%
AAUC
CA$15.95
Allied Gold
7D
-11.0%
1Y
74.3%
MAI
CA$0.34
Minera Alamos
7D
-26.1%
1Y
13.3%
DPM
CA$23.62
Dundee Precious Metals
7D
-1.5%
1Y
84.4%
MND
CA$4.79
Mandalay Resources
7D
-6.1%
1Y
101.3%
FNV
CA$242.41
Franco-Nevada
7D
8.7%
1Y
42.3%

Franco-Nevada (TSE:FNV) Might Have The Makings Of A Multi-Bagger

Jul 26
Franco-Nevada (TSE:FNV) Might Have The Makings Of A Multi-Bagger
ETG
CA$2.09
Entrée Resources
7D
-8.3%
1Y
43.2%
ABX
CA$31.46
Barrick Mining
7D
6.8%
1Y
20.3%
VMET
CA$1.43
Versamet Royalties
7D
-8.9%
1Y
n/a
RAMP
CA$0.39
Ramp Metals
7D
-61.5%
1Y
-45.8%