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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedAug 25, 2025
DataAggregated Company Financials
Companies1177
  • 7D3.5%
  • 3M19.4%
  • 1Y42.4%
  • YTD44.4%

Over the last 7 days, the Metals and Mining industry has risen 3.5%, driven by gains from Barrick Mining of 8.2%. This means that the industry has gained 42% over the past year. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Aug 2025CA$592.5bCA$118.2bCA$12.1b17.2x48.9x5x
Wed, 23 Jul 2025CA$531.0bCA$109.0bCA$8.1b17.5x65.6x4.9x
Fri, 20 Jun 2025CA$519.2bCA$109.8bCA$8.2b15.5x63.1x4.7x
Sun, 18 May 2025CA$417.7bCA$94.1bCA$5.6b13x74.9x4.4x
Tue, 15 Apr 2025CA$463.3bCA$104.6bCA$5.1b14.6x90.5x4.4x
Thu, 13 Mar 2025CA$435.3bCA$107.1bCA$5.2b11.6x84.1x4.1x
Sat, 08 Feb 2025CA$437.4bCA$111.3bCA$714.0m13.4x612.6x3.9x
Mon, 06 Jan 2025CA$404.0bCA$112.3bCA$521.4m13.4x774.8x3.6x
Wed, 04 Dec 2024CA$409.0bCA$109.9bCA$325.4m13.2x1256.7x3.7x
Fri, 01 Nov 2024CA$452.2bCA$107.7b-CA$737,111,653.3017.7x-613.5x4.2x
Sun, 29 Sep 2024CA$426.5bCA$105.0b-CA$393,933,221.3718.3x-1082.7x4.1x
Tue, 27 Aug 2024CA$410.3bCA$105.2b-CA$608,380,367.0216.3x-674.4x3.9x
Thu, 25 Jul 2024CA$398.5bCA$105.0b-CA$29,314,899.8516.2x-13593x3.8x
Sat, 22 Jun 2024CA$379.3bCA$104.9b-CA$554,266,209.1516.5x-684.3x3.6x
Mon, 20 May 2024CA$411.1bCA$104.3b-CA$924,091,439.4618.1x-444.8x3.9x
Wed, 17 Apr 2024CA$371.6bCA$104.1bCA$1.5b18x244.8x3.6x
Fri, 15 Mar 2024CA$332.6bCA$102.9bCA$1.3b13.6x251.4x3.2x
Sun, 11 Feb 2024CA$297.7bCA$100.0bCA$3.1b12.7x96.8x3x
Tue, 09 Jan 2024CA$340.5bCA$106.9bCA$1.7b13x197.6x3.2x
Thu, 07 Dec 2023CA$335.9bCA$108.3bCA$1.8b12.9x189.6x3.1x
Sat, 04 Nov 2023CA$335.2bCA$107.4bCA$1.8b14x188.1x3.1x
Mon, 02 Oct 2023CA$341.5bCA$105.5bCA$1.6b11.2x216x3.2x
Wed, 30 Aug 2023CA$366.1bCA$104.3bCA$1.5b11.2x249.6x3.5x
Fri, 28 Jul 2023CA$375.3bCA$103.5bCA$2.1b12.8x179.1x3.6x
Sun, 25 Jun 2023CA$354.5bCA$103.6bCA$2.3b12.6x151.3x3.4x
Tue, 23 May 2023CA$381.8bCA$105.5bCA$2.7b14.9x139.8x3.6x
Thu, 20 Apr 2023CA$401.1bCA$107.3bCA$5.2b14.1x77x3.7x
Sat, 18 Mar 2023CA$357.2bCA$108.9bCA$7.2b13x49.5x3.3x
Mon, 13 Feb 2023CA$351.3bCA$113.0bCA$11.9b12.6x29.5x3.1x
Wed, 11 Jan 2023CA$366.9bCA$113.5bCA$12.0b12.5x30.6x3.2x
Fri, 09 Dec 2022CA$344.4bCA$114.3bCA$12.1b10.9x28.4x3x
Sun, 06 Nov 2022CA$305.8bCA$114.8bCA$14.1b9x21.7x2.7x
Tue, 04 Oct 2022CA$307.7bCA$115.6bCA$16.3b9.5x18.9x2.7x
Thu, 01 Sep 2022CA$289.7bCA$112.0bCA$15.8b9.1x18.3x2.6x
Price to Earnings Ratio

18.3x


Total Market Cap: CA$289.7bTotal Earnings: CA$15.8bTotal Revenue: CA$112.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 284.3x202320242025
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 48.9x 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 5.0x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 8.5% 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 Market1.64%
Materials3.38%
Metals and Mining3.48%
Gold3.86%
Diversified Metals and Mining3.19%
Precious Metals and Minerals2.66%
Copper1.79%
Silver1.74%
Aluminum0%0
Steel-0.18%
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 31.1%, which is higher than its past year's earnings growth of 10.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 67% 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 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
ABX Barrick MiningCA$36.258.2%
+CA$4.7b		31.2%PE16.2x
FNV Franco-NevadaCA$255.865.3%
+CA$2.5b		52.8%PE45.4x
WPM Wheaton Precious MetalsCA$132.162.5%
+CA$1.4b		57.2%PE55x
TECK.B Teck ResourcesCA$46.496.5%
+CA$1.4b		-30.0%PE109.3x
AGI Alamos GoldCA$39.278.8%
+CA$1.3b		48.7%PE34.6x

Latest News

IMG
CA$12.13
IAMGOLD
7D
6.4%
1Y
74.3%

IAMGOLD Corporation (TSE:IMG) Shares Fly 26% But Investors Aren't Buying For Growth

Aug 24
IAMGOLD Corporation (TSE:IMG) Shares Fly 26% But Investors Aren't Buying For Growth
RIO
CA$1.60
Rio2
7D
-4.2%
1Y
185.7%
AGI
CA$39.27
Alamos Gold
7D
8.8%
1Y
48.7%
KNT
CA$15.05
K92 Mining
7D
-1.4%
1Y
103.1%

K92 Mining (TSE:KNT) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Aug 19
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LUG
CA$79.54
Lundin Gold
7D
-1.1%
1Y
188.6%

Lundin Gold Inc.'s (TSE:LUG) 26% Price Boost Is Out Of Tune With Earnings

Aug 19
Lundin Gold Inc.'s (TSE:LUG) 26% Price Boost Is Out Of Tune With Earnings
AII
CA$5.93
Almonty Industries
7D
-7.8%
1Y
400.4%

The Almonty Industries Inc. (TSE:AII) Analysts Have Been Trimming Their Sales Forecasts

Aug 17
The Almonty Industries Inc. (TSE:AII) Analysts Have Been Trimming Their Sales Forecasts
LAC
CA$3.85
Lithium Americas
7D
-4.7%
1Y
3.2%
FNV
CA$255.86
Franco-Nevada
7D
5.3%
1Y
52.8%

Franco-Nevada Corporation Just Recorded A 15% EPS Beat: Here's What Analysts Are Forecasting Next

Aug 14
Franco-Nevada Corporation Just Recorded A 15% EPS Beat: Here's What Analysts Are Forecasting Next
ABX
CA$36.25
Barrick Mining
7D
8.2%
1Y
31.2%
PAAS
CA$45.15
Pan American Silver
7D
3.1%
1Y
56.7%
WPM
CA$132.16
Wheaton Precious Metals
7D
2.5%
1Y
57.2%

Salobo III Streaming Deals Will Shape Future Metals Markets

Wheaton Precious Metals’ fair value has increased—reflected in the higher analyst price target—as consensus expectations for future revenue growth and valuations have both risen substantially. What's in the News Q1 2025 gold production increased slightly to 92,681 ounces, while silver and palladium output declined to 4,733 ounces and 2,661 ounces, respectively.
PMET
CA$3.85
Patriot Battery Metals
7D
-6.6%
1Y
-15.9%
IVN
CA$11.71
Ivanhoe Mines
7D
3.5%
1Y
-38.3%
TECK.B
CA$46.49
Teck Resources
7D
6.5%
1Y
-30.0%
SEA
CA$22.92
Seabridge Gold
7D
-1.5%
1Y
-6.6%

We Think Seabridge Gold (TSE:SEA) Has A Fair Chunk Of Debt

Jul 12
We Think Seabridge Gold (TSE:SEA) Has A Fair Chunk Of Debt
VMET
CA$1.55
Versamet Royalties
7D
-4.9%
1Y
n/a