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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedSep 25, 2024
DataAggregated Company Financials
Companies1227
  • 7D3.3%
  • 3M12.2%
  • 1Y27.9%
  • YTD28.1%

Over the last 7 days, the Metals and Mining industry has risen 3.3%, driven by gains from Teck Resources of 6.3%. During this same period, the International Battery Metals underperformed, falling 59%. This means that the industry has gained 28% over the past year. Earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Sep 2024CA$426.2bCA$104.8b-CA$438,089,705.4618x-972.8x4.1x
Sat, 24 Aug 2024CA$405.5bCA$105.3b-CA$624,553,421.1015.7x-649.2x3.9x
Mon, 22 Jul 2024CA$397.5bCA$104.6b-CA$25,399,352.5516.2x-15649.2x3.8x
Wed, 19 Jun 2024CA$369.0bCA$105.0b-CA$572,672,775.5615.6x-644.3x3.5x
Fri, 17 May 2024CA$396.9bCA$104.6b-CA$294,597,941.1518.1x-1347.3x3.8x
Sun, 14 Apr 2024CA$378.6bCA$103.9bCA$1.5b18.2x251.8x3.6x
Tue, 12 Mar 2024CA$322.5bCA$102.6bCA$1.3b14x252.5x3.1x
Thu, 08 Feb 2024CA$304.0bCA$100.1bCA$3.1b12.4x97.4x3x
Sat, 06 Jan 2024CA$340.3bCA$107.0bCA$1.7b13.3x197x3.2x
Mon, 04 Dec 2023CA$346.9bCA$107.7bCA$1.7b13.5x199.7x3.2x
Wed, 01 Nov 2023CA$326.5bCA$107.0bCA$1.4b12.8x238.3x3.1x
Fri, 29 Sep 2023CA$338.0bCA$105.0bCA$1.6b10.6x212.6x3.2x
Sun, 27 Aug 2023CA$354.5bCA$104.6bCA$1.4b11.1x246.8x3.4x
Tue, 25 Jul 2023CA$371.2bCA$103.5bCA$2.4b12.6x153x3.6x
Thu, 22 Jun 2023CA$357.3bCA$103.5bCA$2.4b12.7x150.6x3.5x
Sat, 20 May 2023CA$381.6bCA$105.5bCA$2.8b14.9x137.9x3.6x
Mon, 17 Apr 2023CA$405.3bCA$106.8bCA$5.1b14.3x78.7x3.8x
Wed, 15 Mar 2023CA$348.8bCA$108.5bCA$7.7b13.6x45.4x3.2x
Fri, 10 Feb 2023CA$357.0bCA$113.7bCA$12.0b13.5x29.8x3.1x
Sun, 08 Jan 2023CA$360.5bCA$113.6bCA$12.0b12.2x30x3.2x
Tue, 06 Dec 2022CA$342.0bCA$114.1bCA$12.1b10.9x28.2x3x
Thu, 03 Nov 2022CA$289.9bCA$116.0bCA$14.2b8.1x20.4x2.5x
Sat, 01 Oct 2022CA$299.7bCA$116.2bCA$16.3b9.2x18.3x2.6x
Mon, 29 Aug 2022CA$302.3bCA$111.1bCA$15.7b9.4x19.3x2.7x
Wed, 27 Jul 2022CA$275.9bCA$106.9bCA$14.4b9.3x19.2x2.6x
Fri, 24 Jun 2022CA$313.8bCA$107.5bCA$14.6b10.8x21.4x2.9x
Sun, 22 May 2022CA$361.7bCA$106.3bCA$14.6b11x24.9x3.4x
Tue, 19 Apr 2022CA$439.4bCA$100.1bCA$13.3b12x33.1x4.4x
Thu, 17 Mar 2022CA$418.4bCA$105.0bCA$14.5b11.5x28.9x4x
Sat, 12 Feb 2022CA$391.3bCA$101.6bCA$12.8b10.9x30.6x3.9x
Mon, 10 Jan 2022CA$357.8bCA$101.4bCA$12.8b9.9x28.1x3.5x
Wed, 08 Dec 2021CA$359.1bCA$102.1bCA$13.1b9.4x27.5x3.5x
Fri, 05 Nov 2021CA$366.3bCA$98.8bCA$13.2b10.6x27.7x3.7x
Sun, 03 Oct 2021CA$331.7bCA$97.1bCA$12.5b9.3x26.6x3.4x
Price to Earnings Ratio

26.6x


Total Market Cap: CA$331.7bTotal Earnings: CA$12.5bTotal Revenue: CA$97.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 242.4x202220232024
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 3-year average PS ratio of 7.8x is higher than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • Total earnings for the Metals and Mining industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 2.6% per year.
  • This means that although more sales are being generated, 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 Market1.09%
Materials2.84%
Metals and Mining3.25%
Copper8.55%
Diversified Metals and Mining6.62%
Silver5.46%
Precious Metals and Minerals3.76%
Steel2.07%
Gold1.07%
Aluminum0%
Industry PE
  • Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 23.3x.
    • Analysts are expecting annual earnings growth of 29.3%, which is higher than its past year's earnings growth of 1.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 72% over the next 5 years.
  • However this is lower than its past earnings growth rate of 149% per year.
  • In contrast, the Steel industry is expected to see its earnings decline by 15% 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
TECK.B Teck ResourcesCA$68.186.3%
+CA$2.1b		24.3%PE24.2x
IVN Ivanhoe MinesCA$19.217.1%
+CA$1.7b		71.1%PE127.4x
WPM Wheaton Precious MetalsCA$86.553.6%
+CA$1.4b		59.3%PE51x
FNV Franco-NevadaCA$175.003.7%
+CA$1.2b		-1.7%PS22.2x
ABX Barrick GoldCA$27.932.1%
+CA$959.3m		41.2%PE24x
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Latest News

FM

CA$18.34

First Quantum Minerals

7D

5.6%

1Y

-39.6%

ABX

CA$27.93

Barrick Gold

7D

2.1%

1Y

41.2%

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Sep 24
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IBAT

CA$0.39

International Battery Metals

7D

-58.9%

1Y

-63.9%

SKE

CA$11.58

Skeena Resources

7D

-5.2%

1Y

88.0%

IVN

CA$19.21

Ivanhoe Mines

7D

7.1%

1Y

71.1%

BTO

CA$4.39

B2Gold

7D

-1.1%

1Y

12.3%

K

CA$13.15

Kinross Gold

7D

4.8%

1Y

113.1%

Estimating The Intrinsic Value Of Kinross Gold Corporation (TSE:K)

Sep 19
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IAU

CA$1.53

i-80 Gold

7D

-4.4%

1Y

-27.1%

WPM

CA$86.55

Wheaton Precious Metals

7D

3.6%

1Y

59.3%

HMR

CA$1.07

Homerun Resources

7D

-30.5%

1Y

33.8%

OGC

CA$3.90

OceanaGold

7D

-1.0%

1Y

47.2%

FNV

CA$175.00

Franco-Nevada

7D

3.7%

1Y

-1.7%

A Look At The Fair Value Of Franco-Nevada Corporation (TSE:FNV)

Sep 10
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LUN

CA$13.89

Lundin Mining

7D

9.6%

1Y

44.8%

TECK.B

CA$68.18

Teck Resources

7D

6.3%

1Y

24.3%

ARTG

CA$13.24

Artemis Gold

7D

-1.9%

1Y

138.1%

YRI

CA$7.88

Yamana Gold

7D

-1.7%

1Y

6.3%