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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedJun 25, 2024
DataAggregated Company Financials
Companies1234
  • 7D2.0%
  • 3M12.9%
  • 1Y7.6%
  • YTD14.0%

The Metals and Mining industry is up 2.0% in the last week, with First Quantum Minerals up 12%. During this same period, the Osisko Gold Royalties underperformed, falling 5.2%. This takes the industry's 12 month performance to a gain of 7.6%. Looking forward, earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Jun 2024CA$373.1bCA$104.7b-CA$567,392,883.8616.2x-657.5x3.6x
Thu, 23 May 2024CA$414.9bCA$104.8b-CA$924,439,122.2016.9x-448.9x4x
Sat, 20 Apr 2024CA$375.0bCA$103.8bCA$1.5b17.4x246.5x3.6x
Mon, 18 Mar 2024CA$334.0bCA$103.1bCA$1.4b13.4x244.9x3.2x
Wed, 14 Feb 2024CA$289.4bCA$100.7bCA$3.1b12.2x93.1x2.9x
Fri, 12 Jan 2024CA$335.9bCA$107.2bCA$1.7b12.4x193.4x3.1x
Sun, 10 Dec 2023CA$335.3bCA$108.3bCA$1.8b12.8x189.2x3.1x
Tue, 07 Nov 2023CA$335.3bCA$107.6bCA$1.8b13.6x184.3x3.1x
Thu, 05 Oct 2023CA$332.3bCA$106.1bCA$1.6b11.2x204.5x3.1x
Sat, 02 Sep 2023CA$366.4bCA$104.6bCA$1.7b11.3x212.7x3.5x
Mon, 31 Jul 2023CA$374.0bCA$102.0bCA$1.0b13.4x371.3x3.7x
Wed, 28 Jun 2023CA$355.9bCA$103.6bCA$2.3b12.6x152.3x3.4x
Fri, 26 May 2023CA$368.0bCA$106.0bCA$2.7b14.2x134.4x3.5x
Sun, 23 Apr 2023CA$395.2bCA$107.8bCA$5.2b13.7x75.7x3.7x
Tue, 21 Mar 2023CA$363.5bCA$108.6bCA$7.2b13x50.7x3.3x
Thu, 16 Feb 2023CA$348.8bCA$112.5bCA$9.7b12.6x35.8x3.1x
Sat, 14 Jan 2023CA$373.7bCA$113.3bCA$12.0b12.7x31.2x3.3x
Mon, 12 Dec 2022CA$342.6bCA$114.6bCA$12.2b11.2x28.2x3x
Wed, 09 Nov 2022CA$306.1bCA$114.4bCA$14.1b8.7x21.8x2.7x
Fri, 07 Oct 2022CA$313.1bCA$116.1bCA$16.3b9.6x19.2x2.7x
Sun, 04 Sep 2022CA$287.7bCA$112.1bCA$15.7b9.1x18.3x2.6x
Tue, 02 Aug 2022CA$296.3bCA$109.9bCA$16.1b9.3x18.4x2.7x
Thu, 30 Jun 2022CA$313.6bCA$107.0bCA$14.6b10.9x21.5x2.9x
Sat, 28 May 2022CA$366.0bCA$105.8bCA$14.4b11.5x25.4x3.5x
Mon, 25 Apr 2022CA$403.2bCA$100.7bCA$13.4b12x30.2x4x
Wed, 23 Mar 2022CA$430.1bCA$104.4bCA$14.0b11.4x30.7x4.1x
Fri, 18 Feb 2022CA$403.8bCA$102.2bCA$13.2b10.5x30.6x4x
Sun, 16 Jan 2022CA$369.5bCA$100.7bCA$12.7b10.2x29.2x3.7x
Tue, 14 Dec 2021CA$358.3bCA$102.4bCA$13.1b9.5x27.4x3.5x
Thu, 11 Nov 2021CA$378.0bCA$98.0bCA$12.1b11.2x31.2x3.9x
Sat, 09 Oct 2021CA$342.4bCA$95.8bCA$12.2b10x28x3.6x
Mon, 06 Sep 2021CA$372.3bCA$95.2bCA$12.3b11.5x30.3x3.9x
Wed, 04 Aug 2021CA$371.3bCA$95.4bCA$12.5b12x29.7x3.9x
Price to Earnings Ratio

29.1x


Total Market Cap: CA$364.4bTotal Earnings: CA$12.5bTotal Revenue: CA$95.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 397x202220232024
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 7.9x is higher than the industry's current PS ratio of 3.6x.
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 3.2% 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 Market1.20%
Materials1.92%
Metals and Mining2.03%
Copper8.60%
Gold1.66%
Precious Metals and Minerals0.95%
Diversified Metals and Mining0.80%
Silver0.75%
Aluminum0%
Steel-0.47%
Industry PE
  • Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 11.7x.
    • Analysts are expecting annual earnings growth of 32.1%, which is higher than its past year's earnings growth of 5.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 67% over the next 5 years.
  • This is better than its past earnings decline of 17% per year.
  • In contrast, the Precious Metals and Minerals industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FM First Quantum MineralsCA$18.1812.3%
+CA$1.6b		-42.7%PS1.9x
ABX Barrick GoldCA$22.833.1%
+CA$1.2b		4.8%PE20.3x
CS Capstone CopperCA$9.9412.6%
+CA$836.6m		69.3%PS4.1x
IVN Ivanhoe MinesCA$18.043.5%
+CA$501.3m		43.9%PE100.5x
FNV Franco-NevadaCA$161.751.5%
+CA$471.2m		-11.7%PS19x
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Latest News

AYA

CA$12.89

Aya Gold & Silver

7D

-6.9%

1Y

53.5%

PMET

CA$5.00

Patriot Battery Metals

7D

-14.7%

1Y

-69.2%

VGCX

CA$1.36

Victoria Gold

7D

-81.9%

1Y

-82.1%

ABX

CA$22.66

Barrick Gold

7D

0.6%

1Y

3.4%

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ERO

CA$28.76

Ero Copper

7D

3.5%

1Y

6.3%

OR

CA$21.14

Osisko Gold Royalties

7D

-6.8%

1Y

6.0%

WPM

CA$72.74

Wheaton Precious Metals

7D

0.6%

1Y

28.5%

NG

CA$4.83

NovaGold Resources

7D

9.0%

1Y

-19.2%

IVN

CA$17.60

Ivanhoe Mines

7D

0.2%

1Y

39.7%

PAAS

CA$27.01

Pan American Silver

7D

-1.2%

1Y

42.7%

FM

CA$18.29

First Quantum Minerals

7D

9.6%

1Y

-41.2%

LUN

CA$14.68

Lundin Mining

7D

1.5%

1Y

42.0%

FNV

CA$161.04

Franco-Nevada

7D

1.0%

1Y

-11.9%

K

CA$10.43

Kinross Gold

7D

1.2%

1Y

71.0%

PPTA

CA$7.63

Perpetua Resources

7D

-19.0%

1Y

57.3%

YRI

CA$7.88

Yamana Gold

7D

-1.7%

1Y

6.3%