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Aug 09
Canadian (TSX) Metals and Mining Industry Analysis
UpdatedAug 10, 2024
DataAggregated Company Financials
Companies1227
- 7D-3.6%
- 3M-6.6%
- 1Y2.0%
- YTD11.8%
Over the last 7 days, the Metals and Mining industry has dropped 3.6%, and Barrick Gold contributed the most with a 3.7% decline. On the other hand IAMGOLD is actually up 9.3%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 31% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 10 Aug 2024 | CA$369.7b | CA$105.7b | -CA$684,380,505.45 | 14.7x | -540.2x | 3.5x |
| Mon, 08 Jul 2024 | CA$394.5b | CA$104.5b | -CA$548,601,998.17 | 15.7x | -719.2x | 3.8x |
| Wed, 05 Jun 2024 | CA$395.0b | CA$104.7b | -CA$588,859,774.74 | 15.4x | -670.8x | 3.8x |
| Fri, 03 May 2024 | CA$373.8b | CA$103.3b | CA$73.9m | 17x | 5058.5x | 3.6x |
| Sun, 31 Mar 2024 | CA$345.9b | CA$102.5b | CA$1.6b | 14.3x | 221.6x | 3.4x |
| Tue, 27 Feb 2024 | CA$291.7b | CA$102.4b | CA$2.8b | 13.8x | 103.5x | 2.8x |
| Thu, 25 Jan 2024 | CA$331.0b | CA$108.0b | CA$1.8b | 12.7x | 186.8x | 3.1x |
| Sat, 23 Dec 2023 | CA$349.1b | CA$106.4b | CA$1.7b | 13.8x | 205.8x | 3.3x |
| Mon, 20 Nov 2023 | CA$327.1b | CA$109.0b | CA$1.7b | 12.1x | 193.3x | 3x |
| Wed, 18 Oct 2023 | CA$352.1b | CA$105.8b | CA$1.5b | 11.6x | 227.7x | 3.3x |
| Fri, 15 Sep 2023 | CA$355.2b | CA$104.1b | CA$1.7b | 11.3x | 206.6x | 3.4x |
| Sun, 13 Aug 2023 | CA$366.8b | CA$104.0b | CA$1.4b | 11x | 257.7x | 3.5x |
| Tue, 11 Jul 2023 | CA$361.8b | CA$104.1b | CA$2.5b | 12.2x | 146.5x | 3.5x |
| Thu, 08 Jun 2023 | CA$371.3b | CA$104.5b | CA$2.6b | 13.2x | 144.7x | 3.6x |
| Sat, 06 May 2023 | CA$407.4b | CA$104.6b | CA$3.4b | 18.6x | 119.6x | 3.9x |
| Mon, 03 Apr 2023 | CA$376.0b | CA$107.6b | CA$5.1b | 13.9x | 73.1x | 3.5x |
| Wed, 01 Mar 2023 | CA$346.8b | CA$108.6b | CA$8.1b | 14.2x | 42.7x | 3.2x |
| Fri, 27 Jan 2023 | CA$376.8b | CA$112.9b | CA$12.0b | 12.9x | 31.5x | 3.3x |
| Sun, 25 Dec 2022 | CA$340.9b | CA$114.5b | CA$12.1b | 11.4x | 28.2x | 3x |
| Tue, 22 Nov 2022 | CA$318.9b | CA$113.5b | CA$12.1b | 10.3x | 26.3x | 2.8x |
| Thu, 20 Oct 2022 | CA$288.0b | CA$116.5b | CA$16.4b | 8.4x | 17.6x | 2.5x |
| Sat, 17 Sep 2022 | CA$293.4b | CA$113.3b | CA$15.8b | 9.3x | 18.5x | 2.6x |
| Mon, 15 Aug 2022 | CA$310.8b | CA$109.9b | CA$15.2b | 10.1x | 20.4x | 2.8x |
| Wed, 13 Jul 2022 | CA$283.9b | CA$107.7b | CA$14.7b | 9.3x | 19.3x | 2.6x |
| Fri, 10 Jun 2022 | CA$358.2b | CA$105.5b | CA$14.4b | 12.3x | 24.9x | 3.4x |
| Sun, 08 May 2022 | CA$379.6b | CA$105.9b | CA$14.2b | 11.5x | 26.8x | 3.6x |
| Tue, 05 Apr 2022 | CA$429.7b | CA$100.1b | CA$13.2b | 12.5x | 32.5x | 4.3x |
| Thu, 03 Mar 2022 | CA$413.4b | CA$104.1b | CA$14.1b | 11.6x | 29.3x | 4x |
| Sat, 29 Jan 2022 | CA$354.3b | CA$102.1b | CA$12.9b | 9.6x | 27.5x | 3.5x |
| Mon, 27 Dec 2021 | CA$370.9b | CA$102.4b | CA$12.9b | 10x | 28.7x | 3.6x |
| Wed, 24 Nov 2021 | CA$382.8b | CA$101.6b | CA$13.1b | 10.3x | 29.3x | 3.8x |
| Fri, 22 Oct 2021 | CA$368.6b | CA$95.0b | CA$12.1b | 10.7x | 30.6x | 3.9x |
| Sun, 19 Sep 2021 | CA$347.3b | CA$97.5b | CA$12.7b | 10.4x | 27.3x | 3.6x |
| Tue, 17 Aug 2021 | CA$352.1b | CA$95.4b | CA$12.5b | 11.1x | 28.1x | 3.7x |
Price to Earnings Ratio
28.1x
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 3.5x.
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 3.5% 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 Market | -0.42% | |
| Materials | -3.44% | |
| Metals and Mining | -3.62% | |
| Aluminum | 0% | |
| Diversified Metals and Mining | -1.99% | |
| Copper | -2.30% | |
| Steel | -2.40% | |
| Gold | -4.03% | |
| Precious Metals and Minerals | -7.52% | |
| Silver | -7.56% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 17.1x.
- Analysts expect its future annual earnings growth (32.5%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 62% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Steel industry is expected to see its earnings decline by 14% 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 | |
|---|---|---|---|---|---|
| IMG IAMGOLD | CA$5.86 | 9.3% +CA$828.1m | 87.8% | PE21.9x | |
| DPM Dundee Precious Metals | CA$12.32 | 5.5% +CA$115.0m | 43.8% | PE8.1x | |
| TXG Torex Gold Resources | CA$21.60 | 4.3% +CA$76.5m | 40.0% | PE12.8x | |
| PMET Patriot Battery Metals | CA$4.66 | 13.1% +CA$76.2m | -61.2% | PE252.4x | |
| FIL Filo | CA$31.04 | -1.1% CA$62.2m | 32.6% | PB63.4x |
