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Canadian (TSX) Metals and Mining Industry Analysis

UpdatedAug 25, 2024
DataAggregated Company Financials
Companies1231
  • 7D2.5%
  • 3M1.1%
  • 1Y17.4%
  • YTD23.6%

Over the last 7 days, the Metals and Mining industry has risen 2.5%, driven by gains from Ivanhoe Mines of 8.2%. This means that the industry has gained 17% over the past year. 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
Sun, 25 Aug 2024CA$410.3bCA$105.3b-CA$589,764,066.8015.7x-695.6x3.9x
Tue, 23 Jul 2024CA$397.5bCA$104.7b-CA$23,225,727.8116.2x-17113.9x3.8x
Thu, 20 Jun 2024CA$372.5bCA$105.0b-CA$558,887,044.9215.7x-666.5x3.5x
Sat, 18 May 2024CA$396.9bCA$104.6b-CA$783,100,515.4218x-506.8x3.8x
Mon, 15 Apr 2024CA$375.2bCA$103.9bCA$1.5b18.3x248.5x3.6x
Wed, 13 Mar 2024CA$322.5bCA$102.6bCA$1.3b14.5x255.3x3.1x
Fri, 09 Feb 2024CA$302.1bCA$100.0bCA$3.1b12.4x98.2x3x
Sun, 07 Jan 2024CA$340.5bCA$107.0bCA$1.7b13.3x197.1x3.2x
Tue, 05 Dec 2023CA$346.9bCA$108.0bCA$1.8b13.3x198.2x3.2x
Thu, 02 Nov 2023CA$325.9bCA$107.3bCA$1.5b12x213x3x
Sat, 30 Sep 2023CA$338.0bCA$105.5bCA$1.6b11.1x214.7x3.2x
Mon, 28 Aug 2023CA$354.4bCA$104.6bCA$1.4b11.1x245.5x3.4x
Wed, 26 Jul 2023CA$377.9bCA$103.6bCA$2.4b12.7x155.7x3.6x
Fri, 23 Jun 2023CA$357.4bCA$103.4bCA$2.4b12.5x150.8x3.5x
Sun, 21 May 2023CA$381.7bCA$105.5bCA$2.7b14.5x139.8x3.6x
Tue, 18 Apr 2023CA$403.9bCA$107.0bCA$5.2b13.7x78x3.8x
Thu, 16 Mar 2023CA$345.2bCA$109.0bCA$7.5b13.6x46.1x3.2x
Sat, 11 Feb 2023CA$351.3bCA$113.0bCA$11.9b12.9x29.5x3.1x
Mon, 09 Jan 2023CA$360.4bCA$113.6bCA$12.0b12.2x30x3.2x
Wed, 07 Dec 2022CA$340.0bCA$114.7bCA$12.2b10.9x27.9x3x
Fri, 04 Nov 2022CA$289.9bCA$116.0bCA$14.2b8.1x20.4x2.5x
Sun, 02 Oct 2022CA$299.7bCA$116.2bCA$16.3b9.2x18.3x2.6x
Tue, 30 Aug 2022CA$298.4bCA$111.2bCA$15.7b9.1x19x2.7x
Thu, 28 Jul 2022CA$283.7bCA$106.9bCA$14.5b9.2x19.5x2.7x
Sat, 25 Jun 2022CA$315.7bCA$107.2bCA$14.6b11x21.6x2.9x
Mon, 23 May 2022CA$361.7bCA$106.3bCA$14.5b11x24.9x3.4x
Wed, 20 Apr 2022CA$433.5bCA$100.2bCA$13.3b11.9x32.6x4.3x
Fri, 18 Mar 2022CA$421.9bCA$104.4bCA$14.4b11.5x29.4x4x
Sun, 13 Feb 2022CA$391.4bCA$101.6bCA$12.8b10.9x30.6x3.9x
Tue, 11 Jan 2022CA$363.9bCA$101.5bCA$12.8b10.2x28.5x3.6x
Thu, 09 Dec 2021CA$365.3bCA$101.2bCA$12.9b9.5x28.3x3.6x
Sat, 06 Nov 2021CA$366.2bCA$97.9bCA$12.3b11x29.8x3.7x
Mon, 04 Oct 2021CA$331.7bCA$97.1bCA$12.5b9.5x26.6x3.4x
Wed, 01 Sep 2021CA$355.9bCA$95.4bCA$12.5b12.1x28.4x3.7x
Price to Earnings Ratio

28.4x


Total Market Cap: CA$355.9bTotal Earnings: CA$12.5bTotal Revenue: CA$95.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 261.4x202220232024
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 3.9x.
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 3.4% 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 Market0.92%
Materials2.30%
Metals and Mining2.50%
Copper5.15%
Silver3.44%
Diversified Metals and Mining2.64%
Precious Metals and Minerals2.10%
Gold2.06%
Aluminum0%
Steel-1.16%
Industry PE
  • Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 19.0x.
    • Analysts are expecting annual earnings growth of 31.6%, which is higher than its past year's earnings growth of 16.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 67% 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
IVN Ivanhoe MinesCA$18.658.2%
+CA$1.9b		59.9%PE123.3x
WPM Wheaton Precious MetalsCA$83.913.8%
+CA$1.4b		46.6%PE49.3x
ABX Barrick GoldCA$27.712.7%
+CA$1.3b		28.0%PE23.8x
LUN Lundin MiningCA$13.968.6%
+CA$854.5m		39.9%PE46.9x
FM First Quantum MineralsCA$17.304.1%
+CA$564.2m		-48.2%PS1.9x
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Latest News

LUN

CA$13.96

Lundin Mining

7D

8.6%

1Y

39.9%

ABX

CA$27.71

Barrick Gold

7D

2.7%

1Y

28.0%

Barrick Gold's (TSE:ABX) Earnings Are Of Questionable Quality

Aug 22
Barrick Gold's (TSE:ABX) Earnings Are Of Questionable Quality

LUG

CA$27.65

Lundin Gold

7D

6.5%

1Y

72.0%

K

CA$12.37

Kinross Gold

7D

-1.5%

1Y

88.9%

WDO

CA$13.37

Wesdome Gold Mines

7D

-3.9%

1Y

72.3%

Analysts Have Made A Financial Statement On Wesdome Gold Mines Ltd.'s (TSE:WDO) Second-Quarter Report

Aug 17
Analysts Have Made A Financial Statement On Wesdome Gold Mines Ltd.'s (TSE:WDO) Second-Quarter Report

GMIN

CA$8.36

G Mining Ventures

7D

-5.4%

1Y

64.6%

KNT

CA$7.55

K92 Mining

7D

-3.7%

1Y

21.0%

WPM

CA$83.91

Wheaton Precious Metals

7D

3.8%

1Y

46.6%

SKE

CA$10.70

Skeena Resources

7D

-6.8%

1Y

68.5%

PAAS

CA$28.79

Pan American Silver

7D

3.1%

1Y

34.8%

IVN

CA$18.65

Ivanhoe Mines

7D

8.2%

1Y

59.9%

EDV

CA$29.30

Endeavour Mining

7D

5.4%

1Y

3.2%

TECK.B

CA$66.07

Teck Resources

7D

-0.9%

1Y

21.5%

NG

CA$5.98

NovaGold Resources

7D

-4.6%

1Y

10.1%

FM

CA$17.30

First Quantum Minerals

7D

4.1%

1Y

-48.2%

YRI

CA$7.88

Yamana Gold

7D

-1.7%

1Y

6.3%