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U.K. (FTSE) Metals and Mining Industry Analysis

UpdatedDec 12, 2025
DataAggregated Company Financials
Companies122
  • 7D1.5%
  • 3M24.2%
  • 1Y24.5%
  • YTD30.6%

Over the last 7 days, the Metals and Mining industry has remained flat, although notably Rio Tinto Group gained 3.5%. The past year has been better, since the industry has gained 21% in that time. Earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

Has the U.K. Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Dec 2025UK£238.1bUK£245.8bUK£6.0b17.4x39.7x1x
Sun, 09 Nov 2025UK£216.5bUK£250.7bUK£6.1b14.8x35.3x0.9x
Tue, 07 Oct 2025UK£214.4bUK£244.8bUK£6.0b15.2x35.8x0.9x
Thu, 04 Sep 2025UK£186.0bUK£245.4bUK£6.0b11.7x31.2x0.8x
Sat, 02 Aug 2025UK£173.7bUK£247.4bUK£6.2b9.4x28.1x0.7x
Mon, 30 Jun 2025UK£168.0bUK£239.8bUK£5.8b8.3x28.8x0.7x
Wed, 28 May 2025UK£173.4bUK£243.3bUK£5.9b10.1x29.3x0.7x
Fri, 25 Apr 2025UK£171.1bUK£246.3bUK£6.0b8.9x28.4x0.7x
Sun, 23 Mar 2025UK£179.3bUK£254.2bUK£6.3b8.6x28.6x0.7x
Tue, 18 Feb 2025UK£192.4bUK£259.0bUK£7.7b9.7x25x0.7x
Thu, 16 Jan 2025UK£189.5bUK£267.4bUK£8.0b9.3x23.8x0.7x
Sat, 14 Dec 2024UK£189.5bUK£258.7bUK£7.7b9.3x24.6x0.7x
Mon, 11 Nov 2024UK£194.5bUK£253.5bUK£7.6b10.3x25.6x0.8x
Wed, 09 Oct 2024UK£197.7bUK£250.1bUK£7.5b10.7x26.4x0.8x
Fri, 06 Sep 2024UK£179.3bUK£248.7bUK£7.5b10.3x24x0.7x
Sun, 04 Aug 2024UK£193.5bUK£248.0bUK£11.4b11.6x17x0.8x
Tue, 02 Jul 2024UK£209.6bUK£251.8bUK£12.5b12.9x16.8x0.8x
Thu, 30 May 2024UK£219.7bUK£250.6bUK£12.3b15.8x17.8x0.9x
Sat, 27 Apr 2024UK£219.2bUK£255.0bUK£12.6b14.4x17.4x0.9x
Mon, 25 Mar 2024UK£193.3bUK£253.2bUK£12.6b12.5x15.3x0.8x
Wed, 21 Feb 2024UK£187.7bUK£261.6bUK£17.9b11x10.5x0.7x
Fri, 19 Jan 2024UK£204.0bUK£304.5bUK£27.6b9.7x7.4x0.7x
Sun, 17 Dec 2023UK£216.1bUK£305.0bUK£27.6b9.7x7.8x0.7x
Tue, 14 Nov 2023UK£203.1bUK£313.6bUK£28.2b9.8x7.2x0.6x
Thu, 12 Oct 2023UK£207.2bUK£312.8bUK£28.2b9.7x7.4x0.7x
Sat, 09 Sep 2023UK£197.7bUK£309.2bUK£28.0b7.3x7.1x0.6x
Mon, 07 Aug 2023UK£210.0bUK£324.6bUK£33.6b7.5x6.3x0.6x
Wed, 05 Jul 2023UK£210.8bUK£329.9bUK£38.6b7.4x5.5x0.6x
Fri, 02 Jun 2023UK£201.4bUK£334.0bUK£39.0b7.9x5.2x0.6x
Sun, 30 Apr 2023UK£214.9bUK£333.2bUK£39.0b9.1x5.5x0.6x
Tue, 28 Mar 2023UK£220.6bUK£340.1bUK£39.8b8.4x5.5x0.6x
Thu, 23 Feb 2023UK£244.4bUK£352.1bUK£47.3b6.7x5.2x0.7x
Sat, 21 Jan 2023UK£266.8bUK£335.5bUK£44.6b7x6x0.8x
Mon, 19 Dec 2022UK£241.2bUK£340.5bUK£45.2b6.5x5.3x0.7x
Price to Earnings Ratio

5.3x


Total Market Cap: UK£241.2bTotal Earnings: UK£45.2bTotal Revenue: UK£340.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Metals and Mining Industry Price to Earnings3Y Average 17.9x202320242025
Current Industry PE
  • Investors are optimistic on the British Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.9x which is higher than its 3-year average PE of 17.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 49% per year over the last three years,
  • Revenues have also declined 10% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Materials industry?

GB Market-0.35%
Materials1.47%
Metals and Mining1.51%
Gold3.76%
Precious Metals and Minerals2.45%
Diversified Metals and Mining1.49%
Aluminum0%0
Silver0%0
Copper-0.74%
Steel-0.94%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 17.7x.
    • Analysts are expecting annual earnings growth of 29.2%, which is higher than its past year's earnings decline of 12.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 55% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Copper industry is expected to see its earnings grow by 13% 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
RIO Rio Tinto GroupUK£56.853.5%
+UK£3.1b		13.7%PE12.1x
FRES FresnilloUK£28.584.9%
+UK£987.4m		320.6%PE62x
HOC Hochschild MiningUK£4.445.0%
+UK£109.1m		96.5%PE20.7x
PAF Pan African ResourcesUK£1.112.6%
+UK£56.8m		195.3%PE21.3x
ALTN AltynGoldUK£11.6013.7%
+UK£38.3m		472.8%PE9.4x

Latest News

ALTN
UK£11.60
AltynGold
7D
13.7%
1Y
472.8%

Here's Why We Think AltynGold (LON:ALTN) Is Well Worth Watching

Dec 12
Here's Why We Think AltynGold (LON:ALTN) Is Well Worth Watching
GLEN
UK£3.83
Glencore
7D
0.03%
1Y
1.3%
HILS
UK£21.90
Hill & Smith
7D
-3.3%
1Y
9.7%

Hill & Smith PLC's (LON:HILS) Business Is Trailing The Market But Its Shares Aren't

Dec 11
Hill & Smith PLC's (LON:HILS) Business Is Trailing The Market But Its Shares Aren't
PAF
UK£1.11
Pan African Resources
7D
2.6%
1Y
195.3%
ATYM
UK£7.74
Atalaya Mining Copper
7D
2.0%
1Y
109.8%

A Piece Of The Puzzle Missing From Atalaya Mining Copper, S.A.'s (LON:ATYM) Share Price

Dec 10
A Piece Of The Puzzle Missing From Atalaya Mining Copper, S.A.'s (LON:ATYM) Share Price
AAL
UK£28.97
Anglo American
7D
-1.8%
1Y
1.1%

AAL: Iron Ore Outlook And Merger Decisions Will Shape Future Risk Reward Balance

The analyst price target for Anglo American has been raised to approximately $29.54 from about $29.18. This reflects analysts' more constructive view on long term iron ore demand and supply dynamics, despite slightly higher discount rates and some pressure on forecast margins.
FRES
UK£28.58
Fresnillo
7D
4.9%
1Y
320.6%

FRES: Elevated Gold Price Assumptions Will Likely Expose Downside If Metals Normalize

Our analyst price target for Fresnillo has been raised in line with the Street, which has lifted targets as high as 4,300 GBp per share. This reflects analysts' increasingly optimistic assumptions for revenue growth, margins, and long term precious metal pricing.
RIO
UK£56.85
Rio Tinto Group
7D
3.5%
1Y
13.7%
ANTO
UK£29.63
Antofagasta
7D
-0.6%
1Y
74.0%

Antofagasta (LON:ANTO) Is Experiencing Growth In Returns On Capital

Dec 04
Antofagasta (LON:ANTO) Is Experiencing Growth In Returns On Capital
SOLG
UK£0.28
SolGold
7D
-9.5%
1Y
261.5%
HOC
UK£4.44
Hochschild Mining
7D
5.0%
1Y
96.5%

HOC: Substantially Higher Gold Prices Will Drive Over 50% Upside Potential

Analysts have increased their price target for Hochschild Mining, raising it from £3.70 to £6.10 per share. They cite a substantially improved outlook for gold prices and sustained optimism in the sector.
CAPD
UK£1.12
Capital
7D
-6.3%
1Y
31.2%

CAPD: Equity Offering And Revenue Outlook Are Expected To Drive Shares Higher

Analysts have modestly increased their price target for Capital. The fair value has been raised from $1.74 to $1.75 per share, citing higher projected revenue growth that outweighs a slight decline in profit margin expectations.
ALL
UK£0.068
Atlantic Lithium
7D
-28.4%
1Y
-46.7%
AAZ
UK£2.25
Anglo Asian Mining
7D
-6.3%
1Y
114.3%
FXPO
UK£0.71
Ferrexpo
7D
8.6%
1Y
-35.4%
PRE
UK£0.93
Pensana
7D
-8.0%
1Y
266.3%

Here's Why Pensana (LON:PRE) Can Afford Some Debt

Oct 17
Here's Why Pensana (LON:PRE) Can Afford Some Debt