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

UpdatedNov 04, 2025
DataAggregated Company Financials
Companies122
  • 7D1.1%
  • 3M25.3%
  • 1Y12.9%
  • YTD20.4%

Over the last 7 days, the Metals and Mining industry has risen 1.1%, driven by gains from Glencore of 2.6%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 04 Nov 2025UK£219.8bUK£250.9bUK£6.1b14.8x35.8x0.9x
Thu, 02 Oct 2025UK£210.6bUK£244.9bUK£6.0b14.9x35.2x0.9x
Sat, 30 Aug 2025UK£183.8bUK£244.1bUK£6.0b10.7x30.8x0.8x
Mon, 28 Jul 2025UK£183.2bUK£244.6bUK£5.9b8.8x30.9x0.7x
Wed, 25 Jun 2025UK£162.6bUK£241.3bUK£5.9b7.2x27.7x0.7x
Fri, 23 May 2025UK£172.3bUK£244.9bUK£6.0b8.7x28.6x0.7x
Sun, 20 Apr 2025UK£163.8bUK£247.2bUK£6.1b8.6x27x0.7x
Tue, 18 Mar 2025UK£185.7bUK£252.7bUK£6.2b8.9x29.9x0.7x
Thu, 13 Feb 2025UK£188.9bUK£262.4bUK£7.8b9.6x24.1x0.7x
Sat, 11 Jan 2025UK£186.1bUK£267.4bUK£8.0b9x23.3x0.7x
Mon, 09 Dec 2024UK£191.0bUK£256.4bUK£7.6b9.5x25x0.7x
Wed, 06 Nov 2024UK£198.2bUK£251.5bUK£7.5b10.8x26.3x0.8x
Fri, 04 Oct 2024UK£206.4bUK£249.7bUK£7.5b10.8x27.6x0.8x
Sun, 01 Sep 2024UK£188.6bUK£249.4bUK£7.4b11.6x25.4x0.8x
Tue, 30 Jul 2024UK£198.1bUK£246.6bUK£10.8b12.1x18.4x0.8x
Thu, 27 Jun 2024UK£210.3bUK£252.3bUK£12.5b12.5x16.8x0.8x
Sat, 25 May 2024UK£224.5bUK£250.1bUK£12.3b16.1x18.2x0.9x
Mon, 22 Apr 2024UK£212.6bUK£257.6bUK£12.7b13.9x16.7x0.8x
Wed, 20 Mar 2024UK£188.6bUK£250.7bUK£12.6b12.4x15x0.8x
Fri, 16 Feb 2024UK£188.7bUK£262.1bUK£18.0b11.4x10.5x0.7x
Sun, 14 Jan 2024UK£210.7bUK£303.6bUK£27.5b9.7x7.7x0.7x
Tue, 12 Dec 2023UK£208.2bUK£307.6bUK£27.8b9.1x7.5x0.7x
Thu, 09 Nov 2023UK£202.4bUK£312.9bUK£28.2b9.9x7.2x0.6x
Sat, 07 Oct 2023UK£202.3bUK£313.9bUK£28.2b9.6x7.2x0.6x
Mon, 04 Sep 2023UK£201.7bUK£307.0bUK£28.0b7.4x7.2x0.7x
Wed, 02 Aug 2023UK£214.1bUK£324.9bUK£33.7b7.8x6.4x0.7x
Fri, 30 Jun 2023UK£205.3bUK£332.2bUK£38.9b7.6x5.3x0.6x
Sun, 28 May 2023UK£202.9bUK£338.3bUK£39.5b7.8x5.1x0.6x
Tue, 25 Apr 2023UK£229.1bUK£335.8bUK£39.3b8.5x5.8x0.7x
Thu, 23 Mar 2023UK£219.7bUK£341.2bUK£39.9b8.5x5.5x0.6x
Sat, 18 Feb 2023UK£250.3bUK£353.9bUK£47.0b6.7x5.3x0.7x
Mon, 16 Jan 2023UK£264.7bUK£338.8bUK£45.0b7.5x5.9x0.8x
Wed, 14 Dec 2022UK£246.1bUK£335.5bUK£44.6b6.7x5.5x0.7x
Fri, 11 Nov 2022UK£228.1bUK£353.3bUK£46.8b6x4.9x0.6x
Price to Earnings Ratio

4.9x


Total Market Cap: UK£228.1bTotal Earnings: UK£46.8bTotal Revenue: UK£353.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Metals and Mining Industry Price to Earnings3Y Average 16.9x202320242025
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 35.8x which is higher than its 3-year average PE of 16.9x.
  • 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 11% 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 Market0.38%
Materials0.79%
Metals and Mining1.11%
Precious Metals and Minerals2.59%
Gold2.24%
Copper1.34%
Steel1.16%
Diversified Metals and Mining0.69%
Aluminum0%0
Silver0%0
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 16.7x.
    • Analysts are expecting annual earnings growth of 29.1%, 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 61% 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 14% 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
GLEN GlencoreUK£3.572.6%
+UK£1.1b		-12.3%PS0.2x
FRES FresnilloUK£22.044.9%
+UK£751.6m		205.5%PE46.8x
RIO Rio Tinto GroupUK£53.600.4%
+UK£341.2m		6.7%PE11.1x
ANTO AntofagastaUK£27.451.2%
+UK£315.5m		53.4%PE32.6x
PAF Pan African ResourcesUK£0.854.6%
+UK£75.0m		143.0%PE15.9x

Latest News

ANTO
UK£27.45
Antofagasta
7D
1.2%
1Y
53.4%

ANTO: Share Price Strength Will Face Pressure From Overextended Valuation This Year

Antofagasta's analyst price target has recently been lowered by a moderate margin, with new targets ranging from £24.00 to £34.00. Analysts cite updated valuation assumptions and evolving expectations for profit margins and growth rates.
RIO
UK£53.60
Rio Tinto Group
7D
0.4%
1Y
6.7%

RIO: Steady Copper And Iron Ore Outlook Will Offset Operational And Governance Risks

Rio Tinto Group’s analyst price target has been adjusted upward from £54.85 to £56.23. This reflects analysts’ expectations for steady fundamentals in light of recent incremental changes in revenue growth and profit margin forecasts.
GLEN
UK£3.57
Glencore
7D
2.6%
1Y
-12.3%

GLEN: Operational Delivery And Asset Quality Will Shape Near-Term Performance

Glencore's analyst price target has been raised, increasing from £3.93 to £4.00 per share. Analysts cite improved market outlook and expectations for operational delivery, despite a marginal downgrade in projected growth and profit margins.
HOC
UK£3.27
Hochschild Mining
7D
-0.7%
1Y
41.1%

HOC: Stronger Gold Price Outlook Will Drive Substantial Upside Through 2027

Hochschild Mining's analyst price target has increased substantially, rising from £3.70 to £6.10 per share. Analysts cite improved long-term gold price forecasts and expectations for stronger revenue growth and margins.
ATYM
UK£6.64
Atalaya Mining Copper
7D
2.9%
1Y
79.7%

ATYM: Dividend Increase And Rising Production Will Support Balanced Outlook

Analysts have raised their price target for Atalaya Mining Copper from €6.18 to €6.73 per share. This reflects updated expectations based on revised financial metrics.
FRES
UK£22.04
Fresnillo
7D
4.9%
1Y
205.5%
AAL
UK£27.99
Anglo American
7D
-1.2%
1Y
3.1%
KMR
UK£2.56
Kenmare Resources
7D
-4.1%
1Y
-26.0%
PAF
UK£0.85
Pan African Resources
7D
4.6%
1Y
143.0%

Is Pan African Resources (LON:PAF) Using Too Much Debt?

Oct 27
Is Pan African Resources (LON:PAF) Using Too Much Debt?
KEFI
UK£0.016
KEFI Gold and Copper
7D
21.4%
1Y
153.2%
GFM
UK£1.85
Griffin Mining
7D
-3.1%
1Y
27.6%
FXPO
UK£0.56
Ferrexpo
7D
-1.7%
1Y
-5.9%
SOLG
UK£0.18
SolGold
7D
8.3%
1Y
116.9%
EUA
UK£0.035
Eurasia Mining
7D
-11.4%
1Y
59.1%
CORA
UK£0.056
Cora Gold
7D
-37.8%
1Y
75.0%
KOD
UK£0.0026
Kodal Minerals
7D
-15.0%
1Y
-34.6%