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

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies122
  • 7D-3.0%
  • 3M21.7%
  • 1Y16.6%
  • YTD19.9%

Over the last 7 days, the Metals and Mining industry has dropped 3.0%, driven by Glencore declining 5.0%. This takes the industry's 12 month performance to a gain of 17%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025UK£218.2bUK£252.3bUK£6.2b14.4x35.4x0.9x
Sun, 19 Oct 2025UK£215.2bUK£245.6bUK£6.0b15.3x35.9x0.9x
Tue, 16 Sep 2025UK£193.7bUK£242.5bUK£5.9b11.7x32.9x0.8x
Thu, 14 Aug 2025UK£182.3bUK£242.3bUK£5.8b10.6x31.5x0.8x
Sat, 12 Jul 2025UK£175.6bUK£242.1bUK£5.9b8.5x30x0.7x
Mon, 09 Jun 2025UK£174.4bUK£242.9bUK£5.9b9.6x29.4x0.7x
Wed, 07 May 2025UK£167.4bUK£245.6bUK£6.0b8.4x27.8x0.7x
Fri, 04 Apr 2025UK£164.3bUK£251.1bUK£6.1b8.3x26.7x0.7x
Sun, 02 Mar 2025UK£179.5bUK£260.3bUK£6.4b8.9x28.1x0.7x
Tue, 28 Jan 2025UK£192.5bUK£261.8bUK£7.8b9.4x24.7x0.7x
Thu, 26 Dec 2024UK£181.8bUK£260.2bUK£7.8b9.4x23.4x0.7x
Sat, 23 Nov 2024UK£191.3bUK£261.7bUK£7.8b10.3x24.4x0.7x
Mon, 21 Oct 2024UK£197.7bUK£251.2bUK£7.5b10.7x26.3x0.8x
Wed, 18 Sep 2024UK£184.7bUK£248.9bUK£7.5b10.9x24.7x0.7x
Fri, 16 Aug 2024UK£188.7bUK£254.6bUK£7.6b11.4x24.9x0.7x
Sun, 14 Jul 2024UK£213.1bUK£245.2bUK£12.2b13.4x17.5x0.9x
Tue, 11 Jun 2024UK£212.4bUK£250.3bUK£12.4b14.7x17.2x0.8x
Thu, 09 May 2024UK£218.6bUK£255.1bUK£12.6b15.6x17.4x0.9x
Sat, 06 Apr 2024UK£201.5bUK£252.4bUK£12.6b14.1x16x0.8x
Mon, 04 Mar 2024UK£185.7bUK£251.8bUK£12.6b10.9x14.7x0.7x
Wed, 31 Jan 2024UK£209.4bUK£304.6bUK£27.6b9.2x7.6x0.7x
Fri, 29 Dec 2023UK£223.5bUK£303.7bUK£27.5b10x8.1x0.7x
Sun, 26 Nov 2023UK£212.8bUK£306.4bUK£27.7b10.6x7.7x0.7x
Tue, 24 Oct 2023UK£196.0bUK£314.1bUK£28.2b9.9x6.9x0.6x
Thu, 21 Sep 2023UK£213.3bUK£310.9bUK£28.1b7.5x7.6x0.7x
Sat, 19 Aug 2023UK£190.3bUK£303.5bUK£27.7b7.1x6.9x0.6x
Mon, 17 Jul 2023UK£215.0bUK£321.6bUK£37.8b7.5x5.7x0.7x
Wed, 14 Jun 2023UK£215.8bUK£332.3bUK£38.9b7.7x5.6x0.6x
Fri, 12 May 2023UK£205.0bUK£334.8bUK£39.1b8x5.2x0.6x
Sun, 09 Apr 2023UK£220.4bUK£336.7bUK£39.4b8.7x5.6x0.7x
Tue, 07 Mar 2023UK£243.4bUK£346.3bUK£40.9b7.4x6x0.7x
Thu, 02 Feb 2023UK£259.5bUK£337.1bUK£44.8b7x5.8x0.8x
Sat, 31 Dec 2022UK£250.4bUK£343.6bUK£45.6b7.3x5.5x0.7x
Mon, 28 Nov 2022UK£240.1bUK£342.4bUK£45.5b6.6x5.3x0.7x
Price to Earnings Ratio

5.3x


Total Market Cap: UK£240.1bTotal Earnings: UK£45.5bTotal Revenue: UK£342.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Metals and Mining Industry Price to Earnings3Y Average 17.3x202320242025
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 35.3x which is higher than its 3-year average PE of 17.3x.
  • 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 9.8% 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-3.90%
Materials-3.05%
Metals and Mining-3.03%
Aluminum0%0
Silver0%0
Steel-0.62%
Precious Metals and Minerals-0.99%
Gold-1.66%
Diversified Metals and Mining-3.23%
Copper-5.73%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 17.2x.
    • Analysts are expecting annual earnings growth of 27.3%, 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 64% over the next 5 years.
  • This is better than its past earnings growth rate of 53% per year.
  • In contrast, the Copper industry is expected to see its earnings grow by 12% 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
ALL Atlantic LithiumUK£0.1233.3%
+UK£20.9m		-2.1%PS243.6x
KOD Kodal MineralsUK£0.003432.7%
+UK£17.2m		7.8%PB1.5x
FXPO FerrexpoUK£0.535.1%
+UK£15.3m		-30.2%PS0.5x
ZIOC Zanaga Iron OreUK£0.08618.5%
+UK£11.2m		126.3%PB1x
FAR Ferro-Alloy ResourcesUK£0.08828.3%
+UK£10.4m		36.2%PS12x

Latest News

KOD
UK£0.0034
Kodal Minerals
7D
32.7%
1Y
7.8%
PAF
UK£0.94
Pan African Resources
7D
-3.0%
1Y
157.8%
FRES
UK£23.38
Fresnillo
7D
-3.0%
1Y
261.1%

Here's Why We Think Fresnillo (LON:FRES) Is Well Worth Watching

Nov 20
Here's Why We Think Fresnillo (LON:FRES) Is Well Worth Watching
RIO
UK£53.37
Rio Tinto Group
7D
-1.4%
1Y
8.4%

RIO: Upcoming Board Decisions And Mineral Trade Shifts Will Shape Outlook

Rio Tinto Group's analyst price target has been increased from £56.23 to £56.84, as analysts point to improved revenue growth estimates. Recent upward revisions from major firms also support a slightly stronger outlook for the stock.
GLEN
UK£3.49
Glencore
7D
-6.4%
1Y
-8.5%

Calculating The Fair Value Of Glencore plc (LON:GLEN)

Nov 19
Calculating The Fair Value Of Glencore plc (LON:GLEN)
MTL
UK£0.12
Metals Exploration
7D
-7.2%
1Y
103.5%
ANTO
UK£26.47
Antofagasta
7D
-5.3%
1Y
56.7%

ANTO: Future Copper Output And Earnings Momentum Will Be Closely Watched

Antofagasta's analyst price target has been revised downward from £24.79 to £25.84 per share. This change reflects a more cautious outlook from analysts amid recent reductions in growth and profitability expectations.
ZIOC
UK£0.086
Zanaga Iron Ore
7D
18.5%
1Y
126.3%

We Think Zanaga Iron Ore (LON:ZIOC) Needs To Drive Business Growth Carefully

Nov 18
We Think Zanaga Iron Ore (LON:ZIOC) Needs To Drive Business Growth Carefully
ALL
UK£0.12
Atlantic Lithium
7D
33.3%
1Y
-2.1%
HOC
UK£3.65
Hochschild Mining
7D
-5.1%
1Y
61.5%

HOC: Long-Term Gold Forecasts Will Drive Substantial Upside Through 2027

Hochschild Mining’s analyst price target has risen significantly, with new targets ranging from 350 GBp to 610 GBp. Analysts cite stronger long-term gold forecasts and improved sector upside potential. Analyst Commentary Recent analyst activity reflects a mix of optimism and caution regarding Hochschild Mining's valuation and outlook.
FXPO
UK£0.53
Ferrexpo
7D
5.1%
1Y
-30.2%
FAR
UK£0.088
Ferro-Alloy Resources
7D
28.3%
1Y
36.2%
SOLG
UK£0.20
SolGold
7D
1.3%
1Y
159.6%
RBW
UK£0.21
Rainbow Rare Earths
7D
8.2%
1Y
90.9%
AAL
UK£27.36
Anglo American
7D
-4.4%
1Y
2.5%

AAL: Sector Consolidation And Resource Demand Will Shape Outlook Following Major Merger

Analysts have raised their price target for Anglo American from approximately $28.36 to $29.48. They cite improved sentiment on future iron ore demand and ongoing sector consolidation as key drivers for the upward revision.
EUA
UK£0.04
Eurasia Mining
7D
8.1%
1Y
95.1%