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

UpdatedDec 05, 2025
DataAggregated Company Financials
Companies122
  • 7D5.2%
  • 3M25.5%
  • 1Y23.1%
  • YTD28.6%

Over the last 7 days, the Metals and Mining industry has risen 4.0%, driven by gains in Glencore and Antofagasta of 7.3% and 11%, respectively. In the same time, Ferrexpo was down 8.6%. This takes the industry's 12 month performance to a gain of 22%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Dec 2025UK£235.5bUK£247.1bUK£6.0b17.4x39x1x
Sun, 02 Nov 2025UK£223.9bUK£251.2bUK£6.2b14.9x36.4x0.9x
Tue, 30 Sep 2025UK£211.3bUK£245.7bUK£6.0b14.8x35.3x0.9x
Thu, 28 Aug 2025UK£181.8bUK£244.4bUK£6.0b10.3x30.4x0.7x
Sat, 26 Jul 2025UK£183.2bUK£244.6bUK£5.9b8.8x30.9x0.7x
Mon, 23 Jun 2025UK£164.2bUK£244.4bUK£6.0b7.6x27.5x0.7x
Wed, 21 May 2025UK£173.5bUK£245.4bUK£6.0b8.8x28.7x0.7x
Fri, 18 Apr 2025UK£163.8bUK£247.7bUK£6.1b8.6x27x0.7x
Sun, 16 Mar 2025UK£183.4bUK£253.8bUK£6.2b8.8x29.4x0.7x
Tue, 11 Feb 2025UK£192.9bUK£263.8bUK£7.9b9.6x24.5x0.7x
Thu, 09 Jan 2025UK£183.7bUK£264.1bUK£7.9b9x23.3x0.7x
Sat, 07 Dec 2024UK£191.0bUK£256.3bUK£7.6b9.5x25x0.7x
Mon, 04 Nov 2024UK£197.9bUK£253.5bUK£7.6b10.7x26x0.8x
Wed, 02 Oct 2024UK£206.6bUK£246.7bUK£7.4b11x27.9x0.8x
Fri, 30 Aug 2024UK£188.9bUK£248.8bUK£7.4b11.5x25.5x0.8x
Sun, 28 Jul 2024UK£200.3bUK£246.4bUK£10.8b12.8x18.6x0.8x
Tue, 25 Jun 2024UK£209.7bUK£251.2bUK£12.4b12.6x16.9x0.8x
Thu, 23 May 2024UK£226.0bUK£250.5bUK£12.3b16.3x18.3x0.9x
Sat, 20 Apr 2024UK£213.0bUK£256.3bUK£12.6b14x16.9x0.8x
Mon, 18 Mar 2024UK£188.9bUK£250.4bUK£12.5b12.6x15.1x0.8x
Wed, 14 Feb 2024UK£188.1bUK£262.3bUK£18.0b11.4x10.5x0.7x
Fri, 12 Jan 2024UK£209.0bUK£303.3bUK£27.5b9.5x7.6x0.7x
Sun, 10 Dec 2023UK£211.8bUK£307.6bUK£27.8b9.1x7.6x0.7x
Tue, 07 Nov 2023UK£208.6bUK£310.9bUK£28.0b10.1x7.4x0.7x
Thu, 05 Oct 2023UK£208.4bUK£316.3bUK£28.4b9.5x7.3x0.7x
Sat, 02 Sep 2023UK£201.7bUK£306.9bUK£28.0b7.4x7.2x0.7x
Mon, 31 Jul 2023UK£214.5bUK£322.5bUK£33.5b8.1x6.4x0.7x
Wed, 28 Jun 2023UK£206.5bUK£329.5bUK£38.6b7.3x5.4x0.6x
Fri, 26 May 2023UK£199.9bUK£338.0bUK£39.4b7.6x5.1x0.6x
Sun, 23 Apr 2023UK£222.9bUK£336.1bUK£39.3b8.5x5.7x0.7x
Tue, 21 Mar 2023UK£220.0bUK£340.2bUK£39.8b8.6x5.5x0.6x
Thu, 16 Feb 2023UK£249.7bUK£343.8bUK£45.6b6.7x5.5x0.7x
Sat, 14 Jan 2023UK£264.7bUK£339.8bUK£45.2b7.5x5.9x0.8x
Mon, 12 Dec 2022UK£247.7bUK£337.2bUK£44.9b6.7x5.5x0.7x
Price to Earnings Ratio

5.5x


Total Market Cap: UK£247.7bTotal Earnings: UK£44.9bTotal Revenue: UK£337.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Metals and Mining Industry Price to Earnings3Y Average 17.7x202320242025
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 38.6x which is higher than its 3-year average PE of 17.7x.
  • 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 Market0.31%
Materials4.75%
Metals and Mining5.16%
Copper10.93%
Gold9.74%
Diversified Metals and Mining4.13%
Steel0.87%
Aluminum0%0
Silver0%0
Precious Metals and Minerals-4.87%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 17.5x.
    • Analysts are expecting annual earnings growth of 27.8%, 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 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
GLEN GlencoreUK£3.837.3%
+UK£3.1b		1.5%PS0.3x
ANTO AntofagastaUK£29.8110.8%
+UK£2.9b		71.4%PE36x
RIO Rio Tinto GroupUK£54.942.6%
+UK£2.3b		10.6%PE11.6x
AAL Anglo AmericanUK£29.504.4%
+UK£1.3b		4.3%PS1.6x
FRES FresnilloUK£27.245.4%
+UK£1.0b		310.6%PE58.8x

Latest News

MET1
UK£0.02
Metals One
7D
-39.5%
1Y
-60.8%
RIO
UK£54.94
Rio Tinto Group
7D
2.6%
1Y
10.6%
ANTO
UK£29.81
Antofagasta
7D
10.8%
1Y
71.4%

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

Dec 04
Antofagasta (LON:ANTO) Is Experiencing Growth In Returns On Capital
PAF
UK£1.08
Pan African Resources
7D
11.0%
1Y
184.4%

PAF: Future Output Increases And Cost Controls Will Support Balanced Prospects

Analysts have increased their price target on Pan African Resources from £0.83 to £1.12, citing steady profit margins and marginally improved growth prospects as key factors behind the revision. Analyst Commentary Bullish Takeaways Bullish analysts highlight the upward revision in the price target as a reflection of improved long-term growth expectations for Pan African Resources.
FRES
UK£27.24
Fresnillo
7D
5.4%
1Y
310.6%

Fresnillo plc (LON:FRES) Looks Just Right With A 27% Price Jump

Dec 02
Fresnillo plc (LON:FRES) Looks Just Right With A 27% Price Jump
SOLG
UK£0.31
SolGold
7D
19.1%
1Y
291.8%
EUA
UK£0.043
Eurasia Mining
7D
-17.9%
1Y
109.9%
HOC
UK£4.23
Hochschild Mining
7D
11.1%
1Y
89.7%

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.
GLEN
UK£3.83
Glencore
7D
7.3%
1Y
1.5%

GLEN: Higher Price Expectations Will Depend On Delivering Key Operational Improvements

The analyst consensus price target for Glencore has increased from 400 GBp to 440 GBp, as analysts cite improved valuation metrics and ongoing strength in the company’s fundamentals. Analyst Commentary Recent analyst reports have highlighted both positive developments and ongoing challenges regarding Glencore's outlook.
ALL
UK£0.095
Atlantic Lithium
7D
-13.6%
1Y
-19.5%
RBW
UK£0.19
Rainbow Rare Earths
7D
-3.8%
1Y
56.3%
KMR
UK£2.56
Kenmare Resources
7D
-3.6%
1Y
-28.2%

KMR: Long-Term Ore Zone Transition Will Drive Sustained Value Ahead

Kenmare Resources’ analyst price target has been revised downward from 330 GBp to 300 GBp. Analysts cite reduced revenue growth forecasts, lower profit margins, and a higher discount rate in their updated assessments. Analyst Commentary Recent research activity has resulted in both upward and downward revisions for Kenmare Resources, reflecting varying sentiments regarding the company's outlook and share valuation.
AAL
UK£29.50
Anglo American
7D
4.4%
1Y
4.3%

AAL: Sector Consolidation And Potential Supply Constraints Will Shape Merger Outlook

Anglo American's analyst price target has been raised from approximately $29.48 to $29.18, reflecting a modest increase that analysts attribute to improved forecast profit margins as well as ongoing optimism around iron ore demand and potential supply constraints. Analyst Commentary Recent Street research has showcased evolving sentiment around Anglo American, as analysts adjust their views and price targets in light of sector developments and company actions.
CMET
UK£0.043
Capital Metals
7D
-13.3%
1Y
102.4%
FXPO
UK£0.65
Ferrexpo
7D
-8.6%
1Y
-41.4%
EEE
UK£0.36
Empire Metals
7D
-10.6%
1Y
451.8%