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

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies121
  • 7D1.1%
  • 3M18.5%
  • 1Y5.7%
  • YTD5.5%

In the last week, the Metals and Mining industry is up 1.1%, with Glencore up 2.9%. This takes the industry's 12 month performance to a gain of 5.7%. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Sep 2025UK£192.7bUK£242.0bUK£5.9b11.8x32.7x0.8x
Sun, 17 Aug 2025UK£180.6bUK£243.2bUK£6.0b10.1x30.1x0.7x
Tue, 15 Jul 2025UK£176.5bUK£244.8bUK£5.9b8.4x29.8x0.7x
Thu, 12 Jun 2025UK£171.1bUK£242.8bUK£5.9b8.4x28.9x0.7x
Sat, 10 May 2025UK£167.9bUK£246.8bUK£6.1b8.4x27.7x0.7x
Mon, 07 Apr 2025UK£152.8bUK£255.2bUK£6.2b7.7x24.5x0.6x
Wed, 05 Mar 2025UK£179.4bUK£257.3bUK£6.3b8.8x28.3x0.7x
Fri, 31 Jan 2025UK£183.6bUK£262.3bUK£7.8b9.4x23.5x0.7x
Sun, 29 Dec 2024UK£181.2bUK£259.6bUK£7.7b9x23.4x0.7x
Tue, 26 Nov 2024UK£191.6bUK£260.2bUK£7.8b10x24.7x0.7x
Thu, 24 Oct 2024UK£195.6bUK£253.3bUK£7.6b10.1x25.8x0.8x
Sat, 21 Sep 2024UK£185.3bUK£246.0bUK£7.4b11x25.1x0.8x
Mon, 19 Aug 2024UK£188.2bUK£252.9bUK£7.5b11.5x24.9x0.7x
Wed, 17 Jul 2024UK£205.6bUK£245.4bUK£12.2b13.9x16.9x0.8x
Fri, 14 Jun 2024UK£208.6bUK£249.6bUK£12.3b14.2x16.9x0.8x
Sun, 12 May 2024UK£223.7bUK£254.4bUK£12.6b15.9x17.8x0.9x
Tue, 09 Apr 2024UK£206.8bUK£251.9bUK£12.6b13.8x16.4x0.8x
Thu, 07 Mar 2024UK£185.4bUK£250.4bUK£12.6b11.4x14.8x0.7x
Sat, 03 Feb 2024UK£206.7bUK£305.8bUK£27.7b10.1x7.5x0.7x
Mon, 01 Jan 2024UK£222.9bUK£303.5bUK£27.5b9.8x8.1x0.7x
Wed, 29 Nov 2023UK£212.0bUK£304.3bUK£27.6b10.6x7.7x0.7x
Fri, 27 Oct 2023UK£203.0bUK£317.0bUK£28.4b10x7.1x0.6x
Sun, 24 Sep 2023UK£209.4bUK£314.1bUK£28.3b7.3x7.4x0.7x
Tue, 22 Aug 2023UK£190.1bUK£303.5bUK£27.7b7x6.9x0.6x
Thu, 20 Jul 2023UK£210.5bUK£325.9bUK£38.2b7.2x5.5x0.6x
Sat, 17 Jun 2023UK£219.8bUK£327.5bUK£38.4b7.8x5.7x0.7x
Mon, 15 May 2023UK£205.8bUK£335.9bUK£39.3b7.9x5.2x0.6x
Wed, 12 Apr 2023UK£228.3bUK£337.0bUK£39.4b9x5.8x0.7x
Fri, 10 Mar 2023UK£232.0bUK£349.5bUK£41.2b7x5.6x0.7x
Sun, 05 Feb 2023UK£260.6bUK£343.3bUK£45.6b6.8x5.7x0.8x
Tue, 03 Jan 2023UK£250.4bUK£343.4bUK£45.6b6.7x5.5x0.7x
Thu, 01 Dec 2022UK£241.1bUK£346.2bUK£45.9b6.6x5.2x0.7x
Sat, 29 Oct 2022UK£207.0bUK£355.0bUK£47.0b5.1x4.4x0.6x
Mon, 26 Sep 2022UK£206.9bUK£373.9bUK£49.9b4.9x4.1x0.6x
Price to Earnings Ratio

4.1x


Total Market Cap: UK£206.9bTotal Earnings: UK£49.9bTotal Revenue: UK£373.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Metals and Mining Industry Price to Earnings3Y Average 15.9x202320242025
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 32.7x which is higher than its 3-year average PE of 15.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 51% per year over the last three years,
  • Revenues have also declined 13% 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-0.078%
Materials1.18%
Metals and Mining1.14%
Copper3.24%
Diversified Metals and Mining0.93%
Gold0.46%
Aluminum0%0
Silver0%0
Steel-0.58%
Precious Metals and Minerals-1.43%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 15.9x.
    • Analysts are expecting annual earnings growth of 28.2%, which is higher than its past year's earnings decline of 20.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 63% 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 5.9% 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£3.072.9%
+UK£1.0b		-20.9%PS0.2x
ANTO AntofagastaUK£22.843.8%
+UK£828.1m		22.9%PE28.2x
PAF Pan African ResourcesUK£0.816.6%
+UK£101.4m		144.1%PE15.9x
KP2 Kore PotashUK£0.03921.9%
+UK£34.0m		73.3%PB1.3x
SOLG SolGoldUK£0.163.6%
+UK£16.8m		53.5%PB2.7x

Latest News

PAF
UK£0.81
Pan African Resources
7D
6.6%
1Y
144.1%
FRES
UK£21.64
Fresnillo
7D
-1.5%
1Y
267.7%

Is Fresnillo (LON:FRES) Using Too Much Debt?

Sep 18
Is Fresnillo (LON:FRES) Using Too Much Debt?
SOLG
UK£0.16
SolGold
7D
3.6%
1Y
53.5%
HOC
UK£3.01
Hochschild Mining
7D
-9.0%
1Y
66.9%
KP2
UK£0.039
Kore Potash
7D
21.9%
1Y
73.3%
GFM
UK£1.85
Griffin Mining
7D
-6.6%
1Y
25.0%
AAL
UK£25.26
Anglo American
7D
-0.4%
1Y
1.1%

Electrification And Decarbonization Will Boost Copper And Iron Ore Demand

The consensus price target for Anglo American has been raised to £23.13 as analysts cite the transformative merger with Teck Resources—making it a top-five global copper producer—as a catalyst for improved scale, growth prospects, and earnings outlook. Analyst Commentary The merger of equals between Anglo American and Teck Resources transforms the company into the world’s fifth-largest copper producer, significantly improving scale and growth prospects.
KMR
UK£3.02
Kenmare Resources
7D
-5.0%
1Y
-6.6%
PRE
UK£1.24
Pensana
7D
2.9%
1Y
641.7%
EEE
UK£0.46
Empire Metals
7D
-21.6%
1Y
494.8%

Companies Like Empire Metals (LON:EEE) Are In A Position To Invest In Growth

Sep 06
Companies Like Empire Metals (LON:EEE) Are In A Position To Invest In Growth
HILS
UK£20.75
Hill & Smith
7D
-2.6%
1Y
-1.0%

US Infrastructure Investments And Urbanization Will Expand Market

Analysts maintained a positive outlook on Hill & Smith, citing share buybacks, balance sheet strength, and sustained earnings momentum as key drivers, with the consensus price target unchanged at £24.09. Analyst Commentary Bullish analysts cite the GBP 100M buyback as providing a meaningful return of capital to shareholders.
ANTO
UK£22.84
Antofagasta
7D
3.8%
1Y
22.9%

Antofagasta (LON:ANTO) Is Doing The Right Things To Multiply Its Share Price

Sep 05
Antofagasta (LON:ANTO) Is Doing The Right Things To Multiply Its Share Price
RIO
UK£45.72
Rio Tinto Group
7D
-0.4%
1Y
-6.9%

Energy Transition Will Accelerate Copper And Lithium Expansion Despite Headwinds

Analysts have modestly lowered their price target for Rio Tinto Group to £51.49, reflecting increased caution due to downside risks in iron ore prices and muted Chinese stimulus, with earnings estimates trimmed and consensus now factoring a more conservative commodity outlook. Analyst Commentary Bearish analysts flag downside risks to iron ore prices, particularly in the months ahead, impacting Rio Tinto’s earnings outlook.
GLEN
UK£3.07
Glencore
7D
2.9%
1Y
-20.9%

Normalized Copper Production And Argentina Projects Will Shape Future Success

Despite near-term concerns over coal price weakness and commodity volatility, analysts remain divided on Glencore, with operational resilience and medium-term prospects balancing cautious views and leaving the consensus price target unchanged at £3.71. Analyst Commentary Bearish analysts highlight near-term pressure on Glencore's free cash flow resulting from weakness in coal prices.
EUA
UK£0.036
Eurasia Mining
7D
11.5%
1Y
73.8%
CAPD
UK£0.97
Capital
7D
6.2%
1Y
17.8%