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

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies123
  • 7D2.1%
  • 3M32.1%
  • 1Y43.5%
  • YTD9.5%

In the last week, the Metals and Mining industry is up 2.1%, with Rio Tinto Group up 3.3%. This takes the industry's 12 month performance to a gain of 44%. As for the next few years, earnings are expected to grow by 30% 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, 20 Jan 2026UK£282.4bUK£245.6bUK£6.0b20.3x47.4x1.2x
Thu, 18 Dec 2025UK£240.6bUK£246.5bUK£6.0b17.8x40x1x
Sat, 15 Nov 2025UK£223.7bUK£250.8bUK£6.2b14.6x36.4x0.9x
Mon, 13 Oct 2025UK£214.1bUK£247.2bUK£6.0b15.8x35.4x0.9x
Wed, 10 Sep 2025UK£193.2bUK£244.0bUK£5.8b11.5x33.1x0.8x
Fri, 08 Aug 2025UK£175.3bUK£244.6bUK£5.8b9.6x30x0.7x
Sun, 06 Jul 2025UK£171.9bUK£240.8bUK£5.8b8.2x29.5x0.7x
Tue, 03 Jun 2025UK£170.2bUK£242.7bUK£5.9b9.7x28.7x0.7x
Thu, 01 May 2025UK£164.6bUK£246.5bUK£6.0b8.3x27.2x0.7x
Sat, 29 Mar 2025UK£178.1bUK£253.7bUK£6.2b8.6x28.7x0.7x
Mon, 24 Feb 2025UK£188.6bUK£259.3bUK£6.4b9.1x29.7x0.7x
Wed, 22 Jan 2025UK£194.8bUK£264.8bUK£7.9b9.3x24.7x0.7x
Fri, 20 Dec 2024UK£180.9bUK£260.7bUK£7.8b9.4x23.3x0.7x
Sun, 17 Nov 2024UK£186.9bUK£259.8bUK£7.8b9.9x24x0.7x
Tue, 15 Oct 2024UK£200.4bUK£250.8bUK£7.5b10.9x26.7x0.8x
Thu, 12 Sep 2024UK£176.8bUK£251.1bUK£7.5b9.9x23.4x0.7x
Sat, 10 Aug 2024UK£191.7bUK£256.6bUK£7.7b11.1x25x0.7x
Mon, 08 Jul 2024UK£214.4bUK£248.4bUK£12.3b13x17.4x0.9x
Wed, 05 Jun 2024UK£213.0bUK£249.5bUK£12.3b15.2x17.3x0.9x
Fri, 03 May 2024UK£216.1bUK£254.3bUK£12.6b14.4x17.2x0.9x
Sun, 31 Mar 2024UK£195.4bUK£252.7bUK£12.6b12.5x15.5x0.8x
Tue, 27 Feb 2024UK£182.0bUK£251.3bUK£12.6b11x14.5x0.7x
Thu, 25 Jan 2024UK£206.9bUK£304.2bUK£27.6b9x7.5x0.7x
Sat, 23 Dec 2023UK£221.4bUK£303.8bUK£27.5b10.4x8x0.7x
Mon, 20 Nov 2023UK£214.4bUK£309.5bUK£27.9b10.2x7.7x0.7x
Wed, 18 Oct 2023UK£209.5bUK£315.1bUK£28.3b9.7x7.4x0.7x
Fri, 15 Sep 2023UK£210.0bUK£310.6bUK£28.1b7.2x7.5x0.7x
Sun, 13 Aug 2023UK£200.5bUK£304.3bUK£27.8b7.1x7.2x0.7x
Tue, 11 Jul 2023UK£201.2bUK£327.2bUK£38.4b7.3x5.2x0.6x
Thu, 08 Jun 2023UK£210.5bUK£336.0bUK£39.2b7.5x5.4x0.6x
Sat, 06 May 2023UK£211.3bUK£331.4bUK£38.8b8.4x5.4x0.6x
Mon, 03 Apr 2023UK£226.1bUK£338.7bUK£39.6b8.9x5.7x0.7x
Wed, 01 Mar 2023UK£235.5bUK£345.2bUK£40.7b8.8x5.8x0.7x
Fri, 27 Jan 2023UK£266.0bUK£335.6bUK£44.7b7.2x6x0.8x
Price to Earnings Ratio

6x


Total Market Cap: UK£266.0bTotal Earnings: UK£44.7bTotal Revenue: UK£335.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Metals and Mining Industry Price to Earnings3Y Average 19.3x202420252026
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 46.7x which is higher than its 3-year average PE of 19.2x.
  • The 3-year average PS ratio of 0.74x is lower than the industry's current PS ratio of 1.1x.
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 Market1.03%
Materials2.03%
Metals and Mining2.14%
Diversified Metals and Mining2.59%
Precious Metals and Minerals2.56%
Copper1.46%
Steel1.17%
Gold0.48%
Aluminum0%0
Silver0%0
Industry PE
  • Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio of 24.6x.
    • Analysts are expecting annual earnings growth of 13.8%, which is lower than the prior year's growth of 42.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Gold industry, expecting annual earnings growth of 35% over the next 5 years.
  • However this is lower than its past earnings growth rate of 149% per year.
  • 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
RIO Rio Tinto GroupUK£63.393.3%
+UK£3.3b		24.5%PE13.5x
FRES FresnilloUK£39.967.0%
+UK£1.9b		482.9%PE86.7x
GLEN GlencoreUK£4.812.7%
+UK£1.5b		24.2%PS0.3x
ANTO AntofagastaUK£36.122.8%
+UK£985.9m		102.9%PE43.8x
TIN Cornish MetalsUK£1.2518.5%
+UK£269.1m		1,304.5%PB16.7x

Latest News

AAL
UK£32.48
Anglo American
7D
-0.1%
1Y
9.2%
ANTO
UK£36.12
Antofagasta
7D
2.8%
1Y
102.9%

Antofagasta plc's (LON:ANTO) Business Is Yet to Catch Up With Its Share Price

Jan 19
Antofagasta plc's (LON:ANTO) Business Is Yet to Catch Up With Its Share Price
GLEN
UK£4.81
Glencore
7D
2.7%
1Y
24.2%
FRES
UK£39.96
Fresnillo
7D
7.0%
1Y
482.9%

Fresnillo plc (LON:FRES) Looks Just Right With A 28% Price Jump

Jan 16
Fresnillo plc (LON:FRES) Looks Just Right With A 28% Price Jump
SRB
UK£3.36
Serabi Gold
7D
-4.0%
1Y
159.5%
HOC
UK£5.80
Hochschild Mining
7D
1.2%
1Y
163.0%
ALTN
UK£16.50
AltynGold
7D
7.1%
1Y
643.2%
HILS
UK£22.90
Hill & Smith
7D
-0.9%
1Y
20.0%

HILS: FY25 Profit Outlook And Higher Required Return Will Shape Fair Value

Analysts have raised their price target for Hill & Smith by £0.50 to £24.59, citing adjustments to fair value estimates, discount rate assumptions and expected future P/E levels. What's in the News Hill & Smith issued full year 2025 guidance, indicating that underlying operating profit is expected to be in line with current analyst consensus (Key Developments).
RIO
UK£63.39
Rio Tinto Group
7D
3.3%
1Y
24.5%
TIN
UK£1.25
Cornish Metals
7D
18.5%
1Y
1,304.5%
PAF
UK£1.25
Pan African Resources
7D
-1.7%
1Y
234.8%

PAF: Index Inclusions And Tailings Study Will Shape Balanced Forward Prospects

Analysts have increased their price target for Pan African Resources from £1.27 to £1.30, citing updated assumptions around revenue growth, profit margins and a slightly different forward P/E multiple in their models. What's in the News Pan African Resources PLC was added to the FTSE 250 Index, bringing the company into a widely tracked UK mid cap benchmark (Index Constituent Adds).
PRE
UK£0.90
Pensana
7D
-4.2%
1Y
292.2%
EEE
UK£0.43
Empire Metals
7D
-9.6%
1Y
475.7%
CMET
UK£0.04
Capital Metals
7D
-13.0%
1Y
128.6%
KOD
UK£0.0056
Kodal Minerals
7D
60.0%
1Y
25.8%
WSBN
UK£0.67
Wishbone Gold
7D
-22.5%
1Y
306.1%