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U.K. (FTSE) Gold Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies20
  • 7D-13.9%
  • 3M-21.3%
  • 1Y97.4%
  • YTDn/a

Over the last 7 days, the Gold industry has dropped 7.0%, driven by a pullback from Pan African Resources of 17%. This takes the industry's 12 month performance to a gain of 102%. Earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

Has the U.K. Gold Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026UK£6.5bUK£2.1bUK£395.4m11.1x16.6x3.1x
Mon, 04 May 2026UK£7.2bUK£1.9bUK£351.1m8.4x20.6x3.8x
Wed, 01 Apr 2026UK£7.0bUK£1.9bUK£398.7m15.5x17.5x3.7x
Fri, 27 Feb 2026UK£9.0bUK£1.8bUK£349.5m21.9x25.8x5.1x
Sun, 25 Jan 2026UK£7.7bUK£1.5bUK£272.5m22.5x28.4x5.1x
Tue, 23 Dec 2025UK£6.0bUK£1.6bUK£276.4m19.1x21.8x3.9x
Thu, 20 Nov 2025UK£4.7bUK£1.6bUK£282.3m16.7x16.7x3x
Sat, 18 Oct 2025UK£4.9bUK£1.6bUK£274.7m17.2x18x3.2x
Mon, 15 Sep 2025UK£4.1bUK£1.5bUK£248.4m11.4x16.5x2.8x
Wed, 13 Aug 2025UK£3.5bUK£1.2bUK£165.8m8.5x20.9x2.8x
Fri, 11 Jul 2025UK£3.0bUK£1.2bUK£175.7m7.4x16.9x2.5x
Sun, 08 Jun 2025UK£4.9bUK£1.2bUK£185.4m10.5x26.6x4.1x
Tue, 06 May 2025UK£4.6bUK£1.2bUK£183.5m9.8x24.9x3.8x
Thu, 03 Apr 2025UK£4.3bUK£1.2bUK£173.9m10.6x24.7x3.5x
Sat, 01 Mar 2025UK£3.2bUK£1.2bUK£64.1m7.2x49.4x2.6x
Mon, 27 Jan 2025UK£3.0bUK£1.2bUK£61.1m6.6x48.7x2.4x
Wed, 25 Dec 2024UK£2.9bUK£1.2bUK£59.6m5.7x48x2.3x
Fri, 22 Nov 2024UK£4.6bUK£1.9bUK£117.4m11.1x39x2.4x
Sun, 20 Oct 2024UK£4.9bUK£1.9bUK£114.4m11.9x42.8x2.6x
Tue, 17 Sep 2024UK£4.1bUK£1.9bUK£123.4m9.1x33.1x2.2x
Thu, 15 Aug 2024UK£3.5bUK£1.8bUK£44.7m6.8x79.4x1.9x
Sat, 13 Jul 2024UK£3.7bUK£1.8bUK£48.9m8.2x75.9x2.1x
Mon, 10 Jun 2024UK£3.5bUK£1.8bUK£49.4m7.9x69.9x1.9x
Wed, 08 May 2024UK£3.5bUK£2.0bUK£64.5m11.9x54.2x1.8x
Fri, 05 Apr 2024UK£3.3bUK£2.0bUK£39.7m14.4x82.2x1.6x
Sun, 03 Mar 2024UK£2.7bUK£2.0bUK£34.1m11.1x79.8x1.4x
Tue, 30 Jan 2024UK£3.9bUK£4.8b-UK£195,263,339.007.5x-20.1x0.8x
Thu, 28 Dec 2023UK£4.0bUK£4.8b-UK£195,928,639.008.1x-20.5x0.8x
Sat, 25 Nov 2023UK£3.9bUK£4.9b-UK£196,046,498.008.9x-19.9x0.8x
Mon, 23 Oct 2023UK£3.6bUK£4.9b-UK£193,982,630.0010x-18.3x0.7x
Wed, 20 Sep 2023UK£3.6bUK£4.8b-UK£209,344,018.006.8x-17.3x0.7x
Fri, 18 Aug 2023UK£3.5bUK£4.8b-UK£162,434,367.006.8x-21.7x0.7x
Sun, 16 Jul 2023UK£3.6bUK£4.7b-UK£162,926,390.006.1x-22.1x0.8x
Tue, 13 Jun 2023UK£3.6bUK£4.9b-UK£169,910,167.006.2x-21.1x0.7x
Price to Earnings Ratio

-21.1x


Total Market Cap: UK£3.6bTotal Earnings: -UK£169,910,167.00Total Revenue: UK£4.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Gold Industry Price to Earnings3Y Average 26x202420252026
Current Industry PE
  • Investors are pessimistic on the British Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 17.5x which is lower than its 3-year average PE of 26.0x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • Total earnings for the Gold industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 24% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Comparison

How does U.K. Gold compare with similar industries?

GB Market-0.73%
Materials-3.01%
Metals and Mining-3.00%
Gold-13.85%
Steel0.63%
Aluminum0%0
Silver0%0
Precious Metals and Minerals-2.04%
Diversified Metals and Mining-2.05%
Copper-3.41%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FCM First Class MetalsUK£0.04353.6%
+UK£5.5m		100.0%n/a
GRL Goldstone ResourcesUK£0.00737.4%
+UK£662.9k		20.8%PS1.4x
PRIM Primorus InvestmentsUK£0.0374.2%
+UK£186.8k		5.7%PB0.9x

Latest News

ORR
UK£0.003
Oriole Resources
7D
-11.8%
1Y
30.4%
GDP
UK£0.17
Goldplat
7D
-2.7%
1Y
178.4%
Narrative Update • Jun 05

GDP: Dividend Initiation And Steady Assumptions Will Support Future Repricing Potential

Analysts now keep their £0.20 fair value estimate for Goldplat broadly unchanged, with only minor tweaks to assumptions such as a slightly higher discount rate and future P/E, which help to refine rather than reset their price target view. What's in the News Goldplat PLC declared an interim dividend of £300,000, set at 0.17464 pence per share.
PRIM
UK£0.037
Primorus Investments
7D
4.2%
1Y
5.7%
HOC
UK£5.42
Hochschild Mining
7D
-12.0%
1Y
79.1%
Narrative Update • Jun 04

HOC: Structurally Bullish Gold View Will Drive Repricing Potential

Hochschild Mining's analyst price target has been revised to £8.13 from £8.04, as analysts factor in recent target changes from major brokers and their continued positive stance on gold equities. Analyst Commentary Bullish Takeaways JPMorgan's upgrade of Hochschild Mining to Overweight signals that some bullish analysts see the risk reward as attractive at current share levels, particularly for investors positive on gold equities.
PAF
UK£1.06
Pan African Resources
7D
-22.7%
1Y
128.8%
Narrative Update • Jun 04

PAF: Future Cash Flow Delivery Will Support Premium Re Rating Potential

Analysts have trimmed their fair value estimate for Pan African Resources to £1.82 from £1.84, citing slightly higher discount rates, more conservative revenue growth and profit margin assumptions, and a modestly higher future P/E multiple, in line with recent Street price target reductions from £1.90 to £1.81. Analyst Commentary Bullish Takeaways Bullish analysts still see upside relative to current trading levels, as indicated by price targets that remain above the revised fair value estimate of £1.82.
MTL
UK£0.13
Metals Exploration
7D
-0.8%
1Y
53.5%
ACG
UK£16.50
ACG Metals
7D
-0.6%
1Y
238.1%
New Narrative • May 20

Copper Shift And Enriched Ore Plan Will Reshape Long Term Prospects

Catalysts About ACG Metals ACG Metals is a precious and base metals producer focused on the Gediktepe mine in Turkiye, producing gold, silver, copper and zinc. What are the underlying business or industry changes driving this perspective?
FCM
UK£0.043
First Class Metals
7D
53.6%
1Y
100.0%
ALTN
UK£9.68
AltynGold
7D
-11.2%
1Y
133.3%
GRL
UK£0.0073
Goldstone Resources
7D
7.4%
1Y
20.8%
PAT
UK£0.18
Panthera Resources
7D
-3.2%
1Y
44.0%
Analysis Article • Jan 29

Will Panthera Resources (LON:PAT) Spend Its Cash Wisely?

There's no doubt that money can be made by owning shares of unprofitable businesses. By way of example, Panthera...