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U.K. (FTSE) Gold Industry Analysis

UpdatedOct 15, 2025
DataAggregated Company Financials
Companies20
  • 7D7.9%
  • 3M67.7%
  • 1Y135.8%
  • YTDn/a

The Gold industry is up 7.9% in the last week, with Hochschild Mining up 14%. Meanwhile, Ariana Resources actually underperformed within the industry, shrinking 9.7% in the last week. This takes the industry's 12 month performance to a gain of 136%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Oct 2025UK£5.1bUK£1.6bUK£277.0m18.7x18.4x3.3x
Sat, 13 Sep 2025UK£4.1bUK£1.5bUK£248.4m11.4x16.5x2.8x
Mon, 11 Aug 2025UK£3.5bUK£1.2bUK£166.3m8.9x21.2x2.8x
Wed, 09 Jul 2025UK£3.0bUK£1.2bUK£175.5m7.4x16.9x2.5x
Fri, 06 Jun 2025UK£5.0bUK£1.2bUK£184.9m11x27.1x4.2x
Sun, 04 May 2025UK£4.6bUK£1.2bUK£183.5m9.8x24.9x3.8x
Tue, 01 Apr 2025UK£4.2bUK£1.2bUK£174.3m10.4x24.1x3.4x
Thu, 27 Feb 2025UK£3.2bUK£1.2bUK£63.5m8.5x50.7x2.7x
Sat, 25 Jan 2025UK£3.0bUK£1.2bUK£61.1m6.6x48.7x2.4x
Mon, 23 Dec 2024UK£2.8bUK£1.2bUK£59.4m5.7x47.6x2.3x
Wed, 20 Nov 2024UK£4.4bUK£1.9bUK£116.6m10.8x37.9x2.3x
Fri, 18 Oct 2024UK£4.9bUK£1.9bUK£114.7m11.7x42.3x2.6x
Sun, 15 Sep 2024UK£4.0bUK£1.9bUK£124.3m8.7x32x2.1x
Tue, 13 Aug 2024UK£3.5bUK£1.9bUK£45.0m7.4x78.6x1.9x
Thu, 11 Jul 2024UK£3.8bUK£1.8bUK£49.6m8.3x75.7x2.1x
Sat, 08 Jun 2024UK£3.5bUK£1.8bUK£49.4m7.9x70x1.9x
Mon, 06 May 2024UK£3.4bUK£2.0bUK£64.2m11.8x53.4x1.7x
Wed, 03 Apr 2024UK£3.2bUK£2.0bUK£39.9m14.2x80.2x1.6x
Fri, 01 Mar 2024UK£2.7bUK£2.0bUK£34.5m10.4x76.9x1.4x
Sun, 28 Jan 2024UK£3.9bUK£4.8b-UK£195,231,027.008.1x-19.8x0.8x
Tue, 26 Dec 2023UK£4.0bUK£4.8b-UK£195,049,253.007.7x-20.5x0.8x
Thu, 23 Nov 2023UK£3.9bUK£4.9b-UK£195,446,168.008.8x-19.9x0.8x
Sat, 21 Oct 2023UK£3.6bUK£4.9b-UK£193,955,648.0010x-18.3x0.7x
Mon, 18 Sep 2023UK£3.7bUK£4.8b-UK£209,302,037.006.6x-17.5x0.8x
Wed, 16 Aug 2023UK£3.6bUK£4.8b-UK£162,820,010.006.5x-22.1x0.7x
Fri, 14 Jul 2023UK£3.6bUK£4.7b-UK£162,507,877.006.1x-22.1x0.8x
Sun, 11 Jun 2023UK£3.7bUK£4.8b-UK£168,723,164.006.2x-21.9x0.8x
Tue, 09 May 2023UK£4.5bUK£4.8b-UK£162,057,465.009.1x-27.8x0.9x
Thu, 06 Apr 2023UK£4.2bUK£4.9b-UK£123,096,031.0010x-33.7x0.8x
Sat, 04 Mar 2023UK£3.9bUK£4.9bUK£297.9m9.1x13.1x0.8x
Mon, 30 Jan 2023UK£4.1bUK£4.8bUK£292.9m9x14.1x0.9x
Wed, 28 Dec 2022UK£4.0bUK£4.9bUK£301.1m8.9x13.2x0.8x
Fri, 25 Nov 2022UK£4.0bUK£4.9bUK£304.8m8.4x13.1x0.8x
Sun, 23 Oct 2022UK£3.7bUK£5.2bUK£334.3m6.5x10.9x0.7x
Price to Earnings Ratio

10.9x


Total Market Cap: UK£3.7bTotal Earnings: UK£334.3mTotal Revenue: UK£5.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Gold Industry Price to Earnings3Y Average 21.3x202320242025
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 18.4x which is lower than its 3-year average PE of 21.3x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have declined 6.1% per year over the last three years,
  • Revenues have also declined 33% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

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

GB Market-0.16%
Materials2.74%
Metals and Mining3.13%
Gold7.87%
Copper3.29%
Diversified Metals and Mining1.95%
Steel0.44%
Aluminum0%0
Silver0%0
Precious Metals and Minerals-0.36%
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
HOC Hochschild MiningUK£4.2913.5%
+UK£263.4m		96.9%PE19.9x
PAF Pan African ResourcesUK£0.952.5%
+UK£46.6m		162.4%PE18.2x
ALTN AltynGoldUK£10.9010.8%
+UK£29.0m		382.3%PE8.8x
PAT Panthera ResourcesUK£0.1913.3%
+UK£5.4m		168.6%PB13x
SRB Serabi GoldUK£2.892.1%
+UK£4.5m		248.2%PE7.8x

Latest News

ALTN
UK£10.90
AltynGold
7D
10.8%
1Y
382.3%

Market Might Still Lack Some Conviction On AltynGold plc (LON:ALTN) Even After 27% Share Price Boost

Oct 15
Market Might Still Lack Some Conviction On AltynGold plc (LON:ALTN) Even After 27% Share Price Boost
HOC
UK£4.29
Hochschild Mining
7D
13.5%
1Y
96.9%

What Hochschild Mining plc's (LON:HOC) 26% Share Price Gain Is Not Telling You

Oct 15
What Hochschild Mining plc's (LON:HOC) 26% Share Price Gain Is Not Telling You
SRB
UK£2.89
Serabi Gold
7D
2.1%
1Y
248.2%

Coringa Mine Ramp Up And Palito Processing Will Boost Efficiency

Narrative Update on Serabi Gold Analysts have raised their price target for Serabi Gold from $2.63 to $3.08, citing improved fair value estimates even though there have only been slight changes in revenue growth and profit margin projections. What's in the News Serabi Gold reported third quarter 2025 gold production of 12,090 ounces, up from 9,489 ounces in the previous year.
GDP
UK£0.10
Goldplat
7D
12.0%
1Y
42.4%
AAU
UK£0.018
Ariana Resources
7D
-9.7%
1Y
-12.0%
WSBN
UK£0.012
Wishbone Gold
7D
-3.3%
1Y
266.2%
PAF
UK£0.95
Pan African Resources
7D
2.5%
1Y
162.4%

Mintails And TCMG Projects Expected To Strengthen Gold Production And Diversify Operations

Analysts have raised their price target for Pan African Resources from £0.75 to £0.88, citing stronger projected revenue growth, which outweighs modest increases in the discount rate and a shift in expected profit margins. What's in the News New production guidance for 2026 projects output of 130,000oz to 137,000oz in the first half, increasing to 145,000oz to 155,000oz in the second half, as a result of upgrades at MTR and growth at Tennant and Evander Mines (Corporate Guidance).
GRL
UK£0.0045
Goldstone Resources
7D
-5.3%
1Y
-56.1%
BMV
UK£0.006
Bluebird Mining Ventures
7D
-4.0%
1Y
-27.3%
NTVO
UK£0.0053
Nativo Resources
7D
-4.5%
1Y
-82.5%
ORR
UK£0.0034
Oriole Resources
7D
13.6%
1Y
-2.9%
PAT
UK£0.19
Panthera Resources
7D
13.3%
1Y
168.6%
HAMA
UK£0.017
Hamak Gold
7D
-27.2%
1Y
62.9%
GCAT
UK£0.0027
Caracal Gold
7D
0%
1Y
-21.4%