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U.K. (FTSE) Gold Industry Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies20
  • 7D3.5%
  • 3M29.3%
  • 1Y190.3%
  • YTDn/a

The Gold industry is up 3.5% in the last week, with Hochschild Mining up 8.8%. This takes the industry's 12 month performance to a gain of 190%. Earnings are forecast to grow by 36% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026UK£6.7bUK£1.6bUK£276.6m21.1x24.3x4.3x
Sat, 13 Dec 2025UK£5.6bUK£1.6bUK£282.0m19.1x20x3.6x
Mon, 10 Nov 2025UK£4.3bUK£1.6bUK£280.4m15.3x15.5x2.7x
Wed, 08 Oct 2025UK£4.7bUK£1.6bUK£275.0m17.5x17.2x3x
Fri, 05 Sep 2025UK£3.8bUK£1.3bUK£207.7m11.4x18.4x2.8x
Sun, 03 Aug 2025UK£3.3bUK£1.3bUK£168.6m8.2x19.3x2.6x
Tue, 01 Jul 2025UK£2.8bUK£1.2bUK£175.9m6.8x15.8x2.4x
Thu, 29 May 2025UK£4.7bUK£1.2bUK£180.7m10.2x26.2x3.9x
Sat, 26 Apr 2025UK£4.4bUK£1.2bUK£169.8m11.2x26x3.7x
Mon, 24 Mar 2025UK£4.0bUK£1.2bUK£174.0m9.9x22.7x3.2x
Wed, 19 Feb 2025UK£3.2bUK£1.2bUK£64.0m7x50x2.6x
Fri, 17 Jan 2025UK£3.0bUK£1.3bUK£62.6m6.2x48.3x2.4x
Sun, 15 Dec 2024UK£3.1bUK£1.2bUK£57.2m5.9x54.4x2.6x
Tue, 12 Nov 2024UK£4.3bUK£1.9bUK£116.2m9.9x37.4x2.3x
Thu, 10 Oct 2024UK£4.2bUK£1.9bUK£114.2m10.5x36.9x2.3x
Sat, 07 Sep 2024UK£3.4bUK£1.9bUK£120.6m8.2x28.5x1.8x
Mon, 05 Aug 2024UK£3.6bUK£1.8bUK£44.8m7.9x79.7x1.9x
Wed, 03 Jul 2024UK£3.6bUK£1.8bUK£50.3m8x70.7x1.9x
Fri, 31 May 2024UK£3.6bUK£1.8bUK£50.9m9.7x69.9x1.9x
Sun, 28 Apr 2024UK£3.5bUK£2.0bUK£61.0m13.9x57.6x1.8x
Tue, 26 Mar 2024UK£3.0bUK£2.0bUK£39.5m13.3x77x1.5x
Thu, 22 Feb 2024UK£2.7bUK£2.0bUK£34.4m10.7x77.5x1.4x
Sat, 20 Jan 2024UK£3.8bUK£4.8b-UK£195,232,141.008.4x-19.3x0.8x
Mon, 18 Dec 2023UK£4.0bUK£4.8b-UK£194,565,567.007.2x-20.4x0.8x
Wed, 15 Nov 2023UK£3.8bUK£4.9b-UK£195,556,930.008.3x-19.5x0.8x
Fri, 13 Oct 2023UK£3.4bUK£4.9b-UK£194,032,459.009.3x-17.5x0.7x
Sun, 10 Sep 2023UK£3.5bUK£4.8b-UK£211,756,463.006.8x-16.6x0.7x
Tue, 08 Aug 2023UK£3.6bUK£4.8b-UK£162,410,381.006.7x-22.4x0.8x
Thu, 06 Jul 2023UK£3.5bUK£4.8b-UK£167,673,127.005.9x-20.6x0.7x
Sat, 03 Jun 2023UK£3.7bUK£4.9b-UK£164,662,928.007.9x-22.7x0.8x
Mon, 01 May 2023UK£4.2bUK£4.8b-UK£155,114,789.0010x-27.2x0.9x
Wed, 29 Mar 2023UK£3.8bUK£4.9b-UK£130,179,075.0010x-29.4x0.8x
Fri, 24 Feb 2023UK£3.9bUK£4.9bUK£297.4m9.1x12.9x0.8x
Sun, 22 Jan 2023UK£4.7bUK£4.8bUK£293.0m11.1x16x1x
Price to Earnings Ratio

16x


Total Market Cap: UK£4.7bTotal Earnings: UK£293.0mTotal Revenue: UK£4.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Gold Industry Price to Earnings3Y Average 21.8x202420252026
Current Industry PE
  • Investors are optimistic on the British Gold industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.3x which is higher than its 3-year average PE of 21.8x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 31% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Comparison

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

GB Market0.19%
Materials1.53%
Metals and Mining1.69%
Gold3.55%
Diversified Metals and Mining1.87%
Steel1.46%
Precious Metals and Minerals1.13%
Aluminum0%0
Silver0%0
Copper-0.34%
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£5.8218.6%
+UK£468.7m		156.7%PE27.1x
PAF Pan African ResourcesUK£1.213.2%
+UK£77.0m		217.4%PE23.4x
ALTN AltynGoldUK£15.4515.3%
+UK£56.0m		599.1%PE12.6x
ACG ACG MetalsUK£13.109.2%
+UK£26.2m		214.3%PE45.3x
SRB Serabi GoldUK£3.456.5%
+UK£15.9m		169.5%PE7.8x

Latest News

HOC
UK£5.82
Hochschild Mining
7D
18.6%
1Y
156.7%
ALTN
UK£15.45
AltynGold
7D
15.3%
1Y
599.1%
HAMA
UK£0.016
Hamak Strategy
7D
-1.2%
1Y
156.0%
BMV
UK£0.0016
Bluebird Mining Ventures
7D
-15.4%
1Y
-67.0%
SRB
UK£3.45
Serabi Gold
7D
6.5%
1Y
169.5%

SRB: Higher Production And Lower Risk Profile Will Support Future Upside

Analysts have trimmed their price target for Serabi Gold to reflect a slightly lower future P/E assumption of 5.35x, while keeping fair value broadly unchanged. They are reassessing the stock's risk profile and earnings potential under a marginally reduced discount rate of 8.37%.
ORR
UK£0.0031
Oriole Resources
7D
-7.6%
1Y
21.0%
PAF
UK£1.21
Pan African Resources
7D
3.2%
1Y
217.4%

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).
AAU
UK£0.015
Ariana Resources
7D
-3.2%
1Y
-13.0%
ACG
UK£13.10
ACG Metals
7D
9.2%
1Y
214.3%
CORA
UK£0.075
Cora Gold
7D
-0.7%
1Y
226.1%
PAT
UK£0.21
Panthera Resources
7D
2.9%
1Y
159.3%
CGNR
UK£0.13
Conroy Gold and Natural Resources
7D
13.6%
1Y
331.0%
XTR
UK£0.01
Xtract Resources
7D
25.0%
1Y
100.0%
WSBN
UK£0.78
Wishbone Gold
7D
-20.5%
1Y
342.9%