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U.K. (FTSE) Gold Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies20
  • 7D8.0%
  • 3M79.9%
  • 1Y331.2%
  • YTDn/a

The Gold industry is up 8.0% in the last week, with Hochschild Mining up 9.8%. In the same time, Wishbone Gold was down 8.8%. This takes the industry's 12 month performance to a gain of 331%. Looking forward, earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026UK£9.1bUK£1.8bUK£350.2m21.5x26.1x5.2x
Tue, 27 Jan 2026UK£8.2bUK£1.5bUK£271.3m26.4x30.1x5.4x
Thu, 25 Dec 2025UK£6.1bUK£1.5bUK£275.2m18.5x22.3x4x
Sat, 22 Nov 2025UK£4.6bUK£1.6bUK£281.8m15.9x16.3x2.9x
Mon, 20 Oct 2025UK£5.0bUK£1.6bUK£274.7m17.2x18x3.2x
Wed, 17 Sep 2025UK£4.2bUK£1.5bUK£246.8m11.5x16.8x2.9x
Fri, 15 Aug 2025UK£3.4bUK£1.2bUK£165.3m8.9x20.7x2.8x
Sun, 13 Jul 2025UK£3.1bUK£1.2bUK£176.7m7.7x17.4x2.6x
Tue, 10 Jun 2025UK£4.9bUK£1.2bUK£185.1m10.7x26.7x4.1x
Thu, 08 May 2025UK£4.8bUK£1.2bUK£183.3m10.7x26.2x4x
Sat, 05 Apr 2025UK£4.0bUK£1.2bUK£175.3m9.5x22.8x3.2x
Mon, 03 Mar 2025UK£3.2bUK£1.2bUK£64.3m7.2x49.7x2.6x
Wed, 29 Jan 2025UK£2.9bUK£1.2bUK£61.5m6.2x47x2.3x
Fri, 27 Dec 2024UK£2.9bUK£1.2bUK£59.7m5.7x47.9x2.3x
Sun, 24 Nov 2024UK£4.7bUK£1.9bUK£118.1m11.6x39.4x2.4x
Tue, 22 Oct 2024UK£5.0bUK£1.9bUK£115.0m11.8x43.2x2.6x
Thu, 19 Sep 2024UK£4.0bUK£1.9bUK£123.6m9.1x32x2.1x
Sat, 17 Aug 2024UK£3.6bUK£1.8bUK£44.2m7.1x82.2x2x
Mon, 15 Jul 2024UK£3.7bUK£1.8bUK£48.9m8.2x75.9x2.1x
Wed, 12 Jun 2024UK£3.4bUK£1.8bUK£49.3m7.7x69x1.9x
Fri, 10 May 2024UK£3.6bUK£2.0bUK£64.4m11.9x55.4x1.8x
Sun, 07 Apr 2024UK£3.3bUK£2.0bUK£39.7m14.4x83x1.6x
Tue, 05 Mar 2024UK£2.8bUK£2.0bUK£34.0m11.7x82.2x1.4x
Thu, 01 Feb 2024UK£3.9bUK£4.8b-UK£195,117,456.009x-20.1x0.8x
Sat, 30 Dec 2023UK£4.1bUK£4.8b-UK£195,735,506.008.2x-20.8x0.8x
Mon, 27 Nov 2023UK£3.9bUK£4.9b-UK£196,080,729.009x-19.9x0.8x
Wed, 25 Oct 2023UK£3.5bUK£4.9b-UK£193,970,825.0010x-18.2x0.7x
Fri, 22 Sep 2023UK£3.6bUK£4.9b-UK£196,280,016.007.5x-18.4x0.7x
Sun, 20 Aug 2023UK£3.5bUK£4.8b-UK£162,023,891.007x-21.6x0.7x
Tue, 18 Jul 2023UK£3.6bUK£4.7b-UK£163,136,940.005.9x-22x0.8x
Thu, 15 Jun 2023UK£3.5bUK£4.8b-UK£167,291,608.006.2x-21.1x0.7x
Sat, 13 May 2023UK£4.2bUK£4.9b-UK£164,125,177.008.7x-25.9x0.9x
Mon, 10 Apr 2023UK£4.2bUK£4.9b-UK£124,463,876.0010x-33.7x0.9x
Wed, 08 Mar 2023UK£3.7bUK£4.9bUK£292.0m8.9x12.8x0.8x
Price to Earnings Ratio

12.8x


Total Market Cap: UK£3.7bTotal Earnings: UK£292.0mTotal Revenue: UK£4.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Gold Industry Price to Earnings3Y Average 22.3x202420252026
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 26.1x which is higher than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 6.2% per year over the last three years.
  • Meanwhile revenues for these companies have declined 29% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

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

GB Market1.91%
Materials4.18%
Metals and Mining4.63%
Gold8.01%
Copper6.67%
Precious Metals and Minerals6.37%
Diversified Metals and Mining3.54%
Aluminum0%0
Silver0%0
Steel-3.86%
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£8.099.8%
+UK£370.4m		340.8%PE37.8x
PAF Pan African ResourcesUK£1.796.7%
+UK£227.1m		426.3%PE20.3x
ALTN AltynGoldUK£16.208.0%
+UK£32.8m		426.0%PE13.2x
ACG ACG MetalsUK£15.006.4%
+UK£21.8m		240.1%PE52.7x
SRB Serabi GoldUK£3.416.2%
+UK£15.1m		128.9%PE7.8x

Latest News

ACG
UK£15.00
ACG Metals
7D
6.4%
1Y
240.1%
ORR
UK£0.0032
Oriole Resources
7D
-1.5%
1Y
52.4%
SRB
UK£3.41
Serabi Gold
7D
6.2%
1Y
128.9%

SRB: Production Recovery And Guidance Will Underpin Stronger Future Upside Potential

Analysts have slightly reduced their price target for Serabi Gold to reflect a lower forward P/E assumption of 4.77x, while keeping revenue growth, profit margin and fair value estimates broadly unchanged. This has resulted in a modest reduction in their implied £ per share valuation.
PAF
UK£1.79
Pan African Resources
7D
6.7%
1Y
426.3%
HOC
UK£8.09
Hochschild Mining
7D
9.8%
1Y
340.8%

HOC: Mixed Broker Views And 2026 Guidance Will Shape Measured Upside

Analysts have nudged their price targets on Hochschild Mining higher, with recent increases of £1.40 at Berenberg and £0.20 at JPMorgan, tied to updated views on fair value, discount rates and future P/E assumptions. Analyst Commentary Recent research has focused on how fair value assumptions, discount rates and forward P/E levels should line up for Hochschild Mining, which is why you are seeing price target changes in quick succession.
FCM
UK£0.01
First Class Metals
7D
-6.8%
1Y
-57.3%
HAMA
UK£0.01
Hamak Strategy
7D
-9.1%
1Y
60.0%
CORA
UK£0.097
Cora Gold
7D
-0.5%
1Y
228.8%
BMV
UK£0.001
Bluebird Mining Ventures
7D
-20.0%
1Y
-84.6%
ECR
UK£0.003
ECR Minerals
7D
15.4%
1Y
27.7%
GRL
UK£0.008
Goldstone Resources
7D
-3.0%
1Y
-28.9%
CGNR
UK£0.15
Conroy Gold and Natural Resources
7D
-1.6%
1Y
408.5%
AAU
UK£0.022
Ariana Resources
7D
17.3%
1Y
15.8%
ALTN
UK£16.20
AltynGold
7D
8.0%
1Y
426.0%

Market Might Still Lack Some Conviction On AltynGold plc (LON:ALTN) Even After 26% Share Price Boost

Jan 27
Market Might Still Lack Some Conviction On AltynGold plc (LON:ALTN) Even After 26% Share Price Boost
XTR
UK£0.012
Xtract Resources
7D
14.3%
1Y
118.2%
WSBN
UK£0.67
Wishbone Gold
7D
-8.8%
1Y
282.9%