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

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies123
  • 7D5.7%
  • 3M27.1%
  • 1Y50.3%
  • YTD9.9%

In the last week, the Metals and Mining industry is up 5.7%, with Glencore up 19%. During this same period, the Empire Metals underperformed, falling 6.1%. This takes the industry's 12 month performance to a gain of 50%. Earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

Has the U.K. Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026UK£280.2bUK£245.3bUK£6.0b20.6x47.1x1.1x
Sat, 13 Dec 2025UK£235.9bUK£247.2bUK£6.0b17.4x39.1x1x
Mon, 10 Nov 2025UK£216.5bUK£250.7bUK£6.1b14.8x35.3x0.9x
Wed, 08 Oct 2025UK£213.6bUK£245.9bUK£6.0b15.1x35.5x0.9x
Fri, 05 Sep 2025UK£185.2bUK£245.5bUK£6.0b11.5x31.1x0.8x
Sun, 03 Aug 2025UK£173.7bUK£247.4bUK£6.2b9.4x28.1x0.7x
Tue, 01 Jul 2025UK£166.9bUK£239.5bUK£5.8b7.8x28.6x0.7x
Thu, 29 May 2025UK£171.8bUK£244.1bUK£5.9b9.7x29x0.7x
Sat, 26 Apr 2025UK£170.2bUK£246.7bUK£6.0b8.5x28.2x0.7x
Mon, 24 Mar 2025UK£179.3bUK£254.2bUK£6.3b8.6x28.6x0.7x
Wed, 19 Feb 2025UK£192.1bUK£258.9bUK£7.7b9.4x25x0.7x
Fri, 17 Jan 2025UK£190.3bUK£266.7bUK£8.0b9.3x23.9x0.7x
Sun, 15 Dec 2024UK£189.5bUK£258.8bUK£7.7b9.3x24.6x0.7x
Tue, 12 Nov 2024UK£190.6bUK£254.6bUK£7.6b9.7x25x0.7x
Thu, 10 Oct 2024UK£198.5bUK£250.8bUK£7.5b10.7x26.4x0.8x
Sat, 07 Sep 2024UK£175.0bUK£249.4bUK£7.5b9.9x23.4x0.7x
Mon, 05 Aug 2024UK£193.5bUK£248.0bUK£11.4b11.6x17x0.8x
Wed, 03 Jul 2024UK£209.4bUK£250.9bUK£12.5b12.9x16.8x0.8x
Fri, 31 May 2024UK£219.0bUK£250.1bUK£12.3b15.9x17.8x0.9x
Sun, 28 Apr 2024UK£219.2bUK£255.0bUK£12.6b14.4x17.4x0.9x
Tue, 26 Mar 2024UK£192.8bUK£252.3bUK£12.6b12.2x15.3x0.8x
Thu, 22 Feb 2024UK£185.7bUK£261.5bUK£17.3b10.9x10.7x0.7x
Sat, 20 Jan 2024UK£202.4bUK£304.5bUK£27.6b9.5x7.3x0.7x
Mon, 18 Dec 2023UK£216.1bUK£305.0bUK£27.6b9.7x7.8x0.7x
Wed, 15 Nov 2023UK£208.5bUK£309.0bUK£27.9b10x7.5x0.7x
Fri, 13 Oct 2023UK£206.9bUK£315.6bUK£28.3b9.6x7.3x0.7x
Sun, 10 Sep 2023UK£197.7bUK£309.6bUK£28.0b7.3x7.1x0.6x
Tue, 08 Aug 2023UK£207.5bUK£324.0bUK£33.5b7.5x6.2x0.6x
Thu, 06 Jul 2023UK£208.8bUK£330.2bUK£38.7b7.7x5.4x0.6x
Sat, 03 Jun 2023UK£208.7bUK£335.6bUK£39.2b8.2x5.3x0.6x
Mon, 01 May 2023UK£214.9bUK£333.2bUK£39.0b9.1x5.5x0.6x
Wed, 29 Mar 2023UK£220.3bUK£338.6bUK£39.7b8.5x5.6x0.7x
Fri, 24 Feb 2023UK£240.4bUK£353.3bUK£47.4b6.5x5.1x0.7x
Sun, 22 Jan 2023UK£267.7bUK£335.0bUK£44.6b7.1x6x0.8x
Price to Earnings Ratio

6x


Total Market Cap: UK£267.7bTotal Earnings: UK£44.6bTotal Revenue: UK£335.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Metals and Mining Industry Price to Earnings3Y Average 19.1x202420252026
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 47.1x which is higher than its 3-year average PE of 19.1x.
  • 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 9.9% 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 Market1.35%
Materials5.37%
Metals and Mining5.75%
Gold10.54%
Diversified Metals and Mining5.50%
Copper5.42%
Precious Metals and Minerals3.54%
Aluminum0%0
Silver0%0
Steel-0.10%
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 13.6%, 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 36% 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
GLEN GlencoreUK£4.9118.9%
+UK£9.1b		32.7%PS0.3x
RIO Rio Tinto GroupUK£64.684.4%
+UK£4.5b		31.2%PE13.7x
ANTO AntofagastaUK£36.659.9%
+UK£3.2b		110.9%PE44.4x
FRES FresnilloUK£37.549.1%
+UK£2.3b		451.7%PE81.4x
AAL Anglo AmericanUK£33.206.0%
+UK£2.0b		18.9%PS1.8x

Latest News

HOC
UK£5.88
Hochschild Mining
7D
14.2%
1Y
157.7%
GLEN
UK£4.91
Glencore
7D
18.9%
1Y
32.7%

Glencore plc's (LON:GLEN) Shares Bounce 25% But Its Business Still Trails The Industry

Jan 14
Glencore plc's (LON:GLEN) Shares Bounce 25% But Its Business Still Trails The Industry
FRES
UK£37.54
Fresnillo
7D
9.1%
1Y
451.7%

FRES: Elevated Gold Price Forecasts Will Likely Drive Future Multiple Compression

Fresnillo’s updated fair value estimate has moved from £24.12 to £28.64 per share. This reflects analysts’ higher price targets and refreshed assumptions around revenue growth, profit margins and future P/E levels.
RIO
UK£64.68
Rio Tinto Group
7D
4.4%
1Y
31.2%
AAL
UK£33.20
Anglo American
7D
6.0%
1Y
18.9%

AAL: Rejected Bid And Teck Merger Plans Will Constrain Upside Potential

Analysts have lifted their fair value estimate for Anglo American from £18.70 to about £21.07 per share. They point to updated price targets in the £30.00 to £31.00 range and a reassessment of discount rates, revenue expectations, profit margins and future P/E assumptions to support the change.
COBR
UK£0.042
Cobra Resources
7D
-6.7%
1Y
286.0%
TIN
UK£1.22
Cornish Metals
7D
25.3%
1Y
1,213.5%
PAF
UK£1.25
Pan African Resources
7D
5.2%
1Y
232.4%

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).
ANTO
UK£36.65
Antofagasta
7D
9.9%
1Y
110.9%
AAU
UK£0.015
Ariana Resources
7D
-4.8%
1Y
-9.5%
EEE
UK£0.44
Empire Metals
7D
-6.1%
1Y
521.0%
KAV
UK£0.0063
Kavango Resources
7D
-16.7%
1Y
-26.5%
CMET
UK£0.04
Capital Metals
7D
-14.1%
1Y
132.4%
EUA
UK£0.034
Eurasia Mining
7D
-10.5%
1Y
34.7%
FXPO
UK£0.70
Ferrexpo
7D
-3.4%
1Y
-30.9%
WSBN
UK£0.76
Wishbone Gold
7D
-27.4%
1Y
331.4%