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

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies123
  • 7D4.9%
  • 3M30.8%
  • 1Y45.7%
  • YTD9.5%

The Metals and Mining industry is up 4.9% in the last week, with Rio Tinto Group up 5.7%. In the same time, Empire Metals was down 5.6%. This takes the industry's 12 month performance to a gain of 46%. Looking forward, 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
Sun, 18 Jan 2026UK£279.5bUK£246.4bUK£6.0b20.3x46.7x1.1x
Tue, 16 Dec 2025UK£237.6bUK£246.6bUK£6.0b17.8x39.5x1x
Thu, 13 Nov 2025UK£225.3bUK£251.3bUK£6.2b15x36.6x0.9x
Sat, 11 Oct 2025UK£214.1bUK£247.2bUK£6.0b15.8x35.4x0.9x
Mon, 08 Sep 2025UK£189.1bUK£244.3bUK£5.9b11.6x32.3x0.8x
Wed, 06 Aug 2025UK£171.5bUK£247.1bUK£6.4b9.4x26.8x0.7x
Fri, 04 Jul 2025UK£173.5bUK£240.8bUK£5.8b8.2x29.7x0.7x
Sun, 01 Jun 2025UK£172.6bUK£244.0bUK£6.0b9.7x29x0.7x
Tue, 29 Apr 2025UK£169.0bUK£244.5bUK£6.0b8.6x28.2x0.7x
Thu, 27 Mar 2025UK£184.3bUK£254.8bUK£6.3b8.8x29.4x0.7x
Sat, 22 Feb 2025UK£188.6bUK£259.0bUK£6.4b9.1x29.7x0.7x
Mon, 20 Jan 2025UK£194.1bUK£268.3bUK£8.0b9.3x24.3x0.7x
Wed, 18 Dec 2024UK£185.7bUK£256.8bUK£7.7b9.4x24.3x0.7x
Fri, 15 Nov 2024UK£184.5bUK£258.7bUK£7.8b9.9x23.8x0.7x
Sun, 13 Oct 2024UK£200.4bUK£250.8bUK£7.5b10.9x26.7x0.8x
Tue, 10 Sep 2024UK£176.4bUK£250.6bUK£7.5b10.2x23.4x0.7x
Thu, 08 Aug 2024UK£191.4bUK£250.4bUK£11.5b11.3x16.6x0.8x
Sat, 06 Jul 2024UK£214.4bUK£248.4bUK£12.3b13x17.4x0.9x
Mon, 03 Jun 2024UK£219.0bUK£250.0bUK£12.3b15.8x17.8x0.9x
Wed, 01 May 2024UK£218.1bUK£255.1bUK£12.6b14.7x17.3x0.9x
Fri, 29 Mar 2024UK£195.4bUK£252.6bUK£12.6b12.3x15.5x0.8x
Sun, 25 Feb 2024UK£185.9bUK£251.5bUK£12.6b11x14.7x0.7x
Tue, 23 Jan 2024UK£199.0bUK£304.3bUK£27.6b9.3x7.2x0.7x
Thu, 21 Dec 2023UK£220.7bUK£305.4bUK£27.7b10.2x8x0.7x
Sat, 18 Nov 2023UK£214.5bUK£310.2bUK£28.0b10.2x7.7x0.7x
Mon, 16 Oct 2023UK£206.1bUK£316.4bUK£28.4b9.8x7.3x0.7x
Wed, 13 Sep 2023UK£202.4bUK£309.2bUK£28.0b6.8x7.2x0.7x
Fri, 11 Aug 2023UK£204.0bUK£303.8bUK£27.7b7.3x7.4x0.7x
Sun, 09 Jul 2023UK£202.7bUK£327.3bUK£38.4b7.2x5.3x0.6x
Tue, 06 Jun 2023UK£208.4bUK£336.2bUK£39.3b8.1x5.3x0.6x
Thu, 04 May 2023UK£212.0bUK£333.7bUK£39.1b8.3x5.4x0.6x
Sat, 01 Apr 2023UK£226.1bUK£338.7bUK£39.6b8.9x5.7x0.7x
Mon, 27 Feb 2023UK£233.9bUK£349.0bUK£41.1b8.5x5.7x0.7x
Wed, 25 Jan 2023UK£267.2bUK£336.7bUK£44.8b7.1x6x0.8x
Price to Earnings Ratio

6x


Total Market Cap: UK£267.2bTotal Earnings: UK£44.8bTotal Revenue: UK£336.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Metals and Mining Industry Price to Earnings3Y Average 19.2x202420252026
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 46.7x which is higher than its 3-year average PE of 19.2x.
  • 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 9.8% 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 Market1.33%
Materials4.52%
Metals and Mining4.85%
Gold8.02%
Diversified Metals and Mining4.97%
Precious Metals and Minerals4.55%
Copper2.54%
Steel1.76%
Aluminum0%0
Silver0%0
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 13.7%, 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 35% 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
RIO Rio Tinto GroupUK£63.475.7%
+UK£5.5b		25.9%PE13.4x
GLEN GlencoreUK£4.795.7%
+UK£3.0b		25.9%PS0.3x
FRES FresnilloUK£37.466.8%
+UK£1.8b		462.5%PE81x
ANTO AntofagastaUK£35.602.5%
+UK£857.7m		101.8%PE43x
TIN Cornish MetalsUK£1.2629.2%
+UK£393.3m		1,262.2%PB16.8x

Latest News

FRES
UK£37.46
Fresnillo
7D
6.8%
1Y
462.5%

Fresnillo plc (LON:FRES) Looks Just Right With A 28% Price Jump

Jan 16
Fresnillo plc (LON:FRES) Looks Just Right With A 28% Price Jump
SAV
UK£0.048
Savannah Resources
7D
-2.0%
1Y
10.3%
SRB
UK£3.30
Serabi Gold
7D
-1.5%
1Y
153.8%
HOC
UK£5.86
Hochschild Mining
7D
12.0%
1Y
165.5%
GLEN
UK£4.79
Glencore
7D
5.7%
1Y
25.9%

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
RIO
UK£63.47
Rio Tinto Group
7D
5.7%
1Y
25.9%
AAL
UK£32.40
Anglo American
7D
0.7%
1Y
12.0%

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.
TIN
UK£1.26
Cornish Metals
7D
29.2%
1Y
1,262.2%
PAF
UK£1.25
Pan African Resources
7D
4.2%
1Y
228.8%

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£35.60
Antofagasta
7D
2.5%
1Y
101.8%
EEE
UK£0.42
Empire Metals
7D
-5.6%
1Y
502.0%
KAV
UK£0.0065
Kavango Resources
7D
-10.3%
1Y
-23.5%
CMET
UK£0.04
Capital Metals
7D
-13.0%
1Y
128.6%
SML
UK£0.013
Strategic Minerals
7D
-11.3%
1Y
454.2%
CGS
UK£2.67
Castings
7D
-3.6%
1Y
1.9%
WSBN
UK£0.69
Wishbone Gold
7D
-27.4%
1Y
294.3%