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

UpdatedOct 26, 2025
DataAggregated Company Financials
Companies122
  • 7D1.6%
  • 3M20.4%
  • 1Y11.7%
  • YTD19.6%

The Metals and Mining industry is up 1.6% in the last week, with Rio Tinto Group up 5.4%. In the same time, Fresnillo was down 6.0%. This means that the industry has gained 12% over the past year. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Oct 2025UK£217.9bUK£247.9bUK£6.1b14.4x35.9x0.9x
Tue, 23 Sep 2025UK£198.5bUK£244.2bUK£5.9b12.1x33.4x0.8x
Thu, 21 Aug 2025UK£178.0bUK£245.1bUK£6.0b10x29.5x0.7x
Sat, 19 Jul 2025UK£175.8bUK£245.0bUK£5.9b8.7x29.6x0.7x
Mon, 16 Jun 2025UK£169.8bUK£242.2bUK£5.9b8.2x28.8x0.7x
Wed, 14 May 2025UK£176.3bUK£246.9bUK£6.1b8.8x29.1x0.7x
Fri, 11 Apr 2025UK£155.8bUK£253.3bUK£6.2b7.7x25.1x0.6x
Sun, 09 Mar 2025UK£182.5bUK£253.9bUK£6.2b9.7x29.5x0.7x
Tue, 04 Feb 2025UK£185.4bUK£263.7bUK£7.9b9.2x23.6x0.7x
Thu, 02 Jan 2025UK£181.5bUK£260.8bUK£7.8b9.1x23.3x0.7x
Sat, 30 Nov 2024UK£191.4bUK£257.2bUK£7.7b9.5x25x0.7x
Mon, 28 Oct 2024UK£198.2bUK£252.8bUK£7.6b10.3x26.2x0.8x
Wed, 25 Sep 2024UK£195.0bUK£244.3bUK£7.3b11.1x26.6x0.8x
Fri, 23 Aug 2024UK£189.6bUK£250.3bUK£7.4b11.6x25.6x0.8x
Sun, 21 Jul 2024UK£198.1bUK£246.6bUK£12.2b14.2x16.2x0.8x
Tue, 18 Jun 2024UK£204.8bUK£250.8bUK£12.4b13.9x16.5x0.8x
Thu, 16 May 2024UK£222.5bUK£251.2bUK£12.4b17.5x18x0.9x
Sat, 13 Apr 2024UK£214.5bUK£256.1bUK£12.8b14.1x16.7x0.8x
Mon, 11 Mar 2024UK£184.7bUK£248.2bUK£12.4b12.4x14.8x0.7x
Wed, 07 Feb 2024UK£194.0bUK£262.1bUK£18.0b11.1x10.8x0.7x
Fri, 05 Jan 2024UK£217.0bUK£304.7bUK£27.6b10x7.9x0.7x
Sun, 03 Dec 2023UK£217.7bUK£304.3bUK£27.6b9.1x7.9x0.7x
Tue, 31 Oct 2023UK£206.4bUK£315.6bUK£28.4b10.1x7.3x0.7x
Thu, 28 Sep 2023UK£205.5bUK£316.5bUK£28.4b7.3x7.2x0.6x
Sat, 26 Aug 2023UK£195.2bUK£307.3bUK£28.0b6.9x7x0.6x
Mon, 24 Jul 2023UK£214.8bUK£326.8bUK£38.3b6.9x5.6x0.7x
Wed, 21 Jun 2023UK£212.7bUK£328.8bUK£38.5b7.6x5.5x0.6x
Fri, 19 May 2023UK£206.3bUK£336.6bUK£39.3b7.9x5.2x0.6x
Sun, 16 Apr 2023UK£230.6bUK£336.8bUK£39.4b8.9x5.9x0.7x
Tue, 14 Mar 2023UK£226.1bUK£342.8bUK£40.5b7.4x5.6x0.7x
Thu, 09 Feb 2023UK£256.9bUK£342.9bUK£45.5b6.7x5.6x0.7x
Sat, 07 Jan 2023UK£256.4bUK£343.0bUK£45.5b7.2x5.6x0.7x
Mon, 05 Dec 2022UK£246.3bUK£338.4bUK£45.0b6.7x5.5x0.7x
Wed, 02 Nov 2022UK£216.4bUK£358.6bUK£47.4b5.2x4.6x0.6x
Price to Earnings Ratio

4.6x


Total Market Cap: UK£216.4bTotal Earnings: UK£47.4bTotal Revenue: UK£358.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Metals and Mining Industry Price to Earnings3Y Average 16.6x202320242025
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 35.9x which is higher than its 3-year average PE of 16.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 50% per year over the last three years,
  • Revenues have also declined 12% 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 Market3.02%
Materials1.87%
Metals and Mining1.63%
Steel3.97%
Diversified Metals and Mining2.97%
Copper0.56%
Aluminum0%0
Silver0%0
Precious Metals and Minerals-4.74%
Gold-9.96%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 16.5x.
    • Analysts are expecting annual earnings growth of 29.1%, which is higher than its past year's earnings decline of 12.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 58% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Copper industry is expected to see its earnings grow by 12% 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£53.255.4%
+UK£4.5b		6.0%PE11.2x
AAL Anglo AmericanUK£28.631.0%
+UK£313.0m		3.6%PS1.5x
ANTO AntofagastaUK£26.760.5%
+UK£128.2m		47.8%PE32.2x
HILS Hill & SmithUK£22.006.8%
+UK£111.0m		9.5%PE21.7x
ATYM Atalaya Mining CopperUK£6.554.3%
+UK£38.0m		78.0%PE14.1x

Latest News

MET1
UK£0.041
Metals One
7D
37.3%
1Y
1.3%
GMET
UK£1.08
Guardian Metal Resources
7D
-11.5%
1Y
303.0%
ATYM
UK£6.55
Atalaya Mining Copper
7D
4.3%
1Y
78.0%
RIO
UK£53.25
Rio Tinto Group
7D
5.4%
1Y
6.0%
AAL
UK£28.63
Anglo American
7D
1.0%
1Y
3.6%

Copper Demand And New Merger Will Drive Mining Sector Momentum Forward

Analysts have raised their price target for Anglo American, increasing the fair value estimate from approximately $27.00 to $28.36. This adjustment reflects improved profit margin expectations and a slightly more optimistic outlook on iron ore demand.
ANTO
UK£26.76
Antofagasta
7D
0.5%
1Y
47.8%
PAF
UK£0.88
Pan African Resources
7D
-2.1%
1Y
142.3%
HOC
UK£3.48
Hochschild Mining
7D
-17.7%
1Y
45.5%
FRES
UK£22.12
Fresnillo
7D
-6.0%
1Y
191.6%
GLEN
UK£3.46
Glencore
7D
0.07%
1Y
-14.4%

Normalized Copper Production And Argentina Projects Will Shape Future Success

Glencore's analyst price target has been raised, with consensus estimates increasing to 400 GBp from 370 GBp. Analysts cite improved profit margins and the company's strong operational outlook despite recent calls for further delivery. Analyst Commentary Analyst sentiment towards Glencore remains mixed following the company’s recent target price revisions and ratings changes.
HILS
UK£22.00
Hill & Smith
7D
6.8%
1Y
9.5%

Hill & Smith (LON:HILS) Will Pay A Dividend Of £0.18

Oct 18
Hill & Smith (LON:HILS) Will Pay A Dividend Of £0.18
PRE
UK£1.35
Pensana
7D
-12.1%
1Y
634.7%

Here's Why Pensana (LON:PRE) Can Afford Some Debt

Oct 17
Here's Why Pensana (LON:PRE) Can Afford Some Debt
ALTN
UK£9.04
AltynGold
7D
-9.6%
1Y
276.7%

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
MTL
UK£0.13
Metals Exploration
7D
-9.5%
1Y
102.0%
CAML
UK£1.56
Central Asia Metals
7D
3.0%
1Y
-13.6%
ARS
UK£0.013
Asiamet Resources
7D
25.0%
1Y
61.3%