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

UpdatedSep 10, 2025
DataAggregated Company Financials
Companies122
  • 7D4.3%
  • 3M13.1%
  • 1Y10.5%
  • YTD4.9%

Over the last 7 days, the Metals and Mining industry has risen 4.3%, driven by gains from Anglo American of 11%. Meanwhile, Eurasia Mining actually underperformed within the industry, shrinking 15% in the last week. This takes the industry's 12 month performance to a gain of 10%. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Sep 2025UK£193.2bUK£244.0bUK£5.8b11.5x33.1x0.8x
Fri, 08 Aug 2025UK£175.3bUK£244.6bUK£5.8b9.6x30x0.7x
Sun, 06 Jul 2025UK£171.9bUK£240.8bUK£5.8b8.2x29.5x0.7x
Tue, 03 Jun 2025UK£170.2bUK£242.7bUK£5.9b9.7x28.7x0.7x
Thu, 01 May 2025UK£164.6bUK£246.5bUK£6.0b8.3x27.2x0.7x
Sat, 29 Mar 2025UK£178.1bUK£253.7bUK£6.2b8.6x28.7x0.7x
Mon, 24 Feb 2025UK£188.6bUK£259.3bUK£6.4b9.1x29.7x0.7x
Wed, 22 Jan 2025UK£194.8bUK£264.8bUK£7.9b9.3x24.7x0.7x
Fri, 20 Dec 2024UK£180.9bUK£260.7bUK£7.8b9.4x23.3x0.7x
Sun, 17 Nov 2024UK£186.9bUK£259.8bUK£7.8b9.9x24x0.7x
Tue, 15 Oct 2024UK£200.4bUK£250.8bUK£7.5b10.9x26.7x0.8x
Thu, 12 Sep 2024UK£176.8bUK£251.1bUK£7.5b9.9x23.4x0.7x
Sat, 10 Aug 2024UK£191.7bUK£256.6bUK£7.7b11.1x25x0.7x
Mon, 08 Jul 2024UK£214.4bUK£248.4bUK£12.3b13x17.4x0.9x
Wed, 05 Jun 2024UK£213.0bUK£249.5bUK£12.3b15.2x17.3x0.9x
Fri, 03 May 2024UK£216.1bUK£254.3bUK£12.6b14.4x17.2x0.9x
Sun, 31 Mar 2024UK£195.4bUK£252.7bUK£12.6b12.5x15.5x0.8x
Tue, 27 Feb 2024UK£182.0bUK£251.3bUK£12.6b11x14.5x0.7x
Thu, 25 Jan 2024UK£206.9bUK£304.2bUK£27.6b9x7.5x0.7x
Sat, 23 Dec 2023UK£221.4bUK£303.8bUK£27.5b10.4x8x0.7x
Mon, 20 Nov 2023UK£214.4bUK£309.5bUK£27.9b10.2x7.7x0.7x
Wed, 18 Oct 2023UK£209.5bUK£315.1bUK£28.3b9.7x7.4x0.7x
Fri, 15 Sep 2023UK£210.0bUK£310.6bUK£28.1b7.2x7.5x0.7x
Sun, 13 Aug 2023UK£200.5bUK£304.3bUK£27.8b7.1x7.2x0.7x
Tue, 11 Jul 2023UK£201.2bUK£327.2bUK£38.4b7.3x5.2x0.6x
Thu, 08 Jun 2023UK£210.5bUK£336.0bUK£39.2b7.5x5.4x0.6x
Sat, 06 May 2023UK£211.3bUK£331.4bUK£38.8b8.4x5.4x0.6x
Mon, 03 Apr 2023UK£226.1bUK£338.7bUK£39.6b8.9x5.7x0.7x
Wed, 01 Mar 2023UK£235.5bUK£345.2bUK£40.7b8.8x5.8x0.7x
Fri, 27 Jan 2023UK£266.0bUK£335.6bUK£44.7b7.2x6x0.8x
Sun, 25 Dec 2022UK£250.4bUK£343.4bUK£45.6b6.8x5.5x0.7x
Tue, 22 Nov 2022UK£231.4bUK£349.8bUK£46.4b6.3x5x0.7x
Thu, 20 Oct 2022UK£207.5bUK£364.5bUK£48.1b5.3x4.3x0.6x
Sat, 17 Sep 2022UK£214.6bUK£359.7bUK£48.2b5.3x4.5x0.6x
Price to Earnings Ratio

4.5x


Total Market Cap: UK£214.6bTotal Earnings: UK£48.2bTotal Revenue: UK£359.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Metals and Mining Industry Price to Earnings3Y Average 15.7x202320242025
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 33.1x which is higher than its 3-year average PE of 15.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 51% 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 Market1.44%
Materials4.07%
Metals and Mining4.33%
Gold9.51%
Diversified Metals and Mining3.79%
Copper3.11%
Steel1.07%
Aluminum0%0
Silver0%0
Precious Metals and Minerals-5.37%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 15.7x.
    • Analysts are expecting annual earnings growth of 27.7%, which is higher than its past year's earnings decline of 20.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings decline of 57% per year.
  • In contrast, the Copper industry is expected to see its earnings grow by 5.2% 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
AAL Anglo AmericanUK£25.3110.6%
+UK£2.6b		11.3%PS1.4x
GLEN GlencoreUK£2.973.4%
+UK£1.1b		-18.2%PS0.2x
FRES FresnilloUK£21.744.8%
+UK£736.9m		319.3%PE47.6x
PAF Pan African ResourcesUK£0.7911.9%
+UK£170.3m		172.8%PE25.7x
ACG ACG MetalsUK£7.9015.3%
+UK£22.7m		64.6%PS4x

Latest News

SLP
UK£0.77
Sylvania Platinum
7D
-4.4%
1Y
78.3%
ATYM
UK£5.43
Atalaya Mining Copper
7D
2.3%
1Y
55.6%
PRE
UK£1.15
Pensana
7D
-5.0%
1Y
700.7%
AAL
UK£25.31
Anglo American
7D
10.6%
1Y
11.3%
PAF
UK£0.79
Pan African Resources
7D
11.9%
1Y
172.8%

Investors Met With Slowing Returns on Capital At Pan African Resources (LON:PAF)

Sep 09
Investors Met With Slowing Returns on Capital At Pan African Resources (LON:PAF)
EEE
UK£0.56
Empire Metals
7D
-20.3%
1Y
717.4%

Companies Like Empire Metals (LON:EEE) Are In A Position To Invest In Growth

Sep 06
Companies Like Empire Metals (LON:EEE) Are In A Position To Invest In Growth
ACG
UK£7.90
ACG Metals
7D
15.3%
1Y
64.6%
HILS
UK£21.05
Hill & Smith
7D
1.2%
1Y
5.5%

US Infrastructure Investments And Urbanization Will Expand Market

Analysts maintained a positive outlook on Hill & Smith, citing share buybacks, balance sheet strength, and sustained earnings momentum as key drivers, with the consensus price target unchanged at £24.09. Analyst Commentary Bullish analysts cite the GBP 100M buyback as providing a meaningful return of capital to shareholders.
ANTO
UK£21.96
Antofagasta
7D
-0.05%
1Y
30.2%

Antofagasta (LON:ANTO) Is Doing The Right Things To Multiply Its Share Price

Sep 05
Antofagasta (LON:ANTO) Is Doing The Right Things To Multiply Its Share Price
FRES
UK£21.74
Fresnillo
7D
4.8%
1Y
319.3%
RIO
UK£45.85
Rio Tinto Group
7D
-0.6%
1Y
-1.0%

Energy Transition Will Accelerate Copper And Lithium Expansion Despite Headwinds

Analysts have modestly lowered their price target for Rio Tinto Group to £51.49, reflecting increased caution due to downside risks in iron ore prices and muted Chinese stimulus, with earnings estimates trimmed and consensus now factoring a more conservative commodity outlook. Analyst Commentary Bearish analysts flag downside risks to iron ore prices, particularly in the months ahead, impacting Rio Tinto’s earnings outlook.
GLEN
UK£2.97
Glencore
7D
3.4%
1Y
-18.2%

Normalized Copper Production And Argentina Projects Will Shape Future Success

Despite near-term concerns over coal price weakness and commodity volatility, analysts remain divided on Glencore, with operational resilience and medium-term prospects balancing cautious views and leaving the consensus price target unchanged at £3.71. Analyst Commentary Bearish analysts highlight near-term pressure on Glencore's free cash flow resulting from weakness in coal prices.
ALTN
UK£7.98
AltynGold
7D
-6.1%
1Y
315.6%
SRB
UK£2.35
Serabi Gold
7D
10.6%
1Y
207.2%
EUA
UK£0.034
Eurasia Mining
7D
-18.6%
1Y
67.9%
CAML
UK£1.50
Central Asia Metals
7D
-14.4%
1Y
-15.7%