Has the Hong Kong Metals and Mining Industry valuation changed over the past few years?

Investors are pessimistic on the Hong Kong Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 15.2x which is lower than its 3-year average PE of 19.0x. The industry is trading close to its 3-year average PS ratio of 0.66x.

Which industries have driven the changes within the Hong Kong Materials industry?

Investors are most optimistic about the Diversified Metals and Mining industry, which is trading close to its 3-year average PE ratio of 21.3x. Analysts are expecting annual earnings growth of 37.4%, which is lower than the prior year's growth of 61.1% per year.

Hong Kong (HSI) Metals and Mining Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 12 Jul 2026	HK$1.3t	HK$2.0t	HK$86.5b	12.1x	15.2x	0.7x
Tue, 09 Jun 2026	HK$1.5t	HK$2.0t	HK$86.1b	14.1x	17.3x	0.7x
Thu, 07 May 2026	HK$1.9t	HK$2.0t	HK$85.7b	18.3x	21.9x	0.9x
Sat, 04 Apr 2026	HK$2.0t	HK$1.9t	HK$76.7b	20.9x	25.7x	1x
Mon, 02 Mar 2026	HK$2.3t	HK$1.9t	HK$77.3b	20.1x	29.7x	1.2x
Wed, 28 Jan 2026	HK$2.3t	HK$1.8t	HK$76.2b	20.8x	30.4x	1.3x
Fri, 26 Dec 2025	HK$1.8t	HK$1.8t	HK$75.2b	17.1x	23.7x	1x
Sun, 23 Nov 2025	HK$1.5t	HK$1.8t	HK$74.5b	15x	20.6x	0.9x
Tue, 21 Oct 2025	HK$1.5t	HK$1.8t	HK$65.6b	16.8x	23.2x	0.9x
Thu, 18 Sep 2025	HK$2.1t	HK$2.3t	HK$144.3b	14x	14.3x	0.9x
Sat, 16 Aug 2025	HK$1.8t	HK$2.3t	HK$132.6b	12.4x	13.8x	0.8x
Mon, 14 Jul 2025	HK$1.5t	HK$2.3t	HK$131.4b	9.6x	11.6x	0.7x
Wed, 11 Jun 2025	HK$1.4t	HK$2.3t	HK$130.7b	10.1x	11x	0.6x
Fri, 09 May 2025	HK$1.3t	HK$2.3t	HK$110.1b	8.9x	12.1x	0.6x
Sun, 06 Apr 2025	HK$1.3t	HK$2.3t	HK$98.9b	9.9x	13.3x	0.6x
Tue, 04 Mar 2025	HK$1.2t	HK$2.2t	HK$86.0b	11.5x	14x	0.5x
Thu, 30 Jan 2025	HK$1.2t	HK$2.2t	HK$86.7b	10.8x	14x	0.5x
Sat, 28 Dec 2024	HK$1.1t	HK$2.2t	HK$85.8b	9.9x	13.4x	0.5x
Mon, 25 Nov 2024	HK$1.2t	HK$2.2t	HK$86.7b	9.9x	13.7x	0.5x
Wed, 23 Oct 2024	HK$1.3t	HK$2.3t	HK$91.4b	9.6x	14.6x	0.6x
Fri, 20 Sep 2024	HK$1.1t	HK$2.3t	HK$88.3b	8.8x	12.9x	0.5x
Sun, 18 Aug 2024	HK$1.1t	HK$2.2t	HK$72.6b	10x	15.8x	0.5x
Tue, 16 Jul 2024	HK$1.3t	HK$2.2t	HK$64.2b	11.8x	20.7x	0.6x
Thu, 13 Jun 2024	HK$1.3t	HK$2.2t	HK$64.3b	10.8x	19.7x	0.6x
Sat, 11 May 2024	HK$1.3t	HK$2.2t	HK$64.5b	12.4x	20.8x	0.6x
Mon, 08 Apr 2024	HK$1.3t	HK$2.2t	HK$62.9b	11.6x	19.9x	0.6x
Wed, 06 Mar 2024	HK$1.0t	HK$2.2t	HK$45.3b	9.9x	22.1x	0.5x
Fri, 02 Feb 2024	HK$904.0b	HK$2.2t	HK$41.0b	9x	22x	0.4x
Sun, 31 Dec 2023	HK$941.6b	HK$2.3t	HK$41.4b	9.7x	22.7x	0.4x
Tue, 28 Nov 2023	HK$914.6b	HK$2.2t	HK$40.9b	8.3x	22.3x	0.4x
Thu, 26 Oct 2023	HK$926.6b	HK$2.2t	HK$33.3b	8.8x	27.8x	0.4x
Sat, 23 Sep 2023	HK$996.9b	HK$2.2t	HK$33.4b	9.5x	29.9x	0.5x
Mon, 21 Aug 2023	HK$937.4b	HK$2.2t	HK$46.5b	8.4x	20.1x	0.4x
Wed, 19 Jul 2023	HK$967.4b	HK$2.3t	HK$63.3b	7.2x	15.3x	0.4x


HK Market	1.31%
Materials	-3.93%
Metals and Mining	-3.60%
Aluminum	-0.59%
Steel	-2.31%
Copper	-2.36%
Diversified Metals and Mining	-5.08%
Gold	-7.27%
Silver	-19.34%

Company	Last Price	7D	1Y	Valuation
486 United Company RUSAL International	HK$3.11	3.0% +HK$1.4b	-19.8%	PS0.4x
2546 Xizang Zhihui Mining	HK$15.70	2.7% +HK$204.9m	n/a	PE44.1x
975 Mongolian Mining	HK$6.82	1.6% +HK$113.8m	-7.5%	PE147.5x
2623 Hong Kong Gold Industry Group	HK$4.69	4.7% +HK$110.3m	857.1%	PS28.2x
159 Brockman Mining	HK$0.08	11.1% +HK$74.2m	-7.0%	PB1.6x

Announcement • Jul 04

MMG Limited Provides Exploration Results For Dugald River Wallaroo Copper Prospect

MMG Limited provided the exploration update at Dugald River Mine. Since 2021, the MMG Dugald River team has drilled nineteen diamond holes totalling 13,688 metres into the Wallaroo Copper prospect (previously known as Target Z) as part of the Dugald River Copper Growth Program. Results from drilling at Wallaroo Copper have produced extensive anomalous copper and gold intersections in near mine hanging wall copper anomalies with nine of the nineteen holes drilled intersecting (>0.1% copper) mineralisation. Mineralisation is structurally controlled, consisting of discontinuous, fracture-fill, disseminated and massive chalcopyrite and pyrrhotite. The sulphides occur in moderately to intensively altered and folded host rocks of the Mount Roseby Corridor. The geological features observed in these intercepts are analogous to ‘orogenic’ copper deposits. Assays returned some exceptional elevated copper and gold. Mineralisation appears to be partly controlled by the lithological contact between the Mount Roseby Schist unit to the west and the Dugald slates to the east. The intersection of north-east and north-south trending structural features appear to influence the fracturing and brecciation of the altered and folded host units developing dilation and eventually leading to mineralisation. Significant assays include: DR646: 56.3m @ 0.50% Cu and 0.12g/t Au from 387.2m (incl 20.0m @ 0.99% Cu and 0.07g/t Au from 501.0m) 44m @ 0.58% Cu and 0.17g/t Au and 1078ppm Mo from 578.0m; DR662: 44.0m @ 0.50% Cu and 0.06g/t Au from 318.0m 147.0m @ 0.39% Cu and 0.06g/t Au from 390.0m (incl. 10.0m @ 1.57% Cu and 0.25g/t Au from 482.0m); DR663: 75.4m @ 0.41% Cu and 0.04g/t Au from 331.0m (incl. 7.4m @ 1.17% Cu and 0.08g/t Au from 335.9m) 17.0m @ 0.88% Cu and 0.12g/t Au from 592.0m 25.3m @ 0.61% Cu and 0.05g/t Au from 698.7m; DR664: 157.8m @ 2.02% Cu and 0.41g/t Au from 370.0m (incl. 63.8m @ 4.63% Cu and 0.97g/t Au from 464.0m) (incl. 7.1m @ 19.86% Cu and 2.13g/t Au and 1300ppm Co from 472.7m) (incl. 7.0m @ 4.57% Cu and 0.91g/t Au from 492.0m) 18.8m @ 0.70% Cu and 0.23g/t Au and 2566ppm Mo from 585.0m 50.0m @ 0.97% Cu and 0.10 g/t Au from 404.0m 63.0m @ 1.57% Cu and 0.80 g/t Au from 472.0m (incl. 6.9m @ 7.59% Cu and 2.72g/t Au from 480.0m) 97.1m @ 3.10 % Cu and 0.97 g/t Au from 393m (incl. 6.9m @ 19.93% Cu and 7.26g/t Au from 443.2m) (incl. 8.1m @ 10.13 % Cu and 2.60 g/t Au from 458.4) 143.1m @ 1.54 % Cu and 0.32 g/t Au from 371m (incl. 21m @ 3.39% Cu and 1.01g/t Au from 451.9m) (incl. 5.6m @ 10.03 % Cu and 1.15g/t Au from 483.4m) 18.0m @ 3.19 % Cu and 1.47 g/t Au from 527m (Incl 6.6m @ 5.11 % Cu and 1.94 g/t Au from 541m; DR665: DR681: DR681D1: DU4503: DU4504: 14m @ 2.23% Cu and 1.42 g/t Au from 541m. The drilling and exploration program at Dugald River has successfully delineated encouraging copper mineralisation within the broader tenement package surrounding the existing zinc-lead-silver operation. These results at Wallaroo underscore the substantial copper potential at Dugald River and demonstrate the prospectivity of the tenure for copper discoveries beyond the current primary zinc focus. MMG will continue to assess how best to maximise the value of its copper minerals at Dugald River going forward. This includes further evaluation of the exploration data, potential resource definition, and strategic options to unlock additional value for shareholders while maintaining strong operational performance at the existing zinc operation. The Dugald River Mineral System, including the Dugald River Zn-Pb-Ag ore deposit, is hosted in the Roseby Schist package located within the 3 to 4km wide north-south trending high-strain domain of the Mount Roseby Corridor. The Mount Roseby corridor lies in the northern half of the Mary Kathleen Domain, part of the Eastern succession of the Mount Isa Inlier. The Mount Roseby Corridor has experienced complex polyphase deformation and metamorphism, with at least four phases of deformation recorded in the rocks at Dugald River. This deformation resulted in widespread alteration and transposition of both stratigraphy and pre-existing structural fabrics. The Mount Roseby corridor is bordered to the west by the Knapdale Quartzite and the east by the Mount Rose Bee Fault. The Knapdale Quartzite forms a prominent range of hills within the local area. The Mount Roseby corridor is comprised of the Mount Roseby Schist Formation that includes the local hanging wall calc-silicates, Dugald River Slate package (host package of the Dugald Lode) and the Footwall Limestone. The slates and the footwall limestones are metasomatised from calcareous to carbonaceous. Overall, this package forms part of the Mount Albert Group. Copper (Cu) prospects are common around the greater Dugald River district. The Little Eva iron oxide-copper gold (IOCG) deposit, approximately 10 kilometres to the north of Dugald River Mine, is the largest and most well known in the local area. Other smaller prospects and plays occur close to Dugald including Blackard, Scanlon, Turkey Creek, Legend and Lady Clayre. These deposits make up the Eva Copper Project that is currently under development. Numerous local historic copper workings occur close to the Dugald River Zn-Pb-Ag lode. Historic copper workings along strike to the south follow the contact of the Dugald River slate and the metamorphosed calc-silicate unit of the Mount Roseby Schist. Wallaroo Flat and Godkin were some of the more advanced workings. Secondary copper minerals (e.g., malachite) occur in outcrop indicating a structural link to the surface and were clearly the target for early artisanal workings. Copper mineralisation is also persistent in the hanging wall adjacent to the Dugald River Zn-Pb-Ag lode. Massive to disseminated chalcopyrite occurs in the hanging wall of the South Mine. This mineralisation is often associated with gold and locally high in molybdenum. The second type occurs in the South Mine between the main lens and hanging wall lens with lower gold grades but with associated cobalt which is locally elevated (>1% cobalt). The hanging-wall copper-gold mineralisation occurs primarily as chalcopyrite within or at the mica schist contact but can extend into the mafic porphyry unit and folded black slate lithologies. The source of the copper in the hanging wall zones of Dugald River remain elusive. Previous efforts to determine the extent the copper mineralisation to the south had failed to intersect significant mineralisation.

Hong Kong (HSI) Metals and Mining Industry Analysis

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