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U.S. Metals and Mining Industry Analysis

UpdatedDec 05, 2025
DataAggregated Company Financials
Companies267
  • 7D2.1%
  • 3M18.6%
  • 1Y52.7%
  • YTD70.7%

Over the last 7 days, the Metals and Mining industry has risen 2.1%, driven by gains from Southern Copper of 5.2%. During this same period, the AngloGold Ashanti underperformed, falling 6.2%. In the last 12 months, the industry was up 53%. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025US$628.5bUS$248.3bUS$22.5b22.6x27.9x2.5x
Mon, 03 Nov 2025US$582.9bUS$246.9bUS$22.3b23.4x26.1x2.4x
Wed, 01 Oct 2025US$573.4bUS$245.5bUS$20.3b23.9x28.3x2.3x
Fri, 29 Aug 2025US$512.7bUS$244.5bUS$20.3b23.1x25.2x2.1x
Sun, 27 Jul 2025US$488.2bUS$243.0bUS$18.9b22.1x25.8x2x
Tue, 24 Jun 2025US$451.4bUS$243.9bUS$17.7b21.5x25.5x1.9x
Thu, 22 May 2025US$464.2bUS$272.4bUS$20.2b20.4x23x1.7x
Sat, 19 Apr 2025US$423.6bUS$263.8bUS$18.0b21.1x23.6x1.6x
Mon, 17 Mar 2025US$427.3bUS$263.1bUS$17.1b22.9x25x1.6x
Wed, 12 Feb 2025US$432.1bUS$261.9bUS$11.6b21x37.4x1.6x
Fri, 10 Jan 2025US$399.5bUS$265.7bUS$12.1b15.6x33x1.5x
Sun, 08 Dec 2024US$436.2bUS$266.1bUS$12.5b18.3x35x1.6x
Tue, 05 Nov 2024US$445.4bUS$268.9bUS$11.7b15.6x38x1.7x
Thu, 03 Oct 2024US$465.0bUS$267.5bUS$11.3b14.5x41.2x1.7x
Sat, 31 Aug 2024US$440.0bUS$267.3bUS$11.4b13.8x38.6x1.6x
Mon, 29 Jul 2024US$442.8bUS$266.6bUS$12.8b13.3x34.7x1.7x
Wed, 26 Jun 2024US$435.8bUS$266.4bUS$13.0b12.9x33.6x1.6x
Fri, 24 May 2024US$459.4bUS$266.9bUS$13.0b14.8x35.3x1.7x
Sun, 21 Apr 2024US$449.4bUS$265.9bUS$15.6b13.7x28.8x1.7x
Tue, 19 Mar 2024US$416.3bUS$266.6bUS$16.0b14x26x1.6x
Thu, 15 Feb 2024US$366.4bUS$264.8bUS$18.2b16.2x20.1x1.4x
Sat, 13 Jan 2024US$394.1bUS$278.2bUS$19.4b17.1x20.3x1.4x
Mon, 11 Dec 2023US$372.2bUS$278.6bUS$19.8b15x18.8x1.3x
Wed, 08 Nov 2023US$360.9bUS$280.0bUS$20.1b13.8x17.9x1.3x
Fri, 06 Oct 2023US$338.0bUS$283.4bUS$21.9b11.9x15.4x1.2x
Sun, 03 Sep 2023US$366.9bUS$279.2bUS$21.4b12.7x17.2x1.3x
Tue, 01 Aug 2023US$383.2bUS$276.7bUS$22.1b14.1x17.3x1.4x
Thu, 29 Jun 2023US$344.1bUS$284.4bUS$26.0b12.9x13.3x1.2x
Sat, 27 May 2023US$321.0bUS$284.6bUS$26.3b12.3x12.2x1.1x
Mon, 24 Apr 2023US$359.0bUS$289.0bUS$27.8b11.2x12.9x1.2x
Wed, 22 Mar 2023US$347.4bUS$293.3bUS$31.0b9.8x11.2x1.2x
Fri, 17 Feb 2023US$372.0bUS$294.1bUS$33.2b8x11.2x1.3x
Sun, 15 Jan 2023US$377.1bUS$298.6bUS$37.9b7.5x9.9x1.3x
Tue, 13 Dec 2022US$330.9bUS$298.2bUS$38.0b6x8.7x1.1x
Price to Earnings Ratio

8.7x


Total Market Cap: US$330.9bTotal Earnings: US$38.0bTotal Revenue: US$298.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 24.1x202320242025
Current Industry PE
  • Investors are optimistic on the American Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.9x which is higher than its 3-year average PE of 24.1x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 16% per year over the last three years,
  • Revenues have also declined 5.9% 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.S. Materials industry?

US Market0.81%
Materials-0.0053%
Metals and Mining2.08%
Diversified Metals and Mining6.40%
Aluminum6.20%
Silver5.43%
Copper5.43%
Steel2.38%
Precious Metals and Minerals1.63%
Gold-0.99%
Industry PE
  • Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 2.1x.
    • Analysts are expecting annual earnings growth of 21.8% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 65% over the next 5 years.
  • This is better than its past earnings growth rate of 33% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 5.8% 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
SCCO Southern CopperUS$139.955.2%
+US$5.7b		43.4%PE30x
FCX Freeport-McMoRanUS$44.615.8%
+US$3.5b		4.3%PE31x
NUE NucorUS$162.542.1%
+US$780.4m		11.7%PE22.6x
AA AlcoaUS$44.015.9%
+US$631.9m		-4.7%PE10.1x
HL Hecla MiningUS$16.825.3%
+US$569.6m		196.6%PE56.7x

Latest News

RS
US$288.09
Reliance
7D
2.7%
1Y
-6.3%
NUE
US$162.54
Nucor
7D
2.1%
1Y
11.7%
AU
US$83.38
AngloGold Ashanti
7D
-6.2%
1Y
225.1%
TX
US$38.60
Ternium
7D
4.8%
1Y
22.5%

Returns On Capital At Ternium (NYSE:TX) Paint A Concerning Picture

Dec 03
Returns On Capital At Ternium (NYSE:TX) Paint A Concerning Picture
CMCL
US$25.16
Caledonia Mining
7D
-18.3%
1Y
150.8%
SCCO
US$139.95
Southern Copper
7D
5.2%
1Y
43.4%

SCCO: Delays At Tia Maria Will Restrict Gains Despite Ongoing Supply Tightness

Analysts have raised their price target for Southern Copper slightly, from $117.76 to $118.29. This adjustment is based on ongoing supply disruptions in the copper market and expectations for higher precious metal prices, which are seen as supportive of the company's outlook.
CDE
US$16.10
Coeur Mining
7D
-0.6%
1Y
136.8%

CDE: Diversified Asset Base And Exploration Spending Will Support Upside

Analysts have modestly reduced their average price target for Coeur Mining to $21 from $22, citing strong year-to-date performance, updated multiples, and expectations for steady growth. These expectations are attributed to the company's diversified asset base and exploration strategy.
IDR
US$38.92
Idaho Strategic Resources
7D
-1.9%
1Y
222.7%
AEM
US$171.43
Agnico Eagle Mines
7D
-0.9%
1Y
101.7%
HL
US$16.82
Hecla Mining
7D
5.3%
1Y
196.6%
SGML
US$9.98
Sigma Lithium
7D
-5.9%
1Y
-17.5%

SGML: Upgraded Mining Operations Will Reduce Costs And Support Margin Expansion

The analyst price target for Sigma Lithium has been raised from $8.50 to $10.50 per share. Analysts cite improved profit margin expectations and higher EBITDA forecasts, despite ongoing liquidity concerns.
FCX
US$44.61
Freeport-McMoRan
7D
5.8%
1Y
4.3%

FCX: Higher Copper Prices Will Help Offset Grasberg Mine Production Disruption

Analysts have slightly increased their fair value estimate for Freeport-McMoRan to $47.87, citing a mixed outlook. Reduced production guidance and macro headwinds are expected to be partially offset by resilient copper prices and demand recovery in key markets.
ASTL
US$4.15
Algoma Steel Group
7D
-2.8%
1Y
-59.1%

Benign Growth For Algoma Steel Group Inc. (NASDAQ:ASTL) Underpins Stock's 25% Plummet

Nov 23
Benign Growth For Algoma Steel Group Inc. (NASDAQ:ASTL) Underpins Stock's 25% Plummet
AA
US$44.01
Alcoa
7D
5.9%
1Y
-4.7%

AA: Measured Shifts in Operations and Partnerships Will Shape Future Performance

Narrative Update on Alcoa: Analyst Price Target Adjustment Analysts have slightly lowered their fair value estimate for Alcoa, revising the price target from $39.63 to $39.54 per share. This change reflects modest adjustments to outlooks on discount rate and growth assumptions.
USAR
US$17.48
USA Rare Earth
7D
30.0%
1Y
52.1%
DRD
US$28.59
DRDGOLD
7D
-2.8%
1Y
199.4%