Header cover image

U.S. Metals and Mining Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies268
  • 7D-6.6%
  • 3M-12.4%
  • 1Y-5.5%
  • YTD-3.4%

Over the last 7 days, the Metals and Mining industry has dropped 9.9%, driven by a pullback from Southern Copper of 9.4%. Meanwhile, Mesabi Trust actually outperformed within the industry, gaining 12% in the last week. However, the industry is down 5.5% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024US$385.5bUS$265.9bUS$12.5b15.4x30.8x1.4x
Mon, 18 Nov 2024US$426.4bUS$266.7bUS$12.5b18.8x34.1x1.6x
Wed, 16 Oct 2024US$462.1bUS$267.3bUS$11.3b14.3x41x1.7x
Fri, 13 Sep 2024US$413.4bUS$267.4bUS$11.4b13.5x36.3x1.5x
Sun, 11 Aug 2024US$420.5bUS$267.1bUS$11.5b13.7x36.5x1.6x
Tue, 09 Jul 2024US$452.2bUS$266.4bUS$12.8b13.6x35.5x1.7x
Thu, 06 Jun 2024US$440.3bUS$266.8bUS$13.0b14.4x33.8x1.6x
Sat, 04 May 2024US$441.4bUS$267.0bUS$13.3b13.3x33.3x1.7x
Mon, 01 Apr 2024US$439.8bUS$266.3bUS$15.7b14.4x28x1.7x
Wed, 28 Feb 2024US$380.9bUS$266.4bUS$15.9b15.3x24x1.4x
Fri, 26 Jan 2024US$386.5bUS$277.6bUS$19.2b16.3x20.2x1.4x
Sun, 24 Dec 2023US$418.3bUS$278.9bUS$19.4b17.9x21.5x1.5x
Tue, 21 Nov 2023US$363.0bUS$280.1bUS$20.0b15.5x18.2x1.3x
Thu, 19 Oct 2023US$341.1bUS$283.2bUS$21.8b12x15.6x1.2x
Sat, 16 Sep 2023US$352.3bUS$279.1bUS$21.4b12.7x16.5x1.3x
Mon, 14 Aug 2023US$361.0bUS$276.9bUS$21.8b13.6x16.5x1.3x
Wed, 12 Jul 2023US$357.7bUS$284.2bUS$26.0b13x13.8x1.3x
Fri, 09 Jun 2023US$340.6bUS$284.7bUS$26.4b12.6x12.9x1.2x
Sun, 07 May 2023US$349.9bUS$285.7bUS$26.8b11.3x13.1x1.2x
Tue, 04 Apr 2023US$366.1bUS$293.3bUS$29.3b11.2x12.5x1.2x
Thu, 02 Mar 2023US$373.9bUS$293.3bUS$31.1b8.5x12x1.3x
Sat, 28 Jan 2023US$379.9bUS$295.6bUS$36.1b7.5x10.5x1.3x
Mon, 26 Dec 2022US$326.6bUS$298.2bUS$37.9b6.6x8.6x1.1x
Wed, 23 Nov 2022US$330.3bUS$297.9bUS$38.0b6.3x8.7x1.1x
Fri, 21 Oct 2022US$279.6bUS$297.9bUS$43.3b6.7x6.5x0.9x
Sun, 18 Sep 2022US$275.9bUS$296.7bUS$44.4b6.7x6.2x0.9x
Tue, 16 Aug 2022US$309.0bUS$296.6bUS$44.3b8.2x7x1x
Thu, 14 Jul 2022US$284.4bUS$281.8bUS$42.0b7.4x6.8x1x
Sat, 11 Jun 2022US$344.9bUS$280.6bUS$41.9b9x8.2x1.2x
Mon, 09 May 2022US$361.9bUS$280.0bUS$41.7b8.2x8.7x1.3x
Wed, 06 Apr 2022US$422.2bUS$260.6bUS$35.7b10.5x11.8x1.6x
Fri, 04 Mar 2022US$397.0bUS$258.7bUS$35.1b10x11.3x1.5x
Sun, 30 Jan 2022US$305.6bUS$243.7bUS$31.2b8.2x9.8x1.3x
Tue, 28 Dec 2021US$331.2bUS$232.9bUS$28.2b8.9x11.7x1.4x
Price to Earnings Ratio

11.7x


Total Market Cap: US$331.2bTotal Earnings: US$28.2bTotal Revenue: US$232.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 18.3x202220232024
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 31.2x which is higher than its 3-year average PE of 18.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 24% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Materials industry?

US Market-2.39%
Materials-4.92%
Metals and Mining-6.64%
Aluminum-5.33%
Gold-5.77%
Copper-6.84%
Steel-7.01%
Silver-7.49%
Diversified Metals and Mining-9.80%
Precious Metals and Minerals-14.79%
Industry PE
  • Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 50.3%, which is lower than the prior year's growth of 542.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 145% over the next 5 years.
  • In contrast, the Copper industry is expected to see its earnings grow by 9.7% 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
SIM Grupo Simec. deUS$26.520.9%
+US$35.4m
-16.6%PE9x
MSB Mesabi TrustUS$27.799.4%
+US$31.2m
35.4%PE4x
CRML Critical MetalsUS$6.624.3%
+US$21.9m
-39.4%PS4557x
ABAT American Battery TechnologyUS$1.1117.2%
+US$12.2m
-80.0%PS151.7x
UAMY United States AntimonyUS$1.993.6%
+US$7.6m
712.2%PS21.1x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

FCX

US$38.86

Freeport-McMoRan

7D

-6.6%

1Y

-8.3%

LITM

US$0.37

Snow Lake Resources

7D

123.9%

1Y

-69.4%

ABAT

US$1.11

American Battery Technology

7D

17.2%

1Y

-80.0%

NUE

US$116.58

Nucor

7D

-6.9%

1Y

-34.5%

MSB

US$27.79

Mesabi Trust

7D

9.4%

1Y

35.4%

UAMY

US$1.99

United States Antimony

7D

3.6%

1Y

712.2%

CRML

US$6.62

Critical Metals

7D

4.3%

1Y

-39.4%

FRD

US$16.47

Friedman Industries

7D

4.4%

1Y

8.2%

RS

US$269.02

Reliance

7D

-7.9%

1Y

-4.8%

GORO

US$0.25

Gold Resource

7D

37.9%

1Y

-29.7%

SIM

US$26.52

Grupo Simec. de

7D

0.9%

1Y

-16.6%