Freeport-McMoRan (NYSE:FCX) Will Pay A Dividend Of $0.15
Sep 23
U.S. Metals and Mining Industry Analysis
UpdatedSep 23, 2023
DataAggregated Company Financials
Companies344
- 7D-2.9%
- 3M0.8%
- 1Y33.1%
- YTD4.9%
Over the last 7 days, the Metals and Mining industry has dropped 2.9%, driven by pullbacks in Freeport-McMoRan and Southern Copper of 8.0% and 6.3%, respectively. In the past year, the industry has gained 33%. As for the next few years, earnings are expected to grow by 3.9% per annum.
Industry Valuation and Performance
Has the U.S. Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 Sep 2023 | US$346.3b | US$279.1b | US$21.3b | 12.2x | 16.2x | 1.2x |
| Mon, 21 Aug 2023 | US$351.1b | US$276.5b | US$21.7b | 13.8x | 16.2x | 1.3x |
| Wed, 19 Jul 2023 | US$369.7b | US$284.5b | US$26.0b | 13.5x | 14.2x | 1.3x |
| Fri, 16 Jun 2023 | US$345.6b | US$285.0b | US$26.3b | 12.7x | 13.2x | 1.2x |
| Sun, 14 May 2023 | US$332.8b | US$284.8b | US$26.4b | 11.8x | 12.6x | 1.2x |
| Tue, 11 Apr 2023 | US$358.0b | US$293.2b | US$30.7b | 11.3x | 11.7x | 1.2x |
| Thu, 09 Mar 2023 | US$366.9b | US$293.2b | US$31.0b | 8.5x | 11.8x | 1.3x |
| Sat, 04 Feb 2023 | US$380.5b | US$296.5b | US$36.2b | 7.8x | 10.5x | 1.3x |
| Mon, 02 Jan 2023 | US$322.4b | US$298.3b | US$37.9b | 6.6x | 8.5x | 1.1x |
| Wed, 30 Nov 2022 | US$326.1b | US$297.9b | US$38.0b | 6.1x | 8.6x | 1.1x |
| Fri, 28 Oct 2022 | US$299.8b | US$298.3b | US$40.6b | 6.7x | 7.4x | 1x |
| Sun, 25 Sep 2022 | US$255.4b | US$296.4b | US$44.4b | 6.3x | 5.8x | 0.9x |
| Tue, 23 Aug 2022 | US$293.1b | US$296.7b | US$44.5b | 7.1x | 6.6x | 1x |
| Thu, 21 Jul 2022 | US$286.2b | US$281.9b | US$42.0b | 7.5x | 6.8x | 1x |
| Sat, 18 Jun 2022 | US$317.3b | US$281.3b | US$42.1b | 8.6x | 7.5x | 1.1x |
| Mon, 16 May 2022 | US$332.1b | US$280.4b | US$41.9b | 8.1x | 7.9x | 1.2x |
| Wed, 13 Apr 2022 | US$425.2b | US$260.8b | US$35.6b | 11.6x | 11.9x | 1.6x |
| Fri, 11 Mar 2022 | US$399.8b | US$259.2b | US$35.4b | 10.2x | 11.3x | 1.5x |
| Sun, 06 Feb 2022 | US$319.6b | US$247.7b | US$33.6b | 8.5x | 9.5x | 1.3x |
| Tue, 04 Jan 2022 | US$330.9b | US$232.9b | US$28.2b | 8.9x | 11.7x | 1.4x |
| Thu, 02 Dec 2021 | US$305.8b | US$232.4b | US$28.0b | 8.9x | 10.9x | 1.3x |
| Sat, 30 Oct 2021 | US$320.0b | US$224.8b | US$25.9b | 9.9x | 12.4x | 1.4x |
| Mon, 27 Sep 2021 | US$295.0b | US$195.0b | US$18.4b | 11.3x | 16.1x | 1.5x |
| Wed, 25 Aug 2021 | US$319.3b | US$198.0b | US$18.0b | 12x | 17.7x | 1.6x |
| Thu, 01 Jul 2021 | US$319.4b | US$193.5b | US$16.6b | 12.7x | 19.3x | 1.7x |
| Sun, 04 Apr 2021 | US$298.8b | US$168.4b | US$7.7b | 13.5x | 38.9x | 1.8x |
| Wed, 06 Jan 2021 | US$258.2b | US$156.9b | US$3.5b | 12x | 73.3x | 1.6x |
| Sat, 10 Oct 2020 | US$202.2b | US$154.5b | US$2.0b | 14.3x | 101.1x | 1.3x |
Price to Earnings Ratio
101.1x
Current Industry PE
- Investors are pessimistic on the American 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 16.2x which is lower than its 3-year average PE of 27.9x.
- 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 grown 120% per year over the last three years.
- Revenues for these companies have grown 22% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Materials industry?
| US Market | -3.07% | |
| Materials | -3.48% | |
| Metals and Mining | -2.86% | |
| Precious Metals and Minerals | 9.76% | |
| Gold | 0.30% | |
| Steel | -0.65% | |
| Aluminum | -1.68% | |
| Diversified Metals and Mining | -3.72% | |
| Silver | -5.74% | |
| Copper | -7.12% | |
Industry PE
- Investors are most optimistic about the Gold industry, which is trading close to its 3-year average PE ratio of 57.7x.
- Analysts are expecting annual earnings growth of 13.1%, which is higher than its past year's earnings decline of 5.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 84% over the next 5 years.
- This is better than its past earnings decline of 15% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 17% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| STLD Steel Dynamics | US$101.10 | 2.4% +US$395.9m | 44.0% | PE5.6x | |
| LZM Lifezone Metals | US$16.50 | 39.8% +US$373.3m | 62.7% | PS564.9x | |
| NEM Newmont | US$40.74 | 1.0% +US$325.9m | -1.2% | PS2.9x | |
| X United States Steel | US$32.00 | 4.3% +US$294.3m | 72.1% | PE5.3x | |
| SIM Grupo Simec. de | US$33.66 | 2.7% +US$135.5m | 15.1% | PE23.5x |
