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U.S. Gold Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies84
  • 7D-13.1%
  • 3M30.5%
  • 1Y131.3%
  • YTDn/a

Over the last 7 days, the Gold industry has dropped 12%, driven by a pullback from Newmont of 11%. In contrast, Paramount Gold Nevada has gained 16%. Over the past 12 months, the industry was up 144%. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

Has the U.S. Gold Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026US$339.7bUS$46.4bUS$14.2b21.3x24x7.3x
Sun, 04 Jan 2026US$289.5bUS$46.4bUS$14.2b19.2x20.5x6.2x
Tue, 02 Dec 2025US$275.4bUS$46.4bUS$14.2b19.5x19.5x5.9x
Thu, 30 Oct 2025US$240.3bUS$44.0bUS$13.0b26.6x18.5x5.5x
Sat, 27 Sep 2025US$241.4bUS$42.7bUS$12.2b23.4x19.8x5.7x
Mon, 25 Aug 2025US$202.7bUS$42.4bUS$12.2b23.3x16.6x4.8x
Wed, 23 Jul 2025US$178.8bUS$39.3bUS$9.7b18.4x18.4x4.6x
Fri, 20 Jun 2025US$176.1bUS$39.3bUS$9.7b16.4x18.1x4.5x
Sun, 18 May 2025US$183.4bUS$52.6bUS$12.0b13.2x15.2x3.5x
Tue, 15 Apr 2025US$165.4bUS$36.6bUS$6.9b20.1x24x4.5x
Thu, 13 Mar 2025US$135.8bUS$36.6bUS$7.0b15.4x19.4x3.7x
Sat, 08 Feb 2025US$134.5bUS$33.8bUS$952.6m24.3x141.2x4x
Mon, 06 Jan 2025US$112.6bUS$33.7bUS$950.3m20.4x118.5x3.3x
Wed, 04 Dec 2024US$116.0bUS$33.8bUS$952.0m20.6x121.8x3.4x
Fri, 01 Nov 2024US$125.3bUS$33.5bUS$371.6m16.5x337.1x3.7x
Sun, 29 Sep 2024US$133.0bUS$30.8b-US$1,002,016,300.6825.5x-132.8x4.3x
Tue, 27 Aug 2024US$132.3bUS$30.5b-US$1,014,963,232.4827.7x-130.3x4.3x
Thu, 25 Jul 2024US$122.4bUS$27.8b-US$2,339,563,312.8832.5x-52.3x4.4x
Sat, 22 Jun 2024US$110.1bUS$27.8b-US$2,337,973,513.9928.9x-47.1x4x
Mon, 20 May 2024US$114.6bUS$27.8b-US$2,334,255,514.2230.6x-49.1x4.1x
Wed, 17 Apr 2024US$101.7bUS$26.1b-US$685,431,941.7113.3x-148.4x3.9x
Fri, 15 Mar 2024US$93.3bUS$26.1b-US$401,576,670.2814.2x-232.3x3.6x
Sun, 11 Feb 2024US$83.1bUS$24.8bUS$1.7b15.9x48.1x3.3x
Tue, 09 Jan 2024US$97.3bUS$27.9bUS$1.9b10.8x51.5x3.5x
Thu, 07 Dec 2023US$95.0bUS$28.1bUS$1.9b11.1x51.1x3.4x
Sat, 04 Nov 2023US$77.5bUS$28.1bUS$1.8b11.1x42.6x2.8x
Mon, 02 Oct 2023US$72.3bUS$28.0bUS$1.8b10.6x41.1x2.6x
Wed, 30 Aug 2023US$69.2bUS$20.4bUS$1.5b13.3x46.2x3.4x
Fri, 28 Jul 2023US$74.2bUS$20.5bUS$1.4b31.3x51.2x3.6x
Sun, 25 Jun 2023US$70.7bUS$20.7bUS$1.6b29x43.1x3.4x
Tue, 23 May 2023US$75.4bUS$20.7bUS$1.7b28.2x45x3.6x
Thu, 20 Apr 2023US$81.6bUS$20.9bUS$219.4m16x372.1x3.9x
Sat, 18 Mar 2023US$75.7bUS$20.9bUS$169.6m11.4x446.3x3.6x
Mon, 13 Feb 2023US$75.3bUS$20.7bUS$1.4b11.5x52x3.6x
Price to Earnings Ratio

52x


Total Market Cap: US$75.3bTotal Earnings: US$1.4bTotal Revenue: US$20.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 30.3x202420252026
Current Industry PE
  • Investors are pessimistic on the American Gold 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 24.0x which is lower than its 3-year average PE of 30.3x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 7.3x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 114% per year over the last three years.
  • Revenues for these companies have grown 31% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Gold compare with similar industries?

US Market-2.98%
Materials-2.70%
Metals and Mining-9.31%
Gold-13.09%
Steel2.26%
Aluminum-4.66%
Copper-8.95%
Diversified Metals and Mining-11.95%
Precious Metals and Minerals-16.77%
Silver-18.98%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GORO Gold ResourceUS$1.536.3%
+US$14.6m		405.5%PS4x
PZG Paramount Gold NevadaUS$1.878.1%
+US$11.0m		399.3%PB4.6x

Latest News

BVN
US$35.00
Compañía de Minas BuenaventuraA
7D
-9.2%
1Y
165.8%

BVN: Future Returns Will Depend On Executing High Upfront Capital Mining Plans

Analysts have nudged their price target on Compañía de Minas Buenaventura A higher to about $30.92 from roughly $28.42. They cited updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E following recent research commentary on the company’s production and capital plans.
AEM
US$189.45
Agnico Eagle Mines
7D
-12.1%
1Y
91.4%
CDE
US$19.11
Coeur Mining
7D
-22.2%
1Y
175.0%

CDE: Expanded Share Authorization And Major Exploration Program Will Support Upside Potential

Analysts have raised their fair value estimate for Coeur Mining from about US$22.58 to roughly US$25.42 per share, based on updated assumptions for discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Stockholders approved an amendment to Coeur Mining’s Certificate of Incorporation to increase authorized common shares from 900,000,000 to 1,300,000,000 at a special meeting held on January 27, 2026 (Key Developments).
PZG
US$1.87
Paramount Gold Nevada
7D
8.1%
1Y
399.3%
GORO
US$1.53
Gold Resource
7D
6.3%
1Y
405.5%
AU
US$98.59
AngloGold Ashanti
7D
-7.9%
1Y
213.0%

AU: Rising Output And Dividend Will Support A Stronger Outlook

Analysts have made a small upward revision to their price target for AngloGold Ashanti to $132 from $131, reflecting slightly higher assumptions for revenue growth, profit margins, and the P/E they are prepared to use in their models. What's in the News AngloGold Ashanti plc declared an interim dividend of US$0.91 per share for the three months ended 30 September 2025, with the ex dividend and record date on the NYSE set for Friday, 28 November 2025, and payment scheduled for Friday, 12 December 2025 (company announcement).
RGLD
US$253.63
Royal Gold
7D
-13.1%
1Y
75.0%

Copper Growth Projects And Extended Mount Milligan Life Will Transform Long Term Cash Flows

Catalysts About Royal Gold Royal Gold is a precious metals royalty and streaming company with a portfolio focused on gold, silver and copper interests across producing and development assets. What are the underlying business or industry changes driving this perspective?
NEM
US$108.53
Newmont
7D
-14.5%
1Y
141.8%

NEM: Future Barrick Nevada Deal Pursuit Will Likely Pressure Stretched Shares

Narrative Update on Newmont Analysts have lifted their implied price target on Newmont by about US$7 per share, reflecting updated views on fair value, refreshed commodity price assumptions, and company guidance that points to revenue growth, a different profit margin profile, and a slightly higher future P/E multiple. Analyst Commentary Recent Street research on Newmont has centered on refreshed commodity price assumptions, updated company guidance, and how those factors flow through to valuation.
AUGO
US$62.73
Aura Minerals
7D
-16.0%
1Y
337.8%
HYMC
US$33.72
Hycroft Mining Holding
7D
-26.3%
1Y
1,201.9%