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U.S. Gold Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies79
  • 7D4.5%
  • 3M11.6%
  • 1Y126.4%
  • YTDn/a

Over the last 7 days, the Gold industry has risen 4.5%, and Newmont contributed the most with a gain of 4.3%. This takes the industry's 12 month performance to a gain of 126%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026US$352.8bUS$49.7bUS$15.2b24.3x23.2x7.1x
Sun, 08 Mar 2026US$357.3bUS$51.3bUS$16.0b20.4x22.3x7x
Tue, 03 Feb 2026US$325.0bUS$46.4bUS$14.2b20.6x23x7x
Thu, 01 Jan 2026US$292.1bUS$46.4bUS$14.2b19.5x20.6x6.3x
Sat, 29 Nov 2025US$275.1bUS$46.4bUS$14.2b19.6x19.4x5.9x
Mon, 27 Oct 2025US$249.6bUS$44.0bUS$13.1b27.7x19.1x5.7x
Wed, 24 Sep 2025US$243.3bUS$42.7bUS$12.2b23.5x20x5.7x
Fri, 22 Aug 2025US$197.8bUS$42.4bUS$12.2b23.1x16.2x4.7x
Sun, 20 Jul 2025US$172.2bUS$39.3bUS$9.7b16.6x17.7x4.4x
Tue, 17 Jun 2025US$178.4bUS$39.3bUS$9.7b16.7x18.4x4.5x
Thu, 15 May 2025US$184.4bUS$52.6bUS$12.0b13x15.3x3.5x
Sat, 12 Apr 2025US$154.6bUS$36.6bUS$6.9b20.2x22.4x4.2x
Mon, 10 Mar 2025US$135.1bUS$36.6bUS$7.0b15.4x19.2x3.7x
Wed, 05 Feb 2025US$129.8bUS$33.7bUS$951.7m24.1x136.4x3.8x
Fri, 03 Jan 2025US$109.3bUS$33.7bUS$950.3m20.7x115x3.2x
Sun, 01 Dec 2024US$118.2bUS$33.8bUS$952.2m20.2x124.1x3.5x
Tue, 29 Oct 2024US$130.2bUS$32.9b-US$288,260,166.2526.6x-451.6x4x
Thu, 26 Sep 2024US$137.4bUS$30.8b-US$1,001,855,209.7424.6x-137.1x4.5x
Sat, 24 Aug 2024US$130.5bUS$30.5b-US$1,014,881,642.0927.6x-128.6x4.3x
Mon, 22 Jul 2024US$121.7bUS$27.8b-US$2,339,423,925.9737.7x-52x4.4x
Wed, 19 Jun 2024US$106.1bUS$27.8b-US$2,338,251,900.0937x-45.4x3.8x
Fri, 17 May 2024US$112.7bUS$27.8b-US$2,334,436,195.1030.1x-48.3x4.1x
Sun, 14 Apr 2024US$103.3bUS$26.1b-US$685,059,969.9113.3x-150.8x4x
Tue, 12 Mar 2024US$94.0bUS$26.1b-US$458,762,572.0414.3x-204.9x3.6x
Thu, 08 Feb 2024US$85.1bUS$24.8bUS$1.7b15.8x49.3x3.4x
Sat, 06 Jan 2024US$96.0bUS$27.9bUS$1.9b10.4x50.8x3.4x
Mon, 04 Dec 2023US$98.4bUS$28.1bUS$1.9b11.8x52.9x3.5x
Wed, 01 Nov 2023US$73.8bUS$28.1bUS$1.8b10.7x40.6x2.6x
Fri, 29 Sep 2023US$72.5bUS$28.0bUS$1.8b10.7x41.2x2.6x
Sun, 27 Aug 2023US$67.0bUS$20.4bUS$1.5b13x44.7x3.3x
Tue, 25 Jul 2023US$74.5bUS$20.3bUS$1.4b30.1x52.5x3.7x
Thu, 22 Jun 2023US$71.5bUS$20.7bUS$1.6b29.7x43.6x3.5x
Sat, 20 May 2023US$75.9bUS$20.7bUS$1.7b28.2x45.3x3.7x
Mon, 17 Apr 2023US$84.3bUS$20.9bUS$220.0m17x383.2x4x
Price to Earnings Ratio

383.2x


Total Market Cap: US$84.3bTotal Earnings: US$220.0mTotal Revenue: US$20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 14.2x202420252026
Current Industry PE
  • Investors are optimistic on the American Gold industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.2x which is higher than its 3-year average PE of 14.2x.
  • The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 7.1x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 311% per year over the last three years.
  • Revenues for these companies have grown 33% 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 Market3.43%
Materials3.22%
Metals and Mining5.05%
Gold4.46%
Copper6.68%
Diversified Metals and Mining5.05%
Steel4.33%
Aluminum4.06%
Silver0.63%
Precious Metals and Minerals0.19%
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
NEM NewmontUS$119.014.3%
+US$4.5b		133.6%PE18x
AEM Agnico Eagle MinesUS$216.443.8%
+US$4.0b		94.0%PE24.3x
AU AngloGold AshantiUS$108.557.2%
+US$3.7b		179.4%PE20.8x
AUGO Aura MineralsUS$98.7412.6%
+US$923.3m		451.6%PS9x
CDE Coeur MiningUS$19.723.3%
+US$652.0m		259.2%PE34.8x

Latest News

PZG
US$1.69
Paramount Gold Nevada
7D
-1.7%
1Y
349.0%
CDE
US$19.72
Coeur Mining
7D
3.3%
1Y
259.2%
RGLD
US$265.43
Royal Gold
7D
1.1%
1Y
55.2%

RGLD: Future Upside Will Rely On SAND Integration And 2026 Guidance

The analyst price target for Royal Gold is reduced by $5 to $331 as analysts incorporate updated 2026 metal price forecasts, progress on the SAND transaction and Hod Maden restructuring, and new guidance expectations into their models. Analyst Commentary Recent Street research around Royal Gold highlights a mix of optimism about long term growth initiatives and caution around execution and valuation.
GROY
US$3.64
Gold Royalty
7D
-1.1%
1Y
147.6%

GROY: Future Production Ramp And Mixed Ratings Will Shape Upside Potential

The updated analyst price target for Gold Royalty moves to $5.00 from $4.50, as analysts point to revised assumptions around revenue growth, profit margins, and P/E expectations reflected in recent mixed target changes and a valuation downgrade. Analyst Commentary Recent research on Gold Royalty has been mixed, with some analysts revising targets higher while others trim expectations or shift to a more neutral stance.
NEM
US$119.01
Newmont
7D
4.3%
1Y
133.6%

NEM: Higher Gold Price Hopes And New CEO Agenda Will Strain Expectations

Narrative Update: Newmont The analyst price target for Newmont has been cut by about $2.80 to $89.56 as analysts balance a higher discount rate and softer revenue growth expectations with stronger projected profit margins and a lower future P/E, informed by recent mixed price target revisions across the Street. Analyst Commentary Recent research on Newmont reflects a wide range of price targets, with some firms setting figures well above US$150 and others trimming estimates.
DRD
US$31.02
DRDGOLD
7D
-0.6%
1Y
103.4%
HYMC
US$38.97
Hycroft Mining Holding
7D
8.2%
1Y
1,277.0%
AEM
US$216.44
Agnico Eagle Mines
7D
3.8%
1Y
94.0%

AEM: Exploration Program And Dividend Increases Will Drive Future Senior Gold Repricing

Analysts have trimmed the average price target for Agnico Eagle Mines by $30. This reflects updated metal price forecasts, refreshed company models, and a mix of recent rating changes across the coverage universe.
AUGO
US$98.74
Aura Minerals
7D
12.6%
1Y
451.6%
CTGO
US$21.57
Contango Silver & Gold
7D
10.1%
1Y
97.9%
AU
US$108.55
AngloGold Ashanti
7D
7.2%
1Y
179.4%

AU: New Arthur Project And Dividend Stream Will Support Future Upside

Analysts now place AngloGold Ashanti's fair value at $121.86, up from $98. This reflects updated assumptions around revenue growth, profit margins, a slightly adjusted discount rate, and a lower future P/E multiple.
AUST
US$1.40
Austin Gold
7D
-9.1%
1Y
8.5%
VGZ
US$2.01
Vista Gold
7D
-1.5%
1Y
157.3%
BGL
US$1.00
Blue Gold
7D
-15.3%
1Y
n/a