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U.S. Gold Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies78
  • 7D-0.1%
  • 3M-3.1%
  • 1Y97.4%
  • YTDn/a

Over the last 7 days, the Gold industry has dropped 3.7%, driven by a pullback from Newmont of 4.7%. Over the past 12 months, the industry was up 108%. 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, 27 Mar 2026US$315.3bUS$51.4bUS$16.0b19.2x19.7x6.1x
Sun, 22 Feb 2026US$373.0bUS$50.9bUS$15.7b22.1x23.8x7.3x
Tue, 20 Jan 2026US$335.4bUS$46.4bUS$14.2b22.6x23.7x7.2x
Thu, 18 Dec 2025US$283.2bUS$46.4bUS$14.2b19.3x20x6.1x
Sat, 15 Nov 2025US$265.0bUS$46.4bUS$14.2b20.9x18.7x5.7x
Mon, 13 Oct 2025US$253.3bUS$43.1bUS$12.1b27.9x21x5.9x
Wed, 10 Sep 2025US$222.9bUS$42.4bUS$12.2b25.9x18.3x5.3x
Fri, 08 Aug 2025US$197.7bUS$42.4bUS$12.1b17.8x16.3x4.7x
Sun, 06 Jul 2025US$179.2bUS$39.3bUS$9.7b16.9x18.5x4.6x
Tue, 03 Jun 2025US$164.3bUS$39.3bUS$9.7b16.6x16.9x4.2x
Thu, 01 May 2025US$160.2bUS$38.2bUS$9.1b17.8x17.6x4.2x
Sat, 29 Mar 2025US$148.9bUS$36.6bUS$6.9b21.3x21.6x4.1x
Mon, 24 Feb 2025US$134.6bUS$36.6bUS$7.0b18.7x19.2x3.7x
Wed, 22 Jan 2025US$120.7bUS$33.7bUS$952.4m22.5x126.7x3.6x
Fri, 20 Dec 2024US$110.2bUS$33.8bUS$951.5m20x115.8x3.3x
Sun, 17 Nov 2024US$112.2bUS$33.8bUS$936.3m20.5x119.9x3.3x
Tue, 15 Oct 2024US$131.9bUS$30.8b-US$1,002,918,258.6727.2x-131.5x4.3x
Thu, 12 Sep 2024US$126.3bUS$30.5b-US$1,015,573,964.9026x-124.3x4.1x
Sat, 10 Aug 2024US$121.0bUS$30.4b-US$1,021,927,302.8231.3x-118.4x4x
Mon, 08 Jul 2024US$116.7bUS$27.8b-US$2,338,906,254.7930.7x-49.9x4.2x
Wed, 05 Jun 2024US$111.0bUS$27.8b-US$2,340,983,319.2133.8x-47.4x4x
Fri, 03 May 2024US$105.5bUS$27.8b-US$2,343,501,269.7621.9x-45x3.8x
Sun, 31 Mar 2024US$97.5bUS$26.1b-US$683,762,687.7213.1x-142.5x3.7x
Tue, 27 Feb 2024US$81.0bUS$26.0b-US$554,362,676.2816.9x-146.1x3.1x
Thu, 25 Jan 2024US$89.1bUS$27.9bUS$1.9b11.5x47.2x3.2x
Sat, 23 Dec 2023US$100.8bUS$28.1bUS$1.9b10.9x54.2x3.6x
Mon, 20 Nov 2023US$87.1bUS$28.1bUS$1.9b10.2x46.3x3.1x
Wed, 18 Oct 2023US$78.4bUS$28.0bUS$1.8b11.9x44.4x2.8x
Fri, 15 Sep 2023US$68.4bUS$23.2bUS$1.2b11.5x56.6x2.9x
Sun, 13 Aug 2023US$69.6bUS$20.4bUS$1.5b17.9x47.1x3.4x
Tue, 11 Jul 2023US$72.0bUS$20.7bUS$1.6b30.6x43.9x3.5x
Thu, 08 Jun 2023US$73.0bUS$20.7bUS$1.7b28.6x43.1x3.5x
Sat, 06 May 2023US$84.0bUS$20.7bUS$1.8b15.7x47.6x4.1x
Mon, 03 Apr 2023US$77.4bUS$20.9bUS$222.0m15.8x348.5x3.7x
Price to Earnings Ratio

348.5x


Total Market Cap: US$77.4bTotal Earnings: US$222.0mTotal Revenue: US$20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 19x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Gold industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 19.4x.
  • The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 317% per year over the last three years.
  • Revenues for these companies have grown 35% 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-1.62%
Materials2.19%
Metals and Mining0.54%
Gold-0.12%
Steel2.51%
Copper1.49%
Aluminum-1.24%
Silver-2.35%
Diversified Metals and Mining-3.13%
Precious Metals and Minerals-4.57%
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
CDE Coeur MiningUS$16.17-11.5%
US$5.0b		155.0%PE28.6x
AEM Agnico Eagle MinesUS$187.561.5%
+US$1.4b		73.9%PE21.1x
RGLD Royal GoldUS$230.692.5%
+US$476.6m		43.0%PE42x
NEM NewmontUS$99.360.2%
+US$173.8m		105.3%PE15.2x
BVN Compañía de Minas BuenaventuraAUS$32.461.8%
+US$144.8m		105.6%PE10.4x

Latest News

AU
US$85.73
AngloGold Ashanti
7D
0.05%
1Y
137.0%
RGLD
US$230.69
Royal Gold
7D
2.5%
1Y
43.0%
CDE
US$16.17
Coeur Mining
7D
-11.5%
1Y
155.0%
CMCL
US$21.57
Caledonia Mining
7D
-2.7%
1Y
82.2%

CMCL: Stable Blanket Output And Higher Margins Will Support Bullish Repricing

Analysts have kept their $46.25 price target on Caledonia Mining unchanged, citing revised assumptions for the discount rate, revenue growth, profit margin and future P/E that they believe better align the valuation with current company forecasts. What's in the News Fourth quarter 2025 gold production at Blanket Mine was reported at 17,367 ounces, with management highlighting lower tonnages from higher grade areas and electricity supply interruptions as key operational factors affecting the second half of the year (Key Developments).
MUX
US$18.51
McEwen
7D
-5.4%
1Y
129.9%

MUX: Future Upside Will Rely On 2026 Project Execution

Analysts have lifted their McEwen price target from $27.30 to $31.70, citing recent target increases across the Street and updated assumptions that include a lower future P/E multiple, higher projected profit margins, and steady revenue growth expectations. Analyst Commentary Recent research updates cluster around a common theme, with several firms lifting their McEwen price targets and pointing to company specific drivers rather than broad market factors.
GROY
US$3.18
Gold Royalty
7D
-2.2%
1Y
113.4%

GROY: Future Royalty Ramp Up Is Expected To Drive Repricing

Analysts have nudged their average price target on Gold Royalty slightly lower by $0.04 to $6.00, citing updated forecasts for discount rates, revenue growth, profit margins and future P/E, informed by recent mixed revisions across H.C. Wainwright, Scotiabank, Maxim and Canaccord. Analyst Commentary Recent research updates on Gold Royalty reflect a mix of optimism and caution, with price targets moving both higher and lower and one downgrade on valuation.
BVN
US$32.46
Compañía de Minas BuenaventuraA
7D
1.8%
1Y
105.6%
NEM
US$99.36
Newmont
7D
0.2%
1Y
105.3%

NEM: Higher Gold Price Assumptions And New CEO Agenda Will Test Execution

Newmont's updated analyst price target has been revised upward by about $2.50 to $92.37, reflecting analysts' higher gold price assumptions, recent upgrades to Buy or Outperform ratings, and increased confidence in the new CEO's agenda and joint venture progress. Analyst Commentary Recent Street research on Newmont has centered on higher gold price assumptions, updated company guidance, and growing confidence in the new CEO and joint venture progress.
AEM
US$187.56
Agnico Eagle Mines
7D
1.5%
1Y
73.9%
NAMM
US$2.22
Namib Minerals
7D
4.7%
1Y
-79.5%
HYMC
US$31.18
Hycroft Mining Holding
7D
-1.8%
1Y
796.0%
DRD
US$27.06
DRDGOLD
7D
1.7%
1Y
87.4%
DC
US$4.46
Dakota Gold
7D
-6.1%
1Y
65.2%
AUGO
US$66.27
Aura Minerals
7D
-0.3%
1Y
239.5%
BGL
US$1.11
Blue Gold
7D
-13.3%
1Y
n/a
PZG
US$1.52
Paramount Gold Nevada
7D
-9.0%
1Y
300.0%