Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Gold Industry Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies82
  • 7D5.3%
  • 3M54.5%
  • 1Y192.4%
  • YTDn/a

In the last week, the Gold industry is up 5.3%, with Newmont up 11%. In the last 12 months, the industry was up 192%. 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
Thu, 29 Jan 2026US$369.5bUS$46.4bUS$14.2b24x26.1x8x
Sat, 27 Dec 2025US$303.6bUS$46.4bUS$14.2b20.9x21.4x6.5x
Mon, 24 Nov 2025US$251.8bUS$46.4bUS$14.1b18.5x17.8x5.4x
Wed, 22 Oct 2025US$274.9bUS$43.1bUS$12.1b27x22.7x6.4x
Fri, 19 Sep 2025US$229.0bUS$42.7bUS$12.2b22.1x18.8x5.4x
Sun, 17 Aug 2025US$198.0bUS$42.4bUS$12.1b18.9x16.3x4.7x
Tue, 15 Jul 2025US$176.0bUS$39.3bUS$9.7b16.9x18.1x4.5x
Thu, 12 Jun 2025US$165.1bUS$39.3bUS$9.7b15.7x17x4.2x
Sat, 10 May 2025US$160.7bUS$39.2bUS$9.7b15.8x16.6x4.1x
Mon, 07 Apr 2025US$136.3bUS$36.6bUS$6.9b16x19.8x3.7x
Wed, 05 Mar 2025US$129.8bUS$36.6bUS$7.0b14.9x18.5x3.5x
Fri, 31 Jan 2025US$123.7bUS$33.7bUS$952.7m23.3x129.9x3.7x
Sun, 29 Dec 2024US$110.7bUS$33.7bUS$950.5m20.1x116.4x3.3x
Tue, 26 Nov 2024US$120.4bUS$33.8bUS$936.8m20x128.6x3.6x
Thu, 24 Oct 2024US$144.4bUS$30.8b-US$1,004,512,199.7427.3x-143.7x4.7x
Sat, 21 Sep 2024US$132.3bUS$30.5b-US$1,013,687,985.7128.6x-130.6x4.3x
Mon, 19 Aug 2024US$128.7bUS$30.5b-US$1,010,971,633.1427.7x-127.3x4.2x
Wed, 17 Jul 2024US$123.1bUS$27.8b-US$2,338,240,137.7934.1x-52.6x4.4x
Fri, 14 Jun 2024US$105.5bUS$27.8b-US$2,339,708,550.3031.8x-45.1x3.8x
Sun, 12 May 2024US$111.1bUS$27.8b-US$2,343,085,348.4924.2x-47.4x4x
Tue, 09 Apr 2024US$104.1bUS$26.1b-US$684,303,611.3313.1x-152.1x4x
Thu, 07 Mar 2024US$88.9bUS$26.1b-US$459,236,492.2613.7x-193.6x3.4x
Sat, 03 Feb 2024US$87.4bUS$27.9bUS$1.9b10.6x46.2x3.1x
Mon, 01 Jan 2024US$99.5bUS$28.0bUS$1.9b10.8x52.7x3.6x
Wed, 29 Nov 2023US$91.8bUS$28.1bUS$1.9b11.9x49.4x3.3x
Fri, 27 Oct 2023US$74.9bUS$28.1bUS$1.8b11x41.5x2.7x
Sun, 24 Sep 2023US$70.7bUS$23.2bUS$1.2b11.2x58.5x3x
Tue, 22 Aug 2023US$66.0bUS$20.4bUS$1.5b13.2x44.2x3.2x
Thu, 20 Jul 2023US$77.2bUS$20.7bUS$1.6b30.9x47x3.7x
Sat, 17 Jun 2023US$73.9bUS$20.7bUS$1.6b29.6x45x3.6x
Mon, 15 May 2023US$79.6bUS$20.7bUS$1.7b15.1x46.9x3.9x
Wed, 12 Apr 2023US$83.5bUS$20.9bUS$219.6m16.8x380.3x4x
Fri, 10 Mar 2023US$66.5bUS$21.0bUS$193.4m9.7x344.1x3.2x
Sun, 05 Feb 2023US$77.6bUS$20.7bUS$1.4b11.2x53.5x3.7x
Price to Earnings Ratio

53.5x


Total Market Cap: US$77.6bTotal Earnings: US$1.4bTotal Revenue: US$20.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 30.5x202420252026
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 26.1x which is lower than its 3-year average PE of 30.5x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 8.0x.
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 Market2.04%
Materials3.30%
Metals and Mining3.81%
Gold5.29%
Copper4.63%
Diversified Metals and Mining2.52%
Precious Metals and Minerals1.39%
Steel0.47%
Silver0.25%
Aluminum-2.29%
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$131.9511.0%
+US$14.2b		217.3%PE20x
AEM Agnico Eagle MinesUS$222.998.6%
+US$8.9b		147.5%PE32.5x
AU AngloGold AshantiUS$115.7214.2%
+US$7.3b		306.3%PE26x
RGLD Royal GoldUS$301.217.8%
+US$1.8b		119.1%PE53x
CDE Coeur MiningUS$25.6211.8%
+US$1.7b		302.8%PE40.3x

Latest News

AU
US$109.44
AngloGold Ashanti
7D
2.4%
1Y
288.8%
RGLD
US$293.73
Royal Gold
7D
5.8%
1Y
111.3%

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?
GROY
US$4.84
Gold Royalty
7D
-7.1%
1Y
293.5%

GROY: Equity Raise And Lockup Will Support Future Multiple Expansion

Analysts have raised their price target on Gold Royalty by approximately $0.64 to $5.75, citing updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E that incorporate recent research views, which they describe as mixed but generally constructive. Analyst Commentary Recent research on Gold Royalty has been mixed, with some analysts lifting their price targets and others turning more cautious on the shares.
CDE
US$25.71
Coeur Mining
7D
12.4%
1Y
310.0%
NEM
US$127.00
Newmont
7D
6.8%
1Y
207.1%

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.
AEM
US$216.16
Agnico Eagle Mines
7D
3.4%
1Y
140.3%

AEM: Precious Metals Strength And Capital Returns Will Shape Balanced Outlook

Narrative Update Analysts have lifted their price target on Agnico Eagle Mines to about $205 from roughly $197, reflecting updated views on higher potential revenue growth, a stronger profit margin profile, and a slightly lower future P/E multiple. These changes are supported by recent target increases from several major firms, as precious metals prices and sector-specific capital returns and M&A activity continue to be highlighted.
AUGO
US$69.25
Aura Minerals
7D
7.7%
1Y
467.9%
HYMC
US$54.85
Hycroft Mining Holding
7D
28.2%
1Y
2,451.2%
NAMM
US$4.71
Namib Minerals
7D
380.6%
1Y
-56.0%