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U.S. Gold Industry Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies78
  • 7D-6.9%
  • 3M17.2%
  • 1Y130.5%
  • YTDn/a

Over the last 7 days, the Gold industry has dropped 7.0%, driven by declines from every company within the industry. In the past year, the industry has gained 131%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026US$332.5bUS$51.3bUS$16.0b20.4x20.7x6.5x
Tue, 10 Feb 2026US$338.8bUS$46.4bUS$14.2b23.4x23.9x7.3x
Thu, 08 Jan 2026US$312.4bUS$46.4bUS$14.2b20.7x22.1x6.7x
Sat, 06 Dec 2025US$272.1bUS$46.4bUS$14.1b19.1x19.2x5.9x
Mon, 03 Nov 2025US$244.2bUS$45.3bUS$13.6b23.4x17.9x5.4x
Wed, 01 Oct 2025US$252.0bUS$43.4bUS$12.1b24.1x20.8x5.8x
Fri, 29 Aug 2025US$206.5bUS$42.4bUS$12.2b23.6x17x4.9x
Sun, 27 Jul 2025US$185.7bUS$40.3bUS$11.0b17.5x16.9x4.6x
Tue, 24 Jun 2025US$177.6bUS$39.3bUS$9.7b16.5x18.3x4.5x
Thu, 22 May 2025US$192.7bUS$52.6bUS$12.0b15.7x16x3.7x
Sat, 19 Apr 2025US$168.0bUS$36.6bUS$6.9b20.3x24.4x4.6x
Mon, 17 Mar 2025US$141.3bUS$36.6bUS$6.9b19.3x20.5x3.9x
Wed, 12 Feb 2025US$138.4bUS$33.7bUS$952.3m25.4x145.3x4.1x
Fri, 10 Jan 2025US$115.8bUS$33.7bUS$949.5m20.7x122x3.4x
Sun, 08 Dec 2024US$123.5bUS$33.8bUS$952.5m19.7x129.6x3.7x
Tue, 05 Nov 2024US$124.3bUS$33.5bUS$372.1m22x334x3.7x
Thu, 03 Oct 2024US$131.1bUS$30.8b-US$1,003,376,922.1426.4x-130.7x4.3x
Sat, 31 Aug 2024US$132.7bUS$30.5b-US$1,015,468,788.8726.5x-130.7x4.4x
Mon, 29 Jul 2024US$120.1bUS$29.6b-US$1,576,631,954.9332.6x-76.2x4.1x
Wed, 26 Jun 2024US$109.7bUS$27.8b-US$2,339,191,777.2633.5x-46.9x3.9x
Fri, 24 May 2024US$111.5bUS$27.8b-US$2,339,623,440.7734.2x-47.6x4x
Sun, 21 Apr 2024US$103.7bUS$26.1b-US$696,486,379.1313.4x-148.9x4x
Tue, 19 Mar 2024US$91.9bUS$26.0b-US$400,595,554.0114.2x-229.4x3.5x
Thu, 15 Feb 2024US$80.6bUS$24.8bUS$1.7b16.5x46.1x3.2x
Sat, 13 Jan 2024US$93.3bUS$27.9bUS$1.9b10.4x49.4x3.3x
Mon, 11 Dec 2023US$92.8bUS$28.1bUS$1.9b10.8x49.9x3.3x
Wed, 08 Nov 2023US$89.8bUS$28.1bUS$1.8b10.9x49.4x3.2x
Fri, 06 Oct 2023US$70.0bUS$28.0bUS$1.8b10.3x39.8x2.5x
Sun, 03 Sep 2023US$68.9bUS$23.2bUS$1.2b12.7x57x3x
Tue, 01 Aug 2023US$74.4bUS$20.5bUS$1.5b21.2x50.4x3.6x
Thu, 29 Jun 2023US$69.7bUS$20.7bUS$1.6b28.2x42.5x3.4x
Sat, 27 May 2023US$71.3bUS$20.7bUS$1.7b26.5x42.1x3.5x
Mon, 24 Apr 2023US$80.5bUS$20.9bUS$220.3m15.5x365.3x3.8x
Wed, 22 Mar 2023US$73.5bUS$20.9bUS$168.9m11.5x435.1x3.5x
Price to Earnings Ratio

435.1x


Total Market Cap: US$73.5bTotal Earnings: US$168.9mTotal Revenue: US$20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 23.8x202420252026
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 24.1x.
  • The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 6.8x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 356% 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%
Materials-2.64%
Metals and Mining-5.82%
Gold-6.93%
Aluminum3.78%
Diversified Metals and Mining-3.58%
Steel-3.85%
Silver-3.87%
Copper-6.70%
Precious Metals and Minerals-10.09%
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
No data available

Latest News

AU
US$94.89
AngloGold Ashanti
7D
-10.9%
1Y
194.4%
CDE
US$20.19
Coeur Mining
7D
-10.8%
1Y
234.8%
AEM
US$207.54
Agnico Eagle Mines
7D
-6.1%
1Y
100.3%
RGLD
US$259.11
Royal Gold
7D
-7.4%
1Y
68.0%

RGLD: Future Upside Will Depend On SAND Integration And Hod Maden Progress

Analysts have nudged their average price target for Royal Gold slightly lower to about $329 from roughly $330, citing updated views on 2026 metal price forecasts, the integration of the SAND transaction, and upcoming milestones such as Hod Maden restructuring and new guidance. Analyst Commentary Recent research shows a mix of optimism and caution on Royal Gold, with several firms fine tuning their price targets as they update 2026 metal price forecasts and factor in the SAND transaction along with project milestones such as Hod Maden.
DRD
US$30.17
DRDGOLD
7D
-8.4%
1Y
117.2%
BVN
US$35.26
Compañía de Minas BuenaventuraA
7D
-4.8%
1Y
137.6%
NEM
US$109.58
Newmont
7D
-5.8%
1Y
137.0%

NEM: Higher Gold Assumptions And CEO Shift Will Still Face Execution Risk

The analyst price target for Newmont in our model has been raised by about $8 to $89.87, as analysts collectively lift their targets into the $150 range, citing a stronger gold outlook, refreshed leadership priorities, and updated metal price assumptions for 2026. Analyst Commentary Recent research on Newmont has centered on a cluster of higher price targets, with several firms adjusting their models around updated 2026 metal price assumptions, refreshed company guidance, and leadership changes.
AUGO
US$75.39
Aura Minerals
7D
-6.5%
1Y
343.2%