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U.S. Gold Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies78
  • 7D10.8%
  • 3M14.3%
  • 1Y146.7%
  • YTDn/a

In the last week, the Gold industry is up 11%, with Newmont up 12%. In the last 12 months, the industry was up 147%. 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
Sun, 05 Apr 2026US$350.0bUS$51.4bUS$16.0b21.4x21.9x6.8x
Tue, 03 Mar 2026US$406.6bUS$51.2bUS$16.0b22.2x25.4x7.9x
Thu, 29 Jan 2026US$372.6bUS$46.4bUS$14.2b24.9x26.3x8x
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
Price to Earnings Ratio

380.3x


Total Market Cap: US$83.5bTotal Earnings: US$219.6mTotal Revenue: US$20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 15.8x202420252026
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 21.9x which is higher than its 3-year average PE of 15.8x.
  • The 3-year average PS ratio of 4.3x 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 318% 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 Market3.46%
Materials4.64%
Metals and Mining9.27%
Gold10.75%
Aluminum21.93%
Copper9.50%
Silver6.93%
Precious Metals and Minerals6.70%
Steel3.69%
Diversified Metals and Mining3.58%
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$114.0511.7%
+US$12.9b		158.1%PE17.4x
AEM Agnico Eagle MinesUS$208.547.8%
+US$7.6b		109.6%PE23.4x
AU AngloGold AshantiUS$101.2213.5%
+US$6.1b		201.7%PE19.4x
RGLD Royal GoldUS$262.6310.6%
+US$2.1b		68.8%PE47.8x
CDE Coeur MiningUS$19.0911.4%
+US$2.0b		292.8%PE33.7x

Latest News

BVN
US$36.41
Compañía de Minas BuenaventuraA
7D
8.6%
1Y
173.3%
NEM
US$114.05
Newmont
7D
11.7%
1Y
158.1%

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.
CDE
US$19.09
Coeur Mining
7D
11.4%
1Y
292.8%

CDE: New Gold Acquisition And Rising Metal Prices Will Drive Upside

The analyst fair value estimate for Coeur Mining has been adjusted to $27.65 from $28.75, as analysts factor in updated growth and margin assumptions, along with mixed recent earnings and a broad mix of new targets, downgrades, and Outperform ratings across the Street. Analyst Commentary Recent research on Coeur Mining shows a wide range of views, with some analysts focusing on growth potential and scale, while others highlight execution risk and more limited upside to current targets.
NAMM
US$2.24
Namib Minerals
7D
-2.6%
1Y
-78.7%
AEM
US$208.54
Agnico Eagle Mines
7D
7.8%
1Y
109.6%

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$87.69
Aura Minerals
7D
25.1%
1Y
431.5%
CTGO
US$19.59
Contango Silver & Gold
7D
14.5%
1Y
100.7%
AU
US$101.22
AngloGold Ashanti
7D
13.5%
1Y
201.7%

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.
RGLD
US$262.63
Royal Gold
7D
10.6%
1Y
68.8%

Royal Gold Inc. (RGLD): The Streamer's Pivot and the "Fourmile" Growth Catalyst

Royal Gold Inc. (RGLD) is currently navigating a period of high-impact strategic growth, trading at $239.60 USD on the NASDAQ as of the afternoon session on March 30, 2026.