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U.S. Gold Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies83
  • 7D6.6%
  • 3M41.8%
  • 1Y186.4%
  • YTDn/a

Over the last 7 days, the Gold industry has risen 6.6%, driven by gains from Agnico Eagle Mines of 9.0%. Meanwhile, Gold Resource actually underperformed within the industry, shrinking 17% in the last week. This takes the industry's 12 month performance to a gain of 186%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026US$390.1bUS$50.9bUS$15.7b23.6x24.9x7.7x
Sat, 24 Jan 2026US$361.0bUS$46.4bUS$14.2b23.6x25.5x7.8x
Mon, 22 Dec 2025US$292.1bUS$46.4bUS$14.2b19.8x20.6x6.3x
Wed, 19 Nov 2025US$257.8bUS$46.4bUS$14.2b18.6x18.2x5.6x
Fri, 17 Oct 2025US$274.9bUS$43.1bUS$12.1b30.3x22.7x6.4x
Sun, 14 Sep 2025US$230.5bUS$42.4bUS$12.2b26x19x5.4x
Tue, 12 Aug 2025US$200.8bUS$42.4bUS$12.1b16.7x16.6x4.7x
Thu, 10 Jul 2025US$170.7bUS$39.3bUS$9.7b16.6x17.6x4.3x
Sat, 07 Jun 2025US$171.8bUS$39.3bUS$9.7b15.6x17.7x4.4x
Mon, 05 May 2025US$155.3bUS$38.2bUS$9.1b16.9x17.1x4.1x
Wed, 02 Apr 2025US$149.4bUS$36.6bUS$6.9b17.7x21.6x4.1x
Fri, 28 Feb 2025US$133.5bUS$36.6bUS$7.0b14.7x19x3.6x
Sun, 26 Jan 2025US$124.3bUS$33.8bUS$952.8m22.6x130.5x3.7x
Tue, 24 Dec 2024US$111.4bUS$33.7bUS$950.9m20.1x117.1x3.3x
Thu, 21 Nov 2024US$119.0bUS$33.8bUS$936.5m20.6x127.1x3.5x
Sat, 19 Oct 2024US$137.1bUS$30.8b-US$1,003,809,068.0628x-136.5x4.5x
Mon, 16 Sep 2024US$133.9bUS$30.5b-US$1,014,849,796.7128.6x-131.9x4.4x
Wed, 14 Aug 2024US$124.2bUS$30.5b-US$1,009,403,888.7222.6x-123x4.1x
Fri, 12 Jul 2024US$119.7bUS$27.8b-US$2,338,193,312.9531.5x-51.2x4.3x
Sun, 09 Jun 2024US$105.4bUS$27.8b-US$2,341,328,354.6232x-45x3.8x
Tue, 07 May 2024US$108.2bUS$27.8b-US$2,345,282,521.3822.4x-46.1x3.9x
Thu, 04 Apr 2024US$101.2bUS$26.1b-US$684,547,030.7413.3x-147.8x3.9x
Sat, 02 Mar 2024US$81.8bUS$26.0b-US$556,452,899.0217.2x-147.1x3.1x
Mon, 29 Jan 2024US$87.4bUS$27.9bUS$1.9b10.4x46.2x3.1x
Wed, 27 Dec 2023US$102.1bUS$28.1bUS$1.9b11.4x54.9x3.6x
Fri, 24 Nov 2023US$89.8bUS$28.1bUS$1.9b10.9x47.8x3.2x
Sun, 22 Oct 2023US$77.7bUS$28.0bUS$1.8b11.9x44x2.8x
Tue, 19 Sep 2023US$71.0bUS$23.2bUS$1.2b11.8x58.8x3.1x
Thu, 17 Aug 2023US$65.9bUS$20.4bUS$1.5b13.2x44.4x3.2x
Sat, 15 Jul 2023US$76.1bUS$20.7bUS$1.6b31.1x46.3x3.7x
Mon, 12 Jun 2023US$71.8bUS$20.7bUS$1.7b28.3x42.4x3.5x
Wed, 10 May 2023US$83.5bUS$20.7bUS$1.7b14.9x47.9x4x
Fri, 07 Apr 2023US$83.0bUS$20.9bUS$220.2m16.8x376.7x4x
Sun, 05 Mar 2023US$71.0bUS$21.0bUS$193.1m10x367.9x3.4x
Price to Earnings Ratio

367.9x


Total Market Cap: US$71.0bTotal Earnings: US$193.1mTotal Revenue: US$21.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 28.9x202420252026
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 24.9x which is lower than its 3-year average PE of 28.9x.
  • The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 7.7x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 333% per year over the last three years.
  • Revenues for these companies have grown 34% 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 Market0.90%
Materials2.25%
Metals and Mining5.97%
Gold6.63%
Copper11.09%
Precious Metals and Minerals6.94%
Silver6.10%
Aluminum5.39%
Diversified Metals and Mining-1.96%
Steel-2.82%
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
AEM Agnico Eagle MinesUS$240.559.0%
+US$10.0b		144.6%PE27x
AU AngloGold AshantiUS$124.5014.9%
+US$8.2b		301.1%PE23.9x
AUGO Aura MineralsUS$84.6723.1%
+US$1.3b		432.2%PS9.2x
RGLD Royal GoldUS$287.445.8%
+US$1.3b		98.2%PE52.3x
CDE Coeur MiningUS$24.598.9%
+US$1.3b		367.5%PE26.9x

Latest News

AEM
US$240.55
Agnico Eagle Mines
7D
9.0%
1Y
144.6%
AU
US$124.50
AngloGold Ashanti
7D
14.9%
1Y
301.1%
CDE
US$24.59
Coeur Mining
7D
8.9%
1Y
367.5%
RGLD
US$287.44
Royal Gold
7D
5.8%
1Y
98.2%

RGLD: Future Upside Will Rely On Higher P/E And Streaming Portfolio Execution

Our analyst price target for Royal Gold has shifted slightly higher to $329.73 from $324.18, reflecting how mixed Street calls, including recent target changes and rating moves, are feeding into updated assumptions on discount rate, growth, margins, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts lifting their targets, including a recent US$80 upward move and an earlier US$30 increase, point to confidence that current valuation still leaves room for upside if Royal Gold executes on its royalty and streaming portfolio plans.
DRD
US$36.81
DRDGOLD
7D
7.9%
1Y
221.2%
BVN
US$40.01
Compañía de Minas BuenaventuraA
7D
5.9%
1Y
211.6%

BVN: Future Returns Will Depend On Delivering High Risk Production Ramp-Up

Analysts have raised their price target on Compañía de Minas Buenaventura by $15 to reflect updated assumptions around discount rates and future P/E. This change sets the stage for a fresh look at the stock’s risk and return profile.
HYMC
US$48.62
Hycroft Mining Holding
7D
19.5%
1Y
1,960.2%
GORO
US$1.39
Gold Resource
7D
-16.8%
1Y
195.7%
AUGO
US$84.67
Aura Minerals
7D
23.1%
1Y
432.2%