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U.S. Gold Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies79
  • 7D4.9%
  • 3M17.8%
  • 1Y130.8%
  • YTDn/a

Over the last 7 days, the Gold industry has risen 4.9%, driven by gains from Newmont of 10%. In the same time, Blue Gold was down 18%. This means that the industry has gained 131% over the past year. 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
Mon, 15 Dec 2025US$282.1bUS$46.4bUS$14.2b19.5x19.9x6.1x
Wed, 12 Nov 2025US$258.8bUS$45.5bUS$13.7b23x18.9x5.7x
Fri, 10 Oct 2025US$264.7bUS$43.1bUS$12.1b27.4x21.9x6.1x
Sun, 07 Sep 2025US$217.0bUS$42.4bUS$12.2b25.8x17.8x5.1x
Tue, 05 Aug 2025US$179.9bUS$42.1bUS$12.0b15.7x15x4.3x
Thu, 03 Jul 2025US$175.2bUS$39.3bUS$9.7b16.6x18x4.5x
Sat, 31 May 2025US$164.5bUS$39.3bUS$9.7b15.6x16.9x4.2x
Mon, 28 Apr 2025US$161.9bUS$38.2bUS$9.1b17.1x17.8x4.2x
Wed, 26 Mar 2025US$144.1bUS$36.6bUS$6.9b20.6x20.9x3.9x
Fri, 21 Feb 2025US$136.9bUS$34.9bUS$2.4b22.2x56.9x3.9x
Sun, 19 Jan 2025US$120.7bUS$33.7bUS$950.4m22x127x3.6x
Tue, 17 Dec 2024US$118.2bUS$33.8bUS$953.3m21.4x124x3.5x
Thu, 14 Nov 2024US$114.0bUS$33.7bUS$932.5m20.6x122.2x3.4x
Sat, 12 Oct 2024US$130.6bUS$30.8b-US$1,002,923,227.5027.2x-130.2x4.2x
Mon, 09 Sep 2024US$124.8bUS$30.5b-US$1,015,386,777.8325.6x-122.9x4.1x
Wed, 07 Aug 2024US$118.8bUS$30.0b-US$1,410,439,500.1625.8x-84.2x4x
Fri, 05 Jul 2024US$113.0bUS$27.8b-US$2,339,374,079.9932.9x-48.3x4.1x
Sun, 02 Jun 2024US$110.8bUS$27.8b-US$2,341,101,205.4730.5x-47.3x4x
Tue, 30 Apr 2024US$109.6bUS$27.4b-US$867,154,171.0313.9x-126.4x4x
Thu, 28 Mar 2024US$95.5bUS$26.1b-US$673,727,591.7212.9x-141.8x3.7x
Sat, 24 Feb 2024US$83.0bUS$26.0b-US$554,328,984.2317x-149.7x3.2x
Mon, 22 Jan 2024US$87.1bUS$27.9bUS$1.9b10x46.1x3.1x
Wed, 20 Dec 2023US$100.3bUS$28.1bUS$1.9b10.9x53.9x3.6x
Fri, 17 Nov 2023US$87.6bUS$28.1bUS$1.9b10.7x46.6x3.1x
Sun, 15 Oct 2023US$77.6bUS$28.0bUS$1.8b11.7x44.1x2.8x
Tue, 12 Sep 2023US$68.4bUS$23.2bUS$1.2b12.3x56.5x2.9x
Thu, 10 Aug 2023US$69.0bUS$20.5bUS$1.5b21.5x47.2x3.4x
Sat, 08 Jul 2023US$70.9bUS$20.7bUS$1.6b30x43.2x3.4x
Mon, 05 Jun 2023US$73.1bUS$20.7bUS$1.7b27.5x43.1x3.5x
Wed, 03 May 2023US$82.1bUS$20.7bUS$1.8b15.5x46.5x4x
Fri, 31 Mar 2023US$77.4bUS$20.9bUS$221.4m16.2x349.7x3.7x
Sun, 26 Feb 2023US$68.3bUS$21.0bUS$191.3m10.5x356.9x3.3x
Tue, 24 Jan 2023US$83.0bUS$20.7bUS$1.4b11.8x57.3x4x
Thu, 22 Dec 2022US$75.0bUS$20.7bUS$1.4b12.4x51.8x3.6x
Price to Earnings Ratio

51.8x


Total Market Cap: US$75.0bTotal Earnings: US$1.4bTotal Revenue: US$20.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 31.8x202320242025
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 19.9x which is lower than its 3-year average PE of 31.8x.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 6.1x.
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 Market-0.59%
Materials2.54%
Metals and Mining3.52%
Gold4.88%
Silver10.85%
Precious Metals and Minerals7.18%
Aluminum4.33%
Steel3.01%
Copper2.65%
Diversified Metals and Mining-4.36%
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$98.1410.3%
+US$10.0b		144.9%PE14.9x
AU AngloGold AshantiUS$82.925.2%
+US$2.1b		237.8%PE18.6x
AEM Agnico Eagle MinesUS$168.272.2%
+US$1.8b		103.6%PE24.5x
RGLD Royal GoldUS$218.7510.3%
+US$1.7b		50.2%PE38.5x
CDE Coeur MiningUS$17.2512.7%
+US$1.2b		173.4%PE27.1x

Latest News

CDE
US$17.25
Coeur Mining
7D
12.7%
1Y
173.4%
AU
US$82.92
AngloGold Ashanti
7D
5.2%
1Y
237.8%
AUGO
US$46.59
Aura Minerals
7D
15.4%
1Y
281.6%
AEM
US$168.27
Agnico Eagle Mines
7D
2.2%
1Y
103.6%

AEM: Geopolitical Uncertainty And Gold Rally Will Drive Future Upside

Analysts have nudged their price target for Agnico Eagle Mines higher, reflecting an improved fair value estimate of about $195 per share. This is driven by more constructive assumptions on revenue growth, margins, and sustained support from higher gold price forecasts and sector tailwinds.
BVN
US$28.16
Compañía de Minas BuenaventuraA
7D
13.2%
1Y
113.7%

BVN: Future Returns Will Depend On Metals Strength And Capital-Heavy Expansion Execution

Analysts have trimmed their price target for Compañía de Minas BuenaventuraA slightly to $27.00 from $27.50, citing higher near term capital needs to support long term production growth plans in a supportive precious metals backdrop. Analyst Commentary Recent Street research reflects a mix of optimism around Compañía de Minas BuenaventuraA’s long term growth profile and caution regarding the elevated capital outlay required to unlock that potential.
NEM
US$98.14
Newmont
7D
10.3%
1Y
144.9%

NEM: Shares Will Rise On Constructive Gold Cycle And Acquisition Ambitions

Analysts have nudged our Newmont fair value estimate modestly higher to approximately $105, reflecting a series of higher Street price targets, stronger expected revenue growth and margins, and sustained optimism around gold and broader metals pricing, despite a still challenging macro backdrop. Analyst Commentary Recent Street research for Newmont has skewed overwhelmingly positive, with multiple upward price target revisions and several rating upgrades clustered in a short time frame.
BGL
US$3.09
Blue Gold
7D
-18.3%
1Y
-74.9%
RGLD
US$218.75
Royal Gold
7D
10.3%
1Y
50.2%

RGLD: Recent Acquisitions And Precious Metals Rally Will Support Stronger Returns

Royal Gold’s analyst price target has increased slightly to $248.55. Analysts cite portfolio enhancements, ongoing M&A momentum, and supportive market conditions as key factors behind their updated outlook.
DRD
US$31.40
DRDGOLD
7D
7.4%
1Y
241.3%
NAMM
US$1.18
Namib Minerals
7D
-1.7%
1Y
-88.9%