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U.S. Gold Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies81
  • 7D8.2%
  • 3M21.3%
  • 1Y159.8%
  • YTDn/a

Over the last 7 days, the Gold industry has risen 8.2%, driven by gains from Newmont of 8.2%. In the same time, Paramount Gold Nevada was down 9.5%. This takes the industry's 12 month performance to a gain of 160%. 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
Fri, 09 Jan 2026US$312.4bUS$46.4bUS$14.2b20.7x22.1x6.7x
Sun, 07 Dec 2025US$268.8bUS$46.4bUS$14.1b19.1x19x5.8x
Tue, 04 Nov 2025US$244.2bUS$45.3bUS$13.6b23.7x17.9x5.4x
Thu, 02 Oct 2025US$253.4bUS$43.1bUS$12.1b28.9x21x5.9x
Sat, 30 Aug 2025US$206.9bUS$42.4bUS$12.2b24.5x17x4.9x
Mon, 28 Jul 2025US$185.7bUS$40.3bUS$11.0b17.5x16.9x4.6x
Wed, 25 Jun 2025US$173.6bUS$39.3bUS$9.7b15.9x17.9x4.4x
Fri, 23 May 2025US$194.9bUS$52.6bUS$12.0b15.6x16.2x3.7x
Sun, 20 Apr 2025US$168.0bUS$36.6bUS$6.9b20.3x24.4x4.6x
Tue, 18 Mar 2025US$141.4bUS$36.6bUS$6.9b19.6x20.5x3.9x
Thu, 13 Feb 2025US$135.8bUS$33.7bUS$952.2m25.6x142.6x4x
Sat, 11 Jan 2025US$115.8bUS$33.7bUS$948.9m21x122x3.4x
Mon, 09 Dec 2024US$123.5bUS$33.8bUS$952.5m19.7x129.6x3.7x
Wed, 06 Nov 2024US$124.7bUS$33.5bUS$377.7m22x330.2x3.7x
Fri, 04 Oct 2024US$132.7bUS$30.8b-US$1,003,694,284.8725.4x-132.2x4.3x
Sun, 01 Sep 2024US$132.1bUS$30.5b-US$1,015,468,788.8726.5x-130.1x4.3x
Tue, 30 Jul 2024US$120.1bUS$29.6b-US$1,577,204,466.4732x-76.1x4.1x
Thu, 27 Jun 2024US$108.3bUS$27.8b-US$2,338,752,155.2730.8x-46.3x3.9x
Sat, 25 May 2024US$109.1bUS$27.8b-US$2,339,577,763.9031.3x-46.6x3.9x
Mon, 22 Apr 2024US$103.7bUS$26.1b-US$695,553,045.1313.4x-149.1x4x
Wed, 20 Mar 2024US$89.7bUS$26.0b-US$399,805,589.1913.9x-224.4x3.4x
Fri, 16 Feb 2024US$81.0bUS$24.9bUS$1.8b16x46.2x3.3x
Sun, 14 Jan 2024US$93.3bUS$27.9bUS$1.9b10.4x49.4x3.3x
Tue, 12 Dec 2023US$92.2bUS$28.1bUS$1.9b10.3x49.6x3.3x
Thu, 09 Nov 2023US$87.6bUS$28.1bUS$1.8b10.7x48.1x3.1x
Sat, 07 Oct 2023US$72.4bUS$28.0bUS$1.8b10.5x41.1x2.6x
Mon, 04 Sep 2023US$68.9bUS$23.2bUS$1.2b12.7x57x3x
Wed, 02 Aug 2023US$72.0bUS$20.5bUS$1.5b21.2x48.9x3.5x
Fri, 30 Jun 2023US$70.9bUS$20.7bUS$1.6b28.2x43.2x3.4x
Sun, 28 May 2023US$72.3bUS$20.7bUS$1.7b26.5x42.7x3.5x
Tue, 25 Apr 2023US$80.8bUS$20.9bUS$220.1m15.4x367.2x3.9x
Thu, 23 Mar 2023US$74.0bUS$20.9bUS$169.9m11.8x435.5x3.5x
Sat, 18 Feb 2023US$70.6bUS$21.2bUS$1.6b10.7x45.3x3.3x
Mon, 16 Jan 2023US$83.6bUS$20.7bUS$1.5b11.5x57.6x4x
Price to Earnings Ratio

57.6x


Total Market Cap: US$83.6bTotal Earnings: US$1.5bTotal Revenue: US$20.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 31.1x202420252026
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 22.1x which is lower than its 3-year average PE of 31.1x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 6.7x.
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 Market1.52%
Materials4.51%
Metals and Mining8.20%
Gold8.16%
Diversified Metals and Mining20.73%
Aluminum14.19%
Silver11.07%
Copper9.84%
Precious Metals and Minerals4.24%
Steel1.42%
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$186.4710.0%
+US$8.5b		123.7%PE27.2x
NEM NewmontUS$106.897.1%
+US$7.6b		173.2%PE16.2x
AU AngloGold AshantiUS$91.066.8%
+US$2.9b		261.6%PE20.4x
RGLD Royal GoldUS$243.849.7%
+US$1.8b		79.0%PE42.9x
CDE Coeur MiningUS$19.6210.0%
+US$1.1b		204.7%PE30.8x

Latest News

AEM
US$182.07
Agnico Eagle Mines
7D
7.4%
1Y
118.4%
CDE
US$19.27
Coeur Mining
7D
8.1%
1Y
199.2%

Coeur Mining, Inc.'s (NYSE:CDE) Shares Climb 26% But Its Business Is Yet to Catch Up

Jan 08
Coeur Mining, Inc.'s (NYSE:CDE) Shares Climb 26% But Its Business Is Yet to Catch Up
BVN
US$30.74
Compañía de Minas BuenaventuraA
7D
10.5%
1Y
143.6%

BVN: Future Returns Will Depend On Sustained High Precious Metals Prices

Narrative Update The analyst price target for Compañía de Minas Buenaventura has edged down by $0.50 to $27.00, as analysts factor in the company's plan to pursue higher near term capital spending to support longer term production goals, along with recent adjustments to gold and precious metals peers. Analyst Commentary Recent research updates on Compañía de Minas Buenaventura cluster around how higher near term capital spending, precious metals price trends, and sector wide rerating are feeding into valuation views.
DRD
US$32.36
DRDGOLD
7D
4.4%
1Y
256.8%
AU
US$92.74
AngloGold Ashanti
7D
8.7%
1Y
268.3%

AU: Rising Gold Output And Regular Dividends Will Support Future Upside

Analysts have raised their price target on AngloGold Ashanti from 90.57 dollars to 98.00 dollars, reflecting expectations of faster revenue growth despite slightly higher discount rates and lower projected profit margins, as well as a richer future earnings multiple. What's in the News Announced an interim dividend of 0.91 US dollars per share for the quarter ended 30 September 2025, with NYSE shares trading ex dividend and on record on 28 November 2025 and payment scheduled for 12 December 2025 (company announcement).
HYMC
US$29.74
Hycroft Mining Holding
7D
25.1%
1Y
1,336.7%
RGLD
US$242.72
Royal Gold
7D
9.2%
1Y
78.1%
NEM
US$108.01
Newmont
7D
8.2%
1Y
176.0%

NEM: Future Barrick Dealmaking Will Likely Erode Already Stretched Share Pricing

The analyst price target for Newmont has been raised significantly, from approximately $58 to about $78 per share, as analysts factor in higher expected gold prices, improved profitability, and valuation upside relative to peers. Analyst Commentary Recent Street research on Newmont reflects a broadly constructive stance, with multiple firms lifting price targets and upgrading the stock on expectations of stronger gold prices, improving free cash flow, and valuation upside relative to peers.
NAMM
US$0.98
Namib Minerals
7D
-3.0%
1Y
-90.8%
PZG
US$1.14
Paramount Gold Nevada
7D
-9.5%
1Y
216.7%