Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Gold Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies77
  • 7D4.1%
  • 3M5.4%
  • 1Y103.2%
  • YTDn/a

In the last week, the Gold industry is up 7.5%, with Agnico Eagle Mines up 5.1%. This takes the industry's 12 month performance to a gain of 104%. 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
Tue, 31 Mar 2026US$315.3bUS$51.4bUS$16.0b19.6x19.7x6.1x
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
Price to Earnings Ratio

376.7x


Total Market Cap: US$83.0bTotal Earnings: US$220.2mTotal Revenue: US$20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 17.3x202420252026
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 19.7x which is higher than its 3-year average PE of 17.6x.
  • The 3-year average PS ratio of 4.2x 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 317% 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-3.50%
Materials2.63%
Metals and Mining1.83%
Gold4.08%
Aluminum9.75%
Precious Metals and Minerals5.32%
Steel2.32%
Copper-0.32%
Silver-3.21%
Diversified Metals and Mining-8.74%
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$103.125.1%
+US$4.8b		113.6%PE15.7x
AEM Agnico Eagle MinesUS$191.864.2%
+US$3.9b		77.0%PE21.5x
AU AngloGold AshantiUS$90.565.8%
+US$2.6b		144.0%PE17.4x
RGLD Royal GoldUS$238.767.1%
+US$1.4b		46.0%PE43.4x
BVN Compañía de Minas BuenaventuraAUS$33.967.1%
+US$568.9m		117.3%PE10.9x

Latest News

AU
US$90.56
AngloGold Ashanti
7D
5.8%
1Y
144.0%
NEM
US$103.12
Newmont
7D
5.1%
1Y
113.6%
RGLD
US$238.76
Royal Gold
7D
7.1%
1Y
46.0%
CDE
US$16.50
Coeur Mining
7D
-7.8%
1Y
178.7%
CMCL
US$22.04
Caledonia Mining
7D
-1.0%
1Y
76.5%

CMCL: Stable Blanket Output And Higher Margins Will Support Bullish Repricing

Analysts have kept their $46.25 price target on Caledonia Mining unchanged, citing revised assumptions for the discount rate, revenue growth, profit margin and future P/E that they believe better align the valuation with current company forecasts. What's in the News Fourth quarter 2025 gold production at Blanket Mine was reported at 17,367 ounces, with management highlighting lower tonnages from higher grade areas and electricity supply interruptions as key operational factors affecting the second half of the year (Key Developments).
MUX
US$18.86
McEwen
7D
-0.6%
1Y
149.8%

MUX: Future Upside Will Rely On 2026 Project Execution

Analysts have lifted their McEwen price target from $27.30 to $31.70, citing recent target increases across the Street and updated assumptions that include a lower future P/E multiple, higher projected profit margins, and steady revenue growth expectations. Analyst Commentary Recent research updates cluster around a common theme, with several firms lifting their McEwen price targets and pointing to company specific drivers rather than broad market factors.
BVN
US$33.96
Compañía de Minas BuenaventuraA
7D
7.1%
1Y
117.3%
AEM
US$191.86
Agnico Eagle Mines
7D
4.2%
1Y
77.0%
NAMM
US$2.20
Namib Minerals
7D
-5.2%
1Y
-79.8%
HYMC
US$30.47
Hycroft Mining Holding
7D
-5.3%
1Y
840.4%
VGZ
US$1.76
Vista Gold
7D
-5.9%
1Y
112.6%
DRD
US$27.65
DRDGOLD
7D
1.7%
1Y
78.7%
DC
US$4.66
Dakota Gold
7D
2.6%
1Y
75.8%
AUGO
US$70.90
Aura Minerals
7D
8.3%
1Y
263.0%
BGL
US$1.11
Blue Gold
7D
-6.7%
1Y
n/a
PZG
US$1.55
Paramount Gold Nevada
7D
-1.9%
1Y
318.9%