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U.S. Gold Industry Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies79
  • 7D4.2%
  • 3M9.6%
  • 1Y145.0%
  • YTDn/a

Over the last 7 days, the Gold industry has risen 4.2%, driven by gains from Newmont of 5.9%. Meanwhile, Blue Gold actually underperformed within the industry, shrinking 18% in the last week. In the last 12 months, the industry was up 145%. 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
Thu, 09 Apr 2026US$338.9bUS$49.7bUS$15.2b23.5x22.3x6.8x
Sat, 07 Mar 2026US$358.0bUS$51.3bUS$16.0b20.4x22.4x7x
Mon, 02 Feb 2026US$325.3bUS$46.4bUS$14.2b20.4x23x7x
Wed, 31 Dec 2025US$288.9bUS$46.4bUS$14.2b19.7x20.4x6.2x
Fri, 28 Nov 2025US$274.6bUS$46.4bUS$14.2b19.7x19.4x5.9x
Sun, 26 Oct 2025US$249.6bUS$44.0bUS$13.1b27.7x19.1x5.7x
Tue, 23 Sep 2025US$239.7bUS$42.7bUS$12.2b23.4x19.7x5.6x
Thu, 21 Aug 2025US$192.4bUS$42.4bUS$12.1b22.9x15.8x4.5x
Sat, 19 Jul 2025US$172.3bUS$39.3bUS$9.7b16.6x17.7x4.4x
Mon, 16 Jun 2025US$178.4bUS$39.3bUS$9.7b16.8x18.4x4.5x
Wed, 14 May 2025US$184.5bUS$52.6bUS$12.0b13.4x15.3x3.5x
Fri, 11 Apr 2025US$147.5bUS$36.6bUS$6.9b18.5x21.4x4x
Sun, 09 Mar 2025US$135.1bUS$36.6bUS$7.0b15.4x19.2x3.7x
Tue, 04 Feb 2025US$127.6bUS$33.7bUS$951.8m23.8x134.1x3.8x
Thu, 02 Jan 2025US$109.3bUS$33.7bUS$949.9m20.1x115.1x3.2x
Sat, 30 Nov 2024US$118.2bUS$33.8bUS$952.1m20.2x124.1x3.5x
Mon, 28 Oct 2024US$130.2bUS$32.9b-US$288,184,471.8326.2x-451.7x4x
Wed, 25 Sep 2024US$134.4bUS$30.5b-US$1,013,272,799.7029.4x-132.6x4.4x
Fri, 23 Aug 2024US$132.8bUS$30.5b-US$1,015,978,016.9427.4x-130.7x4.4x
Sun, 21 Jul 2024US$121.7bUS$27.8b-US$2,339,423,925.9737.7x-52x4.4x
Tue, 18 Jun 2024US$106.3bUS$27.8b-US$2,339,054,900.4536.9x-45.5x3.8x
Thu, 16 May 2024US$111.4bUS$27.8b-US$2,333,815,165.4638.5x-47.7x4x
Sat, 13 Apr 2024US$103.3bUS$26.1b-US$685,059,969.9113.3x-150.8x4x
Mon, 11 Mar 2024US$91.3bUS$26.1b-US$458,964,191.9714x-198.9x3.5x
Wed, 07 Feb 2024US$85.1bUS$24.8bUS$1.7b16x49.3x3.4x
Fri, 05 Jan 2024US$96.0bUS$27.9bUS$1.9b10.4x50.8x3.4x
Sun, 03 Dec 2023US$98.4bUS$28.1bUS$1.9b11.8x52.9x3.5x
Tue, 31 Oct 2023US$75.8bUS$28.1bUS$1.8b11.1x41.7x2.7x
Thu, 28 Sep 2023US$72.4bUS$28.0bUS$1.8b10.6x41.2x2.6x
Sat, 26 Aug 2023US$67.0bUS$20.4bUS$1.5b13x44.7x3.3x
Mon, 24 Jul 2023US$74.7bUS$20.3bUS$1.4b29.6x52.7x3.7x
Wed, 21 Jun 2023US$71.7bUS$20.7bUS$1.6b29.7x43.7x3.5x
Fri, 19 May 2023US$75.4bUS$20.7bUS$1.7b27.9x45x3.6x
Sun, 16 Apr 2023US$84.3bUS$20.9bUS$220.0m17x383.2x4x
Price to Earnings Ratio

383.2x


Total Market Cap: US$84.3bTotal Earnings: US$220.0mTotal Revenue: US$20.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 14.5x202420252026
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 22.3x which is higher than its 3-year average PE of 14.8x.
  • 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 311% per year over the last three years.
  • Revenues for these companies have grown 33% 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 Market1.21%
Materials0.83%
Metals and Mining3.01%
Gold4.22%
Aluminum10.46%
Precious Metals and Minerals6.43%
Silver3.71%
Copper1.95%
Diversified Metals and Mining0.78%
Steel0.61%
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$118.153.8%
+US$4.7b		142.4%PE18x
AEM Agnico Eagle MinesUS$215.592.6%
+US$2.8b		103.8%PE24.2x
AU AngloGold AshantiUS$107.423.8%
+US$2.0b		194.9%PE20.6x
CDE Coeur MiningUS$19.723.2%
+US$631.3m		253.4%PE34.8x
AUGO Aura MineralsUS$94.538.2%
+US$596.6m		428.1%PS8.6x

Latest News

RGLD
US$268.17
Royal Gold
7D
1.4%
1Y
63.0%

Royal Gold: No Longer A Bargain (Rating Downgrade)

Apr 08
GROY
US$3.64
Gold Royalty
7D
-2.2%
1Y
154.5%

GROY: Future Production Ramp And Mixed Ratings Will Shape Upside Potential

The updated analyst price target for Gold Royalty moves to $5.00 from $4.50, as analysts point to revised assumptions around revenue growth, profit margins, and P/E expectations reflected in recent mixed target changes and a valuation downgrade. Analyst Commentary Recent research on Gold Royalty has been mixed, with some analysts revising targets higher while others trim expectations or shift to a more neutral stance.
NEM
US$118.15
Newmont
7D
3.8%
1Y
142.4%

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$19.72
Coeur Mining
7D
3.2%
1Y
253.4%

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.
HYMC
US$37.00
Hycroft Mining Holding
7D
5.6%
1Y
1,240.6%
AEM
US$215.59
Agnico Eagle Mines
7D
2.6%
1Y
103.8%

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$94.53
Aura Minerals
7D
8.2%
1Y
428.1%
CTGO
US$21.16
Contango Silver & Gold
7D
14.1%
1Y
107.2%
AU
US$107.42
AngloGold Ashanti
7D
3.8%
1Y
194.9%

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.
AUST
US$1.43
Austin Gold
7D
-5.3%
1Y
18.2%
VGZ
US$1.96
Vista Gold
7D
-4.9%
1Y
167.1%
BGL
US$0.98
Blue Gold
7D
-24.0%
1Y
n/a
PZG
US$1.66
Paramount Gold Nevada
7D
-4.6%
1Y
359.8%