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U.S. Gold Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies80
  • 7D-2.3%
  • 3M18.6%
  • 1Y104.1%
  • YTDn/a

Over the last 7 days, the Gold industry has dropped 3.7%, driven by declines in Newmont and Agnico Eagle Mines of 4.9% and 4.8%, respectively. This takes the industry's 12 month performance to a gain of 99%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Nov 2025US$251.8bUS$46.4bUS$14.1b18.5x17.8x5.4x
Wed, 22 Oct 2025US$274.9bUS$43.1bUS$12.1b27x22.7x6.4x
Fri, 19 Sep 2025US$229.0bUS$42.7bUS$12.2b22.1x18.8x5.4x
Sun, 17 Aug 2025US$198.0bUS$42.4bUS$12.1b18.9x16.3x4.7x
Tue, 15 Jul 2025US$176.0bUS$39.3bUS$9.7b16.9x18.1x4.5x
Thu, 12 Jun 2025US$165.1bUS$39.3bUS$9.7b15.7x17x4.2x
Sat, 10 May 2025US$160.7bUS$39.2bUS$9.7b15.8x16.6x4.1x
Mon, 07 Apr 2025US$136.3bUS$36.6bUS$6.9b16x19.8x3.7x
Wed, 05 Mar 2025US$129.8bUS$36.6bUS$7.0b14.9x18.5x3.5x
Fri, 31 Jan 2025US$123.7bUS$33.7bUS$952.7m23.3x129.9x3.7x
Sun, 29 Dec 2024US$110.7bUS$33.7bUS$950.5m20.1x116.4x3.3x
Tue, 26 Nov 2024US$120.4bUS$33.8bUS$936.8m20x128.6x3.6x
Thu, 24 Oct 2024US$144.4bUS$30.8b-US$1,004,512,199.7427.3x-143.7x4.7x
Sat, 21 Sep 2024US$132.3bUS$30.5b-US$1,013,687,985.7128.6x-130.6x4.3x
Mon, 19 Aug 2024US$128.7bUS$30.5b-US$1,010,971,633.1427.7x-127.3x4.2x
Wed, 17 Jul 2024US$123.1bUS$27.8b-US$2,338,240,137.7934.1x-52.6x4.4x
Fri, 14 Jun 2024US$105.5bUS$27.8b-US$2,339,708,550.3031.8x-45.1x3.8x
Sun, 12 May 2024US$111.1bUS$27.8b-US$2,343,085,348.4924.2x-47.4x4x
Tue, 09 Apr 2024US$104.1bUS$26.1b-US$684,303,611.3313.1x-152.1x4x
Thu, 07 Mar 2024US$88.9bUS$26.1b-US$459,236,492.2613.7x-193.6x3.4x
Sat, 03 Feb 2024US$87.4bUS$27.9bUS$1.9b10.6x46.2x3.1x
Mon, 01 Jan 2024US$99.5bUS$28.0bUS$1.9b10.8x52.7x3.6x
Wed, 29 Nov 2023US$91.8bUS$28.1bUS$1.9b11.9x49.4x3.3x
Fri, 27 Oct 2023US$74.9bUS$28.1bUS$1.8b11x41.5x2.7x
Sun, 24 Sep 2023US$70.7bUS$23.2bUS$1.2b11.2x58.5x3x
Tue, 22 Aug 2023US$66.0bUS$20.4bUS$1.5b13.2x44.2x3.2x
Thu, 20 Jul 2023US$77.2bUS$20.7bUS$1.6b30.9x47x3.7x
Sat, 17 Jun 2023US$73.9bUS$20.7bUS$1.6b29.6x45x3.6x
Mon, 15 May 2023US$79.6bUS$20.7bUS$1.7b15.1x46.9x3.9x
Wed, 12 Apr 2023US$83.5bUS$20.9bUS$219.6m16.8x380.3x4x
Fri, 10 Mar 2023US$66.5bUS$21.0bUS$193.4m9.7x344.1x3.2x
Sun, 05 Feb 2023US$77.6bUS$20.7bUS$1.4b11.2x53.5x3.7x
Tue, 03 Jan 2023US$74.2bUS$20.7bUS$1.5b12.1x51.1x3.6x
Thu, 01 Dec 2022US$73.8bUS$20.7bUS$1.4b12.9x51.4x3.6x
Price to Earnings Ratio

51.4x


Total Market Cap: US$73.8bTotal Earnings: US$1.4bTotal Revenue: US$20.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 32.4x202320242025
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 17.8x which is lower than its 3-year average PE of 32.4x.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 5.4x.
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-1.31%
Materials0.38%
Metals and Mining-1.28%
Gold-2.29%
Precious Metals and Minerals2.38%
Steel1.42%
Aluminum0.65%
Copper-0.94%
Diversified Metals and Mining-2.94%
Silver-8.35%
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
AU AngloGold AshantiUS$79.812.6%
+US$1.0b		216.7%PE17.9x
AUGO Aura MineralsUS$35.933.7%
+US$107.8m		187.4%PS3.9x
RGLD Royal GoldUS$184.600.3%
+US$44.7m		27.4%PE32.5x
NAMM Namib MineralsUS$1.689.1%
+US$7.5m		-84.0%PS1.1x
PZG Paramount Gold NevadaUS$1.247.8%
+US$7.1m		209.2%PB3.1x

Latest News

AEM
US$160.00
Agnico Eagle Mines
7D
-3.0%
1Y
95.8%
RGLD
US$184.60
Royal Gold
7D
0.3%
1Y
27.4%
NEM
US$83.49
Newmont
7D
-4.1%
1Y
96.6%

NEM: Shares Will Advance As Gold Market Strength And Acquisition Potential Drive Upside

Newmont's analyst price target has been raised by analysts from approximately $103.42, reflecting optimism around valuation, production growth, and favorable sector trends. Analyst Commentary Analysts have recently provided updated perspectives on Newmont, resulting in a series of price target increases and rating changes.
AU
US$79.81
AngloGold Ashanti
7D
2.6%
1Y
216.7%
MUX
US$16.06
McEwen
7D
-5.1%
1Y
95.6%

MUX: Future Revenue Outlook Will Benefit From Robust Copper Project Economics

Analysts have slightly lowered their price target for McEwen to $23.20 from $24.00. They cited updated feasibility study results and an improved outlook for revenue growth and profit margins, despite higher discount rates and capital costs.
CDE
US$13.99
Coeur Mining
7D
-3.3%
1Y
122.1%

CDE: Sustained Exploration Spending Will Drive Near-Term Resource Expansion

Analysts have trimmed Coeur Mining's fair value estimate to approximately $20.86 from $21.67 per share. Recent research notes acknowledge the company’s strong rally and execution, but highlight a more cautious outlook as shares are now seen as fully valued.
GROY
US$3.48
Gold Royalty
7D
-4.7%
1Y
176.2%

GROY: Revenue Will Climb on Rising Gold Prices and Production Momentum

Analysts have raised their price target for Gold Royalty to $6, citing expectations of higher gold prices and production. These factors are projected to drive substantial revenue growth in the coming years.
DRD
US$26.48
DRDGOLD
7D
-4.9%
1Y
176.1%
NAMM
US$1.68
Namib Minerals
7D
9.1%
1Y
-84.0%
AUGO
US$35.93
Aura Minerals
7D
3.7%
1Y
187.4%
BGL
US$3.26
Blue Gold
7D
-36.3%
1Y
-71.2%
HYMC
US$9.60
Hycroft Mining Holding
7D
-8.8%
1Y
305.1%
PZG
US$1.24
Paramount Gold Nevada
7D
7.8%
1Y
209.2%