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U.S. Gold Industry Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies81
  • 7D3.9%
  • 3M19.6%
  • 1Y165.5%
  • YTDn/a

Over the last 7 days, the Gold industry has risen 6.8%, driven by gains in Newmont and Agnico Eagle Mines of 3.4% and 4.1%, respectively. Meanwhile, Blue Gold actually underperformed within the industry, shrinking 11% in the last week. In the last 12 months, the industry was up 164%. 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, 26 Dec 2025US$303.5bUS$46.4bUS$14.2b20.8x21.4x6.5x
Sun, 23 Nov 2025US$251.8bUS$46.4bUS$14.1b18.5x17.8x5.4x
Tue, 21 Oct 2025US$274.9bUS$43.1bUS$12.1b28.4x22.7x6.4x
Thu, 18 Sep 2025US$230.0bUS$42.7bUS$12.2b22x18.9x5.4x
Sat, 16 Aug 2025US$197.1bUS$42.4bUS$12.1b18.9x16.3x4.7x
Mon, 14 Jul 2025US$176.0bUS$39.3bUS$9.7b16.7x18.1x4.5x
Wed, 11 Jun 2025US$167.7bUS$39.3bUS$9.7b15.3x17.3x4.3x
Fri, 09 May 2025US$163.9bUS$38.2bUS$9.2b17.9x17.9x4.3x
Sun, 06 Apr 2025US$136.3bUS$36.6bUS$6.9b16x19.8x3.7x
Tue, 04 Mar 2025US$130.5bUS$36.6bUS$7.0b14.8x18.6x3.6x
Thu, 30 Jan 2025US$123.2bUS$33.7bUS$952.4m22.4x129.4x3.7x
Sat, 28 Dec 2024US$111.4bUS$33.7bUS$950.5m20.1x117.3x3.3x
Mon, 25 Nov 2024US$120.4bUS$33.8bUS$936.4m20.8x128.6x3.6x
Wed, 23 Oct 2024US$141.8bUS$30.8b-US$1,003,466,566.7528.6x-141.3x4.6x
Fri, 20 Sep 2024US$131.2bUS$30.5b-US$1,013,969,675.0028.5x-129.4x4.3x
Sun, 18 Aug 2024US$128.7bUS$30.5b-US$1,010,971,633.1427.7x-127.3x4.2x
Tue, 16 Jul 2024US$123.5bUS$27.8b-US$2,338,915,088.0735.6x-52.8x4.4x
Thu, 13 Jun 2024US$106.0bUS$27.8b-US$2,339,645,185.7029.5x-45.3x3.8x
Sat, 11 May 2024US$111.3bUS$27.8b-US$2,343,081,106.2824.2x-47.5x4x
Mon, 08 Apr 2024US$104.1bUS$26.1b-US$684,436,025.6813.3x-152.1x4x
Wed, 06 Mar 2024US$88.5bUS$26.1b-US$459,524,710.4013.5x-192.6x3.4x
Fri, 02 Feb 2024US$90.4bUS$27.9bUS$1.9b10.5x47.8x3.2x
Sun, 31 Dec 2023US$99.6bUS$28.0bUS$1.9b10.8x52.7x3.6x
Tue, 28 Nov 2023US$90.1bUS$28.1bUS$1.9b11.4x48x3.2x
Thu, 26 Oct 2023US$75.0bUS$28.0bUS$1.8b11.4x42.5x2.7x
Sat, 23 Sep 2023US$70.7bUS$23.2bUS$1.2b11.2x58.5x3x
Mon, 21 Aug 2023US$66.0bUS$20.4bUS$1.5b13.1x44.5x3.2x
Wed, 19 Jul 2023US$77.2bUS$20.7bUS$1.6b31.5x47x3.7x
Fri, 16 Jun 2023US$71.9bUS$20.7bUS$1.6b29.6x43.8x3.5x
Sun, 14 May 2023US$79.6bUS$20.7bUS$1.7b15.1x46.9x3.9x
Tue, 11 Apr 2023US$82.0bUS$20.9bUS$219.5m16.5x373.4x3.9x
Thu, 09 Mar 2023US$66.8bUS$21.0bUS$193.2m9.9x345.6x3.2x
Sat, 04 Feb 2023US$77.6bUS$20.7bUS$1.4b11.2x53.5x3.7x
Mon, 02 Jan 2023US$74.2bUS$20.7bUS$1.5b12.1x51.1x3.6x
Price to Earnings Ratio

51.1x


Total Market Cap: US$74.2bTotal Earnings: US$1.5bTotal Revenue: US$20.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 31.5x20242025
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 21.4x which is lower than its 3-year average PE of 31.5x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 6.5x.
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 Market1.34%
Materials2.03%
Metals and Mining3.58%
Gold3.88%
Precious Metals and Minerals4.69%
Aluminum4.53%
Copper3.90%
Diversified Metals and Mining3.40%
Steel2.48%
Silver1.13%
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$104.733.4%
+US$3.7b		176.8%PE15.9x
AEM Agnico Eagle MinesUS$181.344.1%
+US$3.6b		130.6%PE26.4x
AU AngloGold AshantiUS$89.914.3%
+US$1.9b		286.4%PE20.2x
HYMC Hycroft Mining HoldingUS$24.9652.0%
+US$691.4m		1,082.9%PB42.6x
RGLD Royal GoldUS$233.112.4%
+US$461.7m		74.2%PE41x

Latest News

RGLD
US$233.11
Royal Gold
7D
2.4%
1Y
74.2%
BVN
US$29.51
Compañía de Minas BuenaventuraA
7D
4.1%
1Y
140.7%
AEM
US$181.34
Agnico Eagle Mines
7D
4.1%
1Y
130.6%

AEM: Gold Rally And Geopolitical Uncertainty Will Shape Balanced Future Outlook

Agnico Eagle Mines' analyst price target has inched higher from approximately $195 to about $197 per share as analysts factor in stronger revenue growth assumptions, slightly improved margins, and a supportive outlook for precious metal prices amid ongoing macroeconomic and geopolitical uncertainty. Analyst Commentary Recent Street research has turned more constructive on Agnico Eagle Mines, with multiple firms lifting price targets to reflect stronger precious metals pricing, improving capital allocation, and a more supportive macro backdrop for gold and silver.
HYMC
US$24.96
Hycroft Mining Holding
7D
52.0%
1Y
1,082.9%
NEM
US$104.73
Newmont
7D
3.4%
1Y
176.8%

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.
DRD
US$33.34
DRDGOLD
7D
6.7%
1Y
286.8%
CDE
US$18.72
Coeur Mining
7D
2.6%
1Y
224.4%

CDE: Diversified Mines And Exploration Success Will Drive Future Upside Potential

Analysts have nudged their average price target on Coeur Mining modestly higher to reflect stronger valuation multiples and solid growth prospects highlighted in recent research, even as some now view the stock as fairly valued following its sharp rally. Analyst Commentary Recent Street research presents a more balanced picture on Coeur Mining, with some bullish analysts still highlighting attractive growth and asset quality, while more cautious voices focus on valuation after the stock's strong run.
AU
US$89.91
AngloGold Ashanti
7D
4.3%
1Y
286.4%

AU: Rising Gold Output Will Likely Fail To Justify Current Share Price

Analysts have significantly raised their price target for AngloGold Ashanti from approximately $38 to about $67 per share, citing expectations for stronger revenue growth, improved profit margins, a slightly higher required return, and a modestly lower future earnings multiple. What's in the News AngloGold Ashanti increased its interim dividend to 91 US cents per share for the three months ended 30 September 2025, indicating confidence in cash generation and balance sheet strength (Key Developments).
BGL
US$2.63
Blue Gold
7D
-10.8%
1Y
n/a
AUST
US$1.67
Austin Gold
7D
-5.6%
1Y
41.5%
PZG
US$1.18
Paramount Gold Nevada
7D
-0.8%
1Y
258.7%
VGZ
US$2.09
Vista Gold
7D
-0.5%
1Y
273.2%