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

U.S. Gold Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies81
  • 7D9.3%
  • 3M46.5%
  • 1Y185.4%
  • YTDn/a

The Gold industry is up 9.3% in the last week, with Newmont up 8.9%. This means that the industry has gained 185% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 05 Mar 2023US$71.0bUS$21.0bUS$193.1m10x367.9x3.4x
Tue, 31 Jan 2023US$81.9bUS$20.7bUS$1.4b11.3x56.5x4x
Price to Earnings Ratio

56.5x


Total Market Cap: US$81.9bTotal Earnings: US$1.4bTotal Revenue: US$20.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Gold Industry Price to Earnings3Y Average 30.6x202420252026
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 25.5x which is lower than its 3-year average PE of 30.6x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 7.8x.
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-0.39%
Materials3.38%
Metals and Mining6.38%
Gold9.32%
Silver19.81%
Diversified Metals and Mining10.53%
Precious Metals and Minerals5.30%
Steel3.56%
Aluminum3.01%
Copper2.23%
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$124.318.9%
+US$11.1b		195.7%PE18.8x
AEM Agnico Eagle MinesUS$214.548.6%
+US$8.6b		138.5%PE31.2x
AU AngloGold AshantiUS$106.267.3%
+US$3.7b		276.4%PE23.8x
RGLD Royal GoldUS$293.0910.5%
+US$2.4b		110.2%PE51.5x
CDE Coeur MiningUS$26.1115.6%
+US$2.3b		312.5%PE41x

Latest News

CDE
US$26.11
Coeur Mining
7D
15.6%
1Y
312.5%
NEM
US$124.31
Newmont
7D
8.9%
1Y
195.7%

NEM: Future Barrick Nevada Deal Pursuit Will Likely Pressure Stretched Shares

Narrative Update on Newmont Analysts have lifted their implied price target on Newmont by about US$7 per share, reflecting updated views on fair value, refreshed commodity price assumptions, and company guidance that points to revenue growth, a different profit margin profile, and a slightly higher future P/E multiple. Analyst Commentary Recent Street research on Newmont has centered on refreshed commodity price assumptions, updated company guidance, and how those factors flow through to valuation.
GROY
US$4.79
Gold Royalty
7D
-3.2%
1Y
283.2%
RGLD
US$293.09
Royal Gold
7D
10.5%
1Y
110.2%
BVN
US$37.10
Compañía de Minas BuenaventuraA
7D
7.0%
1Y
185.4%

BVN: Future Returns Will Hinge On Costly Production Expansion Execution

Narrative Update on Compañía de Minas Buenaventura The updated analyst work implies a higher fair value estimate of about $28.42 per share, up from roughly $27.17. Analysts factor in adjusted long term production plans, refined growth and margin assumptions, and recent shifts in Street price targets on Buenaventura.
AU
US$106.26
AngloGold Ashanti
7D
7.3%
1Y
276.4%
AEM
US$214.54
Agnico Eagle Mines
7D
8.6%
1Y
138.5%

AEM: Precious Metals Strength And Capital Returns Will Shape Balanced Outlook

Narrative Update Analysts have lifted their price target on Agnico Eagle Mines to about $205 from roughly $197, reflecting updated views on higher potential revenue growth, a stronger profit margin profile, and a slightly lower future P/E multiple. These changes are supported by recent target increases from several major firms, as precious metals prices and sector-specific capital returns and M&A activity continue to be highlighted.
AUGO
US$68.30
Aura Minerals
7D
13.4%
1Y
442.5%
HYMC
US$50.65
Hycroft Mining Holding
7D
46.3%
1Y
2,277.9%