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U.S. Metals and Mining Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies275
  • 7D6.2%
  • 3M42.0%
  • 1Y125.1%
  • YTD30.7%

In the last week, the Metals and Mining industry is up 6.2%, with Southern Copper up 8.6%. In the same time, Evolution Metals & Technologies was down 27%. This takes the industry's 12 month performance to a gain of 125%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

Has the U.S. Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026US$889.4bUS$255.1bUS$25.8b23.5x34.5x3.5x
Mon, 26 Jan 2026US$832.6bUS$248.5bUS$23.0b27.1x36.2x3.4x
Wed, 24 Dec 2025US$686.4bUS$248.5bUS$22.5b26.4x30.5x2.8x
Fri, 21 Nov 2025US$588.0bUS$248.3bUS$22.5b20.5x26.1x2.4x
Sun, 19 Oct 2025US$597.9bUS$242.2bUS$20.1b25.3x29.7x2.5x
Tue, 16 Sep 2025US$545.8bUS$244.5bUS$20.3b24.7x26.9x2.2x
Thu, 14 Aug 2025US$500.4bUS$244.5bUS$20.5b21.5x24.4x2x
Sat, 12 Jul 2025US$468.6bUS$243.9bUS$17.9b23.2x26.2x1.9x
Mon, 09 Jun 2025US$453.3bUS$259.2bUS$17.8b21.4x25.4x1.7x
Wed, 07 May 2025US$427.4bUS$258.8bUS$18.1b21.6x23.6x1.7x
Fri, 04 Apr 2025US$429.9bUS$262.9bUS$16.9b20.4x25.5x1.6x
Sun, 02 Mar 2025US$411.7bUS$263.2bUS$17.2b20.9x23.9x1.6x
Tue, 28 Jan 2025US$410.1bUS$263.2bUS$11.9b16.5x34.4x1.6x
Thu, 26 Dec 2024US$393.8bUS$265.9bUS$12.5b15.4x31.5x1.5x
Sat, 23 Nov 2024US$442.7bUS$266.0bUS$12.4b19.3x35.6x1.7x
Mon, 21 Oct 2024US$476.5bUS$267.1bUS$11.2b14.6x42.6x1.8x
Wed, 18 Sep 2024US$432.0bUS$267.5bUS$11.3b14x38.1x1.6x
Fri, 16 Aug 2024US$425.6bUS$267.1bUS$11.4b13.5x37.4x1.6x
Sun, 14 Jul 2024US$463.5bUS$266.5bUS$12.8b13.9x36.3x1.7x
Tue, 11 Jun 2024US$437.7bUS$266.7bUS$13.0b14.7x33.7x1.6x
Thu, 09 May 2024US$451.1bUS$266.8bUS$13.1b13.4x34.5x1.7x
Sat, 06 Apr 2024US$449.2bUS$266.3bUS$15.7b14.6x28.7x1.7x
Mon, 04 Mar 2024US$384.3bUS$266.5bUS$15.8b14.2x24.4x1.4x
Wed, 31 Jan 2024US$391.5bUS$276.7bUS$18.8b16.9x20.9x1.4x
Fri, 29 Dec 2023US$422.4bUS$279.0bUS$19.4b18.1x21.8x1.5x
Sun, 26 Nov 2023US$367.3bUS$280.1bUS$20.0b15.3x18.4x1.3x
Tue, 24 Oct 2023US$330.5bUS$282.8bUS$22.1b11.6x15x1.2x
Thu, 21 Sep 2023US$353.0bUS$279.1bUS$21.3b12.4x16.6x1.3x
Sat, 19 Aug 2023US$354.4bUS$276.4bUS$21.7b13.8x16.4x1.3x
Mon, 17 Jul 2023US$366.4bUS$284.5bUS$26.0b13.4x14.1x1.3x
Wed, 14 Jun 2023US$348.0bUS$284.8bUS$26.3b13.4x13.2x1.2x
Fri, 12 May 2023US$331.7bUS$284.9bUS$26.3b11.8x12.6x1.2x
Sun, 09 Apr 2023US$357.4bUS$293.2bUS$29.3b10.8x12.2x1.2x
Tue, 07 Mar 2023US$378.3bUS$293.3bUS$31.0b8.4x12.2x1.3x
Price to Earnings Ratio

12.2x


Total Market Cap: US$378.3bTotal Earnings: US$31.0bTotal Revenue: US$293.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 25.8x202420252026
Current Industry PE
  • Investors are optimistic on the American Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 34.5x which is higher than its 3-year average PE of 25.8x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 6.0% per year over the last three years,
  • Revenues have also declined 4.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Materials industry?

US Market-0.67%
Materials2.59%
Metals and Mining6.21%
Gold8.99%
Copper7.59%
Precious Metals and Minerals5.19%
Silver3.91%
Diversified Metals and Mining2.59%
Aluminum0.80%
Steel-1.82%
Industry PE
  • Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 15.0x.
    • Analysts are expecting annual earnings growth of 18.3%, which is lower than the prior year's growth of 811.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 57% over the next 5 years.
  • However this is lower than its past earnings growth rate of 104% per year.
  • In contrast, the Copper industry is expected to see its earnings grow by 8.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SCCO Southern CopperUS$218.308.6%
+US$14.3b		154.7%PE41.6x
AEM Agnico Eagle MinesUS$251.6010.2%
+US$11.7b		161.3%PE28.2x
NEM NewmontUS$130.006.4%
+US$8.6b		203.5%PE20x
AU AngloGold AshantiUS$127.8511.9%
+US$6.9b		333.8%PE24.5x
FCX Freeport-McMoRanUS$68.085.8%
+US$5.4b		84.4%PE44.5x

Latest News

AMR
US$161.43
Alpha Metallurgical Resources
7D
-8.1%
1Y
17.4%
BVN
US$43.67
Compañía de Minas BuenaventuraA
7D
13.7%
1Y
242.5%
NUE
US$176.88
Nucor
7D
-1.7%
1Y
28.7%
SCCO
US$218.30
Southern Copper
7D
8.6%
1Y
154.7%
RGLD
US$299.79
Royal Gold
7D
5.0%
1Y
103.9%
AU
US$127.85
AngloGold Ashanti
7D
11.9%
1Y
333.8%
FCX
US$68.08
Freeport-McMoRan
7D
5.8%
1Y
84.4%
CENX
US$51.55
Century Aluminum
7D
-2.1%
1Y
172.0%
AEM
US$251.60
Agnico Eagle Mines
7D
10.2%
1Y
161.3%
CDE
US$27.09
Coeur Mining
7D
10.0%
1Y
426.0%
RS
US$315.64
Reliance
7D
-1.1%
1Y
6.2%
SIM
US$30.80
Grupo Simec. de
7D
-5.2%
1Y
20.8%
NEM
US$130.00
Newmont
7D
6.4%
1Y
203.5%
WS
US$41.56
Worthington Steel
7D
-5.7%
1Y
55.8%

WS: Localized Impairment Will Be Managed While Keeping Outlook And P/E Expectations Balanced

Analysts have kept their price target for Worthington Steel steady at $47.00. This reflects only very small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E, rather than any major shift in their overall view.
CMC
US$73.09
Commercial Metals
7D
-4.8%
1Y
50.9%

CMC: Share Repurchases And Higher P/E Assumptions Will Signal Overvaluation

Analysts have raised their price target on Commercial Metals from $41.00 to $66.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple. What's in the News From October 1, 2025 to November 30, 2025, Commercial Metals repurchased 663,220 shares for $38.9 million, accounting for 0.6% of its shares.
EMAT
US$7.97
Evolution Metals & Technologies
7D
-27.4%
1Y
-28.6%

Evolution Metals & Technologies Is Just The Beginning; Caution Is Advised

Jan 24