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

U.S. Metals and Mining Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies261
  • 7D2.8%
  • 3M20.1%
  • 1Y40.3%
  • YTD60.6%

Over the last 7 days, the Metals and Mining industry has risen 2.8%, driven by gains from Newmont of 8.1%. This means that the industry has gained 40% over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Nov 2025US$576.5bUS$247.2bUS$22.3b23.4x25.9x2.3x
Thu, 09 Oct 2025US$583.3bUS$242.4bUS$20.0b24.5x29.2x2.4x
Sat, 06 Sep 2025US$527.1bUS$244.5bUS$20.3b23.2x25.9x2.2x
Mon, 04 Aug 2025US$461.3bUS$244.4bUS$20.5b20.8x22.5x1.9x
Wed, 02 Jul 2025US$457.4bUS$243.9bUS$17.7b22.3x25.8x1.9x
Fri, 30 May 2025US$435.2bUS$259.1bUS$17.8b20.2x24.4x1.7x
Sun, 27 Apr 2025US$437.7bUS$265.0bUS$19.9b20.9x22x1.7x
Tue, 25 Mar 2025US$433.5bUS$262.9bUS$16.9b23.5x25.7x1.6x
Thu, 20 Feb 2025US$430.0bUS$263.1bUS$12.8b21.8x33.6x1.6x
Sat, 18 Jan 2025US$410.0bUS$263.0bUS$11.9b15.5x34.4x1.6x
Mon, 16 Dec 2024US$417.7bUS$266.1bUS$12.5b17.2x33.3x1.6x
Wed, 13 Nov 2024US$446.8bUS$266.9bUS$12.5b19x35.8x1.7x
Fri, 11 Oct 2024US$458.8bUS$267.4bUS$11.3b13.9x40.7x1.7x
Sun, 08 Sep 2024US$407.5bUS$267.4bUS$11.4b12.9x35.8x1.5x
Tue, 06 Aug 2024US$425.5bUS$266.6bUS$11.2b13x37.9x1.6x
Thu, 04 Jul 2024US$449.0bUS$266.3bUS$12.7b13.7x35.2x1.7x
Sat, 01 Jun 2024US$461.6bUS$266.9bUS$13.0b14.6x35.4x1.7x
Mon, 29 Apr 2024US$452.8bUS$267.2bUS$14.6b13.3x31x1.7x
Wed, 27 Mar 2024US$425.0bUS$266.5bUS$15.7b14x27.1x1.6x
Fri, 23 Feb 2024US$383.9bUS$265.6bUS$17.6b14.5x21.8x1.4x
Sun, 21 Jan 2024US$378.0bUS$278.1bUS$19.6b17.5x19.2x1.4x
Tue, 19 Dec 2023US$397.4bUS$278.8bUS$19.4b16.4x20.5x1.4x
Thu, 16 Nov 2023US$358.9bUS$280.0bUS$20.0b15x18x1.3x
Sat, 14 Oct 2023US$342.3bUS$283.2bUS$21.8b11.7x15.7x1.2x
Mon, 11 Sep 2023US$358.9bUS$279.1bUS$21.4b12.5x16.8x1.3x
Wed, 09 Aug 2023US$366.4bUS$277.5bUS$22.0b13.9x16.7x1.3x
Fri, 07 Jul 2023US$341.4bUS$284.1bUS$26.0b12.8x13.1x1.2x
Sun, 04 Jun 2023US$333.7bUS$284.7bUS$26.4b12.8x12.7x1.2x
Tue, 02 May 2023US$348.9bUS$286.1bUS$27.0b11.3x12.9x1.2x
Thu, 30 Mar 2023US$355.6bUS$293.2bUS$29.2b10.8x12.2x1.2x
Sat, 25 Feb 2023US$353.4bUS$293.3bUS$31.2b7.7x11.3x1.2x
Mon, 23 Jan 2023US$373.5bUS$297.9bUS$37.9b7.6x9.8x1.3x
Wed, 21 Dec 2022US$323.8bUS$298.2bUS$38.0b6.6x8.5x1.1x
Fri, 18 Nov 2022US$318.6bUS$297.9bUS$38.0b6.2x8.4x1.1x
Price to Earnings Ratio

8.4x


Total Market Cap: US$318.6bTotal Earnings: US$38.0bTotal Revenue: US$297.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 23.7x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.7x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 16% per year over the last three years,
  • Revenues have also declined 6.0% 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 Market0.088%
Materials1.74%
Metals and Mining2.78%
Silver17.60%
Gold6.32%
Aluminum3.89%
Diversified Metals and Mining3.88%
Copper0.38%
Steel-2.55%
Precious Metals and Minerals-9.40%
Industry PE
  • Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 21.4% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 56% over the next 5 years.
  • This is better than its past earnings growth rate of 9.4% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 9.3% 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
NEM NewmontUS$88.268.1%
+US$7.2b		108.5%PE13.4x
AU AngloGold AshantiUS$74.1010.5%
+US$3.6b		195.1%PE20.7x
AEM Agnico Eagle MinesUS$167.923.3%
+US$2.7b		114.9%PE24.5x
HL Hecla MiningUS$15.0217.7%
+US$1.5b		169.2%PE50.7x
RGLD Royal GoldUS$184.739.3%
+US$1.3b		30.7%PE32.5x

Latest News

HCC
US$82.36
Warrior Met Coal
7D
18.5%
1Y
15.2%

Revenues Tell The Story For Warrior Met Coal, Inc. (NYSE:HCC) As Its Stock Soars 28%

Nov 09
Revenues Tell The Story For Warrior Met Coal, Inc. (NYSE:HCC) As Its Stock Soars 28%
HL
US$15.02
Hecla Mining
7D
17.7%
1Y
169.2%
RS
US$271.94
Reliance
7D
-3.3%
1Y
-15.9%

RS: Continued Buyback Activity Will Drive Shareholder Value Higher

Analysts have slightly reduced their fair value estimate for Reliance, trimming it by ₹0.50 to ₹322.75. This adjustment reflects updated assumptions on discount rates, revenue growth, and profit margin forecasts.
MP
US$64.18
MP Materials
7D
11.3%
1Y
214.5%
STLD
US$152.43
Steel Dynamics
7D
-2.3%
1Y
3.1%
NEM
US$88.26
Newmont
7D
8.1%
1Y
108.5%

NEM: Shares Will Benefit From Rising Gold Price Outlook And Sector Upside

Newmont's fair value estimate has been raised from $101.0 to $103.4 per share, as analysts cite sector-wide price target increases and a more favorable outlook for gold prices. Analyst Commentary Recent analyst activity for Newmont highlights an increasingly positive outlook for the company.
AMR
US$165.30
Alpha Metallurgical Resources
7D
-9.1%
1Y
-31.1%
SCCO
US$139.49
Southern Copper
7D
0.9%
1Y
36.8%
RGLD
US$184.73
Royal Gold
7D
9.3%
1Y
30.7%
FCX
US$40.95
Freeport-McMoRan
7D
-0.6%
1Y
-8.8%

FCX: Higher Copper And Gold Prices Will Offset Grasberg Production Risks

Freeport-McMoRan's analyst price target has increased modestly from $46.77 to $47.71. Analysts cite the benefit of higher copper and gold price assumptions, which is partially offset by lower near-term production at the Grasberg mine.
NUE
US$142.66
Nucor
7D
-3.7%
1Y
-10.3%
CDE
US$14.87
Coeur Mining
7D
-1.8%
1Y
132.3%
AEM
US$167.92
Agnico Eagle Mines
7D
3.3%
1Y
114.9%

Earnings Update: Agnico Eagle Mines Limited (NYSE:AEM) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Nov 02
Earnings Update: Agnico Eagle Mines Limited (NYSE:AEM) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
CLF
US$10.32
Cleveland-Cliffs
7D
-13.1%
1Y
-17.6%

CLF: Tariff Pressures And New Auto Contracts Will Shape Fair Value Outlook

Analysts have raised their price target for Cleveland-Cliffs by $0.59 to $12.76. This change reflects improved projected revenue growth and profit margin outlooks following the company’s recent earnings report and revised forecasts.
AU
US$74.10
AngloGold Ashanti
7D
10.5%
1Y
195.1%

AU: Strengthening Margins And Revenue Will Drive Upward Momentum In Coming Years

Analysts have raised their price target for AngloGold Ashanti from $70.50 to $88.29, citing expectations of improved profit margins and stronger revenue growth forecasts. Valuation Changes Fair Value Estimate has increased from $70.50 to $88.29, reflecting heightened expectations for AngloGold Ashanti's future performance.
METC
US$24.85
Ramaco Resources
7D
-10.8%
1Y
97.7%

METC: Brook Mine Ramp-Up Will Strengthen US Rare Earth Supply Chain

Ramaco Resources' fair value estimate was revised downward from $47 to $43, as analysts factored in more moderate expectations for revenue growth and profit margins. This comes despite recent coverage highlighting significant rare earth potential at the Brook Mine and ongoing expansion plans.