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U.S. Metals and Mining Industry Analysis

UpdatedAug 30, 2025
DataAggregated Company Financials
Companies248
  • 7D2.2%
  • 3M23.4%
  • 1Y22.8%
  • YTD38.6%

Over the last 7 days, the Metals and Mining industry has risen 2.2%, driven by gains in Newmont and Agnico Eagle Mines of 5.1% and 5.0%, respectively. This takes the industry's 12 month performance to a gain of 23%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 30 Aug 2025US$514.7bUS$244.5bUS$20.3b22.9x25.3x2.1x
Mon, 28 Jul 2025US$488.2bUS$243.0bUS$18.9b22.1x25.8x2x
Wed, 25 Jun 2025US$452.8bUS$243.9bUS$17.7b21.5x25.6x1.9x
Fri, 23 May 2025US$462.6bUS$272.4bUS$20.1b20.3x23x1.7x
Sun, 20 Apr 2025US$423.6bUS$263.8bUS$18.0b21.1x23.6x1.6x
Tue, 18 Mar 2025US$427.3bUS$263.1bUS$17.1b23.5x25x1.6x
Thu, 13 Feb 2025US$424.2bUS$262.4bUS$11.9b21.2x35.6x1.6x
Sat, 11 Jan 2025US$399.5bUS$265.6bUS$12.1b15.6x33x1.5x
Mon, 09 Dec 2024US$436.2bUS$266.1bUS$12.5b18.3x35x1.6x
Wed, 06 Nov 2024US$448.5bUS$267.8bUS$11.2b16.5x40x1.7x
Fri, 04 Oct 2024US$468.3bUS$267.5bUS$11.3b14.4x41.5x1.8x
Sun, 01 Sep 2024US$440.8bUS$267.3bUS$11.4b13.8x38.7x1.6x
Tue, 30 Jul 2024US$442.8bUS$266.6bUS$12.8b12.7x34.7x1.7x
Thu, 27 Jun 2024US$430.3bUS$266.3bUS$13.0b13.1x33.2x1.6x
Sat, 25 May 2024US$455.9bUS$266.9bUS$13.0b14.8x35x1.7x
Mon, 22 Apr 2024US$449.4bUS$265.9bUS$15.6b13.7x28.8x1.7x
Wed, 20 Mar 2024US$413.7bUS$266.6bUS$16.0b14x25.9x1.6x
Fri, 16 Feb 2024US$372.1bUS$264.8bUS$18.2b16.4x20.4x1.4x
Sun, 14 Jan 2024US$394.1bUS$278.2bUS$19.4b17.1x20.3x1.4x
Tue, 12 Dec 2023US$372.0bUS$278.6bUS$19.8b15.3x18.8x1.3x
Thu, 09 Nov 2023US$352.5bUS$280.1bUS$20.1b13.3x17.5x1.3x
Sat, 07 Oct 2023US$345.4bUS$283.5bUS$21.9b11.3x15.8x1.2x
Mon, 04 Sep 2023US$366.9bUS$279.2bUS$21.4b12.7x17.2x1.3x
Wed, 02 Aug 2023US$376.5bUS$275.7bUS$21.9b14.3x17.2x1.4x
Fri, 30 Jun 2023US$348.6bUS$284.0bUS$26.0b13x13.4x1.2x
Sun, 28 May 2023US$322.0bUS$284.6bUS$26.3b12.3x12.2x1.1x
Tue, 25 Apr 2023US$360.6bUS$289.0bUS$27.8b11.1x13x1.2x
Thu, 23 Mar 2023US$342.9bUS$293.4bUS$31.0b10x11.1x1.2x
Sat, 18 Feb 2023US$365.6bUS$294.2bUS$33.2b8.1x11x1.2x
Mon, 16 Jan 2023US$377.1bUS$298.6bUS$37.9b7.5x9.9x1.3x
Wed, 14 Dec 2022US$334.5bUS$298.2bUS$38.0b6.1x8.8x1.1x
Fri, 11 Nov 2022US$317.1bUS$297.6bUS$37.9b6.2x8.4x1.1x
Sun, 09 Oct 2022US$273.9bUS$297.0bUS$44.3b6.7x6.2x0.9x
Tue, 06 Sep 2022US$280.0bUS$296.7bUS$44.5b6.5x6.3x0.9x
Price to Earnings Ratio

6.3x


Total Market Cap: US$280.0bTotal Earnings: US$44.5bTotal Revenue: US$296.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 22.3x202320242025
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 25.3x which is higher than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 23% per year over the last three years,
  • Revenues have also declined 6.2% 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-0.0093%
Materials0.14%
Metals and Mining2.22%
Precious Metals and Minerals11.73%
Silver7.72%
Gold4.76%
Diversified Metals and Mining2.14%
Aluminum0.54%
Copper0.30%
Steel0.20%
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 17.3% 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 60% over the next 5 years.
  • This is better than its past earnings growth rate of 2.5% per year.
  • In contrast, the Gold industry is expected to see its earnings grow by 3.1% 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$74.405.1%
+US$4.0b		39.4%PE13.1x
AEM Agnico Eagle MinesUS$144.175.0%
+US$3.5b		77.0%PE24.5x
FCX Freeport-McMoRanUS$44.402.6%
+US$1.6b		0.3%PE33.2x
AU AngloGold AshantiUS$56.663.8%
+US$1.0b		91.0%PE15.8x
CDE Coeur MiningUS$13.158.9%
+US$694.1m		114.2%PE44.3x

Latest News

NEM
US$74.40
Newmont
7D
5.1%
1Y
39.4%
IE
US$8.92
Ivanhoe Electric
7D
-3.6%
1Y
26.3%
AEM
US$144.17
Agnico Eagle Mines
7D
5.0%
1Y
77.0%
MP
US$71.14
MP Materials
7D
4.8%
1Y
451.5%
CRS
US$240.88
Carpenter Technology
7D
-1.2%
1Y
66.4%
STLD
US$130.92
Steel Dynamics
7D
-1.3%
1Y
9.5%
CRML
US$6.20
Critical Metals
7D
-5.4%
1Y
-26.1%
TMC
US$5.36
TMC the metals
7D
10.3%
1Y
443.1%
AU
US$56.66
AngloGold Ashanti
7D
3.8%
1Y
91.0%
HL
US$8.51
Hecla Mining
7D
7.9%
1Y
43.5%

Accelerating Silver Demand Will Fuel Keno Hill Production

The modest increase in Hecla Mining’s future P/E ratio, indicative of higher expected earnings growth or increased investor optimism, underpins the slight upward revision in its consensus analyst price target from $8.22 to $8.31. What's in the News Hecla Mining raised 2025 gold production guidance to 126.0–137.0 Koz from the prior 120–130 Koz; silver guidance remains at 15.5–17.0 Moz.
CDE
US$13.15
Coeur Mining
7D
8.9%
1Y
114.2%

Rochester And Las Chispas Projects Will Fuel Metal Demand

The slight increase in Coeur Mining's future P/E ratio suggests improved earnings expectations, supporting a higher consensus analyst price target, which has been raised from $12.19 to $12.58. What's in the News Q2 unaudited production rose to 108,487 gold ounces and 4.7 million silver ounces, up significantly year-over-year.
MTRN
US$110.80
Materion
7D
-2.3%
1Y
-4.5%

Semiconductor, Energy And Defense Sectors Will Unlock Future Opportunities

Materion’s higher price target reflects sharply improved revenue growth forecasts and a lower forward P/E, underscoring stronger growth expectations and more attractive valuation, driving the fair value up from $117.33 to $123.33. What's in the News Materion completed the repurchase of 1,354,264 shares (6.64% of outstanding) for $49.55 million under its longstanding buyback program, including 100,000 shares repurchased for $7.8 million in the most recent tranche.
SCCO
US$96.09
Southern Copper
7D
-1.5%
1Y
-2.3%
FCX
US$44.40
Freeport-McMoRan
7D
2.6%
1Y
0.3%
USAR
US$14.92
USA Rare Earth
7D
-6.1%
1Y
39.8%
CMC
US$57.67
Commercial Metals
7D
-2.1%
1Y
7.6%