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U.S. Metals and Mining Industry Analysis

UpdatedMay 15, 2026
DataAggregated Company Financials
Companies267
  • 7D3.4%
  • 3M-1.3%
  • 1Y100.8%
  • YTD20.6%

In the last week, the Metals and Mining industry is up 3.4%, with Southern Copper leading the way, up 6.0%. In the same time, MP Materials was down 13%. This takes the industry's 12 month performance to a gain of 101%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 May 2026US$841.7bUS$269.1bUS$32.4b21x26x3.1x
Sun, 12 Apr 2026US$830.6bUS$255.7bUS$25.6b22.8x32.5x3.2x
Tue, 10 Mar 2026US$794.6bUS$255.2bUS$25.7b22.3x30.9x3.1x
Thu, 05 Feb 2026US$832.7bUS$250.7bUS$23.6b27.5x35.2x3.3x
Sat, 03 Jan 2026US$662.3bUS$248.5bUS$22.5b24.8x29.4x2.7x
Mon, 01 Dec 2025US$623.7bUS$248.3bUS$22.6b22.2x27.6x2.5x
Wed, 29 Oct 2025US$571.2bUS$245.4bUS$21.8b23.9x26.2x2.3x
Fri, 26 Sep 2025US$558.5bUS$244.8bUS$20.3b22.9x27.5x2.3x
Sun, 24 Aug 2025US$507.8bUS$244.5bUS$20.3b23.3x25x2.1x
Tue, 22 Jul 2025US$472.1bUS$241.2bUS$18.2b23.1x26x2x
Thu, 19 Jun 2025US$454.1bUS$243.9bUS$17.8b21.6x25.6x1.9x
Sat, 17 May 2025US$454.5bUS$272.4bUS$20.2b20.5x22.5x1.7x
Mon, 14 Apr 2025US$418.7bUS$263.0bUS$17.2b20.7x24.4x1.6x
Wed, 12 Mar 2025US$395.8bUS$263.2bUS$17.2b21x23x1.5x
Fri, 07 Feb 2025US$419.5bUS$262.0bUS$11.5b19.7x36.4x1.6x
Sun, 05 Jan 2025US$388.9bUS$265.8bUS$12.5b15.2x31.1x1.5x
Tue, 03 Dec 2024US$443.9bUS$266.1bUS$12.5b18.6x35.6x1.7x
Thu, 31 Oct 2024US$461.1bUS$269.0bUS$11.2b16.7x41.2x1.7x
Sat, 28 Sep 2024US$477.8bUS$267.6bUS$11.3b13.9x42.3x1.8x
Mon, 26 Aug 2024US$443.8bUS$267.3bUS$11.4b13.6x38.8x1.7x
Wed, 24 Jul 2024US$444.8bUS$264.6bUS$11.7b13.8x37.9x1.7x
Fri, 21 Jun 2024US$428.1bUS$266.6bUS$13.0b14.6x32.8x1.6x
Sun, 19 May 2024US$474.1bUS$267.0bUS$13.0b14.5x36.4x1.8x
Tue, 16 Apr 2024US$452.5bUS$266.0bUS$15.6b14x28.9x1.7x
Thu, 14 Mar 2024US$398.2bUS$266.7bUS$16.0b14.2x24.9x1.5x
Sat, 10 Feb 2024US$377.2bUS$264.8bUS$18.2b16.3x20.7x1.4x
Mon, 08 Jan 2024US$400.5bUS$278.5bUS$19.5b17.5x20.6x1.4x
Wed, 06 Dec 2023US$382.3bUS$283.4bUS$20.1b15.4x19.1x1.3x
Fri, 03 Nov 2023US$335.8bUS$280.0bUS$20.2b12.9x16.6x1.2x
Sun, 01 Oct 2023US$350.8bUS$283.6bUS$21.9b11.7x16x1.2x
Tue, 29 Aug 2023US$349.2bUS$276.4bUS$21.7b13.5x16.1x1.3x
Thu, 27 Jul 2023US$377.0bUS$278.7bUS$22.8b13.9x16.6x1.4x
Sat, 24 Jun 2023US$339.3bUS$284.6bUS$26.0b12.2x13.1x1.2x
Mon, 22 May 2023US$331.1bUS$284.7bUS$26.3b12.1x12.6x1.2x
Price to Earnings Ratio

12.6x


Total Market Cap: US$331.1bTotal Earnings: US$26.3bTotal Revenue: US$284.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 27x202420252026
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 27.0x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 7.2% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

US Market1.15%
Materials1.24%
Metals and Mining3.38%
Silver7.64%
Copper7.18%
Aluminum3.39%
Gold2.60%
Steel0.95%
Diversified Metals and Mining-3.13%
Precious Metals and Minerals-13.96%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 23.9x.
    • Analysts expect its future annual earnings growth (23.0%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 39% over the next 5 years.
  • However this is lower than its past earnings growth rate of 87% per year.
  • In contrast, the Copper industry is expected to see its earnings grow by 8.4% 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$188.506.0%
+US$9.0b		112.1%PE31.7x
FCX Freeport-McMoRanUS$66.149.1%
+US$8.0b		71.9%PE34.9x
NEM NewmontUS$116.332.5%
+US$3.0b		133.4%PE14.7x
AEM Agnico Eagle MinesUS$192.662.6%
+US$2.4b		80.9%PE18x
NUE NucorUS$232.852.7%
+US$1.4b		101.7%PE22.8x

Latest News

CDE
US$19.40
Coeur Mining
7D
7.1%
1Y
161.8%
MP
US$60.31
MP Materials
7D
-12.8%
1Y
182.9%
USAR
US$24.83
USA Rare Earth
7D
-5.9%
1Y
162.5%
Seeking Alpha • 21h

USA Rare Earth: Step By Step It's Coming Together -- Still At 'Buy'

Summary Rare earths are important. They involve hard-to-mine elements that are vital for many defense and digital needs. China dominates supply. We need to correct that! Within this world, I’ve been seeing USA Rare Earth as a little brother, to MP Materials for example. That’s because USAR’s flagship property is still being studied. Recent feasibility-study results now suggest USAR’s mine will go commercial in 2028, revised from a prior plan to get going in 2030. Meanwhile…. USAR has been taking other steps, baby steps, to build itself into a fully integrated mine-to-market rare earth company. And a pending Brazilian acquisition will accelerate that. USAR accomplished a lot in the past six months. Besides the big acquisition, it may wind up getting U.S. funding. With all systems go, I’m reiterating my “Buy” rating. Read the full article on Seeking Alpha
NUE
US$232.85
Nucor
7D
2.7%
1Y
101.7%
TX
US$44.17
Ternium
7D
-4.4%
1Y
57.4%
UAMY
US$9.57
United States Antimony
7D
-13.2%
1Y
270.9%
Narrative Update • May 14

UAMY: Galena Hydromet Facility JV Will Drive Critical Minerals Upside

Analysts have raised their average price target on United States Antimony by $2, citing the planned hydrometallurgical facility joint venture at the Galena Complex, progress on the Fostung tungsten resource, and expectations around the Bolivian hydromet plant as key factors behind the updated outlook. Analyst Commentary Recent research points to a more constructive stance on United States Antimony, with bullish analysts highlighting the impact of the hydrometallurgical initiatives and project pipeline on their valuation work.
CRML
US$11.60
Critical Metals
7D
-9.7%
1Y
689.1%
HL
US$19.45
Hecla Mining
7D
7.6%
1Y
302.7%
Narrative Update • May 12

HL: Higher Silver Output And Margin Outlook Will Support Bullish Thesis

Analysts have lowered their price target on Hecla Mining to $32.00 from $36.50, citing updated assumptions around revenue growth, margins, discount rate, and future P/E that together suggest a different balance of risk and reward for the stock. What's in the News Hecla Mining reported consolidated silver production of 3.9 million ounces for the first quarter of 2026, which the company described as nearly 3% higher than the prior quarter.
EMAT
US$8.80
Evolution Metals & Technologies
7D
-5.7%
1Y
-32.3%
SGML
US$17.87
Sigma Lithium
7D
-24.5%
1Y
158.5%
NEM
US$116.33
Newmont
7D
2.5%
1Y
133.4%
AU
US$102.07
AngloGold Ashanti
7D
1.8%
1Y
152.3%
AMR
US$181.93
Alpha Metallurgical Resources
7D
-5.9%
1Y
49.7%
FCX
US$66.14
Freeport-McMoRan
7D
9.1%
1Y
71.9%
AEM
US$192.66
Agnico Eagle Mines
7D
2.6%
1Y
80.9%
SCCO
US$188.50
Southern Copper
7D
6.0%
1Y
112.1%