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U.S. Metals and Mining Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies264
  • 7D-10.1%
  • 3M-6.5%
  • 1Y71.2%
  • YTD11.2%

Over the last 7 days, the Metals and Mining industry has dropped 7.7%, driven by Southern Copper declining 13%. This takes the industry's 12 month performance to a gain of 71%. 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
Wed, 10 Jun 2026US$765.7bUS$269.1bUS$32.4b18.8x23.6x2.8x
Fri, 08 May 2026US$772.2bUS$266.2bUS$30.7b22.6x25.2x2.9x
Sun, 05 Apr 2026US$780.2bUS$255.7bUS$25.6b21.7x30.5x3.1x
Tue, 03 Mar 2026US$896.8bUS$255.1bUS$25.8b23.5x34.8x3.5x
Thu, 29 Jan 2026US$840.0bUS$249.7bUS$23.1b26x36.3x3.4x
Sat, 27 Dec 2025US$689.6bUS$248.5bUS$22.5b26.7x30.6x2.8x
Mon, 24 Nov 2025US$572.9bUS$248.3bUS$22.5b21.2x25.4x2.3x
Wed, 22 Oct 2025US$619.2bUS$242.9bUS$20.2b25.5x30.7x2.5x
Fri, 19 Sep 2025US$549.9bUS$244.8bUS$20.3b23.5x27.1x2.2x
Sun, 17 Aug 2025US$499.0bUS$244.5bUS$20.3b21.6x24.6x2x
Tue, 15 Jul 2025US$478.6bUS$241.1bUS$18.0b22.9x26.6x2x
Thu, 12 Jun 2025US$456.9bUS$259.2bUS$17.8b21.5x25.6x1.8x
Sat, 10 May 2025US$424.6bUS$259.0bUS$18.1b20.6x23.5x1.6x
Mon, 07 Apr 2025US$370.4bUS$262.9bUS$16.8b18.5x22x1.4x
Wed, 05 Mar 2025US$402.5bUS$263.2bUS$17.2b20.3x23.4x1.5x
Fri, 31 Jan 2025US$404.5bUS$262.5bUS$11.5b16.6x35.1x1.5x
Sun, 29 Dec 2024US$390.3bUS$265.9bUS$12.5b15.4x31.2x1.5x
Tue, 26 Nov 2024US$443.3bUS$266.1bUS$12.4b19x35.7x1.7x
Thu, 24 Oct 2024US$475.9bUS$267.1bUS$10.6b15.1x45x1.8x
Sat, 21 Sep 2024US$445.8bUS$267.4bUS$11.3b13.6x39.3x1.7x
Mon, 19 Aug 2024US$435.9bUS$267.1bUS$11.5b13.6x37.9x1.6x
Wed, 17 Jul 2024US$462.4bUS$266.5bUS$12.8b14.2x36.2x1.7x
Fri, 14 Jun 2024US$425.5bUS$266.6bUS$13.0b14.2x32.7x1.6x
Sun, 12 May 2024US$459.3bUS$266.8bUS$13.0b13x35.2x1.7x
Tue, 09 Apr 2024US$454.6bUS$266.3bUS$15.7b14.5x29x1.7x
Thu, 07 Mar 2024US$384.4bUS$266.6bUS$16.0b14.5x24.1x1.4x
Sat, 03 Feb 2024US$389.2bUS$276.5bUS$18.6b16.2x20.9x1.4x
Mon, 01 Jan 2024US$411.8bUS$278.5bUS$19.5b17.7x21.1x1.5x
Wed, 29 Nov 2023US$368.3bUS$280.1bUS$20.0b15.2x18.5x1.3x
Fri, 27 Oct 2023US$333.3bUS$280.7bUS$21.6b11.6x15.5x1.2x
Sun, 24 Sep 2023US$346.3bUS$279.1bUS$21.3b12.2x16.2x1.2x
Tue, 22 Aug 2023US$351.1bUS$276.5bUS$21.7b13.7x16.2x1.3x
Thu, 20 Jul 2023US$367.4bUS$284.5bUS$26.0b13.3x14.1x1.3x
Sat, 17 Jun 2023US$347.8bUS$285.0bUS$26.3b12.4x13.2x1.2x
Price to Earnings Ratio

13.2x


Total Market Cap: US$347.8bTotal Earnings: US$26.3bTotal Revenue: US$285.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 27.3x202420252026
Current Industry PE
  • Investors are pessimistic on the American Metals and Mining 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 23.7x which is lower than its 3-year average PE of 27.3x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 7.3% 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 Market-3.33%
Materials-4.26%
Metals and Mining-10.13%
Steel-2.48%
Gold-10.46%
Aluminum-11.39%
Copper-12.01%
Precious Metals and Minerals-13.67%
Silver-18.51%
Diversified Metals and Mining-19.36%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 24.8x.
    • Analysts expect its future annual earnings growth (25.1%) 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 93% per year.
  • In contrast, the Copper industry is expected to see its earnings grow by 8.6% 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
RS RelianceUS$401.802.6%
+US$521.2m		29.0%PE25.5x
INHD Inno HoldingsUS$39.493,218.5%
+US$96.5m		-93.4%PS21.8x
MTRN MaterionUS$231.270.6%
+US$26.4m		181.1%PE62.9x
ZKIN ZK International GroupUS$1.7127.6%
+US$21.2m		-32.1%PS1.4x
RYZ Ryerson HoldingUS$28.570.5%
+US$7.3m		29.7%PS0.3x

Latest News

AA
US$72.41
Alcoa
7D
-13.6%
1Y
151.8%
MP
US$54.30
MP Materials
7D
-24.8%
1Y
99.4%
RYZ
US$28.57
Ryerson Holding
7D
0.5%
1Y
29.7%
Seeking Alpha • 19h

Ryerson Holding: Positioned For Margin Expansion As Industrial Restocking Commences

Summary Trading at a 1.16x price-to-book ratio, Ryerson Holding offers an extreme margin of safety essentially pegged to the physical liquidation value of its warehouse inventory. FQ1 2026 data confirms the multi-year industrial destocking cycle has bottomed, forcing a structural restocking phase that will drive significant volume recovery. The $6.5 billion Olympic Steel merger doubled Ryerson's capacity at the exact cycle trough, securing massive low-cost stockpiles. Severe supply constraints in domestic steel and global aluminum will allow Ryerson to reprice this existing inventory to market premiums, driving explosive margin expansion. Surging metal prices, driven by sustained EV manufacturing demand and severe geopolitical supply shocks in the Middle East. Read the full article on Seeking Alpha
CDE
US$16.09
Coeur Mining
7D
-16.2%
1Y
74.3%
MTRN
US$231.27
Materion
7D
0.6%
1Y
181.1%
SCCO
US$175.17
Southern Copper
7D
-13.0%
1Y
86.2%
FCX
US$64.25
Freeport-McMoRan
7D
-10.4%
1Y
52.3%
Narrative Update • Jun 06

FCX: Copper Euphoria Will Be Capped By Prolonged Grasberg Production Constraints

Analysts have inched up the Fair Value estimate for Freeport-McMoRan by about $0.50, reflecting modest tweaks to revenue growth, profit margin, and future P/E assumptions. This move is supported by a wave of higher Street price targets and new Overweight ratings that highlight copper exposure as a key driver.
RS
US$401.80
Reliance
7D
2.6%
1Y
29.0%
Narrative Update • Jun 05

RS: Future Returns Will Depend On Sustained Buybacks Despite Overvaluation Concerns

Analysts have slightly raised their price target on Reliance from about $357.75 to roughly $359.57, citing marginally higher assumptions for revenue growth and profit margins, as well as a small adjustment to the discount rate and future P/E expectations. What's in the News Reliance, Inc.
NEM
US$98.54
Newmont
7D
-10.0%
1Y
87.5%
AEM
US$159.93
Agnico Eagle Mines
7D
-10.6%
1Y
36.6%
TG
US$8.00
Tredegar
7D
0.1%
1Y
-7.8%
FRD
US$25.24
Friedman Industries
7D
3.5%
1Y
51.7%
AU
US$84.43
AngloGold Ashanti
7D
-8.1%
1Y
87.2%
Narrative Update • May 28

AU: New Buyback And Dividend Policy Will Support Future Upside

Analysts now place AngloGold Ashanti's price target at $123.29, up from $121.86, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News The Board of Directors authorized a share repurchase plan under which AngloGold Ashanti may buy back up to US$2,000m of its common stock, subject to shareholder approval (Buyback Transaction Announcements).
INHD
US$39.49
Inno Holdings
7D
3,218.5%
1Y
-93.4%
CHNR
US$4.27
China Natural Resources
7D
5.1%
1Y
-4.7%
ZKIN
US$1.71
ZK International Group
7D
27.6%
1Y
-32.1%