Narrative Update • Jun 29
Have your own idea? Try our Stock Screener
- 7D-8.4%
- 3M-4.3%
- 1Y56.7%
- YTD5.1%
Over the last 7 days, the Metals and Mining industry has dropped 8.4%, driven by a pullback from Southern Copper of 11%. In the past year, the industry has gained 57%. Earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the U.S. Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 Jun 2026 | US$738.7b | US$269.7b | US$32.4b | 21x | 22.8x | 2.7x |
| Thu, 28 May 2026 | US$818.3b | US$269.2b | US$32.5b | 18.8x | 25.2x | 3x |
| Sat, 25 Apr 2026 | US$795.8b | US$260.4b | US$27.9b | 22.5x | 28.5x | 3.1x |
| Mon, 23 Mar 2026 | US$670.2b | US$255.2b | US$25.5b | 20x | 26.3x | 2.6x |
| Wed, 18 Feb 2026 | US$833.2b | US$250.5b | US$24.8b | 25.2x | 33.5x | 3.3x |
| Fri, 16 Jan 2026 | US$782.5b | US$248.6b | US$22.8b | 28x | 34.3x | 3.1x |
| Sun, 14 Dec 2025 | US$649.9b | US$248.4b | US$22.5b | 24.5x | 28.9x | 2.6x |
| Tue, 11 Nov 2025 | US$576.5b | US$247.2b | US$22.3b | 23.4x | 25.9x | 2.3x |
| Thu, 09 Oct 2025 | US$583.3b | US$242.4b | US$20.0b | 24.5x | 29.2x | 2.4x |
| Sat, 06 Sep 2025 | US$527.1b | US$244.5b | US$20.3b | 23.2x | 25.9x | 2.2x |
| Mon, 04 Aug 2025 | US$461.3b | US$244.4b | US$20.5b | 20.8x | 22.5x | 1.9x |
| Wed, 02 Jul 2025 | US$457.4b | US$243.9b | US$17.7b | 22.3x | 25.8x | 1.9x |
| Fri, 30 May 2025 | US$435.2b | US$259.1b | US$17.8b | 20.2x | 24.4x | 1.7x |
| Sun, 27 Apr 2025 | US$437.7b | US$265.0b | US$19.9b | 20.9x | 22x | 1.7x |
| Tue, 25 Mar 2025 | US$433.5b | US$262.9b | US$16.9b | 23.5x | 25.7x | 1.6x |
| Thu, 20 Feb 2025 | US$430.0b | US$263.1b | US$12.8b | 21.8x | 33.6x | 1.6x |
| Sat, 18 Jan 2025 | US$410.0b | US$263.0b | US$11.9b | 15.5x | 34.4x | 1.6x |
| Mon, 16 Dec 2024 | US$417.7b | US$266.1b | US$12.5b | 17.2x | 33.3x | 1.6x |
| Wed, 13 Nov 2024 | US$446.8b | US$266.9b | US$12.5b | 19x | 35.8x | 1.7x |
| Fri, 11 Oct 2024 | US$458.8b | US$267.4b | US$11.3b | 13.9x | 40.7x | 1.7x |
| Sun, 08 Sep 2024 | US$407.5b | US$267.4b | US$11.4b | 12.9x | 35.8x | 1.5x |
| Tue, 06 Aug 2024 | US$425.5b | US$266.6b | US$11.2b | 13x | 37.9x | 1.6x |
| Thu, 04 Jul 2024 | US$449.0b | US$266.3b | US$12.7b | 13.7x | 35.2x | 1.7x |
| Sat, 01 Jun 2024 | US$461.6b | US$266.9b | US$13.0b | 14.6x | 35.4x | 1.7x |
| Mon, 29 Apr 2024 | US$452.8b | US$267.2b | US$14.6b | 13.3x | 31x | 1.7x |
| Wed, 27 Mar 2024 | US$425.0b | US$266.5b | US$15.7b | 14x | 27.1x | 1.6x |
| Fri, 23 Feb 2024 | US$383.9b | US$265.6b | US$17.6b | 14.5x | 21.8x | 1.4x |
| Sun, 21 Jan 2024 | US$378.0b | US$278.1b | US$19.6b | 17.5x | 19.2x | 1.4x |
| Tue, 19 Dec 2023 | US$397.4b | US$278.8b | US$19.4b | 16.4x | 20.5x | 1.4x |
| Thu, 16 Nov 2023 | US$358.9b | US$280.0b | US$20.0b | 15x | 18x | 1.3x |
| Sat, 14 Oct 2023 | US$342.3b | US$283.2b | US$21.8b | 11.7x | 15.7x | 1.2x |
| Mon, 11 Sep 2023 | US$358.9b | US$279.1b | US$21.4b | 12.5x | 16.8x | 1.3x |
| Wed, 09 Aug 2023 | US$366.4b | US$277.5b | US$22.0b | 13.9x | 16.7x | 1.3x |
| Fri, 07 Jul 2023 | US$341.4b | US$284.1b | US$26.0b | 12.8x | 13.1x | 1.2x |
Price to Earnings Ratio
13.1x
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 22.8x which is lower than its 3-year average PE of 27.5x.
- The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 7.6% 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 | 0.31% | |
| Materials | -3.53% | |
| Metals and Mining | -8.39% | |
| Precious Metals and Minerals | -2.61% | |
| Silver | -3.58% | |
| Aluminum | -6.12% | |
| Gold | -6.77% | |
| Steel | -7.52% | |
| Diversified Metals and Mining | -8.57% | |
| Copper | -11.17% | |
Industry PE
- Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 25.5x.
- Analysts expect its future annual earnings growth (23.6%) 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 34% over the next 5 years.
- However this is lower than its past earnings growth rate of 93% per year.
- In contrast, the Gold 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MTRN Materion | US$289.53 | 4.3% +US$246.5m | 264.8% | PE78.7x | |
| KALU Kaiser Aluminum | US$187.16 | 4.5% +US$130.3m | 127.6% | PE19.8x | |
| CMP Compass Minerals International | US$31.26 | 8.3% +US$100.3m | 55.6% | PE184.7x | |
| CRML Critical Metals | US$10.27 | 5.8% +US$82.3m | 214.1% | PS1962.8x | |
| HYMC Hycroft Mining Holding | US$23.38 | 1.0% +US$21.9m | 644.6% | PB9.5x |