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U.S. Metals and Mining Industry Analysis

UpdatedAug 20, 2025
DataAggregated Company Financials
Companies249
  • 7D-2.7%
  • 3M16.1%
  • 1Y17.0%
  • YTD31.1%

The Metals and Mining industry is down 2.7% over the last week with Agnico Eagle Mines the worst performer, down 3.8%. In the past year, the industry has gained 17%. 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
Wed, 20 Aug 2025US$496.3bUS$244.5bUS$20.3b21.2x24.5x2x
Fri, 18 Jul 2025US$467.3bUS$241.2bUS$18.2b22.5x25.7x1.9x
Sun, 15 Jun 2025US$464.3bUS$259.2bUS$17.8b21.2x26x1.8x
Tue, 13 May 2025US$431.4bUS$259.1bUS$17.9b21.5x24.1x1.7x
Thu, 10 Apr 2025US$368.4bUS$262.9bUS$16.8b19.9x21.9x1.4x
Sat, 08 Mar 2025US$411.6bUS$263.3bUS$17.2b21.2x23.9x1.6x
Mon, 03 Feb 2025US$406.0bUS$261.8bUS$11.5b18.7x35.3x1.6x
Wed, 01 Jan 2025US$384.4bUS$265.8bUS$12.5b15x30.8x1.4x
Fri, 29 Nov 2024US$441.5bUS$266.1bUS$12.5b19.1x35.4x1.7x
Sun, 27 Oct 2024US$456.9bUS$269.1bUS$11.3b15.4x40.6x1.7x
Tue, 24 Sep 2024US$444.2bUS$267.4bUS$11.3b13.6x39.2x1.7x
Thu, 22 Aug 2024US$437.0bUS$267.2bUS$11.5b13.5x38.1x1.6x
Sat, 20 Jul 2024US$447.0bUS$266.2bUS$12.5b13.9x35.8x1.7x
Mon, 17 Jun 2024US$424.9bUS$266.6bUS$13.1b14.1x32.6x1.6x
Wed, 15 May 2024US$461.1bUS$266.9bUS$13.0b13.4x35.3x1.7x
Fri, 12 Apr 2024US$459.1bUS$266.2bUS$15.7b14.2x29.3x1.7x
Sun, 10 Mar 2024US$399.0bUS$266.7bUS$16.0b13.9x25x1.5x
Tue, 06 Feb 2024US$376.7bUS$264.7bUS$18.3b16.1x20.6x1.4x
Thu, 04 Jan 2024US$402.3bUS$278.3bUS$19.5b17.9x20.7x1.4x
Sat, 02 Dec 2023US$380.1bUS$283.5bUS$20.1b15.5x18.9x1.3x
Mon, 30 Oct 2023US$336.7bUS$279.3bUS$21.3b11.6x15.8x1.2x
Wed, 27 Sep 2023US$340.2bUS$279.3bUS$21.8b11.2x15.6x1.2x
Fri, 25 Aug 2023US$350.8bUS$276.4bUS$21.7b13.6x16.2x1.3x
Sun, 23 Jul 2023US$362.9bUS$281.8bUS$24.0b13.5x15.1x1.3x
Tue, 20 Jun 2023US$347.8bUS$285.0bUS$26.3b12.4x13.2x1.2x
Thu, 18 May 2023US$335.4bUS$284.8bUS$26.3b11.8x12.7x1.2x
Sat, 15 Apr 2023US$370.0bUS$293.3bUS$30.8b11.4x12x1.3x
Mon, 13 Mar 2023US$348.2bUS$293.2bUS$31.0b8.6x11.2x1.2x
Wed, 08 Feb 2023US$374.5bUS$295.5bUS$35.5b7.9x10.6x1.3x
Fri, 06 Jan 2023US$337.5bUS$298.1bUS$37.9b6.7x8.9x1.1x
Sun, 04 Dec 2022US$343.6bUS$298.2bUS$38.0b6x9x1.2x
Tue, 01 Nov 2022US$290.6bUS$297.2bUS$38.7b6.2x7.5x1x
Thu, 29 Sep 2022US$262.9bUS$296.3bUS$44.4b6.4x5.9x0.9x
Sat, 27 Aug 2022US$305.1bUS$296.8bUS$44.5b7.2x6.9x1x
Price to Earnings Ratio

6.9x


Total Market Cap: US$305.1bTotal Earnings: US$44.5bTotal Revenue: US$296.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 22.1x202320242025
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 24.5x which is higher than its 3-year average PE of 22.1x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.0x.
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 6.3% 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-0.82%
Materials-0.078%
Metals and Mining-2.73%
Precious Metals and Minerals8.67%
Steel0.15%
Copper-2.45%
Aluminum-3.19%
Silver-3.22%
Gold-3.95%
Diversified Metals and Mining-6.27%
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 58% 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
NUE NucorUS$145.913.2%
+US$856.5m		1.8%PE26x
STLD Steel DynamicsUS$128.222.1%
+US$385.7m		10.6%PE18.1x
CLF Cleveland-CliffsUS$10.435.2%
+US$257.2m		-15.9%PS0.3x
CMC Commercial MetalsUS$57.553.8%
+US$238.4m		7.2%PE175x
CSTM ConstelliumUS$14.625.6%
+US$107.4m		-8.5%PE63.8x

Latest News

MP
US$69.29
MP Materials
7D
-7.6%
1Y
462.9%

New Equipment And NdPr Trials Will Spur Production Advances

Driven by a significant increase in both Future P/E and Net Profit Margin, analysts have raised MP Materials’ consensus price target from $56.80 to $67.00. What's in the News MP Materials completed a $649.99 million follow-on equity offering of 11,818,181 common shares at $55 each, following the filing for a $500 million equity offering.
NUE
US$145.91
Nucor
7D
3.2%
1Y
1.8%
STLD
US$128.22
Steel Dynamics
7D
2.1%
1Y
10.6%
CRML
US$5.70
Critical Metals
7D
17.8%
1Y
-42.1%
CRS
US$241.62
Carpenter Technology
7D
-6.1%
1Y
70.7%
AU
US$52.15
AngloGold Ashanti
7D
-8.9%
1Y
62.5%
UAMY
US$4.26
United States Antimony
7D
11.5%
1Y
576.8%
AEM
US$130.23
Agnico Eagle Mines
7D
-3.8%
1Y
58.7%
MTRN
US$112.38
Materion
7D
2.0%
1Y
0.2%

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.
CSTM
US$14.62
Constellium
7D
5.6%
1Y
-8.5%
NEM
US$67.38
Newmont
7D
-2.2%
1Y
31.0%
SCCO
US$94.25
Southern Copper
7D
-3.1%
1Y
-5.7%
CLF
US$10.43
Cleveland-Cliffs
7D
5.2%
1Y
-15.9%
FCX
US$41.46
Freeport-McMoRan
7D
-1.6%
1Y
-4.8%
USAR
US$14.84
USA Rare Earth
7D
-22.1%
1Y
38.9%
CMC
US$57.55
Commercial Metals
7D
3.8%
1Y
7.2%