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U.S. Metals and Mining Industry Analysis

UpdatedSep 10, 2025
DataAggregated Company Financials
Companies251
  • 7D1.1%
  • 3M19.9%
  • 1Y34.6%
  • YTD41.5%

In the last week, the Metals and Mining industry is up 1.1%, with Agnico Eagle Mines leading the way with a 3.4% gain. This takes the industry's 12 month performance to a gain of 35%. 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 Sep 2025US$528.8bUS$244.5bUS$20.3b22.5x26x2.2x
Fri, 08 Aug 2025US$483.4bUS$244.6bUS$20.6b21.7x23.5x2x
Sun, 06 Jul 2025US$479.9bUS$243.9bUS$17.9b23.1x26.8x2x
Tue, 03 Jun 2025US$432.5bUS$259.1bUS$17.8b20.7x24.2x1.7x
Thu, 01 May 2025US$436.6bUS$264.6bUS$19.2b21.1x22.8x1.7x
Sat, 29 Mar 2025US$437.3bUS$262.9bUS$16.8b24x26x1.7x
Mon, 24 Feb 2025US$418.7bUS$264.3bUS$17.4b21.6x24x1.6x
Wed, 22 Jan 2025US$412.5bUS$263.1bUS$11.9b15.4x34.6x1.6x
Fri, 20 Dec 2024US$389.9bUS$265.9bUS$12.5b15.4x31.2x1.5x
Sun, 17 Nov 2024US$426.4bUS$266.7bUS$12.5b18.8x34.1x1.6x
Tue, 15 Oct 2024US$468.9bUS$267.4bUS$11.3b14.2x41.5x1.8x
Thu, 12 Sep 2024US$413.4bUS$267.4bUS$11.4b13.3x36.3x1.5x
Sat, 10 Aug 2024US$421.0bUS$267.1bUS$11.5b13.7x36.5x1.6x
Mon, 08 Jul 2024US$452.2bUS$266.4bUS$12.8b13.3x35.5x1.7x
Wed, 05 Jun 2024US$459.2bUS$266.8bUS$13.0b14.5x35.3x1.7x
Fri, 03 May 2024US$442.1bUS$267.4bUS$13.3b13.3x33.2x1.7x
Sun, 31 Mar 2024US$439.8bUS$266.5bUS$15.7b14.2x28x1.7x
Tue, 27 Feb 2024US$381.0bUS$266.4bUS$15.9b15.3x24x1.4x
Thu, 25 Jan 2024US$385.5bUS$277.6bUS$19.1b16.5x20.2x1.4x
Sat, 23 Dec 2023US$417.1bUS$278.9bUS$19.4b17.9x21.5x1.5x
Mon, 20 Nov 2023US$363.0bUS$280.1bUS$20.0b15.5x18.2x1.3x
Wed, 18 Oct 2023US$349.3bUS$283.3bUS$21.8b11.9x16x1.2x
Fri, 15 Sep 2023US$352.3bUS$279.1bUS$21.4b12.7x16.5x1.3x
Sun, 13 Aug 2023US$361.0bUS$277.0bUS$21.8b13.6x16.5x1.3x
Tue, 11 Jul 2023US$352.9bUS$284.2bUS$26.0b12.9x13.6x1.2x
Thu, 08 Jun 2023US$337.6bUS$284.7bUS$26.4b12.6x12.8x1.2x
Sat, 06 May 2023US$350.0bUS$285.7bUS$26.8b11.3x13.1x1.2x
Mon, 03 Apr 2023US$363.6bUS$293.2bUS$29.3b10.8x12.4x1.2x
Wed, 01 Mar 2023US$365.1bUS$293.2bUS$31.1b8.4x11.7x1.2x
Fri, 27 Jan 2023US$383.9bUS$295.6bUS$36.1b7.6x10.6x1.3x
Sun, 25 Dec 2022US$326.6bUS$298.2bUS$37.9b6.6x8.6x1.1x
Tue, 22 Nov 2022US$319.7bUS$297.9bUS$38.0b6.2x8.4x1.1x
Thu, 20 Oct 2022US$274.7bUS$297.5bUS$44.4b6.9x6.2x0.9x
Sat, 17 Sep 2022US$275.9bUS$296.7bUS$44.4b6.7x6.2x0.9x
Price to Earnings Ratio

6.2x


Total Market Cap: US$275.9bTotal Earnings: US$44.4bTotal Revenue: US$296.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 22.5x202320242025
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 26.0x which is higher than its 3-year average PE of 22.5x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.2x.
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 Market1.39%
Materials-0.35%
Metals and Mining1.05%
Silver13.27%
Precious Metals and Minerals2.68%
Gold2.45%
Copper0.45%
Aluminum0.28%
Steel-0.44%
Diversified Metals and Mining-3.05%
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 62% over the next 5 years.
  • This is better than its past earnings growth rate of 2.5% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 3.3% 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
AEM Agnico Eagle MinesUS$152.753.4%
+US$2.5b		93.6%PE25.9x
SCCO Southern CopperUS$99.912.7%
+US$2.2b		9.5%PE22.5x
AU AngloGold AshantiUS$61.926.5%
+US$1.9b		125.6%PE17.3x
HL Hecla MiningUS$10.1814.1%
+US$833.1m		78.9%PE67.5x
CDE Coeur MiningUS$14.334.9%
+US$430.6m		167.9%PE48.3x

Latest News

FCX
US$43.89
Freeport-McMoRan
7D
-2.3%
1Y
8.6%
WS
US$30.95
Worthington Steel
7D
-4.4%
1Y
0.3%

Worthington Steel (NYSE:WS) May Have Issues Allocating Its Capital

Sep 09
Worthington Steel (NYSE:WS) May Have Issues Allocating Its Capital
SIM
US$25.00
Grupo Simec. de
7D
-10.6%
1Y
-9.8%
HL
US$10.18
Hecla Mining
7D
14.1%
1Y
78.9%
CRS
US$244.74
Carpenter Technology
7D
2.1%
1Y
80.8%

Aerospace Demand And Brownfield Expansion Will Open New Markets

Carpenter Technology’s consensus analyst price target saw only a marginal increase, with key valuation metrics such as future P/E and discount rate remaining essentially unchanged, resulting in a minimal upward revision of fair value from $321.43 to $325.72. What's in the News Carpenter Technology issued fiscal year 2026 operating income guidance of $660 million to $700 million, up 26% to 33% from adjusted fiscal year 2025, and reaffirmed a fiscal year 2027 target of $765 million to $800 million.
NUE
US$141.02
Nucor
7D
-3.7%
1Y
1.0%
CDE
US$14.33
Coeur Mining
7D
4.9%
1Y
167.9%
AEM
US$152.75
Agnico Eagle Mines
7D
3.4%
1Y
93.6%
CLF
US$10.81
Cleveland-Cliffs
7D
3.4%
1Y
-0.9%
MP
US$63.15
MP Materials
7D
-6.2%
1Y
355.6%

Government Contracts And Apple Partnership Will Drive Processing Expansion

The notable increase in MP Materials’ consensus analyst price target from $67.00 to $77.00 appears driven by a substantial rise in the company’s future P/E multiple, despite a modest contraction in net profit margin. What's in the News MP Materials announced a $500 million long-term agreement with Apple to supply rare earth magnets made from 100% recycled materials, significantly expanding its Fort Worth magnetics facility and planning a dedicated recycling line at Mountain Pass; magnet shipments are expected to begin in 2027.
AU
US$61.92
AngloGold Ashanti
7D
6.5%
1Y
125.6%

Robust Gold Demand And Operational Improvements Will Enable Future Success

With both the Discount Rate and Future P/E essentially unchanged, there is no material shift in valuation, and AngloGold Ashanti’s consensus analyst price target remains steady at $54.17. What's in the News AngloGold Ashanti declared an interim dividend of 80 US cents per share for the three months ended June 30, 2025.
SCCO
US$99.91
Southern Copper
7D
2.7%
1Y
9.5%

Is Southern Copper (NYSE:SCCO) Using Too Much Debt?

Sep 01
Is Southern Copper (NYSE:SCCO) Using Too Much Debt?
TMC
US$5.20
TMC the metals
7D
-4.4%
1Y
441.7%
NEM
US$75.92
Newmont
7D
0.08%
1Y
48.0%
STLD
US$130.29
Steel Dynamics
7D
1.0%
1Y
19.8%
BGL
US$8.31
Blue Gold
7D
-17.5%
1Y
-27.6%