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U.S. Metals and Mining Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies276
  • 7D-7.0%
  • 3M31.0%
  • 1Y99.0%
  • YTD13.5%

Over the last 7 days, the Metals and Mining industry has dropped 7.0%, driven by declines in Newmont and Agnico Eagle Mines of 9.6% and 11%, respectively. In the past year, the industry has gained 99%. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026US$850.6bUS$250.8bUS$23.6b27.4x36x3.4x
Mon, 29 Dec 2025US$696.0bUS$248.6bUS$22.5b26.7x30.9x2.8x
Wed, 26 Nov 2025US$592.8bUS$248.3bUS$22.5b21.7x26.3x2.4x
Fri, 24 Oct 2025US$579.4bUS$243.3bUS$20.4b24.9x28.4x2.4x
Sun, 21 Sep 2025US$561.7bUS$244.8bUS$20.3b23.4x27.6x2.3x
Tue, 19 Aug 2025US$499.0bUS$244.5bUS$20.3b21.6x24.6x2x
Thu, 17 Jul 2025US$466.8bUS$241.1bUS$18.0b22.2x25.9x1.9x
Sat, 14 Jun 2025US$460.1bUS$259.2bUS$17.8b21.2x25.8x1.8x
Mon, 12 May 2025US$431.5bUS$259.1bUS$17.9b20.6x24.1x1.7x
Wed, 09 Apr 2025US$376.0bUS$262.9bUS$16.8b17.8x22.3x1.4x
Fri, 07 Mar 2025US$414.6bUS$263.3bUS$17.2b21.4x24.1x1.6x
Sun, 02 Feb 2025US$406.0bUS$261.8bUS$11.5b18.7x35.3x1.6x
Tue, 31 Dec 2024US$390.3bUS$265.9bUS$12.5b15.3x31.2x1.5x
Thu, 28 Nov 2024US$441.2bUS$266.1bUS$12.4b19.1x35.5x1.7x
Sat, 26 Oct 2024US$459.1bUS$269.1bUS$11.3b15.4x40.8x1.7x
Mon, 23 Sep 2024US$444.2bUS$267.4bUS$11.3b13.6x39.2x1.7x
Wed, 21 Aug 2024US$439.9bUS$267.2bUS$11.5b13.4x38.3x1.6x
Fri, 19 Jul 2024US$458.5bUS$266.2bUS$12.5b14.1x36.7x1.7x
Sun, 16 Jun 2024US$424.9bUS$266.6bUS$13.1b14.1x32.6x1.6x
Tue, 14 May 2024US$461.1bUS$266.9bUS$13.0b13.4x35.3x1.7x
Thu, 11 Apr 2024US$463.1bUS$266.2bUS$15.7b14.3x29.6x1.7x
Sat, 09 Mar 2024US$399.0bUS$266.7bUS$16.0b13.9x25x1.5x
Mon, 05 Feb 2024US$389.2bUS$276.0bUS$18.2b16.2x21.4x1.4x
Wed, 03 Jan 2024US$407.7bUS$278.4bUS$19.5b17.8x20.9x1.5x
Fri, 01 Dec 2023US$376.5bUS$283.4bUS$20.1b14.9x18.8x1.3x
Sun, 29 Oct 2023US$305.7bUS$268.2bUS$22.2b11.6x13.8x1.1x
Tue, 26 Sep 2023US$347.0bUS$279.0bUS$21.3b12.2x16.3x1.2x
Thu, 24 Aug 2023US$356.4bUS$276.5bUS$21.7b13.7x16.4x1.3x
Sat, 22 Jul 2023US$362.9bUS$281.8bUS$24.0b13.5x15.1x1.3x
Mon, 19 Jun 2023US$347.8bUS$285.0bUS$26.3b12.4x13.2x1.2x
Wed, 17 May 2023US$330.6bUS$284.8bUS$26.3b11.7x12.6x1.2x
Fri, 14 Apr 2023US$373.0bUS$293.4bUS$30.7b11.5x12.1x1.3x
Sun, 12 Mar 2023US$348.2bUS$293.2bUS$31.0b8.6x11.2x1.2x
Tue, 07 Feb 2023US$373.0bUS$295.5bUS$35.5b7.8x10.5x1.3x
Price to Earnings Ratio

10.5x


Total Market Cap: US$373.0bTotal Earnings: US$35.5bTotal Revenue: US$295.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 25.2x202420252026
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 36.0x which is higher than its 3-year average PE of 25.2x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 13% per year over the last three years,
  • Revenues have also declined 5.3% 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-0.28%
Materials-3.57%
Metals and Mining-7.01%
Copper1.97%
Steel-2.74%
Aluminum-7.13%
Precious Metals and Minerals-10.37%
Gold-11.33%
Diversified Metals and Mining-17.92%
Silver-29.14%
Industry PE
  • Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 11.1x.
    • Analysts are expecting annual earnings growth of 36.7% 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 67% over the next 5 years.
  • This is better than its past earnings growth rate of 33% per year.
  • In contrast, the Copper industry is expected to see its earnings grow by 8.0% 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$190.323.3%
+US$4.9b		115.3%PE36x
SIM Grupo Simec. deUS$31.507.6%
+US$342.3m		24.1%PE31.7x
MTRN MaterionUS$138.282.3%
+US$65.7m		36.9%PE147.8x
NAMM Namib MineralsUS$3.6818.7%
+US$31.1m		-65.6%PS2.5x
HLP Hongli GroupUS$0.9316.9%
+US$9.9m		-27.5%PE67.9x

Latest News

AEM
US$190.50
Agnico Eagle Mines
7D
-11.2%
1Y
105.0%
CDE
US$20.44
Coeur Mining
7D
-21.7%
1Y
209.7%
HL
US$22.52
Hecla Mining
7D
-29.2%
1Y
296.5%
MP
US$58.77
MP Materials
7D
-15.5%
1Y
167.6%
SCCO
US$190.32
Southern Copper
7D
3.3%
1Y
115.3%
AU
US$92.87
AngloGold Ashanti
7D
-12.6%
1Y
207.4%

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Jan 29
Earnings Tell The Story For AngloGold Ashanti plc (NYSE:AU) As Its Stock Soars 36%
MTRN
US$138.28
Materion
7D
2.3%
1Y
36.9%
RGLD
US$263.31
Royal Gold
7D
-10.2%
1Y
88.3%

Copper Growth Projects And Extended Mount Milligan Life Will Transform Long Term Cash Flows

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EMAT
US$6.73
Evolution Metals & Technologies
7D
-29.5%
1Y
-41.2%

Evolution Metals & Technologies Is Just The Beginning; Caution Is Advised

Jan 24
NEM
US$112.35
Newmont
7D
-9.6%
1Y
163.0%

NEM: Future Barrick Nevada Deal Pursuit Will Likely Pressure Stretched Shares

Narrative Update on Newmont Analysts have lifted their implied price target on Newmont by about US$7 per share, reflecting updated views on fair value, refreshed commodity price assumptions, and company guidance that points to revenue growth, a different profit margin profile, and a slightly higher future P/E multiple. Analyst Commentary Recent Street research on Newmont has centered on refreshed commodity price assumptions, updated company guidance, and how those factors flow through to valuation.
FRD
US$19.63
Friedman Industries
7D
1.1%
1Y
29.4%
HLP
US$0.93
Hongli Group
7D
16.9%
1Y
-27.5%
SIM
US$31.50
Grupo Simec. de
7D
7.6%
1Y
24.1%
NAMM
US$3.68
Namib Minerals
7D
18.7%
1Y
-65.6%
PZG
US$1.77
Paramount Gold Nevada
7D
2.9%
1Y
358.1%
XPL
US$0.78
Solitario Resources
7D
4.3%
1Y
21.4%