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U.S. Metals and Mining Industry Analysis
UpdatedJun 21, 2025
DataAggregated Company Financials
Companies241
- 7D-1.6%
- 3M7.1%
- 1Y5.6%
- YTD19.0%
Over the last 7 days, the Metals and Mining industry has dropped 1.6%, driven by pullbacks in Agnico Eagle Mines and AngloGold Ashanti of 2.8% and 5.6%, respectively. Meanwhile, MP Materials actually outperformed within the industry, gaining 24% in the last week. Over the past 12 months, the industry was up 5.6%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 23 Jun 2025 | US$452.6b | US$243.9b | US$17.8b | 21.2x | 25.5x | 1.9x |
| Wed, 21 May 2025 | US$459.5b | US$272.4b | US$20.2b | 20.6x | 22.8x | 1.7x |
| Fri, 18 Apr 2025 | US$427.3b | US$263.8b | US$18.0b | 21.1x | 23.8x | 1.6x |
| Sun, 16 Mar 2025 | US$427.3b | US$263.1b | US$17.1b | 22.9x | 25x | 1.6x |
| Tue, 11 Feb 2025 | US$421.2b | US$261.9b | US$11.5b | 20.9x | 36.6x | 1.6x |
| Thu, 09 Jan 2025 | US$395.7b | US$265.7b | US$12.1b | 15.6x | 32.6x | 1.5x |
| Sat, 07 Dec 2024 | US$443.1b | US$266.1b | US$12.5b | 18.3x | 35.5x | 1.7x |
| Mon, 04 Nov 2024 | US$445.4b | US$268.8b | US$11.7b | 15.4x | 38x | 1.7x |
| Wed, 02 Oct 2024 | US$465.0b | US$267.5b | US$11.3b | 14.5x | 41.2x | 1.7x |
| Fri, 30 Aug 2024 | US$435.5b | US$267.3b | US$11.4b | 13.6x | 38.3x | 1.6x |
| Sun, 28 Jul 2024 | US$442.8b | US$266.6b | US$12.8b | 13.3x | 34.7x | 1.7x |
| Tue, 25 Jun 2024 | US$434.4b | US$266.4b | US$13.0b | 13x | 33.5x | 1.6x |
| Thu, 23 May 2024 | US$477.5b | US$266.9b | US$13.0b | 14.5x | 36.7x | 1.8x |
| Sat, 20 Apr 2024 | US$450.9b | US$265.9b | US$15.6b | 13.8x | 28.9x | 1.7x |
| Mon, 18 Mar 2024 | US$416.7b | US$266.6b | US$16.0b | 14.1x | 26x | 1.6x |
| Wed, 14 Feb 2024 | US$366.4b | US$264.7b | US$18.2b | 16x | 20.1x | 1.4x |
| Fri, 12 Jan 2024 | US$394.5b | US$278.2b | US$19.4b | 17x | 20.3x | 1.4x |
| Sun, 10 Dec 2023 | US$372.2b | US$278.6b | US$19.8b | 15x | 18.8x | 1.3x |
| Tue, 07 Nov 2023 | US$348.2b | US$280.1b | US$20.1b | 13.8x | 17.3x | 1.2x |
| Thu, 05 Oct 2023 | US$345.1b | US$283.5b | US$21.9b | 12.1x | 15.8x | 1.2x |
| Sat, 02 Sep 2023 | US$367.3b | US$279.1b | US$21.4b | 12.7x | 17.2x | 1.3x |
| Mon, 31 Jul 2023 | US$375.6b | US$276.7b | US$22.1b | 13.9x | 17x | 1.4x |
| Wed, 28 Jun 2023 | US$348.9b | US$284.4b | US$26.0b | 12.9x | 13.4x | 1.2x |
| Fri, 26 May 2023 | US$317.3b | US$284.6b | US$26.3b | 12.2x | 12x | 1.1x |
| Sun, 23 Apr 2023 | US$358.8b | US$290.2b | US$28.7b | 11.2x | 12.5x | 1.2x |
| Tue, 21 Mar 2023 | US$344.4b | US$293.2b | US$31.0b | 9.7x | 11.1x | 1.2x |
| Thu, 16 Feb 2023 | US$370.2b | US$294.1b | US$33.3b | 7.9x | 11.1x | 1.3x |
| Sat, 14 Jan 2023 | US$377.1b | US$298.6b | US$37.9b | 8.2x | 9.9x | 1.3x |
| Mon, 12 Dec 2022 | US$329.7b | US$298.2b | US$38.0b | 6x | 8.7x | 1.1x |
| Wed, 09 Nov 2022 | US$301.4b | US$297.5b | US$37.8b | 6.8x | 8x | 1x |
| Fri, 07 Oct 2022 | US$281.9b | US$297.1b | US$44.3b | 6.8x | 6.4x | 0.9x |
| Sun, 04 Sep 2022 | US$280.1b | US$296.8b | US$44.5b | 6.5x | 6.3x | 0.9x |
| Tue, 02 Aug 2022 | US$293.5b | US$292.3b | US$42.9b | 8.2x | 6.8x | 1x |
| Thu, 30 Jun 2022 | US$299.9b | US$282.0b | US$42.0b | 8.1x | 7.1x | 1.1x |
Price to Earnings Ratio
7.1x
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 25.5x which is higher than its 3-year average PE of 21.1x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 25% per year over the last three years,
- Revenues have also declined 4.7% 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 | 0.00049% | |
| Materials | -1.35% | |
| Metals and Mining | -1.55% | |
| Precious Metals and Minerals | 4.04% | |
| Diversified Metals and Mining | 1.16% | |
| Steel | -1.03% | |
| Copper | -1.54% | |
| Gold | -1.96% | |
| Aluminum | -3.67% | |
| Silver | -4.02% | |
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 20.4% 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 75% 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 4.2% 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 | |
|---|---|---|---|---|---|
| MP MP Materials | US$37.74 | 23.5% +US$1.2b | 175.9% | PS28.6x | |
| TMC TMC the metals | US$6.56 | 51.2% +US$804.1m | 365.2% | PE-30.7x | |
| NUE Nucor | US$124.30 | 2.0% +US$549.2m | -21.1% | PE21.5x | |
| NEM Newmont | US$58.23 | 0.6% +US$365.5m | 37.8% | PE12.9x | |
| CRS Carpenter Technology | US$253.72 | 2.0% +US$248.9m | 155.1% | PE35.3x |
