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U.S. Metals and Mining Industry Analysis

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies276
  • 7D12.2%
  • 3M-1.9%
  • 1Y67.2%
  • YTD20.6%

Newmont is up 18%, leading the way for the Metals and Mining industry, which has gained 12%. This means that the industry has gained 67% over the past year. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Aug 2026US$837.8bUS$283.1bUS$37.0b18x22.6x3x
Wed, 08 Jul 2026US$731.3bUS$269.7bUS$32.4b21.5x22.6x2.7x
Fri, 05 Jun 2026US$832.6bUS$269.2bUS$32.4b20.1x25.7x3.1x
Sun, 03 May 2026US$771.1bUS$265.4bUS$30.2b22.2x25.5x2.9x
Tue, 31 Mar 2026US$717.6bUS$255.7bUS$25.5b21x28.1x2.8x
Thu, 26 Feb 2026US$873.9bUS$254.8bUS$25.3b23.9x34.6x3.4x
Sat, 24 Jan 2026US$815.1bUS$248.5bUS$23.0b27.1x35.5x3.3x
Mon, 22 Dec 2025US$665.2bUS$248.5bUS$22.5b25.4x29.6x2.7x
Wed, 19 Nov 2025US$578.9bUS$248.3bUS$22.5b20.6x25.7x2.3x
Fri, 17 Oct 2025US$616.9bUS$242.1bUS$20.1b25.4x30.7x2.5x
Sun, 14 Sep 2025US$545.8bUS$244.5bUS$20.3b23.9x26.9x2.2x
Tue, 12 Aug 2025US$498.0bUS$244.5bUS$20.5b20.7x24.3x2x
Thu, 10 Jul 2025US$469.7bUS$243.9bUS$17.9b22.4x26.2x1.9x
Sat, 07 Jun 2025US$457.9bUS$259.2bUS$17.8b21.4x25.7x1.8x
Mon, 05 May 2025US$426.2bUS$258.8bUS$18.1b22.1x23.5x1.6x
Wed, 02 Apr 2025US$425.9bUS$262.9bUS$16.8b22.1x25.3x1.6x
Fri, 28 Feb 2025US$419.3bUS$263.7bUS$17.3b21.1x24.2x1.6x
Sun, 26 Jan 2025US$410.1bUS$263.2bUS$11.9b17.1x34.4x1.6x
Tue, 24 Dec 2024US$390.0bUS$265.9bUS$12.5b15.4x31.2x1.5x
Thu, 21 Nov 2024US$441.8bUS$266.8bUS$12.5b19.1x35.4x1.7x
Sat, 19 Oct 2024US$469.9bUS$267.2bUS$11.2b14.6x42x1.8x
Mon, 16 Sep 2024US$432.1bUS$267.5bUS$11.4b13.9x37.9x1.6x
Wed, 14 Aug 2024US$422.7bUS$267.2bUS$11.5b13.2x36.7x1.6x
Fri, 12 Jul 2024US$454.6bUS$266.4bUS$12.8b13.9x35.6x1.7x
Sun, 09 Jun 2024US$435.1bUS$266.7bUS$13.0b14.6x33.5x1.6x
Tue, 07 May 2024US$451.4bUS$266.9bUS$13.1b13.4x34.4x1.7x
Thu, 04 Apr 2024US$453.6bUS$266.4bUS$15.7b14.6x28.9x1.7x
Sat, 02 Mar 2024US$381.6bUS$266.5bUS$15.9b14.2x24.1x1.4x
Mon, 29 Jan 2024US$387.1bUS$277.7bUS$19.2b16.8x20.2x1.4x
Wed, 27 Dec 2023US$418.3bUS$278.9bUS$19.4b18.2x21.5x1.5x
Fri, 24 Nov 2023US$367.9bUS$280.1bUS$20.0b15.2x18.4x1.3x
Sun, 22 Oct 2023US$332.8bUS$282.8bUS$22.1b11.7x15.1x1.2x
Tue, 19 Sep 2023US$355.7bUS$279.1bUS$21.4b12.6x16.7x1.3x
Thu, 17 Aug 2023US$354.2bUS$276.4bUS$21.7b13.4x16.3x1.3x
Price to Earnings Ratio

16.3x


Total Market Cap: US$354.2bTotal Earnings: US$21.7bTotal Revenue: US$276.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 27.8x202420252026
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 22.6x which is lower than its 3-year average PE of 27.8x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 20% 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 Market2.74%
Materials6.32%
Metals and Mining12.19%
Diversified Metals and Mining20.06%
Silver19.42%
Gold18.74%
Precious Metals and Minerals16.02%
Aluminum10.94%
Copper7.93%
Steel5.32%
Industry PE
  • Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 26.6x.
    • Analysts are expecting annual earnings growth of 20.0%, which is lower than the prior year's growth of 54.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 33% over the next 5 years.
  • However this is lower than its past earnings growth rate of 97% per year.
  • In contrast, the Aluminum 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
NEM NewmontUS$112.9818.5%
+US$18.2b		64.0%PE13.8x
AEM Agnico Eagle MinesUS$178.8221.3%
+US$15.9b		32.0%PE15.4x
SCCO Southern CopperUS$199.067.1%
+US$11.0b		114.9%PE29.3x
FCX Freeport-McMoRanUS$69.629.4%
+US$8.5b		67.9%PE34.1x
AU AngloGold AshantiUS$96.2217.9%
+US$7.5b		69.4%PE12.9x

Latest News

AEM
US$178.82
Agnico Eagle Mines
7D
21.3%
1Y
32.0%
Seeking Alpha • Aug 09

Agnico Eagle Mines: Best-In-Breed Gold Miner Stands Out As Gold Breaks Out

Summary Agnico Eagle Mines is reiterated as a buy, with shares seen as fundamentally undervalued and a technical breakout supporting upside. AEM posted strong Q2 2026 results: $3.07 non-GAAP EPS, $3.8B revenue, $1.335B free cash flow, and $400M in buybacks, surpassing capital return targets. Management projects 3.3–3.5 million ounces output by 2026 and targets 20–30% growth over the next decade, while advancing five pipeline projects. Valuation implies 34% upside to $240/share using a 20x P/E on $12 normalized EPS; key risks include gold prices, energy costs, and regulatory uncertainty. Read the full article on Seeking Alpha
RGLD
US$229.92
Royal Gold
7D
13.8%
1Y
34.8%
Analysis Article • Aug 08

Royal Gold, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Shareholders of Royal Gold, Inc. ( NASDAQ:RGLD ) will be pleased this week, given that the stock price is up 16% to...
SCCO
US$199.06
Southern Copper
7D
7.1%
1Y
114.9%
NUE
US$272.63
Nucor
7D
4.3%
1Y
98.0%
CDE
US$17.39
Coeur Mining
7D
11.8%
1Y
49.8%
AU
US$96.22
AngloGold Ashanti
7D
17.9%
1Y
69.4%
Narrative Update • Aug 07

AU: Rich P/E And $2b Buyback Will Restrain Future Returns

Analysts have raised their price target on AngloGold Ashanti from $75.00 to about $79.15, citing updated assumptions that include a higher projected profit margin and a slightly different forward P/E, alongside revised expectations for revenue trends and discount rates. What’s in the News for AngloGold Ashanti AngloGold Ashanti reported Q2 2026 headline earnings of US$1b, a 58% rise according to recent results coverage, supported by tighter cost control and a 35% higher average gold price.
CMP
US$27.35
Compass Minerals International
7D
-4.9%
1Y
27.2%
FCX
US$69.62
Freeport-McMoRan
7D
9.4%
1Y
67.9%
RYZ
US$28.08
Ryerson Holding
7D
-0.1%
1Y
32.8%
INHD
US$5.15
Inno Holdings
7D
-45.4%
1Y
-99.1%
BGL
US$0.19
Blue Gold
7D
-4.2%
1Y
-98.5%
NEM
US$112.98
Newmont
7D
18.5%
1Y
64.0%
Narrative Update • Jul 28

NEM: Higher Costs And Softer Gold Prices Will Pressure Future Cash Returns

The analyst price target for Newmont has been revised slightly lower, with the fair value estimate moving from about $85.95 to $84.11 as analysts factor in softer revenue growth assumptions, a small reduction in profit margins, updated commodity price forecasts, and the impact of buybacks on share count. Analyst Commentary Recent Street research on Newmont reflects a mix of views, with many firms adjusting price targets after updating commodity price assumptions, production expectations, and cost outlooks.
YDDL
US$1.80
One and one Green Technologies
7D
-6.4%
1Y
n/a
EMAT
US$2.81
Evolution Metals & Technologies
7D
-4.7%
1Y
-75.1%
ZKIN
US$1.08
ZK International Group
7D
-10.0%
1Y
-41.3%