Header cover image

U.S. Metals and Mining Industry Analysis

UpdatedJun 15, 2024
DataAggregated Company Financials
Companies264
  • 7D-2.4%
  • 3M2.0%
  • 1Y14.9%
  • YTD5.4%

Over the last 7 days, the Metals and Mining industry has dropped 2.4%, driven by Southern Copper declining 2.4%. This takes the industry's 12 month performance to a gain of 15%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Jun 2024US$425.5bUS$266.6bUS$13.0b14.1x32.7x1.6x
Mon, 13 May 2024US$459.1bUS$266.8bUS$13.0b13.4x35.2x1.7x
Wed, 10 Apr 2024US$456.6bUS$266.3bUS$15.7b14.4x29.2x1.7x
Fri, 08 Mar 2024US$398.5bUS$266.6bUS$16.0b14.5x25x1.5x
Sun, 04 Feb 2024US$389.2bUS$276.5bUS$18.6b16.2x20.9x1.4x
Tue, 02 Jan 2024US$411.8bUS$278.5bUS$19.5b17.7x21.1x1.5x
Thu, 30 Nov 2023US$375.9bUS$280.1bUS$19.9b15x18.8x1.3x
Sat, 28 Oct 2023US$305.7bUS$268.2bUS$22.2b11.6x13.8x1.1x
Mon, 25 Sep 2023US$346.3bUS$279.1bUS$21.3b12.2x16.2x1.2x
Wed, 23 Aug 2023US$353.2bUS$276.4bUS$21.7b13.8x16.3x1.3x
Fri, 21 Jul 2023US$365.7bUS$282.2bUS$24.2b13.5x15.1x1.3x
Sun, 18 Jun 2023US$347.8bUS$285.0bUS$26.3b12.4x13.2x1.2x
Tue, 16 May 2023US$339.8bUS$284.8bUS$26.4b11.8x12.9x1.2x
Thu, 13 Apr 2023US$364.3bUS$293.3bUS$30.7b11.4x11.9x1.2x
Sat, 11 Mar 2023US$348.2bUS$293.3bUS$31.0b8.6x11.2x1.2x
Mon, 06 Feb 2023US$380.3bUS$295.6bUS$35.5b7.8x10.7x1.3x
Wed, 04 Jan 2023US$324.9bUS$298.2bUS$37.9b6.6x8.6x1.1x
Fri, 02 Dec 2022US$338.2bUS$298.2bUS$38.0b6.1x8.9x1.1x
Sun, 30 Oct 2022US$294.9bUS$297.1bUS$38.7b6.8x7.6x1x
Tue, 27 Sep 2022US$250.8bUS$296.3bUS$44.4b6.2x5.7x0.8x
Thu, 25 Aug 2022US$302.5bUS$296.8bUS$44.5b7.1x6.8x1x
Sat, 23 Jul 2022US$291.2bUS$284.4bUS$42.8b7.5x6.8x1x
Mon, 20 Jun 2022US$314.9bUS$281.3bUS$42.1b8.6x7.5x1.1x
Wed, 18 May 2022US$331.4bUS$280.5bUS$41.9b8x7.9x1.2x
Fri, 15 Apr 2022US$436.1bUS$260.7bUS$35.6b11.6x12.2x1.7x
Sun, 13 Mar 2022US$401.2bUS$259.2bUS$35.4b10.3x11.3x1.5x
Tue, 08 Feb 2022US$323.5bUS$247.8bUS$33.6b8.6x9.6x1.3x
Thu, 06 Jan 2022US$335.5bUS$233.0bUS$28.2b9.2x11.9x1.4x
Sat, 04 Dec 2021US$303.9bUS$232.3bUS$28.0b9x10.9x1.3x
Mon, 01 Nov 2021US$317.1bUS$226.7bUS$26.2b9.4x12.1x1.4x
Wed, 29 Sep 2021US$299.8bUS$195.0bUS$18.4b11.6x16.3x1.5x
Fri, 27 Aug 2021US$325.8bUS$198.0bUS$18.0b12.1x18.1x1.6x
Sat, 03 Jul 2021US$319.4bUS$193.5bUS$16.6b12.7x19.3x1.7x
Price to Earnings Ratio

19.3x


Total Market Cap: US$319.4bTotal Earnings: US$16.6bTotal Revenue: US$193.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 14.6x202220232024
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 32.7x which is higher than its 3-year average PE of 14.6x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 7.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Materials industry?

US Market1.21%
Materials-1.29%
Metals and Mining-2.37%
Gold0.80%
Silver-2.16%
Diversified Metals and Mining-2.36%
Copper-2.38%
Steel-4.46%
Aluminum-4.65%
Precious Metals and Minerals-12.88%
Industry PE
  • Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio of 19.7x.
    • Analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings decline of 24.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Precious Metals and Minerals industry, expecting annual earnings growth of 125% over the next 5 years.
  • In contrast, the Steel industry is expected to see its earnings growth to stay flat 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$40.821.1%
+US$530.5m
-6.9%PS3.6x
AEM Agnico Eagle MinesUS$64.250.7%
+US$280.3m
26.0%PE68x
IE Ivanhoe ElectricUS$10.6917.5%
+US$191.4m
-27.9%PS359.1x
CDE Coeur MiningUS$5.747.1%
+US$151.7m
84.6%PS2.7x
CRML Critical MetalsUS$11.5312.2%
+US$102.1m
8.1%PB29.4x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

NUE

US$154.69

Nucor

7D

-3.9%

1Y

2.2%

IDR

US$10.24

Idaho Strategic Resources

7D

15.7%

1Y

96.9%

CLF

US$14.91

Cleveland-Cliffs

7D

-5.6%

1Y

-9.5%

IE

US$10.69

Ivanhoe Electric

7D

17.5%

1Y

-27.9%

RS

US$277.09

Reliance

7D

-3.4%

1Y

8.2%

CDE

US$5.74

Coeur Mining

7D

7.1%

1Y

84.6%

MTAL

US$14.03

Metals Acquisition

7D

-3.5%

1Y

46.1%

CRML

US$11.53

Critical Metals

7D

12.2%

1Y

8.1%