Header cover image

Canadian (TSX) Metals and Mining Industry Analysis

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies1235
  • 7D2.9%
  • 3M25.4%
  • 1Y-4.7%
  • YTD17.5%

Over the last 7 days, the Metals and Mining industry has risen 2.9%, driven by gains in Ivanhoe Mines and Franco-Nevada of 6.6% and 4.4%, respectively. In the same time, NGEx Minerals was down 7.6%. In contrast, the industry has lost 4.7% in the last 12 months. Earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

Has the Canadian Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 May 2024CA$384.6bCA$104.0bCA$25.4m18.3x15165.6x3.7x
Sat, 06 Apr 2024CA$364.6bCA$102.7bCA$1.4b17.6x257.1x3.5x
Mon, 04 Mar 2024CA$304.6bCA$102.8bCA$2.5b14.2x124x3x
Wed, 31 Jan 2024CA$332.4bCA$107.2bCA$1.7b12.8x192.7x3.1x
Fri, 29 Dec 2023CA$351.8bCA$106.2bCA$1.7b13.6x208.6x3.3x
Sun, 26 Nov 2023CA$330.9bCA$108.5bCA$1.7b11.8x194.6x3x
Tue, 24 Oct 2023CA$345.8bCA$106.1bCA$1.5b10.8x228x3.3x
Thu, 21 Sep 2023CA$361.1bCA$104.9bCA$1.6b11x224.4x3.4x
Sat, 19 Aug 2023CA$346.9bCA$104.3bCA$1.4b11.1x246.9x3.3x
Mon, 17 Jul 2023CA$374.4bCA$103.8bCA$2.5b11.8x152.6x3.6x
Wed, 14 Jun 2023CA$366.3bCA$104.2bCA$2.5b13.2x148.8x3.5x
Fri, 12 May 2023CA$390.2bCA$105.6bCA$3.1b15.5x126.3x3.7x
Sun, 09 Apr 2023CA$391.3bCA$107.6bCA$5.2b15.4x75.3x3.6x
Tue, 07 Mar 2023CA$355.7bCA$108.5bCA$8.0b14x44.3x3.3x
Thu, 02 Feb 2023CA$379.8bCA$112.7bCA$11.9b13.9x31.9x3.4x
Sat, 31 Dec 2022CA$340.6bCA$114.2bCA$12.1b12x28.3x3x
Mon, 28 Nov 2022CA$330.4bCA$112.8bCA$12.0b10.7x27.5x2.9x
Wed, 26 Oct 2022CA$299.0bCA$115.4bCA$16.2b9x18.4x2.6x
Fri, 23 Sep 2022CA$292.9bCA$114.7bCA$16.1b9.5x18.2x2.6x
Sun, 21 Aug 2022CA$298.7bCA$111.1bCA$15.8b9.5x18.9x2.7x
Tue, 19 Jul 2022CA$278.3bCA$107.8bCA$14.5b9.2x19.2x2.6x
Thu, 16 Jun 2022CA$344.2bCA$107.4bCA$14.7b12x23.5x3.2x
Sat, 14 May 2022CA$347.5bCA$106.7bCA$14.5b10.7x23.9x3.3x
Mon, 11 Apr 2022CA$428.6bCA$100.7bCA$13.4b12.3x32x4.3x
Wed, 09 Mar 2022CA$430.8bCA$105.8bCA$14.4b12.5x30x4.1x
Fri, 04 Feb 2022CA$362.6bCA$101.5bCA$12.7b10.2x28.5x3.6x
Sun, 02 Jan 2022CA$372.4bCA$101.4bCA$12.7b10.1x29.2x3.7x
Tue, 30 Nov 2021CA$368.9bCA$102.1bCA$13.1b9.7x28.1x3.6x
Thu, 28 Oct 2021CA$370.2bCA$95.0bCA$12.1b10.8x30.6x3.9x
Sat, 25 Sep 2021CA$336.7bCA$97.1bCA$12.6b10.7x26.6x3.5x
Mon, 23 Aug 2021CA$349.1bCA$95.4bCA$12.5b11.2x27.9x3.7x
Sat, 10 Jul 2021CA$364.4bCA$95.3bCA$12.5b12.1x29.1x3.8x
Price to Earnings Ratio

39.1x


Total Market Cap: CA$389.9bTotal Earnings: CA$10.0bTotal Revenue: CA$89.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Metals and Mining Industry Price to Earnings3Y Average 426.7x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15kx which is higher than its 3-year average PE of 413x.
  • The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 86% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.3% 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 Canadian Materials industry?

CA Market2.53%
Materials2.88%
Metals and Mining2.93%
Copper4.79%
Silver4.55%
Diversified Metals and Mining3.06%
Gold2.44%
Precious Metals and Minerals2.09%
Steel0.25%
Aluminum0%
Industry PE
  • Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 5.3x.
    • Analysts are expecting annual earnings growth of 27.6%, which is higher than its past year's earnings decline of 9.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 56% over the next 5 years.
  • However this is lower than its past earnings growth rate of 102% per year.
  • In contrast, the Precious Metals and Minerals industry is expected to see its earnings decline by 41% 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
IVN Ivanhoe MinesCA$19.886.9%
+CA$1.6b		72.4%PE110.2x
FNV Franco-NevadaCA$173.523.5%
+CA$1.1b		-18.5%PS20.3x
K Kinross GoldCA$9.758.9%
+CA$983.2m		31.4%PE20.1x
FM First Quantum MineralsCA$18.366.2%
+CA$884.6m		-45.1%PS1.9x
WPM Wheaton Precious MetalsCA$74.642.5%
+CA$814.4m		7.7%PE45.8x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
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

K

CA$9.75

Kinross Gold

7D

8.9%

1Y

31.4%

TFPM

CA$21.95

Triple Flag Precious Metals

7D

-1.7%

1Y

1.8%

ABX

CA$22.98

Barrick Gold

7D

2.0%

1Y

-13.1%

IVN

CA$19.88

Ivanhoe Mines

7D

6.9%

1Y

72.4%

FNV

CA$173.52

Franco-Nevada

7D

3.5%

1Y

-18.5%

CS

CA$10.10

Capstone Copper

7D

7.4%

1Y

58.8%

EDV

CA$28.49

Endeavour Mining

7D

-1.5%

1Y

-18.6%

TECK.B

CA$68.14

Teck Resources

7D

2.3%

1Y

13.8%

IAU

CA$1.55

i-80 Gold

7D

-8.8%

1Y

-50.5%

WDO

CA$10.06

Wesdome Gold Mines

7D

-3.5%

1Y

8.2%

Why Investors Shouldn't Be Surprised By Wesdome Gold Mines Ltd.'s (TSE:WDO) P/S

Apr 30
Why Investors Shouldn't Be Surprised By Wesdome Gold Mines Ltd.'s (TSE:WDO) P/S

OSK

CA$2.97

Osisko Mining

7D

-4.2%

1Y

-12.1%

FM

CA$18.36

First Quantum Minerals

7D

6.2%

1Y

-45.1%

NGEX

CA$8.87

NGEx Minerals

7D

-9.2%

1Y

36.3%

We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth

Apr 17
We Think NGEx Minerals (TSE:NGEX) Can Afford To Drive Business Growth

WPM

CA$74.64

Wheaton Precious Metals

7D

2.5%

1Y

7.7%

Wheaton Precious Metals (TSE:WPM) Shareholders Will Want The ROCE Trajectory To Continue

Apr 16
Wheaton Precious Metals (TSE:WPM) Shareholders Will Want The ROCE Trajectory To Continue

MSR

CA$0.61

Minsud Resources

7D

-38.4%

1Y

-29.9%

YRI

CA$7.88

Yamana Gold

7D

-1.7%

1Y

6.3%