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U.S. Metals and Mining Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies262
  • 7D2.0%
  • 3M20.1%
  • 1Y46.0%
  • YTD59.7%

The Metals and Mining industry is up 2.0% in the last week, with AngloGold Ashanti up 7.1%. Meanwhile, Southern Copper actually underperformed within the industry, shrinking 5.5% in the last week. This means that the industry has gained 46% over the past year. 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
Tue, 18 Nov 2025US$612.3bUS$248.2bUS$22.8b23.7x26.9x2.5x
Thu, 16 Oct 2025US$611.5bUS$242.1bUS$20.1b25.5x30.5x2.5x
Sat, 13 Sep 2025US$548.1bUS$244.5bUS$20.3b23.9x27x2.2x
Mon, 11 Aug 2025US$497.5bUS$244.4bUS$20.5b21.8x24.3x2x
Wed, 09 Jul 2025US$476.7bUS$243.9bUS$17.9b22.3x26.6x2x
Fri, 06 Jun 2025US$456.3bUS$259.2bUS$17.8b21.5x25.6x1.8x
Sun, 04 May 2025US$426.2bUS$258.8bUS$18.1b22.1x23.5x1.6x
Tue, 01 Apr 2025US$427.7bUS$262.9bUS$16.8b22x25.4x1.6x
Thu, 27 Feb 2025US$416.2bUS$263.7bUS$17.2b21.8x24.1x1.6x
Sat, 25 Jan 2025US$410.6bUS$263.2bUS$11.9b17.1x34.5x1.6x
Mon, 23 Dec 2024US$390.0bUS$265.9bUS$12.5b15.4x31.1x1.5x
Wed, 20 Nov 2024US$435.7bUS$266.8bUS$12.5b19.1x34.9x1.6x
Fri, 18 Oct 2024US$468.1bUS$267.1bUS$11.2b14.7x41.8x1.8x
Sun, 15 Sep 2024US$432.1bUS$267.5bUS$11.4b13.9x37.9x1.6x
Tue, 13 Aug 2024US$420.4bUS$267.1bUS$11.5b12.8x36.5x1.6x
Thu, 11 Jul 2024US$446.8bUS$266.4bUS$12.8b13.5x35x1.7x
Sat, 08 Jun 2024US$451.8bUS$266.7bUS$13.0b14.6x34.7x1.7x
Mon, 06 May 2024US$447.4bUS$267.0bUS$13.3b13.3x33.7x1.7x
Wed, 03 Apr 2024US$443.5bUS$266.3bUS$15.7b14.3x28.3x1.7x
Fri, 01 Mar 2024US$376.0bUS$266.3bUS$16.0b13.9x23.5x1.4x
Sun, 28 Jan 2024US$387.1bUS$277.7bUS$19.2b16.8x20.2x1.4x
Tue, 26 Dec 2023US$418.3bUS$278.9bUS$19.4b17.9x21.5x1.5x
Thu, 23 Nov 2023US$364.0bUS$280.1bUS$20.0b15.1x18.2x1.3x
Sat, 21 Oct 2023US$332.8bUS$282.8bUS$22.1b11.7x15.1x1.2x
Mon, 18 Sep 2023US$356.3bUS$279.1bUS$21.4b12.6x16.7x1.3x
Wed, 16 Aug 2023US$355.8bUS$276.5bUS$21.7b13.3x16.4x1.3x
Fri, 14 Jul 2023US$372.2bUS$284.5bUS$26.0b13.5x14.3x1.3x
Sun, 11 Jun 2023US$337.1bUS$284.7bUS$26.4b12.6x12.8x1.2x
Tue, 09 May 2023US$349.1bUS$285.7bUS$26.8b11.4x13x1.2x
Thu, 06 Apr 2023US$356.0bUS$293.2bUS$29.3b10.9x12.1x1.2x
Sat, 04 Mar 2023US$385.0bUS$293.3bUS$31.0b8.7x12.4x1.3x
Mon, 30 Jan 2023US$379.9bUS$295.6bUS$36.1b7.5x10.5x1.3x
Wed, 28 Dec 2022US$330.8bUS$298.2bUS$37.9b6.7x8.7x1.1x
Fri, 25 Nov 2022US$330.1bUS$298.0bUS$38.0b6.3x8.7x1.1x
Price to Earnings Ratio

8.7x


Total Market Cap: US$330.1bTotal Earnings: US$38.0bTotal Revenue: US$298.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Metals and Mining Industry Price to Earnings3Y Average 23.8x202320242025
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 26.9x which is higher than its 3-year average PE of 23.8x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 16% per year over the last three years,
  • Revenues have also declined 5.9% 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-0.39%
Materials0.78%
Metals and Mining2.02%
Gold6.08%
Silver5.14%
Steel0.74%
Copper-2.02%
Aluminum-2.29%
Diversified Metals and Mining-2.69%
Precious Metals and Minerals-4.39%
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 20.9% 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 60% over the next 5 years.
  • This is better than its past earnings growth rate of 9.4% per year.
  • In contrast, the Aluminum industry is expected to see its earnings grow by 10% 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
AU AngloGold AshantiUS$79.397.1%
+US$2.7b		219.9%PE17.8x
NUE NucorUS$147.783.6%
+US$1.1b		0.4%PE20.5x
CLF Cleveland-CliffsUS$10.734.0%
+US$1.0b		-4.5%PS0.3x
STLD Steel DynamicsUS$155.412.0%
+US$435.2m		10.5%PE20.1x
SIM Grupo Simec. deUS$30.092.8%
+US$127.4m		11.4%PE31.7x

Latest News

TMC
US$5.08
TMC the metals
7D
-14.0%
1Y
430.5%
NUE
US$147.78
Nucor
7D
3.6%
1Y
0.4%
CENX
US$28.78
Century Aluminum
7D
-10.9%
1Y
29.4%

CENX: Aluminum Price Strength and 50% Tariff Support Will Drive Upside Momentum

Century Aluminum's analyst price target has been increased from $30.67 to $36.00. Analysts point to stronger-than-expected aluminum prices and favorable tariff impacts as key factors behind the upward revision.
USAR
US$14.49
USA Rare Earth
7D
-15.9%
1Y
35.2%
FCX
US$40.16
Freeport-McMoRan
7D
-1.9%
1Y
-7.8%
AU
US$79.39
AngloGold Ashanti
7D
7.1%
1Y
219.9%
CLF
US$10.73
Cleveland-Cliffs
7D
4.0%
1Y
-4.5%
STLD
US$155.41
Steel Dynamics
7D
2.0%
1Y
10.5%
TX
US$36.33
Ternium
7D
1.5%
1Y
6.0%

TX: Revenue Strength And Margin Pressure Will Shape Fair Valuation Outlook

Analysts have modestly raised their price target for Ternium from $35.65 to $35.96. They cite improved revenue growth forecasts, even though a slightly lower profit margin is anticipated.
AEM
US$168.11
Agnico Eagle Mines
7D
0.1%
1Y
110.2%

AEM: Precious Metals Rally And Geopolitical Uncertainty Will Drive Stronger Returns

Analysts have raised their price targets for Agnico Eagle Mines significantly. New targets have climbed from previous estimates by as much as $69, citing factors such as strong precious metals rallies, ongoing geopolitical uncertainty, and positive trends in capital returns and M&A activity across the gold sector.
MP
US$58.64
MP Materials
7D
-8.6%
1Y
219.6%
NEM
US$87.80
Newmont
7D
-0.5%
1Y
107.3%

NEM: Shares Will Benefit From Rising Gold Price Outlook And Sector Upside

Newmont's fair value estimate has been raised from $101.0 to $103.4 per share, as analysts cite sector-wide price target increases and a more favorable outlook for gold prices. Analyst Commentary Recent analyst activity for Newmont highlights an increasingly positive outlook for the company.
SCCO
US$130.69
Southern Copper
7D
-5.5%
1Y
33.0%
AA
US$37.59
Alcoa
7D
-3.1%
1Y
-14.5%

AA: Future Investments and Facility Upgrades Will Drive Shareholder Value

Analysts have raised their price target for Alcoa slightly. The new target is $39.63, up from $39.21.
HYMC
US$9.06
Hycroft Mining Holding
7D
15.0%
1Y
269.8%
SIM
US$30.09
Grupo Simec. de
7D
2.8%
1Y
11.4%