Australian (ASX) Gold Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies177
- 7D-0.9%
- 3M-2.5%
- 1Y26.5%
- YTD5.6%
Over the last 7 days, the Gold industry has dropped 1.8%, driven by a pullback from Newcrest Mining of 3.9%. On the other hand Tietto Minerals is actually up 38%. In the past year, the industry has gained 25%. As for the next few years, earnings are expected to grow by 22% per annum.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | AU$70.6b | AU$23.0b | AU$1.4b | 22.4x | 51.9x | 3.1x |
| Thu, 28 Sep 2023 | AU$67.0b | AU$23.0b | AU$1.3b | 19.6x | 53x | 2.9x |
| Sat, 26 Aug 2023 | AU$67.8b | AU$22.5b | AU$1.1b | 16.5x | 62.9x | 3x |
| Mon, 24 Jul 2023 | AU$70.7b | AU$22.2b | AU$538.2m | 18.1x | 131.4x | 3.2x |
| Wed, 21 Jun 2023 | AU$71.0b | AU$22.2b | AU$554.3m | 17.2x | 128.1x | 3.2x |
| Fri, 19 May 2023 | AU$73.1b | AU$22.3b | AU$582.9m | 19x | 125.3x | 3.3x |
| Sun, 16 Apr 2023 | AU$79.7b | AU$22.3b | AU$575.7m | 18.6x | 138.5x | 3.6x |
| Tue, 14 Mar 2023 | AU$63.7b | AU$22.5b | AU$683.4m | 19.3x | 93.2x | 2.8x |
| Thu, 09 Feb 2023 | AU$68.1b | AU$20.7b | AU$1.1b | 19x | 59.5x | 3.3x |
| Sat, 07 Jan 2023 | AU$66.5b | AU$20.9b | AU$1.2b | 19.9x | 57.1x | 3.2x |
| Mon, 05 Dec 2022 | AU$63.2b | AU$20.9b | AU$1.2b | 16.4x | 53.3x | 3x |
| Wed, 02 Nov 2022 | AU$51.5b | AU$21.4b | AU$1.3b | 14.5x | 40.9x | 2.4x |
| Fri, 30 Sep 2022 | AU$47.0b | AU$21.3b | AU$1.4b | 8.5x | 34.7x | 2.2x |
| Sun, 28 Aug 2022 | AU$52.4b | AU$20.0b | AU$2.2b | 8.4x | 23.4x | 2.6x |
| Tue, 26 Jul 2022 | AU$51.7b | AU$19.2b | AU$2.2b | 8.1x | 24x | 2.7x |
| Thu, 23 Jun 2022 | AU$58.4b | AU$19.2b | AU$2.2b | 8.9x | 27x | 3x |
| Sat, 21 May 2022 | AU$66.1b | AU$19.1b | AU$2.2b | 11x | 29.8x | 3.5x |
| Mon, 18 Apr 2022 | AU$78.2b | AU$18.8b | AU$2.2b | 13x | 36.4x | 4.2x |
| Wed, 16 Mar 2022 | AU$71.3b | AU$18.5b | AU$2.2b | 11.2x | 32.6x | 3.9x |
| Fri, 11 Feb 2022 | AU$61.9b | AU$18.4b | AU$3.0b | 10.4x | 20.4x | 3.4x |
| Sun, 09 Jan 2022 | AU$63.6b | AU$18.5b | AU$3.0b | 10.7x | 20.9x | 3.4x |
| Tue, 07 Dec 2021 | AU$61.1b | AU$18.6b | AU$3.1b | 10.3x | 19.8x | 3.3x |
| Thu, 04 Nov 2021 | AU$60.1b | AU$18.2b | AU$3.0b | 10.5x | 20x | 3.3x |
| Sat, 02 Oct 2021 | AU$59.3b | AU$18.4b | AU$3.0b | 10.2x | 19.5x | 3.2x |
| Mon, 30 Aug 2021 | AU$63.1b | AU$18.0b | AU$3.1b | 10x | 20.1x | 3.5x |
| Tue, 06 Jul 2021 | AU$64.1b | AU$18.0b | AU$3.1b | 11x | 20.5x | 3.6x |
| Fri, 09 Apr 2021 | AU$59.3b | AU$17.5b | AU$3.0b | 10.4x | 19.8x | 3.4x |
| Thu, 31 Dec 2020 | AU$63.3b | AU$16.9b | AU$2.8b | 13.8x | 22.5x | 3.7x |
Price to Earnings Ratio
29.4x
Current Industry PE
- Investors are relatively neutral on the Australian Gold industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 51.5x.
- The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Gold industry have declined 16% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 Comparison
How does Australian Gold compare with similar industries?
| AU Market | -0.99% | |
| Materials | 2.87% | |
| Metals and Mining | 3.36% | |
| Gold | -0.94% | |
| Steel | 6.38% | |
| Diversified Metals and Mining | 3.61% | |
| Aluminum | 1.78% | |
| Copper | 0.91% | |
| Silver | 0% | |
| Precious Metals and Minerals | -0.91% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TIE Tietto Minerals | AU$0.56 | 37.8% +AU$174.8m | -19.3% | PB3.2x | |
| PRU Perseus Mining | AU$1.74 | 3.6% +AU$83.3m | -4.9% | PE5.6x | |
| OBM Ora Banda Mining | AU$0.16 | 39.1% +AU$77.0m | 110.5% | PS2x | |
| RRL Regis Resources | AU$1.74 | 5.5% +AU$68.0m | 13.8% | PS1.2x | |
| SLR Silver Lake Resources | AU$1.05 | 7.1% +AU$65.4m | -5.4% | PE31.8x |