NYSE:UR News 30 January 2026

January 30, 2026, 12:06 AM EST. Sumitomo Metal Mining (TSE:5713) shares soared 9.45% to a record high following a new mineral resource estimate for its Regnault gold deposit in Canada, boosting its 30-day gain to 55.03% and 1-year shareholder return to 183.81%. Despite this rally, the stock trades at a high price-to-earnings (P/E) ratio of 111.4x, well above the industry average of 14.1x and peer average of 31.9x, suggesting potential overvaluation. Analysts question if the market is pricing in future growth amid modest 0.9% annual revenue growth. A discounted cash flow (DCF) model forecasts a fair value at roughly ¥5,337 versus the current ¥9,855 share price, highlighting significant optimism in the market. Investors should weigh valuation risks against growth prospects amid strong sector momentum.