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South African (JSE) Metals and Mining Industry Analysis
UpdatedSep 21, 2025
DataAggregated Company Financials
Companies17
- 7D5.6%
- 3M33.7%
- 1Y88.6%
- YTD98.3%
The Metals and Mining industry is up 5.6% in the last week, with Gold Fields up 5.7%. This means that the industry has gained 89% over the past year. Looking forward, earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the South African Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 21 Sep 2025 | R1.6t | R670.8b | R56.5b | 19x | 28.3x | 2.4x |
| Tue, 19 Aug 2025 | R1.3t | R639.1b | R24.4b | 10.9x | 55.3x | 2.1x |
| Thu, 17 Jul 2025 | R1.3t | R657.1b | R30.6b | 7.4x | 41x | 1.9x |
| Sat, 14 Jun 2025 | R1.2t | R657.6b | R30.8b | 7.7x | 38.8x | 1.8x |
| Mon, 12 May 2025 | R1.1t | R661.2b | R31.8b | 6.7x | 33.7x | 1.6x |
| Wed, 09 Apr 2025 | R1.0t | R671.2b | R35.0b | 6.5x | 28.9x | 1.5x |
| Fri, 07 Mar 2025 | R970.3b | R661.5b | R33.3b | 9.3x | 29.1x | 1.5x |
| Sun, 02 Feb 2025 | R959.7b | R662.1b | -R12,804,531,943.42 | 10.1x | -74.9x | 1.4x |
| Tue, 31 Dec 2024 | R772.4b | R662.9b | -R12,701,516,676.76 | 9.3x | -60.8x | 1.2x |
| Thu, 28 Nov 2024 | R846.6b | R658.7b | -R13,344,763,545.04 | 10x | -63.4x | 1.3x |
| Sat, 26 Oct 2024 | R997.9b | R655.8b | -R13,736,455,440.59 | 11.5x | -72.6x | 1.5x |
| Mon, 23 Sep 2024 | R849.0b | R655.1b | -R14,941,592,618.23 | 11.4x | -56.8x | 1.3x |
| Wed, 21 Aug 2024 | R949.2b | R670.9b | R8.4b | 5.7x | 113.5x | 1.4x |
| Fri, 19 Jul 2024 | R941.6b | R689.0b | R13.8b | 5.9x | 68.1x | 1.4x |
| Sun, 16 Jun 2024 | R846.9b | R689.7b | R13.9b | 6.3x | 60.8x | 1.2x |
| Tue, 14 May 2024 | R1.0t | R688.9b | R14.2b | 7.4x | 72.4x | 1.5x |
| Thu, 11 Apr 2024 | R1.0t | R691.2b | R14.5b | 6.9x | 70.9x | 1.5x |
| Sat, 09 Mar 2024 | R926.3b | R693.8b | R17.1b | 6x | 54.3x | 1.3x |
| Mon, 05 Feb 2024 | R982.5b | R732.5b | R93.1b | 7.4x | 10.5x | 1.3x |
| Wed, 03 Jan 2024 | R1.1t | R730.5b | R92.9b | 8.2x | 11.3x | 1.4x |
| Fri, 01 Dec 2023 | R993.8b | R733.0b | R93.8b | 7.6x | 10.6x | 1.4x |
| Sun, 29 Oct 2023 | R873.9b | R732.8b | R93.8b | 7x | 9.3x | 1.2x |
| Tue, 26 Sep 2023 | R1.0t | R817.3b | R95.3b | 9.1x | 10.9x | 1.3x |
| Thu, 24 Aug 2023 | R1.0t | R838.1b | R137.0b | 4.5x | 7.4x | 1.2x |
| Sat, 22 Jul 2023 | R1.2t | R860.5b | R166.6b | 4.5x | 7.3x | 1.4x |
| Mon, 19 Jun 2023 | R1.3t | R870.7b | R175.4b | 4.8x | 7.6x | 1.5x |
| Wed, 17 May 2023 | R1.4t | R891.7b | R183.0b | 4.9x | 7.7x | 1.6x |
| Fri, 14 Apr 2023 | R1.4t | R862.1b | R169.5b | 5.1x | 8.2x | 1.6x |
| Sun, 12 Mar 2023 | R1.2t | R858.7b | R167.9b | 4.6x | 7x | 1.4x |
| Tue, 07 Feb 2023 | R1.4t | R896.4b | R198.2b | 5.4x | 6.8x | 1.5x |
| Thu, 05 Jan 2023 | R1.4t | R887.9b | R196.5b | 5.6x | 7.2x | 1.6x |
| Sat, 03 Dec 2022 | R1.4t | R892.6b | R197.2b | 5.5x | 7.3x | 1.6x |
| Mon, 31 Oct 2022 | R1.2t | R899.3b | R198.3b | 5x | 6.2x | 1.4x |
| Wed, 28 Sep 2022 | R1.1t | R896.1b | R198.0b | 4.9x | 5.5x | 1.2x |
Price to Earnings Ratio
5.5x
Current Industry PE
- Investors are pessimistic on the South African Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.3x which is lower than its 3-year average PE of 35.1x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 34% per year over the last three years,
- Revenues have also declined 9.2% 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 South African Materials industry?
| ZA Market | 1.75% | |
| Materials | 4.68% | |
| Metals and Mining | 5.57% | |
| Copper | 14.04% | |
| Precious Metals and Minerals | 6.45% | |
| Gold | 5.71% | |
| Steel | 1.64% | |
| Diversified Metals and Mining | -0.77% | |
| Aluminum | -7.41% | |
Industry PE
- Investors are most optimistic about the Aluminum industry which is trading above its 3-year average PE ratio of 4.6x.
- Analysts are expecting annual earnings growth of 69.3%, which is higher than its past year's earnings decline of 95.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 69% over the next 5 years.
- This is better than its past earnings decline of 95% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 7.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GFI Gold Fields | R691.33 | 5.7% +R33.3b | 162.5% | PE19x | |
| VAL Valterra Platinum | R1.04k | 7.6% +R19.3b | 72.2% | PE206.6x | |
| HAR Harmony Gold Mining | R279.22 | 5.8% +R9.5b | 55.6% | PE12.1x | |
| IMP Impala Platinum Holdings | R194.30 | 5.6% +R9.2b | 100.6% | PE229x | |
| SSW Sibanye Stillwater | R40.67 | 6.4% +R6.9b | 124.7% | PS1x |
