Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Gold Industry Analysis

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies3
  • 7D3.4%
  • 3M27.4%
  • 1Y149.5%
  • YTDn/a

Over the last 7 days, the Gold industry has risen 3.4%, driven by gains from Harmony Gold Mining of 0.2%. In the last 12 months, the industry was up 149%. Looking forward, earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

Has the South African Gold Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Nov 2025R815.0bR186.2bR46.6b16.2x17.5x4.4x
Wed, 15 Oct 2025R886.9bR187.8bR47.1b17.7x18.8x4.7x
Fri, 12 Sep 2025R742.4bR187.7bR47.1b14.6x15.8x4x
Sun, 10 Aug 2025R676.2bR159.4bR32.6b19.7x20.7x4.2x
Tue, 08 Jul 2025R545.9bR159.9bR32.7b16.3x16.7x3.4x
Thu, 05 Jun 2025R567.4bR159.9bR32.7b17x17.3x3.5x
Sat, 03 May 2025R528.3bR162.9bR33.4b16x15.8x3.2x
Mon, 31 Mar 2025R523.8bR163.0bR33.5b15.5x15.6x3.2x
Wed, 26 Feb 2025R439.7bR157.3bR31.5b14.2x13.9x2.8x
Fri, 24 Jan 2025R389.2bR142.0bR21.0b17.8x18.6x2.7x
Sun, 22 Dec 2024R328.0bR141.2bR20.9b15.1x15.7x2.3x
Tue, 19 Nov 2024R337.0bR140.8bR20.8b15.6x16.2x2.4x
Thu, 17 Oct 2024R374.7bR138.3bR20.4b17.7x18.4x2.7x
Sat, 14 Sep 2024R332.9bR138.7bR20.5b15.7x16.3x2.4x
Mon, 12 Aug 2024R368.6bR139.9bR22.1b15.9x16.7x2.6x
Wed, 10 Jul 2024R365.0bR139.1bR22.0b15.9x16.6x2.6x
Fri, 07 Jun 2024R372.2bR142.5bR22.5b15.7x16.5x2.6x
Sun, 05 May 2024R368.3bR140.7bR22.2b15.6x16.6x2.6x
Tue, 02 Apr 2024R369.5bR142.3bR22.5b15.5x16.4x2.6x
Thu, 29 Feb 2024R280.4bR136.0bR18.7b14.6x15x2.1x
Sat, 27 Jan 2024R315.2bR130.4bR17.2b17.5x18.3x2.4x
Mon, 25 Dec 2023R339.9bR129.2bR17.0b18.5x20x2.6x
Wed, 22 Nov 2023R287.8bR129.4bR17.0b16x16.9x2.2x
Fri, 20 Oct 2023R293.1bR131.5bR17.4b15.3x16.9x2.2x
Sun, 17 Sep 2023R405.2bR217.2bR18.0b16.8x22.5x1.9x
Tue, 15 Aug 2023R408.3bR211.8bR13.7b103.6x29.9x1.9x
Thu, 13 Jul 2023R455.0bR202.8bR15.6b33.8x29.1x2.2x
Sat, 10 Jun 2023R504.0bR208.5bR18.3b26.9x27.6x2.4x
Mon, 08 May 2023R543.2bR205.6bR17.9b30.1x30.3x2.6x
Wed, 05 Apr 2023R464.0bR201.6bR17.5b26.7x26.6x2.3x
Fri, 03 Mar 2023R314.9bR202.7bR17.3b17.9x18.2x1.6x
Sun, 29 Jan 2023R375.9bR191.8bR24.2b13.8x15.5x2x
Tue, 27 Dec 2022R345.3bR190.0bR23.9b12.8x14.4x1.8x
Thu, 24 Nov 2022R335.0bR190.1bR23.9b12.3x14x1.8x
Price to Earnings Ratio

14x


Total Market Cap: R335.0bTotal Earnings: R23.9bTotal Revenue: R190.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Gold Industry Price to Earnings3Y Average 18.6x202320242025
Current Industry PE
    There are only 3 companies in the South African Gold industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 25% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does South African Gold compare with similar industries?

ZA Market1.28%
Materials1.22%
Metals and Mining1.08%
Gold3.38%
Steel-0.77%
Precious Metals and Minerals-0.97%
Diversified Metals and Mining-2.46%
Aluminum-2.80%
Copper-7.25%
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?

CompanyLast Price7D1YValuation
HAR Harmony Gold MiningR299.600.2%
+R379.8m		78.8%PE13x

Latest News

HAR
R299.60
Harmony Gold Mining
7D
0.2%
1Y
78.8%
GFI
R702.12
Gold Fields
7D
-0.4%
1Y
169.6%

GFI: Windfall Progress Will Drive Medium-Term Upside Following Australian Mine Deal

Analysts have raised Gold Fields' fair value estimate by approximately $85 to $789, citing updated forecasts for improved profit margins, revenue growth, as well as a supportive outlook for gold prices and capital returns. Analyst Commentary Recent Street research on Gold Fields highlights both optimism and caution among analysts regarding the company’s future prospects, as reflected in recent ratings and price target adjustments.