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South African (JSE) Gold Industry Analysis

UpdatedMay 19, 2026
DataAggregated Company Financials
Companies3
  • 7D-6.9%
  • 3M-18.7%
  • 1Y49.9%
  • YTDn/a

Over the last 7 days, the Gold industry has dropped 8.1%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 58%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 May 2026R779.5bR226.3bR75.4b10.4x10.3x3.4x
Thu, 16 Apr 2026R884.1bR224.3bR74.6b11.5x11.8x3.9x
Sat, 14 Mar 2026R859.0bR229.4bR76.7b10.7x11.2x3.7x
Mon, 09 Feb 2026R980.6bR179.0bR44.5b20x22x5.5x
Wed, 07 Jan 2026R892.7bR181.3bR45.2b18.5x19.7x4.9x
Fri, 05 Dec 2025R819.4bR185.3bR46.4b16.6x17.7x4.4x
Sun, 02 Nov 2025R788.2bR187.5bR47.0b15.6x16.8x4.2x
Tue, 30 Sep 2025R837.0bR187.1bR46.9b16.7x17.9x4.5x
Thu, 28 Aug 2025R683.9bR183.0bR43.8b15.4x15.6x3.7x
Sat, 26 Jul 2025R542.5bR159.5bR32.6b16.1x16.6x3.4x
Mon, 23 Jun 2025R551.9bR160.7bR32.9b16.3x16.8x3.4x
Wed, 21 May 2025R519.2bR160.3bR32.8b15.9x15.8x3.2x
Fri, 18 Apr 2025R608.4bR165.0bR33.9b18.3x17.9x3.7x
Sun, 16 Mar 2025R469.0bR161.7bR33.1b13.9x14.2x2.9x
Tue, 11 Feb 2025R462.3bR141.8bR20.9b21.2x22.1x3.3x
Thu, 09 Jan 2025R343.0bR143.7bR21.2b15.4x16.2x2.4x
Sat, 07 Dec 2024R324.9bR139.9bR20.6b15.1x15.7x2.3x
Mon, 04 Nov 2024R376.6bR138.3bR20.4b17.8x18.4x2.7x
Wed, 02 Oct 2024R367.2bR137.2bR20.2b17.5x18.2x2.7x
Fri, 30 Aug 2024R342.6bR134.8bR20.8b16x16.5x2.5x
Sun, 28 Jul 2024R370.5bR139.8bR22.1b15.9x16.8x2.7x
Tue, 25 Jun 2024R347.0bR139.1bR22.0b15.1x15.8x2.5x
Thu, 23 May 2024R379.6bR139.7bR22.1b16.4x17.2x2.7x
Sat, 20 Apr 2024R412.4bR143.6bR22.7b17.1x18.2x2.9x
Mon, 18 Mar 2024R330.9bR141.9bR22.4b13.9x14.7x2.3x
Wed, 14 Feb 2024R291.8bR131.9bR17.4b15.8x16.8x2.2x
Fri, 12 Jan 2024R279.3bR129.8bR17.1b15.5x16.3x2.2x
Sun, 10 Dec 2023R309.5bR131.2bR17.3b16.8x17.9x2.4x
Tue, 07 Nov 2023R284.6bR128.3bR16.9b15.3x16.9x2.2x
Thu, 05 Oct 2023R218.1bR132.2bR17.5b11.8x12.5x1.7x
Sat, 02 Sep 2023R398.9bR215.8bR17.9b17.4x22.2x1.8x
Mon, 31 Jul 2023R451.6bR198.3bR15.2b34.5x29.8x2.3x
Wed, 28 Jun 2023R462.1bR205.6bR15.9b33.3x29x2.2x
Fri, 26 May 2023R506.7bR213.0bR18.8b26.3x27x2.4x
Price to Earnings Ratio

27x


Total Market Cap: R506.7bTotal Earnings: R18.8bTotal Revenue: R213.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Gold Industry Price to Earnings3Y Average 18x202420252026
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 59% per year over the last three years.
  • Revenues for these companies have grown 2.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does South African Gold compare with similar industries?

ZA Market-1.35%
Materials-6.35%
Metals and Mining-7.04%
Gold-6.91%
Steel-3.26%
Aluminum-7.03%
Precious Metals and Minerals-7.43%
Copper-9.09%
Diversified Metals and Mining-9.81%
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
No data available

Latest News

GFI
R679.23
Gold Fields
7D
-7.2%
1Y
74.0%
Narrative Update • May 03

GFI: Higher Gold Price Assumptions And Dividend Payouts Will Support Re Rating

Gold Fields' analyst fair value estimate has shifted from ZAR1,100.00 to ZAR1,263.00 as analysts factor in updated gold price assumptions, changes in long term growth and profitability forecasts, and refreshed P/E expectations reflected in recent research updates. Analyst Commentary Recent research points to a constructive tone around Gold Fields, with several bullish analysts revisiting their assumptions on gold prices, long term profitability, and valuation multiples.
HAR
R274.50
Harmony Gold Mining
7D
-5.9%
1Y
0.6%
Narrative Update • Apr 29

HAR: Dividend Strength And Steady Guidance Will Support Further Share Upside

Analysts have reiterated their ZAR fair value estimate for Harmony Gold Mining while fine tuning their inputs, including a slightly higher discount rate, modestly stronger revenue growth and profit margin assumptions, and a marginally lower future P/E. Together, these adjustments leave the overall price target in ZAR terms unchanged.
RNG
R1.03
Randgold & Exploration
7D
-7.2%
1Y
35.5%