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South African (JSE) Gold Industry Analysis

UpdatedAug 18, 2026
DataAggregated Company Financials
Companies3
  • 7D3.1%
  • 3M4.1%
  • 1Y26.2%
  • YTDn/a

Over the last 7 days, the Gold industry has dropped 1.9%, driven by Gold Fields declining 2.2%. On the other hand Randgold & Exploration is actually up 7.2%. This takes the industry's 12 month performance to a gain of 21%. 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, 18 Aug 2026R806.5bR223.1bR74.1b11.5x10.9x3.6x
Thu, 16 Jul 2026R633.5bR224.0bR74.5b8.9x8.5x2.8x
Sat, 13 Jun 2026R688.9bR223.7bR74.4b9.5x9.3x3.1x
Mon, 11 May 2026R840.5bR224.4bR74.7b11.2x11.3x3.7x
Wed, 08 Apr 2026R855.6bR228.2bR76.2b10.8x11.2x3.7x
Fri, 06 Mar 2026R939.1bR219.5bR73.7b13.3x12.7x4.3x
Sun, 01 Feb 2026R987.0bR179.8bR44.8b20.4x22x5.5x
Tue, 30 Dec 2025R873.8bR183.4bR45.8b17.9x19.1x4.8x
Thu, 27 Nov 2025R839.8bR186.0bR46.6b16.9x18x4.5x
Sat, 25 Oct 2025R822.6bR186.9bR46.8b16.4x17.6x4.4x
Mon, 22 Sep 2025R792.5bR187.5bR47.0b15.5x16.9x4.2x
Wed, 20 Aug 2025R638.6bR159.1bR32.5b18.6x19.6x4x
Fri, 18 Jul 2025R537.0bR159.8bR32.7b15.9x16.4x3.4x
Sun, 15 Jun 2025R570.1bR160.3bR32.8b16.9x17.4x3.6x
Tue, 13 May 2025R498.3bR162.2bR33.3b15.1x15x3.1x
Thu, 10 Apr 2025R549.0bR167.8bR34.6b16x15.9x3.3x
Sat, 08 Mar 2025R462.1bR162.0bR33.2b13.6x13.9x2.9x
Mon, 03 Feb 2025R422.3bR142.8bR21.1b19.3x20x3x
Wed, 01 Jan 2025R314.6bR143.5bR21.2b14.2x14.8x2.2x
Fri, 29 Nov 2024R332.9bR140.3bR20.7b15.5x16.1x2.4x
Sun, 27 Oct 2024R404.4bR138.5bR20.4b19.1x19.8x2.9x
Tue, 24 Sep 2024R347.1bR137.5bR20.3b16.5x17.1x2.5x
Thu, 22 Aug 2024R387.2bR137.7bR21.8b17.2x17.8x2.8x
Sat, 20 Jul 2024R380.9bR139.7bR22.1b16.5x17.3x2.7x
Mon, 17 Jun 2024R316.4bR140.2bR22.2b13.7x14.3x2.3x
Wed, 15 May 2024R384.3bR140.2bR22.2b16.4x17.3x2.7x
Fri, 12 Apr 2024R402.7bR141.7bR22.4b16.9x18x2.8x
Sun, 10 Mar 2024R339.6bR141.8bR22.4b14.1x15.2x2.4x
Tue, 06 Feb 2024R315.7bR131.6bR17.4b17.3x18.2x2.4x
Thu, 04 Jan 2024R297.3bR130.2bR17.2b16.4x17.3x2.3x
Sat, 02 Dec 2023R333.9bR129.7bR17.1b18.2x19.5x2.6x
Mon, 30 Oct 2023R282.4bR130.6bR17.2b14.8x16.4x2.2x
Wed, 27 Sep 2023R394.5bR217.9bR18.1b16x21.8x1.8x
Fri, 25 Aug 2023R393.9bR210.0bR12.5b101.8x31.6x1.9x
Price to Earnings Ratio

31.6x


Total Market Cap: R393.9bTotal Earnings: R12.5bTotal Revenue: R210.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Gold Industry Price to Earnings3Y Average 16.4x202420252026
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 82% per year over the last three years.
  • Revenues for these companies have grown 2.4% 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-0.84%
Materials1.72%
Metals and Mining2.04%
Gold3.06%
Aluminum3.41%
Precious Metals and Minerals2.00%
Copper0%0
Diversified Metals and Mining-0.24%
Steel-5.72%
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
GFI Gold FieldsR673.983.2%
+R18.7b		27.9%PE10.4x
HAR Harmony Gold MiningR325.582.6%
+R5.2b		21.4%PE12.5x
RNG Randgold & ExplorationR3.806.4%
+R16.5m		369.1%PB6.7x

Latest News

HAR
R325.58
Harmony Gold Mining
7D
2.6%
1Y
21.4%
Narrative Update • Aug 13

HAR: Updated Assumptions And Jelani JV Progress Will Shape Medium Term Outlook

Analysts have trimmed their fair value estimate for Harmony Gold Mining from ZAR390 to ZAR332.50, reflecting updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple. What’s in the News for Harmony Gold Mining Jelani Resources, the joint venture vehicle between Harmony Gold Mining subsidiaries and Lexington Gold, received formal confirmation from the Department of Mineral and Petroleum Resources that its Mining Right application for the Jelani JV Project has been accepted for processing under South African law.
GFI
R673.98
Gold Fields
7D
3.2%
1Y
27.9%
RNG
R3.80
Randgold & Exploration
7D
6.4%
1Y
369.1%