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South African (JSE) Gold Industry Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies3
  • 7D-0.6%
  • 3M21.9%
  • 1Y117.9%
  • YTDn/a

Last week, the Gold industry hasn't moved much but Randgold & Exploration is up 27% in that time. As for the the longer term, the industry is up 118% over the past 12 months. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026R979.8bR178.4bR44.4b20.1x22.1x5.5x
Wed, 14 Jan 2026R967.6bR181.6bR45.3b20x21.4x5.3x
Fri, 12 Dec 2025R866.7bR184.3bR46.1b17.7x18.8x4.7x
Sun, 09 Nov 2025R779.3bR187.2bR46.9b15.4x16.6x4.2x
Tue, 07 Oct 2025R858.1bR186.5bR46.7b17.2x18.4x4.6x
Thu, 04 Sep 2025R721.6bR189.7bR47.6b14.2x15.1x3.8x
Sat, 02 Aug 2025R572.7bR161.0bR33.0b16.8x17.4x3.6x
Mon, 30 Jun 2025R510.2bR159.9bR32.7b15.2x15.6x3.2x
Wed, 28 May 2025R517.5bR160.5bR32.9b15.6x15.7x3.2x
Fri, 25 Apr 2025R562.0bR164.9bR33.9b16.9x16.6x3.4x
Sun, 23 Mar 2025R505.9bR161.9bR33.2b14.9x15.2x3.1x
Tue, 18 Feb 2025R434.9bR141.6bR20.9b19.9x20.8x3.1x
Thu, 16 Jan 2025R371.0bR143.3bR21.2b16.8x17.5x2.6x
Sat, 14 Dec 2024R333.4bR139.3bR20.6b15.6x16.2x2.4x
Mon, 11 Nov 2024R358.2bR138.1bR20.4b16.9x17.6x2.6x
Wed, 09 Oct 2024R338.9bR138.0bR20.4b16x16.6x2.5x
Fri, 06 Sep 2024R317.6bR134.6bR20.8b14.8x15.3x2.4x
Sun, 04 Aug 2024R377.3bR139.6bR22.1b16.2x17.1x2.7x
Tue, 02 Jul 2024R347.3bR140.1bR22.1b15x15.7x2.5x
Thu, 30 May 2024R373.7bR139.7bR22.1b16.1x16.9x2.7x
Sat, 27 Apr 2024R398.0bR142.1bR22.5b16.7x17.7x2.8x
Mon, 25 Mar 2024R348.7bR143.0bR22.6b14.5x15.4x2.4x
Wed, 21 Feb 2024R302.0bR131.0bR17.3b16.4x17.5x2.3x
Fri, 19 Jan 2024R278.5bR131.1bR17.3b15.3x16.1x2.1x
Sun, 17 Dec 2023R342.7bR128.3bR16.9b18.6x20.3x2.7x
Tue, 14 Nov 2023R264.9bR130.1bR17.1b14.3x15.5x2x
Thu, 12 Oct 2023R270.4bR130.6bR17.2b14.3x15.7x2.1x
Sat, 09 Sep 2023R397.5bR218.5bR18.2b16.9x21.9x1.8x
Mon, 07 Aug 2023R411.6bR206.2bR16.0b29.8x25.7x2x
Wed, 05 Jul 2023R447.7bR207.7bR16.1b32.7x27.7x2.2x
Fri, 02 Jun 2023R540.1bR216.2bR19.1b27.6x28.2x2.5x
Sun, 30 Apr 2023R512.0bR204.7bR17.8b28.6x28.7x2.5x
Tue, 28 Mar 2023R424.9bR205.1bR17.9b23.6x23.8x2.1x
Thu, 23 Feb 2023R319.4bR205.6bR20.9b16.6x15.3x1.6x
Price to Earnings Ratio

15.3x


Total Market Cap: R319.4bTotal Earnings: R20.9bTotal Revenue: R205.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Gold Industry Price to Earnings3Y Average 19x202420252026
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 28% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.6% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

How does South African Gold compare with similar industries?

ZA Market0.26%
Materials0.37%
Metals and Mining0.018%
Gold-0.63%
Copper4.00%
Precious Metals and Minerals1.28%
Aluminum-3.18%
Steel-3.32%
Diversified Metals and Mining-3.41%
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
RNG Randgold & ExplorationR0.9926.9%
+R15.0m		32.0%PB1.5x

Latest News

GFI
R864.13
Gold Fields
7D
-0.4%
1Y
152.5%

GFI: Higher Gold Price Framework And Capital Returns Will Support Re Rating

Analysts have nudged their price targets on Gold Fields higher, with recent changes such as Citi moving to $57 from $50 and Scotiabank adding $14. These adjustments reflect updated views on gold price assumptions, reinvestment plans and capital returns.
HAR
R331.40
Harmony Gold Mining
7D
-2.3%
1Y
59.8%

HAR: Eva Copper Project Approval Will Underpin A More Optimistic Outlook

Analysts have adjusted their fair value estimate for Harmony Gold Mining from $320 to $515, citing updated assumptions for revenue growth, profit margins, and future P/E levels as key drivers of the new price target. What's in the News Harmony Gold Mining approved the high margin, long life Eva Copper Project after completing a three year feasibility study update and FEED phase with Tier 1 contractors.
RNG
R0.99
Randgold & Exploration
7D
26.9%
1Y
32.0%