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South African (JSE) Gold Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies3
  • 7D-3.9%
  • 3M14.1%
  • 1Y125.7%
  • YTDn/a

Over the last 7 days, the Gold industry has dropped 3.9%, driven by pullbacks from every company within the industry. In the past year, the industry has gained 126%. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Nov 2025R776.7bR187.8bR47.1b15.4x16.5x4.1x
Wed, 22 Oct 2025R893.3bR187.9bR47.1b16.3x19x4.8x
Fri, 19 Sep 2025R742.5bR187.6bR47.0b14.5x15.8x4x
Sun, 17 Aug 2025R641.0bR158.6bR32.4b18.8x19.8x4x
Tue, 15 Jul 2025R547.2bR160.3bR32.8b16.3x16.7x3.4x
Thu, 12 Jun 2025R542.9bR159.4bR32.6b16.2x16.7x3.4x
Sat, 10 May 2025R541.1bR161.9bR33.2b16.4x16.3x3.3x
Mon, 07 Apr 2025R503.7bR166.5bR34.3b14.7x14.7x3x
Wed, 05 Mar 2025R424.8bR158.0bR31.7b13.4x13.4x2.7x
Fri, 31 Jan 2025R409.7bR141.9bR21.0b19.1x19.5x2.9x
Sun, 29 Dec 2024R321.5bR142.8bR21.1b14.6x15.2x2.3x
Tue, 26 Nov 2024R343.7bR140.2bR20.7b15.9x16.6x2.5x
Thu, 24 Oct 2024R415.0bR138.9bR20.5b19.5x20.2x3x
Sat, 21 Sep 2024R347.1bR137.5bR20.3b16.5x17.1x2.5x
Mon, 19 Aug 2024R376.4bR137.8bR21.8b16.6x17.3x2.7x
Wed, 17 Jul 2024R395.1bR138.6bR21.9b17.3x18x2.8x
Fri, 14 Jun 2024R358.1bR140.4bR22.2b14.1x16.1x2.6x
Sun, 12 May 2024R389.4bR140.4bR22.2b16.6x17.6x2.8x
Tue, 09 Apr 2024R394.3bR141.3bR22.3b16.6x17.7x2.8x
Thu, 07 Mar 2024R336.4bR142.2bR22.5b13.9x15x2.4x
Sat, 03 Feb 2024R322.5bR130.9bR17.3b17.7x18.7x2.5x
Mon, 01 Jan 2024R322.4bR128.3bR16.9b18x19.1x2.5x
Wed, 29 Nov 2023R314.7bR129.6bR17.1b17.3x18.4x2.4x
Fri, 27 Oct 2023R288.8bR131.3bR17.3b15.1x16.7x2.2x
Sun, 24 Sep 2023R400.3bR215.2bR17.9b16.6x22.4x1.9x
Tue, 22 Aug 2023R366.9bR212.0bR12.6b94x29x1.7x
Thu, 20 Jul 2023R480.2bR201.1bR15.5b36.1x31x2.4x
Sat, 17 Jun 2023R487.8bR203.8bR17.7b27x27.5x2.4x
Mon, 15 May 2023R538.7bR213.7bR18.9b27.8x28.6x2.5x
Wed, 12 Apr 2023R506.2bR205.5bR17.9b28.5x28.3x2.5x
Fri, 10 Mar 2023R318.8bR206.8bR18.1b17.8x17.6x1.5x
Sun, 05 Feb 2023R361.0bR194.1bR24.6b13.1x14.7x1.9x
Tue, 03 Jan 2023R331.2bR189.9bR23.9b12.3x13.9x1.7x
Thu, 01 Dec 2022R335.1bR189.7bR23.9b12.2x14x1.8x
Price to Earnings Ratio

14x


Total Market Cap: R335.1bTotal Earnings: R23.9bTotal Revenue: R189.7bTotal 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 Market-2.25%
Materials-3.35%
Metals and Mining-3.26%
Gold-3.92%
Aluminum-0.80%
Precious Metals and Minerals-2.52%
Steel-2.83%
Diversified Metals and Mining-4.16%
Copper-15.63%
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

HAR
R292.53
Harmony Gold Mining
7D
-0.9%
1Y
74.7%

HAR: Dividend Payout And Strong 2026 Production Guidance Will Drive Upside

Analysts have slightly increased their price target for Harmony Gold Mining from $336.67 to $337.50. They cite modest improvements in projected revenue growth and discount rates as the reasons for this adjustment.
GFI
R664.31
Gold Fields
7D
-4.8%
1Y
147.8%

GFI: Sector Momentum Will Drive Medium-Term Upside From Australian Mine Acquisition

Analysts have raised their price target for Gold Fields, increasing the fair value estimate from $789.23 to $806.94. They cited ongoing sector momentum, resilient precious metal prices, and positive outlooks for the company’s upcoming projects.
RNG
R0.60
Randgold & Exploration
7D
-10.4%
1Y
-17.8%