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South African (JSE) Gold Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies3
  • 7D12.1%
  • 3M4.8%
  • 1Y60.2%
  • YTDn/a

Over the last 7 days, the Gold industry has risen 12%, driven by gains from Gold Fields of 12%. This means that the industry has gained 63% over the past year. Earnings are forecast to grow by 9.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026R887.2bR229.4bR76.7b11.2x11.6x3.9x
Sun, 01 Mar 2026R1.1tR213.2bR71.2b15.1x14.8x4.9x
Tue, 27 Jan 2026R1.1tR178.5bR44.4b22.2x24.1x6x
Thu, 25 Dec 2025R916.9bR183.0bR45.7b18.9x20.1x5x
Sat, 22 Nov 2025R776.7bR187.8bR47.1b15.4x16.5x4.1x
Mon, 20 Oct 2025R889.5bR187.7bR47.0b17.8x18.9x4.7x
Wed, 17 Sep 2025R757.9bR187.6bR47.0b14.8x16.1x4x
Fri, 15 Aug 2025R643.7bR158.7bR32.4b18.9x19.9x4.1x
Sun, 13 Jul 2025R549.3bR160.4bR32.9b16.4x16.7x3.4x
Tue, 10 Jun 2025R554.4bR159.2bR32.6b16.6x17x3.5x
Thu, 08 May 2025R560.3bR162.2bR33.3b17x16.8x3.5x
Sat, 05 Apr 2025R503.7bR166.5bR34.3b14.7x14.7x3x
Mon, 03 Mar 2025R403.8bR158.7bR31.9b12.8x12.7x2.5x
Wed, 29 Jan 2025R399.2bR142.9bR21.1b18.1x18.9x2.8x
Fri, 27 Dec 2024R324.6bR143.7bR21.2b14.6x15.3x2.3x
Sun, 24 Nov 2024R363.4bR140.4bR20.7b16.8x17.5x2.6x
Tue, 22 Oct 2024R421.8bR138.1bR20.4b19.9x20.7x3.1x
Thu, 19 Sep 2024R337.0bR137.9bR20.3b16x16.6x2.4x
Sat, 17 Aug 2024R376.4bR137.8bR21.8b16.6x17.3x2.7x
Mon, 15 Jul 2024R371.2bR138.3bR21.9b16.2x17x2.7x
Wed, 12 Jun 2024R349.8bR141.1bR22.3b14.8x15.7x2.5x
Fri, 10 May 2024R376.6bR140.5bR22.2b16.1x17x2.7x
Sun, 07 Apr 2024R389.0bR141.5bR22.4b16.4x17.4x2.7x
Tue, 05 Mar 2024R313.2bR143.1bR22.6b12.9x13.8x2.2x
Thu, 01 Feb 2024R321.0bR130.1bR17.1b17.6x18.7x2.5x
Sat, 30 Dec 2023R322.4bR129.0bR17.0b17.9x19x2.5x
Mon, 27 Nov 2023R293.3bR130.5bR17.2b16.1x17x2.2x
Wed, 25 Oct 2023R290.4bR131.7bR17.4b15x16.7x2.2x
Fri, 22 Sep 2023R399.9bR216.9bR18.0b16.4x22.2x1.8x
Sun, 20 Aug 2023R366.9bR211.9bR12.6b94.8x29x1.7x
Tue, 18 Jul 2023R469.6bR202.1bR15.6b35x30.2x2.3x
Thu, 15 Jun 2023R493.3bR204.9bR17.8b27x27.6x2.4x
Sat, 13 May 2023R538.7bR213.8bR18.9b27.8x28.5x2.5x
Mon, 10 Apr 2023R492.8bR204.1bR17.8b28x27.8x2.4x
Price to Earnings Ratio

27.8x


Total Market Cap: R492.8bTotal Earnings: R17.8bTotal Revenue: R204.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Gold Industry Price to Earnings3Y Average 18.7x202420252026
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 63% per year over the last three years.
  • Revenues for these companies have grown 3.9% 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 Market1.79%
Materials8.68%
Metals and Mining10.12%
Gold12.05%
Precious Metals and Minerals9.10%
Diversified Metals and Mining7.97%
Aluminum5.56%
Steel4.38%
Copper3.08%
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 FieldsR800.5812.3%
+R78.6b		88.2%PE11.9x
HAR Harmony Gold MiningR273.0711.0%
+R16.9b		-1.4%PE10.5x

Latest News

GFI
R800.58
Gold Fields
7D
12.3%
1Y
88.2%
HAR
R273.07
Harmony Gold Mining
7D
11.0%
1Y
-1.4%

HAR: Earnings Guidance And Dividend Payout Will Support Future Upside

Analysts have raised their ZAR price target for Harmony Gold Mining to ZAR500, citing slightly firmer long term revenue growth, profit margins, and a lower projected future P/E multiple that together support maintaining this fair value level. What's in the News Reported gold production of 724,099 oz (22,522 kg) for the six months ended 31 December 2025, compared with 797,854 oz (24,816 kg) a year earlier, with a 9% decline linked to temporary challenges in the second quarter of fiscal 2026 (Key Developments).
RNG
R1.02
Randgold & Exploration
7D
-2.9%
1Y
36.0%