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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies6
  • 7D1.0%
  • 3M-10.0%
  • 1Y117.0%
  • YTDn/a

The Precious Metals and Minerals industry has been flat over the last week, but Gemfields Group has lost 5.2%. The past year has been better, since the industry has gained 117% in that time. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

Has the South African Precious Metals and Minerals Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026R954.3bR403.6bR28.4b21.1x33.7x2.4x
Fri, 13 Mar 2026R978.6bR404.3bR27.2b21.5x36x2.4x
Sun, 08 Feb 2026R952.2bR341.3b-R410,496,443.20185.8x-2319.6x2.8x
Tue, 06 Jan 2026R956.8bR341.6b-R419,958,163.60189.1x-2278.3x2.8x
Thu, 04 Dec 2025R784.8bR342.6b-R904,401,447.20157.3x-867.8x2.3x
Sat, 01 Nov 2025R698.3bR342.8b-R933,452,712.60142.7x-748.1x2x
Mon, 29 Sep 2025R775.6bR342.8b-R934,053,797.40158x-830.4x2.3x
Wed, 27 Aug 2025R564.6bR341.7b-R21,010,865,124.6030.2x-26.9x1.7x
Fri, 25 Jul 2025R629.4bR351.6b-R15,274,922,650.9020.7x-41.2x1.8x
Sun, 22 Jun 2025R480.1bR351.9b-R15,285,704,290.6016.4x-31.4x1.4x
Tue, 20 May 2025R382.5bR353.6b-R14,727,276,863.8012.8x-26x1.1x
Thu, 17 Apr 2025R439.2bR354.3b-R14,726,709,855.8015.5x-29.8x1.2x
Sat, 15 Mar 2025R384.5bR354.1b-R13,462,832,881.1014.2x-28.6x1.1x
Mon, 10 Feb 2025R359.4bR355.2b-R54,215,454,137.708.5x-6.6x1x
Wed, 08 Jan 2025R335.1bR355.5b-R54,196,100,823.008x-6.2x0.9x
Fri, 06 Dec 2024R346.7bR354.9b-R54,241,661,604.908.2x-6.4x1x
Sun, 03 Nov 2024R410.6bR353.9b-R54,519,482,107.2010x-7.5x1.2x
Tue, 01 Oct 2024R352.4bR353.5b-R55,631,239,650.4014x-6.3x1x
Thu, 29 Aug 2024R356.3bR369.3b-R35,741,464,449.409.7x-10x1x
Sat, 27 Jul 2024R383.7bR369.8b-R35,714,502,721.2010.2x-10.7x1x
Mon, 24 Jun 2024R361.0bR381.9b-R34,302,344,738.408.5x-10.5x0.9x
Wed, 22 May 2024R433.9bR381.4b-R34,049,688,131.009.2x-12.7x1.1x
Fri, 19 Apr 2024R429.0bR382.4b-R33,971,814,818.009.4x-12.6x1.1x
Sun, 17 Mar 2024R377.4bR382.8b-R34,388,431,187.508.4x-11x1x
Tue, 13 Feb 2024R346.7bR435.8bR52.5b6.8x6.6x0.8x
Thu, 11 Jan 2024R453.4bR449.4bR53.2b8.1x8.5x1x
Sat, 09 Dec 2023R420.2bR450.4bR53.9b8x7.8x0.9x
Mon, 06 Nov 2023R407.9bR449.7bR53.8b8.4x7.6x0.9x
Wed, 04 Oct 2023R432.5bR450.6bR53.9b8.6x8x1x
Fri, 01 Sep 2023R440.2bR465.0bR82.7b5.8x5.3x0.9x
Sun, 30 Jul 2023R552.9bR476.6bR99.6b4.7x5.6x1.2x
Tue, 27 Jun 2023R525.1bR498.6bR118.7b4.3x4.4x1.1x
Thu, 25 May 2023R643.2bR499.2bR118.8b4.9x5.4x1.3x
Sat, 22 Apr 2023R683.8bR498.0bR119.3b5.5x5.7x1.4x
Price to Earnings Ratio

5.7x


Total Market Cap: R683.8bTotal Earnings: R119.3bTotal Revenue: R498.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -249.3x202420252026
Current Industry PE
  • Investors are optimistic on the South African Precious Metals and Minerals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.7x which is higher than its 3-year average PE of -249x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Precious Metals and Minerals industry have declined 38% per year over the last three years,
  • Revenues have also declined 6.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does South African Precious Metals and Minerals compare with similar industries?

ZA Market-0.22%
Materials0.94%
Metals and Mining0.70%
Precious Metals and Minerals0.99%
Steel1.35%
Gold0.61%
Aluminum-0.52%
Diversified Metals and Mining-4.24%
Copper-7.25%
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
SSW Sibanye StillwaterR54.892.4%
+R3.6b		141.4%PS1.2x
VAL Valterra PlatinumR1.56k0.6%
+R2.3b		103.9%PE26.5x
THA TharisaR26.002.0%
+R148.1m		88.4%PE5.9x

Latest News

GML
R1.00
Gemfields Group
7D
-13.0%
1Y
-9.1%
IMP
R255.94
Impala Platinum Holdings
7D
-1.9%
1Y
100.9%

IMP: Future Returns Will Reflect Stronger Earnings Guidance And Recent Broker Upgrades

Analysts have trimmed their 12 month price target for Impala Platinum Holdings to about ZAR355 from roughly ZAR372, as higher discount rate assumptions offset slightly stronger views on revenue growth, profit margins and the future P/E multiple, with recent research upgrades cited as support for the updated outlook. Analyst Commentary Recent research has shifted more positively, with price target revisions and upgrades reflecting a mix of confidence in the business and caution around execution risks.
SSW
R54.89
Sibanye Stillwater
7D
2.4%
1Y
141.4%

SSW: Recent Bank Upgrades And Margin Delivery May Support Repricing

Analysts have reduced their ZAR fair value estimate for Sibanye Stillwater from ZAR103.00 to ZAR100.00, citing slightly higher discount rate assumptions, a modestly lower revenue growth outlook, and a lower future P/E multiple, partly offset by a small improvement in projected profit margins. Analyst Commentary Recent research updates on Sibanye Stillwater point to a more constructive tone from several bullish analysts, with a focus on valuation support and execution on key priorities.
VAL
R1,558.11
Valterra Platinum
7D
0.6%
1Y
103.9%

VAL: Dividend Windfall And Higher EPS Will Support Future Returns

Analysts have revised their ZAR price target on Valterra Platinum to ZAR2,160, reflecting updated views on revenue growth, profit margins and the appropriate P/E multiple following recent Street research. Analyst Commentary Bullish analysts point to the revised ZAR2,160 price target as a key marker of confidence in Valterra Platinum's ability to align revenue trends, profit margins and its P/E multiple with updated Street expectations.
NPH
R362.47
Northam Platinum Holdings
7D
-0.4%
1Y
161.3%

NPH: Higher Discount Rate And Strong Output Will Support Bullish Repricing

Analysts have kept their ZAR 490.00 price target for Northam Platinum Holdings unchanged, while adjusting key inputs such as a higher discount rate, lower revenue growth and profit margin assumptions, and a higher future P/E. These changes reflect updated research that incorporates a more constructive stance from recent Street commentary.
THA
R26.00
Tharisa
7D
2.0%
1Y
88.4%