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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.5%
  • 3M35.1%
  • 1Y161.6%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has dropped 9.5%, driven by Impala Platinum Holdings declining 13%. In the past year, the industry has gained 167%. Looking forward, earnings are forecast to grow by 52% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026R952.2bR341.3b-R410,496,443.20185.8x-2319.6x2.8x
Wed, 07 Jan 2026R990.8bR341.6b-R420,574,183.20196.8x-2355.8x2.9x
Fri, 05 Dec 2025R779.3bR342.1b-R437,822,732.00157.4x-1779.9x2.3x
Sun, 02 Nov 2025R698.3bR342.8b-R933,452,712.60142.7x-748.1x2x
Tue, 30 Sep 2025R781.4bR342.8b-R929,601,317.40159.5x-840.5x2.3x
Thu, 28 Aug 2025R538.5bR341.8b-R21,012,378,974.6029.5x-25.6x1.6x
Sat, 26 Jul 2025R608.6bR351.7b-R15,278,704,248.2019.8x-39.8x1.7x
Mon, 23 Jun 2025R480.1bR351.9b-R15,285,704,290.6016.4x-31.4x1.4x
Wed, 21 May 2025R418.0bR353.4b-R14,727,405,004.6013.7x-28.4x1.2x
Fri, 18 Apr 2025R436.8bR354.3b-R14,726,722,038.2015.5x-29.7x1.2x
Sun, 16 Mar 2025R384.5bR354.1b-R13,462,832,881.1014.2x-28.6x1.1x
Tue, 11 Feb 2025R366.2bR355.3b-R54,212,325,832.208.7x-6.8x1x
Thu, 09 Jan 2025R339.3bR355.7b-R54,182,399,547.908.2x-6.3x1x
Sat, 07 Dec 2024R342.6bR354.9b-R54,244,164,249.308.2x-6.3x1x
Mon, 04 Nov 2024R410.6bR353.9b-R54,519,482,107.2010x-7.5x1.2x
Wed, 02 Oct 2024R364.9bR353.6b-R55,625,080,530.4014.5x-6.6x1x
Fri, 30 Aug 2024R352.7bR369.2b-R35,745,992,194.609.7x-9.9x1x
Sun, 28 Jul 2024R383.7bR369.8b-R35,714,502,721.2010.2x-10.7x1x
Tue, 25 Jun 2024R375.1bR382.1b-R34,292,183,635.808.8x-10.9x1x
Thu, 23 May 2024R420.4bR381.6b-R34,033,982,164.509x-12.4x1.1x
Sat, 20 Apr 2024R429.0bR382.4b-R33,971,814,818.009.4x-12.6x1.1x
Mon, 18 Mar 2024R377.4bR382.8b-R34,388,431,187.508.4x-11x1x
Wed, 14 Feb 2024R349.5bR436.0bR52.5b7x6.7x0.8x
Fri, 12 Jan 2024R451.8bR449.4bR53.2b8.1x8.5x1x
Sun, 10 Dec 2023R420.2bR450.4bR53.9b8x7.8x0.9x
Tue, 07 Nov 2023R426.2bR449.7bR53.8b8.4x7.9x0.9x
Thu, 05 Oct 2023R432.5bR450.7bR53.9b8.5x8x1x
Sat, 02 Sep 2023R423.2bR464.9bR82.7b5.5x5.1x0.9x
Mon, 31 Jul 2023R552.9bR476.6bR99.6b4.7x5.6x1.2x
Wed, 28 Jun 2023R525.1bR498.3bR118.7b4.4x4.4x1.1x
Fri, 26 May 2023R643.2bR499.2bR118.8b4.9x5.4x1.3x
Sun, 23 Apr 2023R683.8bR498.0bR119.3b5.5x5.7x1.4x
Tue, 21 Mar 2023R644.2bR492.4bR116.8b5.6x5.5x1.3x
Thu, 16 Feb 2023R735.1bR531.6bR129.0b5.2x5.7x1.4x
Price to Earnings Ratio

5.7x


Total Market Cap: R735.1bTotal Earnings: R129.0bTotal Revenue: R531.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -220.1x202420252026
Current Industry PE
  • Investors are optimistic on the South African Precious Metals and Minerals industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • Total earnings for the Precious Metals and Minerals industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 14% per year, which is driving profits down.

Industry Comparison

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

ZA Market0.35%
Materials2.22%
Metals and Mining2.26%
Precious Metals and Minerals-1.47%
Gold5.99%
Steel5.17%
Diversified Metals and Mining-1.53%
Aluminum-2.22%
Copper-4.55%
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
VAL Valterra PlatinumR1.42k1.5%
+R5.6b		118.7%PE282.5x
THA TharisaR29.752.6%
+R219.8m		120.4%PE6.9x

Latest News

IMP
R275.25
Impala Platinum Holdings
7D
-4.8%
1Y
177.4%
THA
R29.75
Tharisa
7D
2.6%
1Y
120.4%
VAL
R1,423.39
Valterra Platinum
7D
1.5%
1Y
118.7%
SSW
R65.74
Sibanye Stillwater
7D
-2.4%
1Y
254.4%

SSW: Recent Bank Upgrades And Project Progress Will Support Repricing

Analysts have roughly doubled their price target for Sibanye Stillwater to US$103.00 from US$50.00, citing updated assumptions for faster revenue growth, higher profit margins, and a lower future P/E multiple following recent upgrades from major banks. Analyst Commentary Recent upgrades from major banks have reinforced the view that Sibanye Stillwater could offer investors a more attractive balance between growth potential and valuation than previously assumed.
GML
R1.13
Gemfields Group
7D
-2.6%
1Y
-15.0%
NPH
R357.74
Northam Platinum Holdings
7D
-2.3%
1Y
196.9%

NPH: Constructive Research Stance Will Support Higher P/E While Risks Remain

Narrative Update The analyst fair value estimate for Northam Platinum Holdings has shifted from R290.06 to R396.94 per share. Analysts attribute this change to updated assumptions around revenue growth, profit margin and future P/E multiples following recent research that has become more constructive on the stock.