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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedJul 31, 2026
DataAggregated Company Financials
Companies7
  • 7D6.6%
  • 3M-16.9%
  • 1Y21.5%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has risen 6.6%, driven by gains from Valterra Platinum of 9.9%. This takes the industry's 12 month performance to a gain of 22%. Looking forward, earnings are forecast to grow by 9.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Jul 2026R693.5bR444.5bR50.2b8.9x13.8x1.6x
Sun, 28 Jun 2026R671.1bR405.0bR29.2b10.5x23x1.7x
Tue, 26 May 2026R850.8bR404.9bR29.0b18.7x29.3x2.1x
Thu, 23 Apr 2026R926.6bR403.7bR28.4b20.5x32.7x2.3x
Sat, 21 Mar 2026R810.0bR404.5bR27.1b18x29.8x2x
Mon, 16 Feb 2026R976.9bR341.3b-R408,282,179.20192.9x-2392.7x2.9x
Wed, 14 Jan 2026R1.0tR341.6b-R421,982,228.00203x-2466.5x3x
Fri, 12 Dec 2025R815.9bR341.9b-R433,729,182.40166x-1881.2x2.4x
Sun, 09 Nov 2025R688.2bR342.8b-R930,756,179.40139.4x-739.4x2x
Tue, 07 Oct 2025R765.7bR342.7b-R924,258,341.40152.7x-828.4x2.2x
Thu, 04 Sep 2025R615.0bR344.1b-R503,404,631.30120x-1221.8x1.8x
Sat, 02 Aug 2025R570.2bR342.1b-R21,023,487,605.9030.6x-27.1x1.7x
Mon, 30 Jun 2025R518.6bR351.8b-R15,281,262,654.7017.9x-33.9x1.5x
Wed, 28 May 2025R458.6bR351.9b-R15,284,453,850.5016.1x-30x1.3x
Fri, 25 Apr 2025R390.0bR354.2b-R14,726,740,236.6013.2x-26.5x1.1x
Sun, 23 Mar 2025R415.2bR354.1b-R13,459,746,755.0015x-30.8x1.2x
Tue, 18 Feb 2025R363.7bR352.1b-R58,776,981,380.2013.6x-6.2x1x
Thu, 16 Jan 2025R355.3bR355.6b-R54,189,000,624.008.5x-6.6x1x
Sat, 14 Dec 2024R344.3bR354.7b-R54,253,717,883.408.3x-6.3x1x
Mon, 11 Nov 2024R391.7bR353.8b-R54,523,233,571.209.6x-7.2x1.1x
Wed, 09 Oct 2024R367.6bR353.8b-R55,614,414,054.4014.2x-6.6x1x
Fri, 06 Sep 2024R317.3bR359.7b-R40,667,981,640.0013.5x-7.8x0.9x
Sun, 04 Aug 2024R369.3bR369.7b-R35,716,169,914.209.8x-10.3x1x
Tue, 02 Jul 2024R339.5bR382.3b-R34,278,641,348.808x-9.9x0.9x
Thu, 30 May 2024R401.2bR382.2b-R34,284,344,903.808.9x-11.7x1x
Sat, 27 Apr 2024R364.0bR382.1b-R33,996,012,251.007.9x-10.7x1x
Mon, 25 Mar 2024R396.9bR383.0b-R34,363,573,225.008.1x-11.5x1x
Wed, 21 Feb 2024R358.4bR417.2bR35.3b10x10.2x0.9x
Fri, 19 Jan 2024R439.0bR449.7bR53.2b7.9x8.3x1x
Sun, 17 Dec 2023R450.0bR449.7bR53.8b8x8.4x1x
Tue, 14 Nov 2023R391.5bR450.1bR53.8b8x7.3x0.9x
Thu, 12 Oct 2023R436.2bR450.2bR53.8b8.7x8.1x1x
Sat, 09 Sep 2023R394.7bR451.3bR55.4b5.3x7.1x0.9x
Mon, 07 Aug 2023R505.2bR477.5bR99.8b4.3x5.1x1.1x
Price to Earnings Ratio

5.1x


Total Market Cap: R505.2bTotal Earnings: R99.8bTotal Revenue: R477.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -247.2x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Precious Metals and Minerals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.8x which is higher than its 3-year average PE of -247x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Precious Metals and Minerals industry have declined 20% per year over the last three years,
  • Revenues have also declined 2.4% 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 Market2.52%
Materials2.20%
Metals and Mining2.76%
Precious Metals and Minerals6.58%
Diversified Metals and Mining6.42%
Aluminum2.35%
Steel0.42%
Copper0%0
Gold-0.90%
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 PlatinumR1.23k9.9%
+R29.1b		50.3%PE8.9x
IMP Impala Platinum HoldingsR184.834.4%
+R7.0b		5.4%PE20.2x
SSW Sibanye StillwaterR36.624.1%
+R4.1b		-2.6%PS0.8x
NPH Northam Platinum HoldingsR233.722.9%
+R2.6b		11.0%PE10x
GML Gemfields GroupR0.7016.7%
+R172.4m		-48.1%PS0.5x

Latest News

VAL
R1,231.33
Valterra Platinum
7D
9.9%
1Y
50.3%
IMP
R184.83
Impala Platinum Holdings
7D
4.4%
1Y
5.4%
Narrative Update • Jul 29

IMP: Safety Reset And Lower P/E Multiple Will Shape Future Upside

Analysts have trimmed their price target for Impala Platinum Holdings to ZAR175 from ZAR201, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Impala Platinum Holdings Impala Platinum Holdings temporarily suspended mining operations at its Impala Rustenburg complex from July 24 to July 28, 2026 to carry out a comprehensive safety reset in response to an increase in safety incidents.
SSW
R36.62
Sibanye Stillwater
7D
4.1%
1Y
-2.6%
Narrative Update • Jul 23

SSW: Long-Life PGM Projects And Deleveraging Will Drive Future Repricing

The analyst fair value estimate for Sibanye Stillwater has shifted from ZAR97.49 to ZAR78.04 as analysts weigh improved long term PGM asset quality and margin assumptions against a softer near term outlook, higher capital spending, execution risks, and uncertainty around Keliber cash flows, which are reflected in recent Street price target cuts. Analyst Commentary Recent Street research on Sibanye Stillwater points to a mixed but generally constructive stance, with analysts adjusting price targets to reflect both improved long term asset quality in platinum group metals and a softer near term outlook.
NPH
R233.72
Northam Platinum Holdings
7D
2.9%
1Y
11.0%
Narrative Update • Jul 22

NPH: Higher Production And Required Returns Will Drive Future Bullish Repricing

The latest Narrative Update for Northam Platinum Holdings reflects a trimmed analyst price target from ZAR490.00 to about ZAR470.69, with analysts pointing to revised revenue growth assumptions and a higher discount rate, partly offset by slightly firmer profit margin and future P/E inputs. What's in the News Northam Platinum Holdings reported total refined metal production of 1,032,509 oz for the financial year ended 30 June 2026, compared with 937,942 oz for the prior financial year.
THA
R24.30
Tharisa
7D
-0.8%
1Y
14.9%
GML
R0.70
Gemfields Group
7D
16.7%
1Y
-48.1%
WEZ
R0.46
Wesizwe Platinum
7D
-4.2%
1Y
n/a