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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies6
  • 7D5.2%
  • 3M24.7%
  • 1Y194.8%
  • YTDn/a

In the last week, the Precious Metals and Minerals industry is up 5.2%, with Valterra Platinum leading the way, up 3.9%. This takes the industry's 12 month performance to a gain of 195%. Earnings are forecast to grow by 53% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 20 Mar 2023R626.1bR492.3bR116.8b5.4x5.4x1.3x
Wed, 15 Feb 2023R735.1bR531.6bR129.0b5.4x5.7x1.4x
Fri, 13 Jan 2023R871.9bR530.4bR128.7b6.6x6.8x1.6x
Price to Earnings Ratio

6.8x


Total Market Cap: R871.9bTotal Earnings: R128.7bTotal Revenue: R530.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -142.2x202420252026
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 1.2x 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 Market0.46%
Materials2.57%
Metals and Mining2.70%
Precious Metals and Minerals5.16%
Steel3.97%
Diversified Metals and Mining3.07%
Copper1.47%
Gold-0.041%
Aluminum-2.83%
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 PlatinumR1.46k3.9%
+R14.6b		154.5%PE290.4x
IMP Impala Platinum HoldingsR276.746.2%
+R14.4b		194.5%PE326.2x
SSW Sibanye StillwaterR63.885.8%
+R9.9b		307.4%PS1.6x
NPH Northam Platinum HoldingsR352.466.2%
+R7.8b		256.7%PE87.7x
THA TharisaR29.003.6%
+R293.1m		87.7%PE6.6x

Latest News

SSW
R63.88
Sibanye Stillwater
7D
5.8%
1Y
307.4%

SSW: Future Wage And Settlement Costs Will Pressure Earnings Outlook

Analysts have raised their fair value estimate for Sibanye Stillwater from $19.50 to $38.00, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple that they consider a closer reflection of the company’s outlook. What's in the News Sibanye Stillwater concluded a three year wage agreement at its South African gold operations with AMCU, NUM, UASA, and Solidarity, covering annual wage and benefit adjustments for employees from 1 July 2025 to 30 June 2028 (Key Developments).
VAL
R1,463.27
Valterra Platinum
7D
3.9%
1Y
154.5%
THA
R29.00
Tharisa
7D
3.6%
1Y
87.7%
IMP
R276.74
Impala Platinum Holdings
7D
6.2%
1Y
194.5%

IMP: Higher Margins Are Expected To Drive Strong Share Price Rebound

Analysts have lifted their price target on Impala Platinum Holdings from R200.00 to R310.00, citing expectations for faster revenue growth, stronger profit margins, and a modestly lower future price-to-earnings multiple that together support a higher fair value estimate despite a slightly increased discount rate. What's in the News Reported first quarter 2025 6E group production of 882,000 oz, down from 928,000 oz in the prior year period, highlighting some operational headwinds (company announcement).
NPH
R352.46
Northam Platinum Holdings
7D
6.2%
1Y
256.7%

NPH: Higher Required Returns Will Constrain Future Upside Despite Stronger Margins

Analysts have raised their price target for Northam Platinum Holdings by roughly R8 to R283.06, citing slightly stronger expected revenue growth, improved profit margins, and a modestly lower future price earnings multiple, despite a small uptick in the discount rate. Valuation Changes Fair Value: Raised slightly from ZAR 274.94 to ZAR 283.06 per share, reflecting a modest uplift in the intrinsic valuation.
GML
R1.30
Gemfields Group
7D
-0.8%
1Y
-27.8%

Investors Aren't Entirely Convinced By Gemfields Group Limited's (JSE:GML) Revenues

Dec 13
Investors Aren't Entirely Convinced By Gemfields Group Limited's (JSE:GML) Revenues