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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedSep 14, 2026
DataAggregated Company Financials
Companies7
  • 7D1.3%
  • 3M11.2%
  • 1Y39.6%
  • YTDn/a

In the last week, the Precious Metals and Minerals industry is up 1.3%, with Valterra Platinum up 3.9%. This means that the industry has gained 40% over the past year. Looking forward, earnings are forecast to decline by 4.6% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Sep 2026R873.0bR523.0bR99.0b8x8.8x1.7x
Wed, 12 Aug 2026R807.2bR444.3bR50.2b10.4x16.1x1.8x
Fri, 10 Jul 2026R641.6bR404.9bR29.2b10.1x22x1.6x
Sun, 07 Jun 2026R729.8bR405.1bR29.0b16x25.2x1.8x
Tue, 05 May 2026R843.1bR404.0bR28.4b18.4x29.7x2.1x
Thu, 02 Apr 2026R892.9bR404.0bR28.4b19.7x31.5x2.2x
Sat, 28 Feb 2026R1.2tR376.4bR12.1b69.8x97.6x3.1x
Mon, 26 Jan 2026R1.1tR341.4b-R413,227,368.80219.4x-2768.8x3.4x
Wed, 24 Dec 2025R944.7bR341.8b-R429,666,859.60187.3x-2198.6x2.8x
Fri, 21 Nov 2025R723.2bR342.8b-R914,898,168.80142.5x-790.4x2.1x
Sun, 19 Oct 2025R761.3bR342.9b-R934,409,995.80151.6x-814.8x2.2x
Tue, 16 Sep 2025R621.7bR343.8b-R493,924,902.60124.4x-1258.7x1.8x
Thu, 14 Aug 2025R581.4bR341.6b-R21,007,032,056.4031.6x-27.7x1.7x
Sat, 12 Jul 2025R556.7bR351.7b-R15,278,213,760.8018.8x-36.4x1.6x
Mon, 09 Jun 2025R485.1bR351.7b-R15,279,477,825.5517x-31.8x1.4x
Wed, 07 May 2025R389.7bR353.7b-R14,727,205,950.2013.3x-26.5x1.1x
Fri, 04 Apr 2025R384.7bR354.7b-R13,420,765,959.5013.8x-28.7x1.1x
Sun, 02 Mar 2025R310.7bR354.6b-R13,425,405,693.5011.7x-23.1x0.9x
Tue, 28 Jan 2025R348.9bR355.6b-R54,192,389,035.807.8x-6.4x1x
Thu, 26 Dec 2024R330.5bR355.5b-R54,197,211,547.208.2x-6.1x0.9x
Sat, 23 Nov 2024R367.0bR354.3b-R54,494,313,703.208.8x-6.7x1x
Mon, 21 Oct 2024R387.7bR353.8b-R54,522,180,921.609.5x-7.1x1.1x
Wed, 18 Sep 2024R341.2bR354.2b-R55,569,445,669.0013.1x-6.1x1x
Fri, 16 Aug 2024R353.4bR369.5b-R35,731,162,951.609.5x-9.9x1x
Sun, 14 Jul 2024R369.8bR381.9b-R34,313,614,017.808.7x-10.8x1x
Tue, 11 Jun 2024R344.3bR382.6b-R34,258,342,542.808x-10.1x0.9x
Thu, 09 May 2024R386.1bR381.9b-R34,012,699,389.508.5x-11.4x1x
Sat, 06 Apr 2024R399.5bR382.0b-R34,005,607,536.009x-11.7x1x
Mon, 04 Mar 2024R354.7bR397.9bR17.2b6x20.6x0.9x
Wed, 31 Jan 2024R438.1bR449.5bR53.2b8x8.2x1x
Fri, 29 Dec 2023R502.1bR449.2bR53.2b8.6x9.4x1.1x
Sun, 26 Nov 2023R416.2bR450.2bR53.8b8x7.7x0.9x
Tue, 24 Oct 2023R403.7bR450.4bR53.9b8.4x7.5x0.9x
Thu, 21 Sep 2023R467.5bR450.9bR55.4b6.6x8.4x1x
Price to Earnings Ratio

8.4x


Total Market Cap: R467.5bTotal Earnings: R55.4bTotal Revenue: R450.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -246.9x202420252026
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 8.8x which is higher than its 3-year average PE of -247x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Precious Metals and Minerals industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 5.1% 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 Precious Metals and Minerals compare with similar industries?

ZA Market-0.98%
Materials0.54%
Metals and Mining-0.76%
Precious Metals and Minerals1.28%
Diversified Metals and Mining0.22%
Steel-0.74%
Gold-2.77%
Copper-5.08%
Aluminum-7.79%
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
THA TharisaR27.674.2%
+R331.8m		26.2%PE4.3x
GML Gemfields GroupR0.7419.4%
+R206.9m		-47.1%PS0.6x
WEZ Wesizwe PlatinumR0.432.4%
+R16.3m		n/aPE4.4x

Latest News

IMP
R231.82
Impala Platinum Holdings
7D
-6.7%
1Y
25.8%
Narrative Update • Sep 09

IMP: Dividend Strength And Stable Output Will Support Future Share Price

Analysts have reduced their price target for Impala Platinum Holdings to ZAR420.30 from ZAR456.64 as they factor in more moderate revenue growth expectations, a higher discount rate, and a higher assumed future P/E multiple supported by slightly stronger profit margin assumptions. What's in the News for Impala Platinum Holdings Impala Platinum Holdings reported group 6E production for the year ended 30 June 2026 of 3.50 Moz, which management described as stable for the period.
SSW
R47.84
Sibanye Stillwater
7D
-10.6%
1Y
25.9%
Narrative Update • Sep 09

SSW: Organic PGM Expansions And Deleveraging Will Drive Future Repricing

The analyst price target for Sibanye Stillwater has shifted from ZAR78.04 to ZAR75.00 as analysts factor in the move toward organic growth, recent price target trims, and comments on balance sheet progress and project execution risks. Analyst Commentary Recent research on Sibanye Stillwater highlights a mix of optimism on execution and balance sheet progress, alongside caution on project and commodity risks.
NPH
R302.86
Northam Platinum Holdings
7D
-6.7%
1Y
33.9%
VAL
R1,389.25
Valterra Platinum
7D
-1.0%
1Y
43.2%
Narrative Update • Sep 03

VAL: Richer P/E And Execution Risks Will Pressure Forward Returns

Valterra Platinum's analyst fair value estimate has shifted from ZAR 703.48 to ZAR 1,060.00, as analysts factor in mixed revisions to revenue growth, profit margins and future P/E expectations, along with a wide range of recent Street price targets and ratings. Analyst Commentary Recent Street research on Valterra Platinum shows a mix of optimism and caution.
THA
R27.67
Tharisa
7D
4.2%
1Y
26.2%
GML
R0.74
Gemfields Group
7D
19.4%
1Y
-47.1%
WEZ
R0.43
Wesizwe Platinum
7D
2.4%
1Y
n/a