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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies6
  • 7D9.0%
  • 3M23.6%
  • 1Y191.4%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has risen 9.5%, driven by gains from every company within the industry. In the last 12 months, the industry was up 191%. 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
Fri, 26 Dec 2025R958.3bR341.8b-R428,693,151.20190.4x-2235.5x2.8x
Sun, 23 Nov 2025R691.7bR342.9b-R922,795,755.20137.3x-749.6x2x
Tue, 21 Oct 2025R751.6bR342.8b-R933,558,459.00149.5x-805.1x2.2x
Thu, 18 Sep 2025R624.2bR343.9b-R494,999,736.10124.5x-1261x1.8x
Sat, 16 Aug 2025R573.3bR341.7b-R21,009,611,656.8031.2x-27.3x1.7x
Mon, 14 Jul 2025R571.2bR351.9b-R15,284,141,997.4019.1x-37.4x1.6x
Wed, 11 Jun 2025R502.8bR351.7b-R15,277,241,869.1017.9x-32.9x1.4x
Fri, 09 May 2025R384.6bR353.7b-R14,727,173,087.8013.1x-26.1x1.1x
Sun, 06 Apr 2025R325.5bR355.0b-R13,397,089,256.3012x-24.3x0.9x
Tue, 04 Mar 2025R330.8bR354.5b-R13,434,312,576.8012.2x-24.6x0.9x
Thu, 30 Jan 2025R339.5bR355.4b-R54,203,264,291.108x-6.3x1x
Sat, 28 Dec 2024R323.5bR355.5b-R54,198,842,484.008x-6x0.9x
Mon, 25 Nov 2024R367.0bR354.3b-R54,493,266,652.808.8x-6.7x1x
Wed, 23 Oct 2024R393.1bR353.7b-R54,526,581,892.809.7x-7.2x1.1x
Fri, 20 Sep 2024R350.1bR354.2b-R55,573,622,426.2013.5x-6.3x1x
Sun, 18 Aug 2024R360.2bR369.3b-R35,740,224,291.809.7x-10.1x1x
Tue, 16 Jul 2024R373.4bR382.1b-R34,299,480,901.008.7x-10.9x1x
Thu, 13 Jun 2024R333.4bR382.3b-R34,277,155,499.608.1x-9.7x0.9x
Sat, 11 May 2024R407.5bR381.7b-R34,024,300,305.509x-12x1.1x
Mon, 08 Apr 2024R399.5bR382.0b-R34,005,607,536.009x-11.7x1x
Wed, 06 Mar 2024R329.5bR383.0b-R34,367,240,275.008.7x-9.6x0.9x
Fri, 02 Feb 2024R437.8bR449.3bR53.2b8.3x8.2x1x
Sun, 31 Dec 2023R507.5bR449.0bR53.1b8.7x9.6x1.1x
Tue, 28 Nov 2023R433.0bR450.1bR53.8b8.1x8x1x
Thu, 26 Oct 2023R386.3bR450.5bR53.9b8.4x7.2x0.9x
Sat, 23 Sep 2023R446.7bR450.9bR55.4b6.3x8.1x1x
Mon, 21 Aug 2023R438.9bR475.6bR97.3b4x4.5x0.9x
Wed, 19 Jul 2023R559.8bR497.7bR118.6b4.5x4.7x1.1x
Fri, 16 Jun 2023R625.1bR498.1bR118.6b4.8x5.3x1.3x
Sun, 14 May 2023R682.4bR499.2bR119.5b5.2x5.7x1.4x
Tue, 11 Apr 2023R603.0bR498.1bR119.3b4.7x5.1x1.2x
Thu, 09 Mar 2023R628.4bR491.6bR117.3b5.4x5.4x1.3x
Sat, 04 Feb 2023R788.2bR531.1bR128.9b5.9x6.1x1.5x
Mon, 02 Jan 2023R815.3bR530.6bR128.8b6.3x6.3x1.5x
Price to Earnings Ratio

6.3x


Total Market Cap: R815.3bTotal Earnings: R128.8bTotal Revenue: R530.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -120.1x20242025
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 Market2.14%
Materials6.03%
Metals and Mining6.32%
Precious Metals and Minerals8.97%
Aluminum13.64%
Gold4.48%
Diversified Metals and Mining4.03%
Copper1.61%
Steel0.83%
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
IMP Impala Platinum HoldingsR273.0012.1%
+R26.4b		193.9%PE321.8x
VAL Valterra PlatinumR1.49k7.1%
+R25.7b		153.7%PE294.7x
SSW Sibanye StillwaterR64.7010.4%
+R17.3b		295.7%PS1.6x
NPH Northam Platinum HoldingsR346.016.8%
+R8.3b		242.8%PE86.1x
THA TharisaR26.2614.2%
+R956.4m		60.1%PE5.8x

Latest News

THA
R26.26
Tharisa
7D
14.2%
1Y
60.1%
SSW
R64.70
Sibanye Stillwater
7D
10.4%
1Y
295.7%

SSW: Future Returns Will Depend On Chrome Agreement Cash Flows

Analysts have slightly trimmed their price target on Sibanye Stillwater to around $50.07 from approximately $50.16, citing moderate reductions in the assumed discount rate, upgraded forecasts for revenue growth and profit margins, and a somewhat lower future price to earnings multiple. What's in the News Concluded a three year wage agreement at South African gold operations with AMCU, NUM, UASA, and Solidarity.
IMP
R273.00
Impala Platinum Holdings
7D
12.1%
1Y
193.9%

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).
VAL
R1,485.00
Valterra Platinum
7D
7.1%
1Y
153.7%
NPH
R346.01
Northam Platinum Holdings
7D
6.8%
1Y
242.8%

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
R1.35
Gemfields Group
7D
6.3%
1Y
-15.6%

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