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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies6
  • 7D-6.1%
  • 3M-12.2%
  • 1Y100.0%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has dropped 6.1%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 100%. Looking forward, earnings are forecast to grow by 28% 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, 27 Mar 2026R846.5bR404.4bR27.1b18.7x31.2x2.1x
Sun, 22 Feb 2026R995.4bR359.3b-R2,028,470,894.00199.5x-490.7x2.8x
Tue, 20 Jan 2026R1.0tR341.6b-R420,437,920.80201x-2459x3x
Thu, 18 Dec 2025R875.2bR341.9b-R430,779,669.20177x-2031.7x2.6x
Sat, 15 Nov 2025R710.8bR342.7b-R908,820,533.60143.7x-782.1x2.1x
Mon, 13 Oct 2025R763.1bR342.9b-R941,222,290.20153.9x-810.8x2.2x
Wed, 10 Sep 2025R625.4bR344.0b-R499,680,560.30124.4x-1251.6x1.8x
Fri, 08 Aug 2025R587.2bR341.8b-R21,013,547,666.8032.2x-27.9x1.7x
Sun, 06 Jul 2025R562.9bR351.6b-R15,273,602,573.7019.3x-36.9x1.6x
Tue, 03 Jun 2025R447.3bR351.8b-R15,281,132,463.6015.8x-29.3x1.3x
Thu, 01 May 2025R382.3bR354.1b-R14,726,886,726.2013.1x-26x1.1x
Sat, 29 Mar 2025R424.7bR354.3b-R13,444,295,034.8015.3x-31.6x1.2x
Mon, 24 Feb 2025R342.3bR355.9b-R13,410,243,253.8012.7x-25.5x1x
Wed, 22 Jan 2025R347.7bR355.3b-R54,209,162,377.208.3x-6.4x1x
Fri, 20 Dec 2024R325.9bR355.3b-R54,214,779,267.307.9x-6x0.9x
Sun, 17 Nov 2024R366.8bR354.4b-R54,487,936,214.409x-6.7x1x
Tue, 15 Oct 2024R367.8bR353.6b-R55,625,086,129.6014.4x-6.6x1x
Thu, 12 Sep 2024R282.7bR359.9b-R40,656,065,597.4011.5x-7x0.8x
Sat, 10 Aug 2024R345.9bR369.8b-R35,713,707,148.409.2x-9.7x0.9x
Mon, 08 Jul 2024R321.6bR268.4bR3.5b9.1x92.7x1.2x
Wed, 05 Jun 2024R348.0bR382.6b-R34,259,143,965.407.9x-10.2x0.9x
Fri, 03 May 2024R361.3bR381.8b-R34,013,947,498.008x-10.6x0.9x
Sun, 31 Mar 2024R386.0bR382.1b-R33,991,192,965.009x-11.4x1x
Tue, 27 Feb 2024R362.5bR417.6bR35.3b10x10.3x0.9x
Thu, 25 Jan 2024R454.3bR449.6bR53.2b7.8x8.5x1x
Sat, 23 Dec 2023R494.0bR449.1bR53.1b8.1x9.3x1.1x
Mon, 20 Nov 2023R417.2bR449.8bR53.8b8.2x7.8x0.9x
Wed, 18 Oct 2023R463.2bR450.2bR53.8b8.7x8.6x1x
Fri, 15 Sep 2023R433.9bR451.1bR55.4b6.1x7.8x1x
Sun, 13 Aug 2023R504.6bR478.0bR99.9b4.2x5.1x1.1x
Tue, 11 Jul 2023R490.7bR498.8bR118.7b4.3x4.1x1x
Thu, 08 Jun 2023R651.7bR499.0bR118.8b4.9x5.5x1.3x
Sat, 06 May 2023R706.5bR498.3bR119.3b5.5x5.9x1.4x
Mon, 03 Apr 2023R605.3bR497.7bR119.0b4.5x5.1x1.2x
Price to Earnings Ratio

5.1x


Total Market Cap: R605.3bTotal Earnings: R119.0bTotal Revenue: R497.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -249.8x202420252026
Current Industry PE
  • Investors are optimistic on the South African Precious Metals and Minerals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 31.2x which is higher than its 3-year average PE of -250x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Precious Metals and Minerals industry have declined 39% per year over the last three years,
  • Revenues have also declined 6.7% 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 Market0.42%
Materials-2.29%
Metals and Mining-2.97%
Precious Metals and Minerals-6.06%
Diversified Metals and Mining1.94%
Gold0.19%
Steel-2.93%
Copper-6.94%
Aluminum-14.29%
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
SSW Sibanye StillwaterR49.076.1%
+R8.0b		151.9%PS1.1x
NPH Northam Platinum HoldingsR332.613.7%
+R4.6b		152.3%PE14.3x
IMP Impala Platinum HoldingsR225.240.9%
+R1.8b		83.9%PE24.6x
THA TharisaR23.814.6%
+R311.1m		59.3%PE5.2x

Latest News

GML
R0.95
Gemfields Group
7D
-18.1%
1Y
-32.6%
VAL
R1,303.39
Valterra Platinum
7D
-2.4%
1Y
73.8%

VAL: Dividend Windfall And Higher Earnings Guidance Will Drive Future Returns

Analysts have kept the Valterra Platinum price target steady at ZAR2,160.00, highlighting updated assumptions around a ZAR18.44% discount rate, ZAR13.90% revenue growth, a ZAR29.78% profit margin and an ZAR18.37x future P/E as the key drivers behind the refreshed view. What's in the News The board approved a special cash dividend of ZAR5,300m, equal to ZAR20.00 per share, for the year ended 31 December 2025, with payment scheduled for 30 March 2026 on the JSE and 15 April 2026 on the LSE (Key Developments).
NPH
R332.61
Northam Platinum Holdings
7D
3.7%
1Y
152.3%

NPH: Upgraded View Will Rely On Higher Margins And Production Delivery

Analysts have revised their price target on Northam Platinum Holdings from ZAR 434.94 to ZAR 400.94. This reflects updated views on revenue growth, margins and future P/E multiples following recent research that has become more positive on the shares overall.
SSW
R49.07
Sibanye Stillwater
7D
6.1%
1Y
151.9%
IMP
R225.24
Impala Platinum Holdings
7D
0.9%
1Y
83.9%
THA
R23.81
Tharisa
7D
4.6%
1Y
59.3%