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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies6
  • 7D-9.9%
  • 3M-23.9%
  • 1Y110.5%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has dropped 10%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 117%. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026R805.5bR404.0bR28.4b17.6x28.4x2x
Sat, 28 Mar 2026R816.1bR404.2bR28.4b18x28.7x2x
Mon, 23 Feb 2026R995.4bR359.3b-R2,028,470,894.00199.5x-490.7x2.8x
Wed, 21 Jan 2026R1.0tR341.6b-R421,070,973.20200.7x-2457.4x3x
Fri, 19 Dec 2025R879.5bR341.9b-R430,538,371.20178x-2042.7x2.6x
Sun, 16 Nov 2025R710.8bR342.7b-R908,447,638.40143.7x-782.4x2.1x
Tue, 14 Oct 2025R787.3bR342.8b-R932,434,207.80159.2x-844.4x2.3x
Thu, 11 Sep 2025R630.7bR344.0b-R497,933,577.40126x-1266.6x1.8x
Sat, 09 Aug 2025R595.1bR341.8b-R21,014,225,871.6032.1x-28.3x1.7x
Mon, 07 Jul 2025R562.9bR351.6b-R15,273,602,573.7019.3x-36.9x1.6x
Wed, 04 Jun 2025R434.6bR351.8b-R15,282,049,856.7015.2x-28.4x1.2x
Fri, 02 May 2025R382.3bR354.0b-R14,726,921,318.2013.2x-26x1.1x
Sun, 30 Mar 2025R424.7bR354.3b-R13,444,295,034.8015.3x-31.6x1.2x
Tue, 25 Feb 2025R334.5bR355.9b-R13,410,264,343.5012.4x-24.9x0.9x
Thu, 23 Jan 2025R347.7bR355.3b-R54,210,223,892.108.3x-6.4x1x
Sat, 21 Dec 2024R333.0bR355.2b-R54,222,118,482.908.3x-6.1x0.9x
Mon, 18 Nov 2024R366.8bR354.4b-R54,487,936,214.409x-6.7x1x
Wed, 16 Oct 2024R351.6bR353.8b-R54,519,750,868.808.8x-6.4x1x
Fri, 13 Sep 2024R299.8bR359.8b-R40,663,494,843.4012.1x-7.4x0.8x
Sun, 11 Aug 2024R345.9bR369.8b-R35,713,092,919.409.2x-9.7x0.9x
Tue, 09 Jul 2024R319.2bR268.4bR3.5b9.1x92.1x1.2x
Thu, 06 Jun 2024R354.3bR382.8b-R34,245,730,374.008.2x-10.3x0.9x
Sat, 04 May 2024R369.8bR381.8b-R34,018,362,772.008.3x-10.9x1x
Mon, 01 Apr 2024R386.0bR382.1b-R33,991,192,965.009x-11.4x1x
Wed, 28 Feb 2024R362.4bR417.4bR35.3b10x10.3x0.9x
Fri, 26 Jan 2024R454.3bR449.6bR53.2b8.2x8.5x1x
Sun, 24 Dec 2023R494.0bR449.2bR53.2b8.1x9.3x1.1x
Tue, 21 Nov 2023R414.9bR449.8bR53.8b8.2x7.7x0.9x
Thu, 19 Oct 2023R434.1bR450.5bR53.9b8.7x8.1x1x
Sat, 16 Sep 2023R433.9bR451.1bR55.4b6.1x7.8x1x
Mon, 14 Aug 2023R504.6bR478.0bR99.9b4.2x5.1x1.1x
Wed, 12 Jul 2023R507.1bR498.5bR118.7b4.2x4.3x1x
Fri, 09 Jun 2023R641.4bR498.8bR118.7b4.8x5.4x1.3x
Sun, 07 May 2023R706.5bR498.3bR119.3b5.5x5.9x1.4x
Price to Earnings Ratio

5.9x


Total Market Cap: R706.5bTotal Earnings: R119.3bTotal Revenue: R498.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -249x202420252026
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 29.3x which is higher than its 3-year average PE of -249x.
  • The 3-year average PS ratio of 1.4x 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 38% per year over the last three years,
  • Revenues have also declined 6.8% 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 Market-1.95%
Materials-6.16%
Metals and Mining-7.40%
Precious Metals and Minerals-9.89%
Copper-1.64%
Steel-3.80%
Aluminum-4.04%
Gold-5.27%
Diversified Metals and Mining-5.43%
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
No data available

Latest News

SSW
R48.12
Sibanye Stillwater
7D
-9.5%
1Y
123.8%

SSW: Higher Discount Rates And Margin Assumptions Will Shape Future Returns

Analysts have trimmed their Sibanye Stillwater price target by ZAR2, reflecting slightly higher discount rate assumptions and more cautious revenue growth expectations. This is partly offset by a modestly stronger profit margin outlook and a marginally lower future P/E multiple.
VAL
R1,290.14
Valterra Platinum
7D
-10.5%
1Y
101.8%
THA
R25.39
Tharisa
7D
-0.4%
1Y
92.2%
NPH
R311.49
Northam Platinum Holdings
7D
-10.4%
1Y
150.2%

NPH: Higher Required Returns Will Pressure Optimistic Margin And P/E Assumptions

Analysts have raised their price target on Northam Platinum Holdings from ZAR131.11 to ZAR270.00, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples, along with a more positive stance in recent Street research. Analyst Commentary Even with a higher price target framework on Northam Platinum Holdings, not all research has been uniformly positive.
GML
R0.90
Gemfields Group
7D
-5.3%
1Y
-14.3%
IMP
R222.11
Impala Platinum Holdings
7D
-9.1%
1Y
100.3%

IMP: Future Returns Will Reflect Stronger Earnings Guidance And Recent Broker Upgrades

Analysts have trimmed their 12 month price target for Impala Platinum Holdings to about ZAR355 from roughly ZAR372, as higher discount rate assumptions offset slightly stronger views on revenue growth, profit margins and the future P/E multiple, with recent research upgrades cited as support for the updated outlook. Analyst Commentary Recent research has shifted more positively, with price target revisions and upgrades reflecting a mix of confidence in the business and caution around execution risks.