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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies6
  • 7D9.9%
  • 3M-6.8%
  • 1Y175.2%
  • YTDn/a

All of the companies in the Precious Metals and Minerals industry have been up over the last week, with the industry up 9.9%. This takes the industry's 12 month performance to a gain of 175%. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026R897.2bR404.1bR28.4b19.9x31.6x2.2x
Tue, 03 Mar 2026R1.2tR385.2bR19.7b24.7x59.7x3.1x
Thu, 29 Jan 2026R1.2tR341.2b-R407,200,596.40230.3x-2955.1x3.5x
Sat, 27 Dec 2025R958.3bR341.8b-R429,224,006.80190.4x-2232.7x2.8x
Mon, 24 Nov 2025R691.7bR342.9b-R922,795,755.20137.3x-749.6x2x
Wed, 22 Oct 2025R751.6bR342.9b-R936,419,177.40138.7x-802.6x2.2x
Fri, 19 Sep 2025R643.1bR343.8b-R493,809,850.00130.3x-1302.4x1.9x
Sun, 17 Aug 2025R573.3bR341.7b-R21,009,611,656.8031.2x-27.3x1.7x
Tue, 15 Jul 2025R579.8bR351.8b-R15,283,076,247.0019.4x-37.9x1.6x
Thu, 12 Jun 2025R521.6bR351.7b-R15,277,926,129.3018.4x-34.1x1.5x
Sat, 10 May 2025R392.3bR353.7b-R14,727,163,913.4013.3x-26.6x1.1x
Mon, 07 Apr 2025R325.5bR355.0b-R13,397,089,256.3012x-24.3x0.9x
Wed, 05 Mar 2025R331.7bR354.5b-R13,435,303,792.7012.4x-24.7x0.9x
Fri, 31 Jan 2025R339.5bR355.3b-R54,210,638,656.208.4x-6.3x1x
Sun, 29 Dec 2024R323.5bR355.5b-R54,196,860,052.208x-6x0.9x
Tue, 26 Nov 2024R349.8bR354.3b-R54,495,103,190.408.5x-6.4x1x
Thu, 24 Oct 2024R384.2bR354.0b-R54,512,264,738.409.4x-7x1.1x
Sat, 21 Sep 2024R348.1bR354.1b-R55,577,196,654.0013.7x-6.3x1x
Mon, 19 Aug 2024R360.2bR369.3b-R35,740,224,291.809.7x-10.1x1x
Wed, 17 Jul 2024R373.8bR382.0b-R34,309,150,620.408.7x-10.9x1x
Fri, 14 Jun 2024R343.1bR382.3b-R34,275,429,808.608.1x-10x0.9x
Sun, 12 May 2024R407.5bR381.7b-R34,024,300,305.509x-12x1.1x
Tue, 09 Apr 2024R424.8bR381.9b-R34,008,789,130.509.4x-12.5x1.1x
Thu, 07 Mar 2024R343.1bR382.8b-R34,382,235,137.508.4x-10x0.9x
Sat, 03 Feb 2024R431.5bR449.6bR53.2b7.8x8.1x1x
Mon, 01 Jan 2024R507.5bR449.0bR53.1b8.7x9.6x1.1x
Wed, 29 Nov 2023R435.6bR450.0bR53.8b8.1x8.1x1x
Fri, 27 Oct 2023R389.7bR450.4bR53.9b8.6x7.2x0.9x
Sun, 24 Sep 2023R446.7bR450.2bR54.7b9.1x8.2x1x
Tue, 22 Aug 2023R438.9bR475.6bR97.3b4x4.5x0.9x
Thu, 20 Jul 2023R553.8bR497.8bR118.6b4.4x4.7x1.1x
Sat, 17 Jun 2023R625.1bR498.1bR118.6b4.8x5.3x1.3x
Mon, 15 May 2023R682.4bR499.2bR119.5b5.2x5.7x1.4x
Wed, 12 Apr 2023R627.9bR498.3bR119.3b4.9x5.3x1.3x
Price to Earnings Ratio

5.3x


Total Market Cap: R627.9bTotal 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 -249.6x202420252026
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 31.6x which is higher than its 3-year average PE of -250x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.2x.
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 6.7% 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 Market2.87%
Materials9.25%
Metals and Mining10.66%
Precious Metals and Minerals9.94%
Gold12.33%
Copper8.06%
Diversified Metals and Mining7.54%
Aluminum7.34%
Steel4.91%
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 PlatinumR1.46k11.7%
+R40.0b		153.5%PE24.8x
IMP Impala Platinum HoldingsR245.3210.2%
+R20.4b		167.7%PE26.8x
SSW Sibanye StillwaterR52.217.3%
+R10.1b		215.7%PS1.1x
NPH Northam Platinum HoldingsR348.087.9%
+R10.1b		245.6%PE14.9x
THA TharisaR25.806.7%
+R482.9m		91.1%PE5.7x

Latest News

IMP
R245.32
Impala Platinum Holdings
7D
10.2%
1Y
167.7%

IMP: Recent Upgrades Will Test Execution And Profitability Assumptions Going Forward

Analysts have trimmed their ZAR fair value estimate for Impala Platinum Holdings from ZAR246.17 to ZAR225.00, reflecting updated assumptions on revenue growth, profitability and future P/E following recent upgrades from major firms that have reassessed the stock's long term risk and return profile. Analyst Commentary The recent fair value trim to ZAR225.00 comes as several major houses revisit their assumptions on revenue, margins and the sustainability of current P/E levels for Impala Platinum Holdings.
SSW
R52.21
Sibanye Stillwater
7D
7.3%
1Y
215.7%

SSW: Higher Earnings Outlook And Execution Risks Will Shape Future Returns

The analyst price target for Sibanye Stillwater has been raised from ZAR38.00 to about ZAR49.92, with analysts citing updated assumptions on fair value, discount rate, revenue growth, profit margins, and a higher future P/E multiple as the main drivers of this change. Analyst Commentary Recent research updates highlight a mix of optimism and caution around Sibanye Stillwater, with the raised ZAR49.92 price target sitting alongside more guarded views on the company’s ability to deliver on those assumptions.
VAL
R1,459.72
Valterra Platinum
7D
11.7%
1Y
153.5%
GML
R1.10
Gemfields Group
7D
1.9%
1Y
-16.7%
NPH
R348.08
Northam Platinum Holdings
7D
7.9%
1Y
245.6%

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.
THA
R25.80
Tharisa
7D
6.7%
1Y
91.1%