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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies6
  • 7D-2.6%
  • 3M17.1%
  • 1Y191.3%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has dropped 2.6%, driven by pullbacks in Sibanye Stillwater and Impala Platinum Holdings of 2.3% and 1.6%, respectively. This takes the industry's 12 month performance to a gain of 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
Wed, 31 Dec 2025R909.9bR341.8b-R429,627,116.40181x-2117.9x2.7x
Fri, 28 Nov 2025R741.3bR342.7b-R909,660,939.20147.3x-814.9x2.2x
Sun, 26 Oct 2025R706.7bR342.8b-R928,148,695.80138.8x-761.4x2.1x
Tue, 23 Sep 2025R668.9bR343.8b-R493,464,692.20134.3x-1355.5x1.9x
Thu, 21 Aug 2025R552.4bR341.7b-R21,011,809,767.0029.8x-26.3x1.6x
Sat, 19 Jul 2025R604.9bR351.7b-R15,277,032,957.8020x-39.6x1.7x
Mon, 16 Jun 2025R495.4bR351.8b-R15,283,324,518.4017.3x-32.4x1.4x
Wed, 14 May 2025R374.4bR353.8b-R14,727,127,667.0012.7x-25.4x1.1x
Fri, 11 Apr 2025R379.2bR355.3b-R13,373,201,656.1013.4x-28.4x1.1x
Sun, 09 Mar 2025R390.3bR354.2b-R13,457,658,874.7014.1x-29x1.1x
Tue, 04 Feb 2025R371.6bR355.6b-R54,187,847,720.408.8x-6.9x1x
Thu, 02 Jan 2025R316.2bR355.7b-R54,184,613,966.408x-5.8x0.9x
Sat, 30 Nov 2024R350.1bR354.9b-R54,239,848,315.208.3x-6.5x1x
Mon, 28 Oct 2024R436.9bR353.9b-R54,517,987,120.8010.5x-8x1.2x
Wed, 25 Sep 2024R359.6bR354.0b-R55,584,830,643.0014.1x-6.5x1x
Fri, 23 Aug 2024R365.8bR369.5b-R35,729,952,043.009.9x-10.2x1x
Sun, 21 Jul 2024R359.6bR382.2b-R34,295,660,981.608.5x-10.5x0.9x
Tue, 18 Jun 2024R335.4bR382.1b-R34,287,913,281.808x-9.8x0.9x
Thu, 16 May 2024R423.9bR381.6b-R34,035,194,200.509.3x-12.5x1.1x
Sat, 13 Apr 2024R464.4bR382.1b-R33,990,356,083.0010.2x-13.7x1.2x
Mon, 11 Mar 2024R370.8bR382.7b-R34,391,855,875.008.2x-10.8x1x
Wed, 07 Feb 2024R386.9bR435.7bR52.4b7.4x7.4x0.9x
Fri, 05 Jan 2024R460.7bR449.4bR53.2b8.5x8.7x1x
Sun, 03 Dec 2023R417.2bR450.1bR53.8b8.1x7.8x0.9x
Tue, 31 Oct 2023R395.9bR450.3bR53.9b8.2x7.4x0.9x
Thu, 28 Sep 2023R442.7bR450.6bR54.8b8.5x8.1x1x
Sat, 26 Aug 2023R456.3bR475.3bR97.2b4.1x4.7x1x
Mon, 24 Jul 2023R550.4bR497.9bR118.6b4.7x4.6x1.1x
Wed, 21 Jun 2023R582.5bR498.3bR118.7b4.5x4.9x1.2x
Fri, 19 May 2023R660.4bR499.3bR119.5b5.1x5.5x1.3x
Sun, 16 Apr 2023R634.4bR498.0bR119.3b5.1x5.3x1.3x
Tue, 14 Mar 2023R659.3bR492.1bR116.7b5.5x5.6x1.3x
Thu, 09 Feb 2023R766.0bR531.4bR128.9b5.7x5.9x1.4x
Sat, 07 Jan 2023R873.8bR530.8bR128.8b6.8x6.8x1.6x
Price to Earnings Ratio

6.8x


Total Market Cap: R873.8bTotal Earnings: R128.8bTotal Revenue: R530.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -130.2x20242025
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 2.7x.
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 Market0.50%
Materials-3.34%
Metals and Mining-3.74%
Precious Metals and Minerals-2.56%
Aluminum13.82%
Copper13.33%
Steel1.59%
Diversified Metals and Mining-0.40%
Gold-5.75%
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
NPH Northam Platinum HoldingsR344.420.8%
+R1.0b		253.6%PE85.7x
THA TharisaR27.004.9%
+R366.4m		66.5%PE6x
GML Gemfields GroupR1.321.5%
+R34.5m		-14.3%PS0.9x

Latest News

THA
R27.00
Tharisa
7D
4.9%
1Y
66.5%
SSW
R61.95
Sibanye Stillwater
7D
-2.3%
1Y
313.6%

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
R267.15
Impala Platinum Holdings
7D
-1.6%
1Y
204.4%

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
R1,450.00
Valterra Platinum
7D
-0.6%
1Y
154.9%
NPH
R344.42
Northam Platinum Holdings
7D
0.8%
1Y
253.6%

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
R1.32
Gemfields Group
7D
1.5%
1Y
-14.3%

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