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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies6
  • 7D5.3%
  • 3M-1.7%
  • 1Y148.7%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has dropped 3.2%, driven by a pullback from Tharisa of 1.9%. In contrast, Valterra Platinum has gained 7.9%. In the past year, the industry has gained 143%. 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
Thu, 09 Apr 2026R944.9bR403.7bR28.4b21x33.3x2.3x
Sat, 07 Mar 2026R982.4bR404.1bR27.2b21.8x36.2x2.4x
Mon, 02 Feb 2026R1.1tR341.4b-R414,127,268.40200.2x-2539.6x3.1x
Wed, 31 Dec 2025R935.7bR341.7b-R426,410,756.00186.8x-2194.3x2.7x
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
Price to Earnings Ratio

5.3x


Total Market Cap: R634.4bTotal Earnings: R119.3bTotal Revenue: R498.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -249.5x202420252026
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 30.5x 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 2.1x.
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 6.7% 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 Market3.21%
Materials2.37%
Metals and Mining2.85%
Precious Metals and Minerals5.31%
Copper2.99%
Diversified Metals and Mining2.91%
Gold0.79%
Aluminum0.53%
Steel-0.63%
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 PlatinumR1.55k6.1%
+R23.5b		134.1%PE26.3x
IMP Impala Platinum HoldingsR260.946.4%
+R14.0b		139.4%PE28.5x
NPH Northam Platinum HoldingsR363.774.5%
+R6.2b		193.6%PE15.6x
SSW Sibanye StillwaterR53.622.7%
+R4.0b		183.6%PS1.2x
GML Gemfields GroupR1.154.5%
+R86.2m		-23.3%PS0.9x

Latest News

VAL
R1,549.32
Valterra Platinum
7D
6.1%
1Y
134.1%

VAL: Dividend Windfall And Higher EPS Will Support Future Returns

Analysts have revised their ZAR price target on Valterra Platinum to ZAR2,160, reflecting updated views on revenue growth, profit margins and the appropriate P/E multiple following recent Street research. Analyst Commentary Bullish analysts point to the revised ZAR2,160 price target as a key marker of confidence in Valterra Platinum's ability to align revenue trends, profit margins and its P/E multiple with updated Street expectations.
NPH
R363.77
Northam Platinum Holdings
7D
4.5%
1Y
193.6%

NPH: Higher Discount Rate And Strong Output Will Support Bullish Repricing

Analysts have kept their ZAR 490.00 price target for Northam Platinum Holdings unchanged, while adjusting key inputs such as a higher discount rate, lower revenue growth and profit margin assumptions, and a higher future P/E. These changes reflect updated research that incorporates a more constructive stance from recent Street commentary.
IMP
R260.94
Impala Platinum Holdings
7D
6.4%
1Y
139.4%

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
R53.62
Sibanye Stillwater
7D
2.7%
1Y
183.6%

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.
GML
R1.15
Gemfields Group
7D
4.5%
1Y
-23.3%
THA
R25.50
Tharisa
7D
-1.2%
1Y
104.3%