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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies6
  • 7D6.2%
  • 3M37.4%
  • 1Y149.0%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has risen 6.2%, driven by gains from Valterra Platinum of 7.2%. Meanwhile, Gemfields Group actually underperformed within the industry, shrinking 12% in the last week. This takes the industry's 12 month performance to a gain of 149%. Earnings are forecast to grow by 48% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Dec 2025R853.9bR342.0b-R434,541,079.20171.9x-1965x2.5x
Mon, 10 Nov 2025R688.2bR342.8b-R930,756,179.40139.4x-739.4x2x
Wed, 08 Oct 2025R767.1bR342.8b-R927,636,660.60151.6x-826.9x2.2x
Fri, 05 Sep 2025R584.3bR344.2b-R506,674,547.30115.6x-1153.2x1.7x
Sun, 03 Aug 2025R570.2bR342.1b-R21,023,487,605.9030.6x-27.1x1.7x
Tue, 01 Jul 2025R525.6bR351.7b-R15,276,884,600.5018x-34.4x1.5x
Thu, 29 May 2025R454.5bR351.8b-R15,283,712,064.0015.9x-29.7x1.3x
Sat, 26 Apr 2025R376.0bR354.1b-R14,726,832,507.0013x-25.5x1.1x
Mon, 24 Mar 2025R415.2bR354.1b-R13,459,746,755.0015x-30.8x1.2x
Wed, 19 Feb 2025R353.4bR352.1b-R58,778,014,775.5013.2x-6x1x
Fri, 17 Jan 2025R347.4bR355.6b-R54,187,461,075.908.3x-6.4x1x
Sun, 15 Dec 2024R344.3bR354.7b-R54,253,563,225.608.3x-6.3x1x
Tue, 12 Nov 2024R380.6bR354.1b-R54,504,868,195.209.3x-7x1.1x
Thu, 10 Oct 2024R370.3bR353.8b-R55,610,242,650.4014.3x-6.7x1x
Sat, 07 Sep 2024R313.8bR359.9b-R40,658,896,900.6013.4x-7.7x0.9x
Mon, 05 Aug 2024R369.3bR369.7b-R35,716,169,914.209.8x-10.3x1x
Wed, 03 Jul 2024R339.5bR382.5b-R34,275,379,725.008x-9.9x0.9x
Fri, 31 May 2024R382.6bR382.5b-R34,264,677,876.208.5x-11.2x1x
Sun, 28 Apr 2024R364.0bR382.1b-R33,996,012,251.007.9x-10.7x1x
Tue, 26 Mar 2024R395.4bR382.1b-R35,003,240,509.009.2x-11.3x1x
Thu, 22 Feb 2024R342.1bR417.2bR35.3b9.6x9.7x0.8x
Sat, 20 Jan 2024R437.1bR449.7bR53.2b7.8x8.2x1x
Mon, 18 Dec 2023R450.0bR449.7bR53.8b8x8.4x1x
Wed, 15 Nov 2023R415.5bR449.7bR53.8b8.3x7.7x0.9x
Fri, 13 Oct 2023R434.4bR450.4bR53.9b8.7x8.1x1x
Sun, 10 Sep 2023R394.7bR451.3bR55.4b5.3x7.1x0.9x
Tue, 08 Aug 2023R505.0bR477.7bR99.8b4.3x5.1x1.1x
Thu, 06 Jul 2023R521.3bR498.7bR118.7b4.4x4.4x1x
Sat, 03 Jun 2023R653.4bR499.5bR118.9b5x5.5x1.3x
Mon, 01 May 2023R675.7bR498.2bR119.3b5.6x5.7x1.4x
Wed, 29 Mar 2023R640.6bR498.0bR119.1b4.7x5.4x1.3x
Fri, 24 Feb 2023R658.3bR503.4bR118.9b5.5x5.5x1.3x
Sun, 22 Jan 2023R799.7bR530.7bR128.8b5.9x6.2x1.5x
Tue, 20 Dec 2022R810.2bR530.9bR128.8b6.3x6.3x1.5x
Price to Earnings Ratio

6.3x


Total Market Cap: R810.2bTotal Earnings: R128.8bTotal Revenue: R530.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -95.8x202320242025
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 2.5x.
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 Market0.78%
Materials4.32%
Metals and Mining4.58%
Precious Metals and Minerals6.20%
Gold3.83%
Diversified Metals and Mining2.63%
Steel-0.34%
Aluminum-9.58%
Copper-20.27%
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 PlatinumR1.33k7.2%
+R23.5b		124.7%PE263.7x
SSW Sibanye StillwaterR58.658.5%
+R13.0b		224.6%PS1.5x
IMP Impala Platinum HoldingsR233.814.7%
+R9.4b		131.8%PE275.6x
NPH Northam Platinum HoldingsR321.553.5%
+R4.1b		219.1%PE80.1x
THA TharisaR20.792.7%
+R158.4m		29.9%PE4.6x

Latest News

GML
R1.19
Gemfields Group
7D
-11.9%
1Y
-39.0%

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
SSW
R58.65
Sibanye Stillwater
7D
8.5%
1Y
224.6%

SSW: Future Returns Will Depend On Chrome Deals And Leadership Transition

Analysts have nudged their price target on Sibanye Stillwater higher to approximately $50 from about $47, citing slightly stronger expectations for revenue growth and profit margins, despite a modest uptick in the assumed discount rate and a largely unchanged future earnings multiple. What's in the News Sibanye Stillwater agreed to a USD 215 million commercial settlement with Appian Capital Advisory over the terminated Atlantic Nickel and Mineração Vale Verde acquisition, resolving the dispute ahead of a quantum trial that had been set for November 2025 (Key Developments).
IMP
R233.81
Impala Platinum Holdings
7D
4.7%
1Y
131.8%

IMP: Future Returns Will Reflect Mixed Production Trends And Improving Margins

Analysts have slightly lowered their price target for Impala Platinum Holdings to R227.02 from R227.65, citing a marginally higher discount rate and slightly softer revenue growth expectations, partly offset by an improved profit margin outlook and a near unchanged future P/E assumption. 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 modest operational pressure (company announcement).
THA
R20.79
Tharisa
7D
2.7%
1Y
29.9%
NPH
R321.55
Northam Platinum Holdings
7D
3.5%
1Y
219.1%

NPH: Rising Discount Rate Will Limit Upside Despite Margin Improvement

Northam Platinum Holdings' analyst price target has been modestly adjusted downward from R280.19 to R274.94. Analysts cite slightly lower revenue growth expectations, despite improvements in projected profit margins.
VAL
R1,328.54
Valterra Platinum
7D
7.2%
1Y
124.7%

VAL: Shares Will Face Pressure Amid Sustainability Concerns Despite Recent Stock Rally

Analysts have increased their price target for Valterra Platinum from £26.00 to £32.00 per share. They cite a modest improvement in revenue growth expectations and updated model assumptions as the reasons for this adjustment.