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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies6
  • 7D1.3%
  • 3M43.2%
  • 1Y170.0%
  • YTDn/a

In the last week, the Precious Metals and Minerals industry is up 2.6%, with Valterra Platinum up 3.9%. This means that the industry has gained 169% over the past year. As for the next few years, earnings are expected to grow by 52% 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
Mon, 16 Feb 2026R976.9bR341.3b-R408,282,179.20192.9x-2392.7x2.9x
Wed, 14 Jan 2026R1.0tR341.6b-R421,982,228.00203x-2466.5x3x
Fri, 12 Dec 2025R815.9bR341.9b-R433,729,182.40166x-1881.2x2.4x
Sun, 09 Nov 2025R688.2bR342.8b-R930,756,179.40139.4x-739.4x2x
Tue, 07 Oct 2025R765.7bR342.7b-R924,258,341.40152.7x-828.4x2.2x
Thu, 04 Sep 2025R615.0bR344.1b-R503,404,631.30120x-1221.8x1.8x
Sat, 02 Aug 2025R570.2bR342.1b-R21,023,487,605.9030.6x-27.1x1.7x
Mon, 30 Jun 2025R518.6bR351.8b-R15,281,262,654.7017.9x-33.9x1.5x
Wed, 28 May 2025R458.6bR351.9b-R15,284,453,850.5016.1x-30x1.3x
Fri, 25 Apr 2025R390.0bR354.2b-R14,726,740,236.6013.2x-26.5x1.1x
Sun, 23 Mar 2025R415.2bR354.1b-R13,459,746,755.0015x-30.8x1.2x
Tue, 18 Feb 2025R363.7bR352.1b-R58,776,981,380.2013.6x-6.2x1x
Thu, 16 Jan 2025R355.3bR355.6b-R54,189,000,624.008.5x-6.6x1x
Sat, 14 Dec 2024R344.3bR354.7b-R54,253,717,883.408.3x-6.3x1x
Mon, 11 Nov 2024R391.7bR353.8b-R54,523,233,571.209.6x-7.2x1.1x
Wed, 09 Oct 2024R367.6bR353.8b-R55,614,414,054.4014.2x-6.6x1x
Fri, 06 Sep 2024R317.3bR359.7b-R40,667,981,640.0013.5x-7.8x0.9x
Sun, 04 Aug 2024R369.3bR369.7b-R35,716,169,914.209.8x-10.3x1x
Tue, 02 Jul 2024R339.5bR382.3b-R34,278,641,348.808x-9.9x0.9x
Thu, 30 May 2024R401.2bR382.2b-R34,284,344,903.808.9x-11.7x1x
Sat, 27 Apr 2024R364.0bR382.1b-R33,996,012,251.007.9x-10.7x1x
Mon, 25 Mar 2024R396.9bR383.0b-R34,363,573,225.008.1x-11.5x1x
Wed, 21 Feb 2024R358.4bR417.2bR35.3b10x10.2x0.9x
Fri, 19 Jan 2024R439.0bR449.7bR53.2b7.9x8.3x1x
Sun, 17 Dec 2023R450.0bR449.7bR53.8b8x8.4x1x
Tue, 14 Nov 2023R391.5bR450.1bR53.8b8x7.3x0.9x
Thu, 12 Oct 2023R436.2bR450.2bR53.8b8.7x8.1x1x
Sat, 09 Sep 2023R394.7bR451.3bR55.4b5.3x7.1x0.9x
Mon, 07 Aug 2023R505.2bR477.5bR99.8b4.3x5.1x1.1x
Wed, 05 Jul 2023R520.0bR498.6bR118.7b4.3x4.4x1x
Fri, 02 Jun 2023R651.3bR499.5bR118.9b5x5.5x1.3x
Sun, 30 Apr 2023R675.7bR498.2bR119.3b5.6x5.7x1.4x
Tue, 28 Mar 2023R623.1bR498.2bR119.1b4.6x5.2x1.3x
Thu, 23 Feb 2023R639.4bR503.3bR118.9b5.4x5.4x1.3x
Price to Earnings Ratio

5.4x


Total Market Cap: R639.4bTotal Earnings: R118.9bTotal Revenue: R503.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -235.4x202420252026
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 1.3x is lower than the industry's current PS ratio of 2.9x.
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 12% per year, which is driving profits down.

Industry Comparison

How does South African Precious Metals and Minerals compare with similar industries?

ZA Market0.26%
Materials0.37%
Metals and Mining0.018%
Precious Metals and Minerals1.28%
Copper4.00%
Gold-0.63%
Aluminum-3.18%
Steel-3.32%
Diversified Metals and Mining-3.41%
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 PlatinumR1.48k3.4%
+R12.6b		123.9%PE293.6x
SSW Sibanye StillwaterR67.841.5%
+R2.8b		298.4%PS1.7x
NPH Northam Platinum HoldingsR370.501.9%
+R2.6b		229.0%PE92.2x
GML Gemfields GroupR1.120.9%
+R17.2m		-7.4%PS0.8x

Latest News

IMP
R274.79
Impala Platinum Holdings
7D
-2.1%
1Y
169.7%
VAL
R1,479.42
Valterra Platinum
7D
3.4%
1Y
123.9%

VAL: Higher Earnings Guidance Will Support Stronger Future Profitability

Analysts have raised their price target for Valterra Platinum from $1,050 to $2,160, citing updated assumptions regarding fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Reported fourth quarter 2025 total mining and concentrating PGM production of 880,200 ounces compared with 875,700 ounces in the prior year quarter, with total refined production of 1,296,700 ounces compared with 1,210,700 ounces (company announcement of operating results).
NPH
R370.50
Northam Platinum Holdings
7D
1.9%
1Y
229.0%

NPH: Higher Margin Outlook Will Support Repriced Bullish Thesis

Analysts have raised their fair value estimate for Northam Platinum Holdings from R230.00 to R490.00, citing updated assumptions on revenue growth, profit margin, and future P/E following recent bullish research updates. Analyst Commentary Recent bullish research updates have pushed Northam Platinum Holdings further onto the radar of investors who focus on valuation reset stories.
THA
R28.35
Tharisa
7D
-4.7%
1Y
104.0%
SSW
R67.84
Sibanye Stillwater
7D
1.5%
1Y
298.4%

SSW: Recent Bank Upgrades And Project Progress Will Support Repricing

Analysts have roughly doubled their price target for Sibanye Stillwater to US$103.00 from US$50.00, citing updated assumptions for faster revenue growth, higher profit margins, and a lower future P/E multiple following recent upgrades from major banks. Analyst Commentary Recent upgrades from major banks have reinforced the view that Sibanye Stillwater could offer investors a more attractive balance between growth potential and valuation than previously assumed.
GML
R1.12
Gemfields Group
7D
0.9%
1Y
-7.4%