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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedMay 02, 2026
DataAggregated Company Financials
Companies6
  • 7D-5.5%
  • 3M-21.2%
  • 1Y118.3%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has dropped 5.5%, driven by Valterra Platinum declining 5.6%. This takes the industry's 12 month performance to a gain of 118%. 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
Sat, 02 May 2026R834.1bR403.9bR28.4b18.2x29.4x2.1x
Mon, 30 Mar 2026R816.1bR404.2bR28.4b18x28.7x2x
Wed, 25 Feb 2026R1.0tR359.2b-R2,026,055,075.20205.9x-508.2x2.9x
Fri, 23 Jan 2026R1.1tR341.4b-R414,189,722.00211.8x-2646x3.2x
Sun, 21 Dec 2025R882.0bR341.9b-R431,798,798.40178.1x-2042.6x2.6x
Tue, 18 Nov 2025R709.6bR342.7b-R907,323,387.20142.6x-782.1x2.1x
Thu, 16 Oct 2025R787.3bR342.8b-R933,753,255.00157.3x-843.1x2.3x
Sat, 13 Sep 2025R621.4bR343.8b-R494,148,952.40124.2x-1257.6x1.8x
Mon, 11 Aug 2025R595.1bR341.8b-R21,014,225,871.6032.1x-28.3x1.7x
Wed, 09 Jul 2025R550.7bR351.7b-R15,279,561,087.3018.7x-36x1.6x
Fri, 06 Jun 2025R462.9bR351.7b-R15,277,986,683.3016.2x-30.3x1.3x
Sun, 04 May 2025R381.7bR353.9b-R14,727,029,982.2013x-25.9x1.1x
Tue, 01 Apr 2025R422.3bR354.2b-R13,452,309,120.8015.1x-31.4x1.2x
Thu, 27 Feb 2025R331.3bR355.9b-R13,408,085,074.5012.4x-24.7x0.9x
Sat, 25 Jan 2025R348.9bR355.2b-R54,217,324,091.108.2x-6.4x1x
Mon, 23 Dec 2024R333.0bR355.2b-R54,222,020,064.308.3x-6.1x0.9x
Wed, 20 Nov 2024R380.0bR354.2b-R54,496,267,824.009.2x-7x1.1x
Fri, 18 Oct 2024R366.0bR353.9b-R54,518,177,493.609.1x-6.7x1x
Sun, 15 Sep 2024R324.5bR354.4b-R55,560,442,826.8012.8x-5.8x0.9x
Tue, 13 Aug 2024R345.8bR369.7b-R35,716,023,669.209.3x-9.7x0.9x
Thu, 11 Jul 2024R314.7bR268.4bR3.5b8.8x90.7x1.2x
Sat, 08 Jun 2024R344.3bR382.8b-R34,249,029,661.208x-10.1x0.9x
Mon, 06 May 2024R369.8bR381.8b-R34,018,362,772.008.3x-10.9x1x
Wed, 03 Apr 2024R392.9bR382.0b-R33,998,984,625.009.2x-11.6x1x
Fri, 01 Mar 2024R359.0bR417.4bR35.3b9.8x10.2x0.9x
Sun, 28 Jan 2024R451.9bR449.5bR53.2b7.8x8.5x1x
Tue, 26 Dec 2023R494.0bR449.2bR53.2b8.1x9.3x1.1x
Thu, 23 Nov 2023R399.7bR450.0bR53.8b8.1x7.4x0.9x
Sat, 21 Oct 2023R419.1bR450.4bR53.9b8.4x7.8x0.9x
Mon, 18 Sep 2023R459.3bR451.1bR55.4b6.5x8.3x1x
Wed, 16 Aug 2023R457.9bR478.1bR99.9b4x4.6x1x
Fri, 14 Jul 2023R547.5bR497.8bR118.6b4.4x4.6x1.1x
Sun, 11 Jun 2023R631.1bR498.6bR118.7b4.8x5.3x1.3x
Tue, 09 May 2023R719.0bR498.2bR119.3b5.7x6x1.4x
Price to Earnings Ratio

6x


Total Market Cap: R719.0bTotal Earnings: R119.3bTotal Revenue: R498.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -248.9x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Precious Metals and Minerals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 29.4x which is higher than its 3-year average PE of -249x.
  • 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 6.8% 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 Market-1.02%
Materials-4.15%
Metals and Mining-5.17%
Precious Metals and Minerals-5.46%
Steel0.60%
Aluminum-0.52%
Copper-1.56%
Diversified Metals and Mining-3.30%
Gold-5.67%
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
THA TharisaR25.401.6%
+R121.5m		92.4%PE5.7x

Latest News

GML
R0.90
Gemfields Group
7D
-9.1%
1Y
-11.8%
IMP
R232.26
Impala Platinum Holdings
7D
-4.0%
1Y
106.2%

IMP: Strong Earnings Outlook And Higher P/E Multiple Will Support Share Price

Analysts have raised their price target on Impala Platinum Holdings to around ZAR 529 from about ZAR 310, citing updated expectations that reflect higher modelled revenue growth, a revised assumed profit margin profile, and a higher future P/E multiple in their valuation work. What's in the News Management issued earnings guidance for the six months ended 31 December 2025, indicating headline earnings and headline earnings per share are expected to be higher by a little over 4x compared with the prior period.
SSW
R49.67
Sibanye Stillwater
7D
-6.6%
1Y
135.4%

SSW: Higher Discount Rates And Margin Assumptions Will Shape Future Returns

Analysts have trimmed their Sibanye Stillwater price target by ZAR2, reflecting slightly higher discount rate assumptions and more cautious revenue growth expectations. This is partly offset by a modestly stronger profit margin outlook and a marginally lower future P/E multiple.
VAL
R1,335.00
Valterra Platinum
7D
-5.6%
1Y
110.9%
THA
R25.40
Tharisa
7D
1.6%
1Y
92.4%
NPH
R320.00
Northam Platinum Holdings
7D
-6.5%
1Y
153.4%

NPH: Higher Required Returns Will Pressure Optimistic Margin And P/E Assumptions

Analysts have raised their price target on Northam Platinum Holdings from ZAR131.11 to ZAR270.00, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples, along with a more positive stance in recent Street research. Analyst Commentary Even with a higher price target framework on Northam Platinum Holdings, not all research has been uniformly positive.