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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies6
  • 7D18.4%
  • 3M49.8%
  • 1Y280.7%
  • YTDn/a

The Precious Metals and Minerals industry is up 17% in the last week, with Valterra Platinum up 22%. This takes the industry's 12 month performance to a gain of 249%. Looking forward, earnings are forecast to grow by 39% 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, 28 Feb 2026R1.2tR376.4bR12.1b69.8x97.6x3.1x
Mon, 26 Jan 2026R1.1tR341.4b-R413,227,368.80219.4x-2768.8x3.4x
Wed, 24 Dec 2025R944.7bR341.8b-R429,666,859.60187.3x-2198.6x2.8x
Fri, 21 Nov 2025R723.2bR342.8b-R914,898,168.80142.5x-790.4x2.1x
Sun, 19 Oct 2025R761.3bR342.9b-R934,409,995.80151.6x-814.8x2.2x
Tue, 16 Sep 2025R621.7bR343.8b-R493,924,902.60124.4x-1258.7x1.8x
Thu, 14 Aug 2025R581.4bR341.6b-R21,007,032,056.4031.6x-27.7x1.7x
Sat, 12 Jul 2025R556.7bR351.7b-R15,278,213,760.8018.8x-36.4x1.6x
Mon, 09 Jun 2025R485.1bR351.7b-R15,279,477,825.5517x-31.8x1.4x
Wed, 07 May 2025R389.7bR353.7b-R14,727,205,950.2013.3x-26.5x1.1x
Fri, 04 Apr 2025R384.7bR354.7b-R13,420,765,959.5013.8x-28.7x1.1x
Sun, 02 Mar 2025R310.7bR354.6b-R13,425,405,693.5011.7x-23.1x0.9x
Tue, 28 Jan 2025R348.9bR355.6b-R54,192,389,035.807.8x-6.4x1x
Thu, 26 Dec 2024R330.5bR355.5b-R54,197,211,547.208.2x-6.1x0.9x
Sat, 23 Nov 2024R367.0bR354.3b-R54,494,313,703.208.8x-6.7x1x
Mon, 21 Oct 2024R387.7bR353.8b-R54,522,180,921.609.5x-7.1x1.1x
Wed, 18 Sep 2024R341.2bR354.2b-R55,569,445,669.0013.1x-6.1x1x
Fri, 16 Aug 2024R353.4bR369.5b-R35,731,162,951.609.5x-9.9x1x
Sun, 14 Jul 2024R369.8bR381.9b-R34,313,614,017.808.7x-10.8x1x
Tue, 11 Jun 2024R344.3bR382.6b-R34,258,342,542.808x-10.1x0.9x
Thu, 09 May 2024R386.1bR381.9b-R34,012,699,389.508.5x-11.4x1x
Sat, 06 Apr 2024R399.5bR382.0b-R34,005,607,536.009x-11.7x1x
Mon, 04 Mar 2024R354.7bR397.9bR17.2b6x20.6x0.9x
Wed, 31 Jan 2024R438.1bR449.5bR53.2b8x8.2x1x
Fri, 29 Dec 2023R502.1bR449.2bR53.2b8.6x9.4x1.1x
Sun, 26 Nov 2023R416.2bR450.2bR53.8b8x7.7x0.9x
Tue, 24 Oct 2023R403.7bR450.4bR53.9b8.4x7.5x0.9x
Thu, 21 Sep 2023R467.5bR450.9bR55.4b6.6x8.4x1x
Sat, 19 Aug 2023R438.9bR475.6bR97.3b4x4.5x0.9x
Mon, 17 Jul 2023R553.2bR498.0bR118.6b4.4x4.7x1.1x
Wed, 14 Jun 2023R628.6bR498.5bR118.7b4.7x5.3x1.3x
Fri, 12 May 2023R658.4bR499.1bR119.5b5x5.5x1.3x
Sun, 09 Apr 2023R603.0bR498.1bR119.1b4.7x5.1x1.2x
Tue, 07 Mar 2023R621.3bR489.0bR117.1b5.3x5.3x1.3x
Price to Earnings Ratio

5.3x


Total Market Cap: R621.3bTotal Earnings: R117.1bTotal Revenue: R489.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -250.7x202420252026
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 93.3x which is higher than its 3-year average PE of -251x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Precious Metals and Minerals industry have declined 53% per year over the last three years,
  • Revenues have also declined 8.3% 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 Market3.99%
Materials11.95%
Metals and Mining12.62%
Precious Metals and Minerals18.41%
Diversified Metals and Mining9.43%
Gold8.17%
Aluminum2.84%
Copper2.60%
Steel2.05%
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 PlatinumR1.86k22.2%
+R88.1b		231.2%PE31.7x
IMP Impala Platinum HoldingsR353.6722.0%
+R57.3b		301.3%PE416.9x
SSW Sibanye StillwaterR70.0011.0%
+R19.6b		397.2%PS1.5x
NPH Northam Platinum HoldingsR433.3512.0%
+R17.5b		347.7%PE107.9x
GML Gemfields GroupR1.204.3%
+R86.2m		-21.6%PS0.8x

Latest News

VAL
R1,864.39
Valterra Platinum
7D
22.2%
1Y
231.2%
NPH
R433.35
Northam Platinum Holdings
7D
12.0%
1Y
347.7%

NPH: Higher P/E Outlook And Strong Output Will Support Bullish Repricing

Analysts have maintained their ZAR490.00 price target for Northam Platinum Holdings, citing a slightly lower discount rate, small increases in assumed revenue growth and profit margins, and a higher future P/E expectation following more positive recent research commentary. Analyst Commentary Recent commentary has reinforced the ZAR490.00 price target, with bullish analysts pointing to a mix of valuation support, improved assumptions and a more constructive view on the company’s earnings profile.
SSW
R70.00
Sibanye Stillwater
7D
11.0%
1Y
397.2%
THA
R28.36
Tharisa
7D
-2.2%
1Y
118.2%
IMP
R353.67
Impala Platinum Holdings
7D
22.0%
1Y
301.3%

IMP: Broker Upgrades Will Likely Prove Vulnerable To Execution Risks

Analysts have raised their ZAR price target on Impala Platinum Holdings to ZAR246.17, based on research that incorporates slightly firmer revenue growth and profit margin assumptions, a modestly lower future P/E, and a small adjustment to the discount rate. Analyst Commentary Even with a higher ZAR price target, not every analyst is enthusiastic.
GML
R1.20
Gemfields Group
7D
4.3%
1Y
-21.6%