Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedDec 11, 2025
DataAggregated Company Financials
Companies6
  • 7D0.7%
  • 3M26.3%
  • 1Y123.6%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has remained flat, although notably Valterra Platinum gained 3.2%. As for the the longer term, the industry is up 124% over the past 12 months. Looking forward, earnings are forecast to grow by 45% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Dec 2025R790.4bR342.1b-R437,831,248.40160.2x-1805.3x2.3x
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
Sat, 21 Jan 2023R799.7bR530.8bR128.8b5.9x6.2x1.5x
Mon, 19 Dec 2022R797.1bR531.3bR128.9b6.1x6.2x1.5x
Price to Earnings Ratio

6.2x


Total Market Cap: R797.1bTotal Earnings: R128.9bTotal Revenue: R531.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -94x202320242025
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 2.3x.
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 Market0.12%
Materials1.02%
Metals and Mining1.30%
Precious Metals and Minerals0.72%
Copper22.00%
Gold2.28%
Diversified Metals and Mining0.99%
Steel-1.85%
Aluminum-6.50%
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 PlatinumR1.29k6.8%
+R21.6b		113.9%PE255.9x
IMP Impala Platinum HoldingsR223.703.7%
+R7.1b		118.1%PE263.7x
SSW Sibanye StillwaterR54.214.7%
+R6.8b		186.7%PS1.4x
NPH Northam Platinum HoldingsR305.341.1%
+R1.3b		195.5%PE76x

Latest News

SSW
R54.21
Sibanye Stillwater
7D
4.7%
1Y
186.7%

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
R223.70
Impala Platinum Holdings
7D
3.7%
1Y
118.1%

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
R20.32
Tharisa
7D
-2.5%
1Y
28.6%
NPH
R305.34
Northam Platinum Holdings
7D
1.1%
1Y
195.5%

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
R1,289.57
Valterra Platinum
7D
6.8%
1Y
113.9%

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.
GML
R1.28
Gemfields Group
7D
-3.0%
1Y
-26.0%

Is Gemfields Group (JSE:GML) A Risky Investment?

Oct 08
Is Gemfields Group (JSE:GML) A Risky Investment?