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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies6
  • 7D-4.0%
  • 3M38.8%
  • 1Y176.3%
  • YTDn/a

Over the last 7 days, the Precious Metals and Minerals industry has dropped 1.9%, driven by a pullback from Sibanye Stillwater of 10.0%. This takes the industry's 12 month performance to a gain of 187%. Earnings are forecast to grow by 51% 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, 20 Feb 2026R960.1bR341.4b-R415,030,006.80191.7x-2313.3x2.8x
Sun, 18 Jan 2026R1.0tR341.6b-R421,445,694.80197x-2402.9x3x
Tue, 16 Dec 2025R837.3bR341.9b-R432,062,806.80169.9x-1937.8x2.4x
Thu, 13 Nov 2025R724.5bR342.7b-R907,317,821.60145.9x-798.5x2.1x
Sat, 11 Oct 2025R763.1bR342.9b-R941,222,290.20153.9x-810.8x2.2x
Mon, 08 Sep 2025R613.8bR344.0b-R501,209,548.80121.8x-1224.6x1.8x
Wed, 06 Aug 2025R574.0bR341.9b-R21,018,815,864.8031.2x-27.3x1.7x
Fri, 04 Jul 2025R537.0bR351.5b-R15,270,998,751.7018.4x-35.2x1.5x
Sun, 01 Jun 2025R444.1bR351.9b-R15,285,350,049.7015.7x-29.1x1.3x
Tue, 29 Apr 2025R376.0bR354.1b-R14,726,981,718.0013x-25.5x1.1x
Thu, 27 Mar 2025R422.8bR354.2b-R13,456,133,386.4015.5x-31.4x1.2x
Sat, 22 Feb 2025R342.3bR352.0b-R58,783,350,469.6012.7x-5.8x1x
Mon, 20 Jan 2025R349.7bR355.6b-R54,192,318,736.808.4x-6.5x1x
Wed, 18 Dec 2024R335.0bR355.0b-R54,235,271,425.808.1x-6.2x0.9x
Fri, 15 Nov 2024R364.0bR354.4b-R54,484,106,361.609x-6.7x1x
Sun, 13 Oct 2024R367.8bR353.6b-R55,625,086,129.6014.4x-6.6x1x
Tue, 10 Sep 2024R303.5bR359.9b-R40,658,504,964.0013.1x-7.5x0.8x
Thu, 08 Aug 2024R348.4bR369.9b-R35,707,775,451.209.2x-9.8x0.9x
Sat, 06 Jul 2024R382.5bR382.1b-R34,301,306,038.609.1x-11.2x1x
Mon, 03 Jun 2024R374.4bR382.7b-R34,254,668,868.408.2x-10.9x1x
Wed, 01 May 2024R369.3bR382.1b-R33,995,810,245.008.2x-10.9x1x
Fri, 29 Mar 2024R386.0bR382.2b-R35,000,008,413.009x-11x1x
Sun, 25 Feb 2024R361.2bR417.6bR35.3b9.8x10.2x0.9x
Tue, 23 Jan 2024R433.4bR449.9bR53.2b7.6x8.1x1x
Thu, 21 Dec 2023R483.7bR449.0bR53.1b8.3x9.1x1.1x
Sat, 18 Nov 2023R417.2bR449.8bR53.8b8.2x7.8x0.9x
Mon, 16 Oct 2023R453.0bR450.4bR53.9b8.8x8.4x1x
Wed, 13 Sep 2023R404.6bR451.1bR55.4b5.5x7.3x0.9x
Fri, 11 Aug 2023R507.2bR477.7bR99.8b4.3x5.1x1.1x
Sun, 09 Jul 2023R499.1bR498.8bR118.7b4.3x4.2x1x
Tue, 06 Jun 2023R649.6bR499.2bR118.8b5x5.5x1.3x
Thu, 04 May 2023R680.9bR498.1bR119.3b5.4x5.7x1.4x
Sat, 01 Apr 2023R605.3bR497.7bR119.0b4.5x5.1x1.2x
Mon, 27 Feb 2023R650.0bR503.6bR119.0b5.3x5.5x1.3x
Price to Earnings Ratio

5.5x


Total Market Cap: R650.0bTotal Earnings: R119.0bTotal Revenue: R503.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -244.1x202420252026
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 Market-0.21%
Materials-3.87%
Metals and Mining-4.62%
Precious Metals and Minerals-3.98%
Copper0%0
Diversified Metals and Mining-4.26%
Gold-4.81%
Aluminum-4.93%
Steel-8.45%
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 TharisaR28.891.3%
+R112.6m		107.8%PE6.7x

Latest News

THA
R28.89
Tharisa
7D
1.3%
1Y
107.8%
IMP
R278.22
Impala Platinum Holdings
7D
-3.9%
1Y
181.3%

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.
SSW
R61.94
Sibanye Stillwater
7D
-10.0%
1Y
262.4%

SSW: Recent Bank Upgrades And Keliber Progress Will Support Repricing

Analysts have raised their ZAR price target on Sibanye Stillwater by ZAR4, citing updated assumptions for discount rates, profit margins and future P/E, supported by recent upgrades and more constructive views from several research houses. Analyst Commentary Bullish analysts are leaning into a more constructive view on Sibanye Stillwater, with recent research pointing to updated assumptions for discount rates, profit margins and future P/E as key drivers behind higher valuation ranges.
VAL
R1,467.21
Valterra Platinum
7D
-1.5%
1Y
137.4%

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
R370.07
Northam Platinum Holdings
7D
-3.1%
1Y
236.4%

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.
GML
R1.14
Gemfields Group
7D
-3.4%
1Y
-21.4%