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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies6
  • 7D0.7%
  • 3M-14.7%
  • 1Y95.6%
  • YTDn/a

The Precious Metals and Minerals industry has stayed flat over the last week. The past year has been better, since the industry has gained 96% in that time. Looking forward, 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, 28 Mar 2026R822.4bR404.6bR27.1b18.2x30.3x2x
Mon, 23 Feb 2026R995.4bR359.3b-R2,028,470,894.00199.5x-490.7x2.8x
Wed, 21 Jan 2026R1.0tR341.6b-R421,070,973.20200.7x-2457.4x3x
Fri, 19 Dec 2025R879.5bR341.9b-R430,538,371.20178x-2042.7x2.6x
Sun, 16 Nov 2025R710.8bR342.7b-R908,447,638.40143.7x-782.4x2.1x
Tue, 14 Oct 2025R787.3bR342.8b-R932,434,207.80159.2x-844.4x2.3x
Thu, 11 Sep 2025R630.7bR344.0b-R497,933,577.40126x-1266.6x1.8x
Sat, 09 Aug 2025R595.1bR341.8b-R21,014,225,871.6032.1x-28.3x1.7x
Mon, 07 Jul 2025R562.9bR351.6b-R15,273,602,573.7019.3x-36.9x1.6x
Wed, 04 Jun 2025R434.6bR351.8b-R15,282,049,856.7015.2x-28.4x1.2x
Fri, 02 May 2025R382.3bR354.0b-R14,726,921,318.2013.2x-26x1.1x
Sun, 30 Mar 2025R424.7bR354.3b-R13,444,295,034.8015.3x-31.6x1.2x
Tue, 25 Feb 2025R334.5bR355.9b-R13,410,264,343.5012.4x-24.9x0.9x
Thu, 23 Jan 2025R347.7bR355.3b-R54,210,223,892.108.3x-6.4x1x
Sat, 21 Dec 2024R333.0bR355.2b-R54,222,118,482.908.3x-6.1x0.9x
Mon, 18 Nov 2024R366.8bR354.4b-R54,487,936,214.409x-6.7x1x
Wed, 16 Oct 2024R351.6bR353.8b-R54,519,750,868.808.8x-6.4x1x
Fri, 13 Sep 2024R299.8bR359.8b-R40,663,494,843.4012.1x-7.4x0.8x
Sun, 11 Aug 2024R345.9bR369.8b-R35,713,092,919.409.2x-9.7x0.9x
Tue, 09 Jul 2024R319.2bR268.4bR3.5b9.1x92.1x1.2x
Thu, 06 Jun 2024R354.3bR382.8b-R34,245,730,374.008.2x-10.3x0.9x
Sat, 04 May 2024R369.8bR381.8b-R34,018,362,772.008.3x-10.9x1x
Mon, 01 Apr 2024R386.0bR382.1b-R33,991,192,965.009x-11.4x1x
Wed, 28 Feb 2024R362.4bR417.4bR35.3b10x10.3x0.9x
Fri, 26 Jan 2024R454.3bR449.6bR53.2b8.2x8.5x1x
Sun, 24 Dec 2023R494.0bR449.2bR53.2b8.1x9.3x1.1x
Tue, 21 Nov 2023R414.9bR449.8bR53.8b8.2x7.7x0.9x
Thu, 19 Oct 2023R434.1bR450.5bR53.9b8.7x8.1x1x
Sat, 16 Sep 2023R433.9bR451.1bR55.4b6.1x7.8x1x
Mon, 14 Aug 2023R504.6bR478.0bR99.9b4.2x5.1x1.1x
Wed, 12 Jul 2023R507.1bR498.5bR118.7b4.2x4.3x1x
Fri, 09 Jun 2023R641.4bR498.8bR118.7b4.8x5.4x1.3x
Sun, 07 May 2023R706.5bR498.3bR119.3b5.5x5.9x1.4x
Tue, 04 Apr 2023R606.8bR497.7bR119.0b4.7x5.1x1.2x
Price to Earnings Ratio

5.1x


Total Market Cap: R606.8bTotal Earnings: R119.0bTotal Revenue: R497.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -249.8x202420252026
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 30.3x which is higher than its 3-year average PE of -250x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Precious Metals and Minerals industry have declined 39% per year over the last three years,
  • Revenues have also declined 6.7% 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 Market1.65%
Materials2.56%
Metals and Mining2.66%
Precious Metals and Minerals0.74%
Diversified Metals and Mining5.64%
Gold4.90%
Steel0.21%
Copper-8.45%
Aluminum-11.76%
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
SSW Sibanye StillwaterR48.652.9%
+R3.8b		139.9%PS1.1x
NPH Northam Platinum HoldingsR322.502.4%
+R3.0b		140.2%PE13.8x
IMP Impala Platinum HoldingsR222.581.3%
+R2.5b		77.1%PE24.3x
THA TharisaR24.175.5%
+R376.2m		60.1%PE5.3x

Latest News

GML
R1.08
Gemfields Group
7D
-6.9%
1Y
-23.4%
VAL
R1,306.90
Valterra Platinum
7D
-1.0%
1Y
75.5%

VAL: Dividend Windfall And Higher Earnings Guidance Will Drive Future Returns

Analysts have kept the Valterra Platinum price target steady at ZAR2,160.00, highlighting updated assumptions around a ZAR18.44% discount rate, ZAR13.90% revenue growth, a ZAR29.78% profit margin and an ZAR18.37x future P/E as the key drivers behind the refreshed view. What's in the News The board approved a special cash dividend of ZAR5,300m, equal to ZAR20.00 per share, for the year ended 31 December 2025, with payment scheduled for 30 March 2026 on the JSE and 15 April 2026 on the LSE (Key Developments).
NPH
R322.50
Northam Platinum Holdings
7D
2.4%
1Y
140.2%

NPH: Upgraded View Will Rely On Higher Margins And Production Delivery

Analysts have revised their price target on Northam Platinum Holdings from ZAR 434.94 to ZAR 400.94. This reflects updated views on revenue growth, margins and future P/E multiples following recent research that has become more positive on the shares overall.
SSW
R48.65
Sibanye Stillwater
7D
2.9%
1Y
139.9%
IMP
R222.58
Impala Platinum Holdings
7D
1.3%
1Y
77.1%
THA
R24.17
Tharisa
7D
5.5%
1Y
60.1%