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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies6
  • 7D6.2%
  • 3M37.4%
  • 1Y149.0%
  • YTDn/a

In the last week, the Precious Metals and Minerals industry is up 6.2%, with Valterra Platinum up 7.2%. During this same period, the Gemfields Group underperformed, falling 12%. In the last 12 months, the industry was up 149%. As for the next few years, earnings are expected to grow by 48% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025R853.9bR342.0b-R434,677,341.60171.9x-1964.4x2.5x
Tue, 11 Nov 2025R717.6bR342.7b-R910,835,280.80144.1x-787.9x2.1x
Thu, 09 Oct 2025R813.5bR342.7b-R922,755,629.40161.7x-881.6x2.4x
Sat, 06 Sep 2025R613.8bR344.0b-R501,209,548.80121.8x-1224.6x1.8x
Mon, 04 Aug 2025R570.2bR342.1b-R21,023,487,605.9030.6x-27.1x1.7x
Wed, 02 Jul 2025R525.6bR351.7b-R15,276,884,600.5018x-34.4x1.5x
Fri, 30 May 2025R453.6bR351.7b-R15,279,688,250.7015.9x-29.7x1.3x
Sun, 27 Apr 2025R376.0bR354.1b-R14,726,832,507.0013x-25.5x1.1x
Tue, 25 Mar 2025R407.0bR354.1b-R13,458,973,466.0014.6x-30.2x1.1x
Thu, 20 Feb 2025R353.4bR352.1b-R58,778,014,775.5013.2x-6x1x
Sat, 18 Jan 2025R349.7bR355.5b-R54,193,288,863.008.4x-6.5x1x
Mon, 16 Dec 2024R344.3bR354.7b-R54,253,563,225.608.3x-6.3x1x
Wed, 13 Nov 2024R376.1bR354.3b-R54,494,526,472.809.2x-6.9x1.1x
Fri, 11 Oct 2024R363.3bR353.7b-R55,618,081,530.4014.2x-6.5x1x
Sun, 08 Sep 2024R313.8bR359.9b-R40,658,896,900.6013.4x-7.7x0.9x
Tue, 06 Aug 2024R356.0bR370.0b-R35,700,240,908.809.3x-10x1x
Thu, 04 Jul 2024R364.8bR382.3b-R34,290,735,450.008.6x-10.6x1x
Sat, 01 Jun 2024R374.4bR382.7b-R34,254,668,868.408.2x-10.9x1x
Mon, 29 Apr 2024R364.0bR382.1b-R33,996,012,251.007.9x-10.7x1x
Wed, 27 Mar 2024R390.3bR382.2b-R34,996,350,661.509.3x-11.2x1x
Fri, 23 Feb 2024R359.2bR417.4bR35.3b10x10.2x0.9x
Sun, 21 Jan 2024R437.1bR449.7bR53.2b7.8x8.2x1x
Tue, 19 Dec 2023R450.0bR449.3bR53.2b7.9x8.5x1x
Thu, 16 Nov 2023R416.2bR449.6bR53.8b8.4x7.7x0.9x
Sat, 14 Oct 2023R453.0bR450.4bR53.9b8.8x8.4x1x
Mon, 11 Sep 2023R394.7bR451.3bR55.4b5.3x7.1x0.9x
Wed, 09 Aug 2023R492.6bR478.0bR99.9b4.1x4.9x1x
Fri, 07 Jul 2023R495.9bR499.0bR118.8b4.4x4.2x1x
Sun, 04 Jun 2023R653.4bR499.4bR118.9b5x5.5x1.3x
Tue, 02 May 2023R675.7bR498.2bR119.3b5.6x5.7x1.4x
Thu, 30 Mar 2023R631.9bR498.0bR119.1b4.7x5.3x1.3x
Sat, 25 Feb 2023R650.0bR503.5bR119.0b5.3x5.5x1.3x
Mon, 23 Jan 2023R799.7bR530.7bR128.8b5.9x6.2x1.5x
Wed, 21 Dec 2022R810.8bR530.9bR128.8b6.3x6.3x1.5x
Price to Earnings Ratio

6.3x


Total Market Cap: R810.8bTotal Earnings: R128.8bTotal Revenue: R530.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -97.6x202320242025
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 2.5x.
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 Market0.78%
Materials4.32%
Metals and Mining4.58%
Precious Metals and Minerals6.20%
Gold3.83%
Diversified Metals and Mining2.63%
Steel-0.34%
Aluminum-9.58%
Copper-20.27%
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 PlatinumR1.33k7.2%
+R23.5b		124.7%PE263.7x
SSW Sibanye StillwaterR58.658.5%
+R13.0b		224.6%PS1.5x
IMP Impala Platinum HoldingsR233.814.7%
+R9.4b		131.8%PE275.6x
NPH Northam Platinum HoldingsR321.553.5%
+R4.1b		219.1%PE80.1x
THA TharisaR20.792.7%
+R158.4m		29.9%PE4.6x

Latest News

GML
R1.19
Gemfields Group
7D
-11.9%
1Y
-39.0%

Investors Aren't Entirely Convinced By Gemfields Group Limited's (JSE:GML) Revenues

Dec 13
Investors Aren't Entirely Convinced By Gemfields Group Limited's (JSE:GML) Revenues
SSW
R58.65
Sibanye Stillwater
7D
8.5%
1Y
224.6%

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
R233.81
Impala Platinum Holdings
7D
4.7%
1Y
131.8%

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
R20.79
Tharisa
7D
2.7%
1Y
29.9%
NPH
R321.55
Northam Platinum Holdings
7D
3.5%
1Y
219.1%

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
R1,328.54
Valterra Platinum
7D
7.2%
1Y
124.7%

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.