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South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies6
  • 7D3.3%
  • 3M33.3%
  • 1Y166.1%
  • YTDn/a

All of the companies in the Precious Metals and Minerals industry have been up over the last week, with the industry up 3.3%. In the last 12 months, the industry was up 166%. Earnings are forecast to grow by 53% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Dec 2025R882.0bR341.9b-R431,049,355.20178.1x-2046.2x2.6x
Tue, 18 Nov 2025R709.6bR342.7b-R907,323,387.20142.6x-782.1x2.1x
Thu, 16 Oct 2025R787.3bR342.8b-R933,753,255.00157.3x-843.1x2.3x
Sat, 13 Sep 2025R621.4bR343.8b-R494,148,952.40124.2x-1257.6x1.8x
Mon, 11 Aug 2025R595.1bR341.8b-R21,014,225,871.6032.1x-28.3x1.7x
Wed, 09 Jul 2025R550.7bR351.7b-R15,279,561,087.3018.7x-36x1.6x
Fri, 06 Jun 2025R462.9bR351.7b-R15,277,986,683.3016.2x-30.3x1.3x
Sun, 04 May 2025R381.7bR353.9b-R14,727,029,982.2013x-25.9x1.1x
Tue, 01 Apr 2025R422.3bR354.2b-R13,452,309,120.8015.1x-31.4x1.2x
Thu, 27 Feb 2025R331.3bR355.9b-R13,408,085,074.5012.4x-24.7x0.9x
Sat, 25 Jan 2025R348.9bR355.2b-R54,217,324,091.108.2x-6.4x1x
Mon, 23 Dec 2024R333.0bR355.2b-R54,222,020,064.308.3x-6.1x0.9x
Wed, 20 Nov 2024R380.0bR354.2b-R54,496,267,824.009.2x-7x1.1x
Fri, 18 Oct 2024R366.0bR353.9b-R54,518,177,493.609.1x-6.7x1x
Sun, 15 Sep 2024R324.5bR354.4b-R55,560,442,826.8012.8x-5.8x0.9x
Tue, 13 Aug 2024R345.8bR369.7b-R35,716,023,669.209.3x-9.7x0.9x
Thu, 11 Jul 2024R314.7bR268.4bR3.5b8.8x90.7x1.2x
Sat, 08 Jun 2024R344.3bR382.8b-R34,249,029,661.208x-10.1x0.9x
Mon, 06 May 2024R369.8bR381.8b-R34,018,362,772.008.3x-10.9x1x
Wed, 03 Apr 2024R392.9bR382.0b-R33,998,984,625.009.2x-11.6x1x
Fri, 01 Mar 2024R359.0bR417.4bR35.3b9.8x10.2x0.9x
Sun, 28 Jan 2024R451.9bR449.5bR53.2b7.8x8.5x1x
Tue, 26 Dec 2023R494.0bR449.2bR53.2b8.1x9.3x1.1x
Thu, 23 Nov 2023R399.7bR450.0bR53.8b8.1x7.4x0.9x
Sat, 21 Oct 2023R419.1bR450.4bR53.9b8.4x7.8x0.9x
Mon, 18 Sep 2023R459.3bR451.1bR55.4b6.5x8.3x1x
Wed, 16 Aug 2023R457.9bR478.1bR99.9b4x4.6x1x
Fri, 14 Jul 2023R547.5bR497.8bR118.6b4.4x4.6x1.1x
Sun, 11 Jun 2023R631.1bR498.6bR118.7b4.8x5.3x1.3x
Tue, 09 May 2023R719.0bR498.2bR119.3b5.7x6x1.4x
Thu, 06 Apr 2023R604.3bR497.9bR119.1b4.6x5.1x1.2x
Sat, 04 Mar 2023R634.2bR489.0bR117.1b5.5x5.4x1.3x
Mon, 30 Jan 2023R775.2bR530.8bR128.8b5.8x6x1.5x
Wed, 28 Dec 2022R825.0bR530.6bR128.8b6.4x6.4x1.6x
Price to Earnings Ratio

6.4x


Total Market Cap: R825.0bTotal Earnings: R128.8bTotal Revenue: R530.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -110.3x202320242025
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 2.6x.
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 Market1.82%
Materials0.16%
Metals and Mining0.20%
Precious Metals and Minerals3.29%
Copper3.39%
Diversified Metals and Mining0.52%
Steel-0.86%
Gold-2.61%
Aluminum-4.15%
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 PlatinumR1.39k4.5%
+R15.8b		135.4%PE275.6x
IMP Impala Platinum HoldingsR244.104.4%
+R9.2b		161.7%PE287.7x
SSW Sibanye StillwaterR59.180.9%
+R1.5b		251.2%PS1.5x
NPH Northam Platinum HoldingsR323.680.7%
+R802.6m		223.8%PE80.6x
THA TharisaR23.1011.1%
+R677.7m		41.3%PE5.1x

Latest News

THA
R23.10
Tharisa
7D
11.1%
1Y
41.3%
IMP
R244.10
Impala Platinum Holdings
7D
4.4%
1Y
161.7%

IMP: Higher Margins Are Expected To Drive Strong Share Price Rebound

Analysts have lifted their price target on Impala Platinum Holdings from R200.00 to R310.00, citing expectations for faster revenue growth, stronger profit margins, and a modestly lower future price-to-earnings multiple that together support a higher fair value estimate despite a slightly increased discount rate. 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 some operational headwinds (company announcement).
VAL
R1,388.59
Valterra Platinum
7D
4.5%
1Y
135.4%
NPH
R323.68
Northam Platinum Holdings
7D
0.7%
1Y
223.8%

NPH: Higher Required Returns Will Constrain Future Upside Despite Stronger Margins

Analysts have raised their price target for Northam Platinum Holdings by roughly R8 to R283.06, citing slightly stronger expected revenue growth, improved profit margins, and a modestly lower future price earnings multiple, despite a small uptick in the discount rate. Valuation Changes Fair Value: Raised slightly from ZAR 274.94 to ZAR 283.06 per share, reflecting a modest uplift in the intrinsic valuation.
GML
R1.27
Gemfields Group
7D
6.7%
1Y
-19.6%

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
R59.18
Sibanye Stillwater
7D
0.9%
1Y
251.2%

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).