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

South African (JSE) Precious Metals and Minerals Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies6
  • 7D0.2%
  • 3M20.0%
  • 1Y164.7%
  • YTDn/a

In the last week, Precious Metals and Minerals has been flat. As for the the longer term, the industry is up 165% over the past 12 months. Looking forward, 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
Fri, 09 Jan 2026R915.6bR341.7b-R424,633,667.20180.5x-2156.3x2.7x
Sun, 07 Dec 2025R804.0bR342.0b-R436,519,722.80161.6x-1841.9x2.4x
Tue, 04 Nov 2025R702.3bR342.8b-R931,304,391.00142.9x-754.1x2x
Thu, 02 Oct 2025R795.8bR342.8b-R927,400,122.60159.8x-858.1x2.3x
Sat, 30 Aug 2025R535.8bR341.5bR554.0m51.1x967.1x1.6x
Mon, 28 Jul 2025R608.6bR351.7b-R15,278,704,248.2019.8x-39.8x1.7x
Wed, 25 Jun 2025R505.8bR351.7b-R15,277,950,350.9017.1x-33.1x1.4x
Fri, 23 May 2025R459.7bR353.5b-R14,727,338,452.6015.2x-31.2x1.3x
Sun, 20 Apr 2025R436.8bR354.3b-R14,726,705,343.8015.5x-29.7x1.2x
Tue, 18 Mar 2025R392.8bR354.0b-R13,468,702,847.6014.4x-29.2x1.1x
Thu, 13 Feb 2025R368.2bR355.3b-R54,208,487,506.808.7x-6.8x1x
Sat, 11 Jan 2025R358.8bR355.9b-R54,165,682,445.708.6x-6.6x1x
Mon, 09 Dec 2024R342.6bR354.9b-R54,242,076,369.008.2x-6.3x1x
Wed, 06 Nov 2024R421.6bR353.6b-R54,534,515,959.2010.1x-7.7x1.2x
Fri, 04 Oct 2024R376.4bR353.7b-R55,619,050,192.0014.8x-6.8x1.1x
Sun, 01 Sep 2024R330.8bR359.8b-R40,660,698,639.0013.9x-8.1x0.9x
Tue, 30 Jul 2024R380.5bR369.9b-R35,705,260,037.2010.2x-10.7x1x
Thu, 27 Jun 2024R358.6bR382.1b-R34,291,101,422.808.4x-10.5x0.9x
Sat, 25 May 2024R416.1bR382.3b-R34,276,026,488.209.4x-12.1x1.1x
Mon, 22 Apr 2024R424.9bR382.3b-R33,977,074,188.509.4x-12.5x1.1x
Wed, 20 Mar 2024R345.4bR382.9b-R34,372,930,525.008.3x-10x0.9x
Fri, 16 Feb 2024R365.6bR435.8bR52.5b7.1x7x0.8x
Sun, 14 Jan 2024R466.5bR449.4bR53.2b8.1x8.8x1x
Tue, 12 Dec 2023R426.9bR450.5bR53.9b8.6x7.9x0.9x
Thu, 09 Nov 2023R404.2bR449.9bR53.8b8.1x7.5x0.9x
Sat, 07 Oct 2023R401.0bR450.7bR53.9b8.5x7.4x0.9x
Mon, 04 Sep 2023R423.1bR451.0bR55.4b5.7x7.6x0.9x
Wed, 02 Aug 2023R539.4bR477.2bR99.7b4.6x5.4x1.1x
Fri, 30 Jun 2023R511.6bR498.7bR118.7b4.3x4.3x1x
Sun, 28 May 2023R634.9bR499.6bR118.9b4.8x5.3x1.3x
Tue, 25 Apr 2023R682.2bR498.0bR119.3b5.4x5.7x1.4x
Thu, 23 Mar 2023R652.4bR492.2bR116.7b5.7x5.6x1.3x
Sat, 18 Feb 2023R689.3bR531.7bR129.0b5.1x5.3x1.3x
Mon, 16 Jan 2023R871.4bR530.4bR128.7b6.5x6.8x1.6x
Price to Earnings Ratio

6.8x


Total Market Cap: R871.4bTotal Earnings: R128.7bTotal Revenue: R530.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Precious Metals and Minerals Industry Price to Earnings3Y Average -148.6x202420252026
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 2.7x.
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 Market1.12%
Materials0.25%
Metals and Mining0.39%
Precious Metals and Minerals0.23%
Steel2.55%
Gold0.34%
Diversified Metals and Mining-1.16%
Copper-1.43%
Aluminum-4.08%
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 StillwaterR65.357.4%
+R12.8b		280.6%PS1.7x
IMP Impala Platinum HoldingsR276.562.6%
+R6.2b		164.8%PE326x
NPH Northam Platinum HoldingsR350.581.1%
+R1.5b		213.1%PE87.3x
THA TharisaR27.491.8%
+R143.6m		74.8%PE6.2x
GML Gemfields GroupR1.352.3%
+R51.7m		-8.2%PS0.9x

Latest News

THA
R27.49
Tharisa
7D
1.8%
1Y
74.8%
IMP
R276.56
Impala Platinum Holdings
7D
2.6%
1Y
164.8%

IMP: Higher Margins And Solid 6E Sales Will Support Share Price Rebound

Analysts kept their price target for Impala Platinum Holdings steady at R310.00, citing small adjustments to the discount rate, expected revenue growth, profit margin assumptions, and a slightly lower future P/E as the reasons for maintaining their view. What's in the News Impala Platinum Holdings reported 6E Group production of 882,000 oz for the first quarter ended 30 September 2025, compared with 928,000 oz in the same quarter a year earlier (company announcement).
SSW
R65.35
Sibanye Stillwater
7D
7.4%
1Y
280.6%

SSW: Future Wage And Settlement Costs Will Pressure Earnings Outlook

Analysts have raised their fair value estimate for Sibanye Stillwater from $19.50 to $38.00, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple that they consider a closer reflection of the company’s outlook. What's in the News Sibanye Stillwater concluded a three year wage agreement at its South African gold operations with AMCU, NUM, UASA, and Solidarity, covering annual wage and benefit adjustments for employees from 1 July 2025 to 30 June 2028 (Key Developments).
VAL
R1,446.43
Valterra Platinum
7D
-0.2%
1Y
129.6%
NPH
R350.58
Northam Platinum Holdings
7D
1.1%
1Y
213.1%

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
R1.35
Gemfields Group
7D
2.3%
1Y
-8.2%

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