By Peet Serfontein & Khumbulani Kunene
Valterra Platinum is a South African-based company operating within the platinum group metals (PGM) sector, contributing to one of the country's most strategic and globally significant mining industries. The company explores and produces platinum, palladium, rhodium, iridium, ruthenium, osmium, copper, nickel, cobalt sulphate, sodium sulphate, chrome, and gold. Valterra Platinum serves customers worldwide.
Founded in 1995, Valterra Platinum produces around 2.4 million ounces of platinum and about 1.4 million ounces of palladium annually. The company leverages South Africa's mineral reserves and focuses on the exploration and development of high-grade platinum assets, with an emphasis on sustainability and responsible mining practices. VAL demerged from Anglo American in May 2025.
Technically, a price in a developing round top pattern makes the share an interesting candidate for a long position (see the insert on the main chart as well as the curved image overlays on the price). This signal often signifies a gradual shift from a bearish trend to a more constructive and accumulation-driven environment. Also referred to as a "saucer bottom", this pattern reflects a slow and steady transition in sentiment from bearish to bullish.
A price in the accumulation phase of the Wyckoff Price cycle also adds support. Additionally, a sideways price can be regarded as a bullish support zone when it occurs after a bullish upward trend as it may suggest that investors are holding their positions rather than taking profits. Balance between demand and supply sets precedent for a next leg higher.
Upside momentum, according to the Moving Average Convergence Divergence (MACD) histogram indicator, supports our bullish stance.
We suggest a medium capital at-risk allocation to this trade. Increase exposure for a break above R904.00.
Share Information | |
---|---|
Share Code | VAL |
Industry | Materials |
Market Capital (ZAR) | 220.49 billion |
One Year Total Return | 41.24% |
Return Year-to-Date | 60.34% |
Current Price (ZAR) | 831.12 |
52 Week High (ZAR) | 850.00 |
52 Week Low (ZAR) | 465.93 |
Financial Year End | December |
The price is above its 200-day simple moving average (SMA) of R660.73, suggesting that the overall bias remains positive. |
Consensus Expectations (Bloomberg) | ||||
---|---|---|---|---|
FY24 | FY25E | FY26E | FY27E | |
Headline Earnings per Share (ZAR) | 32.05 | 33.99 | 53.84 | 58.46 |
Growth (%) | 6.05 | 58.42 | 8.58 | |
Dividend Per Share (ZAR) | 71.75 | 13.57 | 21.84 | 25.56 |
Growth (%) | -81.08 | 60.91 | 17.05 | |
Forward PE (times) | 24.45 | 15.44 | 14.22 | |
Forward Dividend Yield (%) | 1.63 | 2.63 | 3.08 | |
Medium-term growth prospects remain positive, with strong momentum expected over the next few financial periods. |
Buy/Sell Rationale:
Technical Analysis:
Long-term Fundamental view
Share Name and Position | ABG - Buy (Continue to hold) |
QLT - Buy (Continue to hold) |
GRT - Buy (Continue to hold) |
---|---|---|---|
Entry | 171.50 | 35.27 | 13.22 |
Current Price | 179.60 | 36.82 | 13.78 |
Movement | +4.7% | +4.4% | +4.2% |
Comment |
A favourable peer comparison remains of interest. Continues to test its 200-day SMA. Upside momentum is supportive.
Our profit target is R200.00 with a trailing stop-loss at R164.00. |
A price at the start of Wave 5 of the Elliott Wave theory remains of interest. Remains above its 200-day simple moving average. Fading upside price momentum is a concern.
Our profit target is R41.00 with a trailing stop-loss at R33.00. |
The price is in one of the highest price bins of the price distribution analysis. Remains above its 200-day simple moving average. Upside momentum is supportive.
Our profit target is R16 with a trailing stop-loss at R12.20. |
Time to exit | 14 July 2025 | 14 July 2025 | 17 November 2025 |
Share Name and Position | COH - Buy (Continue to hold) |
BID - Buy (Continue to hold) |
STXFIN - Buy (Continue to hold) |
---|---|---|---|
Entry | 8.82 | 458.43 | 21.75 |
Current Price | 9.11 | 461.00 | 21.78 |
Movement | +3.3% | +0.6% | +0.1% |
Comment |
A price at a key distribution level remains of interest. Remains above its 200-day simple moving average. Muted upside price momentum is supportive.
Out profit target is R10.50 with a trailing stop-loss at R8.45. |
A sustained bounce off the lower one standard deviation band, ongoing support from the broader upward trend and signs of renewed buying interest remains of interest. Remains above its 200-day SMA. Muted upside momentum is supportive.
Our profit target is R528.00 with a trailing stop-loss at R434.00. |
A price above major support is of interest. Remains just above its 200-day SMA. Fading upside momentum is a concern.
Our profit target is R25.00 with a trailing stop-loss at R20.55. |
Time to exit | 22 August 2025 | 30 August 2025 | 15 September 2025 |
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