NPH - Northam Platinum Holdings

Sep 29, 2023 at 10:46 Twitter · Facebook

NPH share price on Johannesburg Stock Exchange

Northam is an independent, fully empowered, integrated platinum group metal (PGM) producer. Northam’s existing core producing business assets are Zondereinde and Booysendal (further details of which are set out below), and its primary products are the 3 main PGMs – platinum, palladium, rhodium – and gold (“4E”). Northam’s medium-term annual production target is to produce 1 million 4E ounces (“oz”) per annum.

The primary consumers of these PGMs are the automotive-manufacturing and jewellery industries. Other industrial uses range from chemical and electrical applications to the manufacturing of glass. PGMs are traded on international markets where the metal prices are determined by global supply and demand and are U.S. dollar denominated. Northam has no influence on the sales price of its metal and is essentially a price taker. The metal is sold in sponge or ingot form to customers in the U.S., Europe and Asia.

Northam Platinum Holdings is listed on the Johannesburg Stock Exchange (JSE). Northam Platinum is traded on the JSE under the ticker symbol “NPH”. The International Securities Identification Number (ISIN) of JSE:NPH is ZAE000298253. Northam Platinum Holdings is currently the 45th most valuable stock on the JSE with a market capitalization of ZAR 46.1 billion, which makes about 0.254% of the Johannesburg Stock Exchange equity market.

NPH Stock Market Performance

The current share price of Northam Platinum Holdings (NPH) is ZAR 114.28. NPH closed its last trading day (Thursday, September 28, 2023) at 116.17 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 2.8% gain over its previous closing price of 113.00 ZAR. Northam Platinum began the year with a share price of 187.18 ZAR but has since lost 37.9% off that price valuation, ranking it 362nd on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that NPH has lost 11% of the stock’s value from August 30th to date.

Northam Platinum Holdings is the 31st most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 30 - Sep 28, 2023). NPH has traded a total volume of 141 million shares—in 394,622 deals—valued at ZAR 17.4 billion over the period, with an average of 2.23 million traded shares per session. A volume high of 6.41 million was achieved on September 15th, and a low of 694,539 on August 7th, for the same period. The table below details the last 10 trading days of activity of Northam Platinum on the Johannesburg Stock Exchange.

Profile of Northam Platinum Holdings Limited

Northam Platinum Holdings Limited was founded on December 2, 2020 and operates in the Basic Materials sector, specifically, the Mining industry.

NPH Industrial Market Competitors

Northam Platinum Holdings Limited, issuers of the NPH stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Basic Materials sector and/or Mining industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange