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Northam Platinum Limited (JSE: NHM) | Share Price

Nigel Firth
Nigel Frith trader
Updated 2 Sep 2022

Northam Platinum Limited is a platinum group metal (PGM) producing company listed on the Johannesburg Stock Exchange (JSE) that operates through two business segments: Zondereinde mine and Booysendal mine.

Latest Northam Platinum Limited Share Price

The graph above shows the latest Northam Platinum Limited share price on the Johannesburg Stock Exchange. Investors have seen Northam Platinum Limited shares perform disastrously historically, and it doesn’t remain a steady investment. Northam Platinum Limited stock is live on the JSE under the stock symbol of NHM and is available to trade via various brokers in South Africa.

What is Northam Platinum Limited

Northam Platinum Limited is an independent, fully empowered and integrated PGM producer who wholly owns all operating mines and recycling operations.

In the automotive sector, PGMs are mainly used in exhaust systems, specifically in auto catalysts, which assists in reducing the noxious and greenhouse gases which are released into the atmosphere. Platinum jewellery has huge appeal and other industrial uses range from chemical and electrical applications to glass manufacture.

PGMs are traded on international markets where the metal prices are US dollar-denominated and determined by global supply and demand. The metal is sold in sponge or ingot form to customers. Northam has no influence on the sales price of its metal and is essentially a price taker.

PGMs are also attracting investment appeal with the launch of Exchange Traded Funds.


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Northam Platinum Limited

The history of Northam Platinum Limited can be traced back to 1977 when it was founded.

Today, Northam Platinum Limited has a diversified portfolio of products and services in more sectors of the Basic Materials value chain and renders the following services: Northam Platinum Limited is a primary producer of platinum group metals (PGMs) – platinum, palladium and rhodium – with its principal consumers being the motor-manufacturing and jewellery industries.

Northam Platinum Limited's equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol NHM.

Northam Platinum

Northam Platinum Limited has its headquarters at Maxwell Office Park, Magwa Crescent West, Waterfall City, Jukskei View, 2090, South Africa.

Northam Platinum Limited has more than 6 300 employees.

The company currently sells its products to clients in the US, Europe and the Far East.

The current CEO of Northam Platinum Limited is PA Dunne.

Northam Platinum Limited forms part of the Mining Industry and the Basic Materials Sector of the Johannesburg Stock Exchange (JSE).

Northam Platinum Limited Stock Performance

The most recent or current price for Northam Platinum Limited stocks on the Johannesburg Stock Exchange (JSE) was 213.55 ZAR at the time of writing.

An analysis of financial data of Northam Platinum Limited showed that the company has a total market capitalisation of 84.7 Billion ZAR, with a Price/Earning ratio of 7.94 and earnings per share of 26.8790 ZAR.

A total of 397 Million shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Northam Platinum Limited stocks can be hopeful for lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Northam Platinum Limited, analysts forecast a possible further improved performance for the Basic Materials sector with market share growing as trading volumes increase.

Highlights of Northam Platinum Limited in 2021

Northam Platinum Limited started the current financial year (2021) with a share price of 209.53 ZAR on the Johannesburg Stock Exchange (JSE), and it has gained 1.92 % in value on its price valuation, ranking 312th on the JSE with its year-to-date performance.

Northam Platinum Limited is currently the 43rd most-traded stock on the JSE and it has experienced a total trading volume of more than 115 million shares, which were finalised in 280,965 deals and were valued at a total of ZAR 23.7 billion ZAR over a recent three month period from September to December 2021, with an average of 1.83 million shares in each trading session.

During the same period a volume high of 6.5 million was achieved on October 7 and a low of 601,260 on October 1.

Northam Platinum - How To Trade

How to buy Northam Platinum Limited stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participating daily. To buy, sell or trade Northam Platinum Limited stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “NHM”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Johannesburg Stock Exchange (JSE) was founded in 1887 during the first South African gold rush. Today it is the principal stock exchange of South Africa and the largest exchange on the continent.

The Johannesburg Stock Exchange is located in Sandton, Johannesburg and is described as the engine room of the South African economy, with the main purpose of facilitating the raising of primary capital for listed companies while improving job opportunities and wealth creation by providing an orderly market for dealing in securities for investors.

The JSE upgraded to electronic trading in 1996, and in 2005, demutualized and listed on its own exchange.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.