African Rainbow Minerals Limited (JSE:ARI)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
18,005
-716 (-3.82%)
Jun 19, 2026, 3:50 PM SAST

African Rainbow Minerals Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, African Rainbow Minerals stock has a consensus rating of "Buy" and an average price target of ZAC 26,720. The average 1-year stock price forecast is 48.40% higher than the current stock price, while the lowest is ZAC 22,600 (+25.52%) and the highest is ZAC 29,500 (+63.84%).

Price Target: ZAC 26,720 (+48.40%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
PriceZAC 22,600ZAC 26,720ZAC 27,500ZAC 29,500
Change+25.52%+48.40%+52.74%+63.84%

Analyst Ratings

The average analyst rating for African Rainbow Minerals stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

RatingNov '25Jan '26Feb '26Mar '26Apr '26May '26
Strong Buy555333
Buy000000
Hold111222
Sell000000
Strong Sell000000
Total666555

Financial Forecast

Revenue This Year
17.35B
from 11.66B
Increased by 48.83%
Revenue Next Year
18.92B
from 17.35B
Increased by 9.01%
EPS This Year
24.46
from 13.74
Increased by 78.02%
EPS Next Year
31.88
from 24.46
Increased by 30.35%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingJun 30, 2021Jun 30, 2022Jun 30, 2023Jun 30, 2024Jun 30, 2025Jun 30, 2026
Revenue
19.66B16.92B14.66B11.42B11.66B17.35B
Revenue Growth
68.69%-13.94%-13.33%-22.13%2.13%48.83%
Gross Profit
11.76B9.18B5.83B877.00M-190.00M6.19B
Gross Margin
59.81%54.24%39.74%7.68%-1.63%35.68%
Operating Income
11.20B8.06B4.74B-34.00M-676.00M6.69B
Net Income
12.63B12.43B8.08B3.15B330.00M6.22B
EPS
----13.7424.46
EPS Growth
-----46.93%78.02%
Forward PE
3.713.353.816.509.037.36
Dividend / Share
30.0032.0026.0015.0010.5014.96
Dividend Growth
-6.67%-18.75%-42.31%-30.00%42.46%
Free Cash Flow
2.35B4.27B2.48B-4.28B-3.52B4.27B
No. Analysts
-----3
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is ZAR.

Revenue Forecast

Revenue202620272028
High18.2B
Avg17.4B
Low16.8B

Revenue Growth

Revenue Growth202620272028
High
56.1%
Avg
48.8%
Low
44.4%

EPS Forecast

EPS202620272028
High-
Avg24.46
Low-

EPS Growth

EPS Growth202620272028
High-
Avg
78.0%
Low-