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Merafe Resources Ltd. JSE: MRF
R1.22 ▼ -0.01 (-0.81%) Prices delayed 15 min · Last updated: 2026-07-10 17:05:00
Open
1.24
Prev close
1.22
Day range
1.22 - 1.24
Volume
259 251
52-wk range
1.22 – 1.32
Market cap
3.05bn
P/E Ratio
10.00
EPS (ZARc)
12.20
Dividend Yield
9.84%
DPS (ZARc)
12 (cps)
Price performance
Intraday — 7D — 1M — 3M — 6M — 1Y — 3Y — 5Y — YTD —
Loading chart…
Analyst consensus
Consensus Chart
Key statistics
Market cap3.05bn
EPS12.20
P/E ratio10.00
Div. yield9.84%
DPS 12 (cps)
Issued shares2.50bn
52-week range
R 1.22 R 1.32
R1.22
Price overview
Open1.24
Previous close1.22
Day range1.22 - 1.24
Volume259 251
52-week range1.22 – 1.32
Change▼ -0.01 (-0.81%)
P/E ratio10.00
EPS12.20
Dividend 12 (cps)
Dividend yield9.84%
Important dates
  • Jun 2025 Interim
    Released 12 Aug 2025
  • Interim Div 0.04 ZAR
    Decl 12 Aug 2025, LDT 2 Sep 2025
  • Interim Div 0.04 ZAR
    Decl 12 Aug 2025, Pay 8 Sep 2025
  • Dec 2025
    Prev Year End
  • Dec 2025 Final
    Released 9 Mar 2026
  • Final Div 0.08 ZAR
    Decl 9 Mar 2026, LDT 30 Mar 2026
  • Final Div 0.08 ZAR
    Decl 9 Mar 2026, Pay 7 Apr 2026
  • Jun 2026
    Half Year
  • 13 Jul 2026
    Today
  • Jun 2026 Interim
    Unconfirmed for 12 Aug
  • Next Expected Interim Div 0.04 ZAR
    Decl 12 Aug 2026, LDT 2 Sep 2026
  • Next Expected Interim Div 0.04 ZAR
    Decl 12 Aug 2026, Pay 8 Sep 2026
  • Dec 2026
    Next Year End
  • Dec 2026 Final
    Unconfirmed for 9 Mar
  • Next Expected Final Div 0.08 ZAR
    Decl 9 Mar 2027, LDT 30 Mar 2027
  • Next Expected Final Div 0.08 ZAR
    Decl 9 Mar 2027, Pay 7 Apr 2027
  • 13 May 2027
    AGM Unconfirmed
  • Jun 2027
    Half Year
Financial results
ZAR million Dec 25 Dec 24R
Turnover 5 834.90 8 443.50
Attributable Income 142.60 667.20
Market Cap (ZARm) 2 724 3 498.80
EPS (ZARc) 5.70 26.70
HEPS (Cont Ops)(ZARc) 12.20 42.90
DPS (ZARc) 12 28
Latest SENS announcements
  • Merafe - pricing agreement with Eskom
    2026-06-26 17:25:05
    The Glencore Merafe Chrome Venture (Venture) confirmed that it has successfully concluded the detailed terms and conditions of the Negotiated Pricing Agreements (NPAs) with Eskom Holdings SOC Ltd. (Eskom), giving full effect to the previously approved Tariff for the South African ferrochrome industry.
  • Merafe - proposed electricity tariff solution
    2026-06-01 09:30:12
    National Energy Regulator of South Africa ('NERSA') advised that a public participation process in respect of the Proposed Tariff was to be held on 25 May 2026, and the final decision in respect of the Proposed Tariff would be published by 15 June 2026. After discussion between the Glencore-Merafe Chrome Venture (the 'Venture') and NERSA, the Venture requested that NERSA conclude the submission by the end of May 2026. The Venture announced the approval of the Proposed Tariff for the South African ferrochrome industry as a whole by NERSA. Discussions with Eskom are ongoing to finalise the detailed terms and conditions of the Negotiated Price Agreement to give effect to the Proposed Tariff. These terms remain critical in determining the commercial viability and long-term sustainability of the tariff solution. In line with this progress, the Venture confirmed that the Section 189 Process has been withdrawn, marking a further step towards stabilising operations and progressing the phased restart of the business. The Venture acknowledges the significant role of Eskom, the South African Department of Electricity and Energy, NERSA, the Venture's recognised labour unions and its other important stakeholders in the process.
  • Merafe - results of the annual general meeting
    2026-05-13 16:00:32
    Merafe advised its shareholders that all the ordinary and special resolutions proposed in the notice of the annual general meeting dated 6 March 2026 and tabled at the Company's AGM held at 11:00 today, 13 May 2026 were passed by the requisite majority of votes cast by Shareholders present or represented by proxy.
  • Merafe - board changes
    2026-05-12 17:45:49
    Matsotso Vuso, an independent non-executive director of Merafe, who will retire by rotation at the annual general meeting scheduled for 11:00 on Wednesday, 13 May 2026 to be conducted entirely by electronic participation, remains available for re-election. She will therefore step down from the board of directors and as member and chair of the audit and risk committee at the conclusion of the 2026 AGM. Katlego Tlale will assume the role of chair of the Audit and Risk Committee.
  • Merafe - update regarding electricity tariff
    2026-04-30 15:14:00
    Shareholders of Merafe ('Shareholders') were referred to the ongoing engagements with Eskom Holdings SOC Ltd., the South African government and the National Energy Regulator of South Africa (NERSA) pertaining to the proposed electricity tariff of 62c per kWh solution for ferrochrome smelters. Shareholders were advised that, the Termination Date has been extended to 1 June 2026. The Venture remains committed to transparent and open communication and will provide updates as soon as further information becomes available.
Peer comparison
Company Price (ZAR) Change Market cap
BHP (BHG) R 668.89 +2.09%
GLENCORE (GLN) R 111.83 -0.69%
ANGLO (AGL) R 788.57 +0.98%
SOUTH32 (S32) R 46.34 +4.63%
ARM (ARI) R 174.10 +2.23%
MERAFE (MRF) R 1.22 -0.81%

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Merafe Resources Ltd. Today's Verdict

Today's verdict: Merafe Resources Ltd. price forecast signals a steady setup, with dividend appeal, charts and historical graph reading pointing to measured growth rather than a sharp move. The price today in rands is R1.23, leaving traders to weigh buy or sell decisions on preference shares, payout quality and overall data before acting. For investors scanning for sale opportunities, the share code MRF remains easy to research online, and how to buy on the JSE is straightforward through a funded trading account, with price per share, cost and trading conditions still the main checks before any purchase or trading move.

Merafe Resources Ltd. Live Share Data

LabelValue
Data as of2026-07-09 17:05:00
Share Name & TickerMerafe Resources Ltd. (MRF)
ExchangeJSE (Johannesburg Stock Exchange)
Sector & IndustryBasic Materials / Metals & Mining
Current PriceR1.23
Market Capitalization3.07bn
P/E Ratio10.08
Dividend Yield9.76%
Trading Volume (Live Data)Not provided
Recent Price Change0

Merafe Resources Ltd. Key Highlights

LabelValue
Current PriceR1.23, flat versus the previous close
Market Cap3.07bn, indicating a mid-sized market presence
P/E Ratio10.08, suggesting fair valuation
Dividend Yield9.76, attractive for income-focused investors
VolatilityLow, based on the unchanged recent price move

Merafe Resources Ltd. Limited Forecast Insights

Bullish Outlook: The current price holding at R1.23 and unchanged recent move suggest a stable short-term base. With a P/E near 10 and a relatively high dividend yield, the share may remain supported if broader JSE risk appetite and metals-and-mining sentiment stay constructive.

Bearish Outlook: A lack of live volume data limits conviction, and any weakness in sector demand or market sentiment could cap upside. If price fails to hold R1.23 on active trading, momentum traders may look for a softer range before re-entering.

FAQ on Merafe Resources Ltd. Shares

Q1: What are Merafe Resources Ltd. shares?
Answer: Merafe Resources Ltd. shares are JSE-listed ordinary shares in Merafe Resources Ltd. under ticker MRF. At R1.23, the market value reflects a mid-sized company with a 3.07bn market cap, a 10.08 P/E ratio, and a 9.76 dividend yield.

Q2: How can I buy Merafe Resources Ltd. shares?
Answer: To buy Merafe Resources Ltd. shares, use a JSE-approved trading account and search for MRF. Based on the live data, the price per share is R1.23, so your purchase size depends on account funding and the number of shares you want to trade.

Q3: What affects the price of Merafe Resources Ltd. shares?
Answer: The price of Merafe Resources Ltd. shares is affected by the current price of R1.23, investor sentiment, and valuation metrics such as a 10.08 P/E ratio. As a metals-and-mining share, market activity and sector strength can also influence the share price.

Q4: Does Merafe Resources Ltd. pay dividends?
Answer: Yes, Merafe Resources Ltd. shows a dividend yield of 9.76, which indicates dividend payments are part of the share’s return profile. With the current price at R1.23 and a 3.07bn market cap, income investors may see it as a yield-oriented option.

Q5: How can I track my Merafe Resources Ltd. shares and dividends?
Answer: You can track MRF shares and dividend information through your trading account or JSE market data tools. With the share price at R1.23, a 10.08 P/E ratio, and a 9.76 dividend yield, the main live figures are easy to monitor.

Q6: What factors are affecting the Merafe Resources Ltd. share price?
Answer: The share price is currently R1.23 with no recent change, so price action appears stable. Key factors include the 3.07bn market cap, 10.08 P/E ratio, 9.76 dividend yield, and the wider JSE environment for metals-and-mining shares.

Q7: Is Merafe Resources Ltd. a good share to buy?
Answer: Merafe Resources Ltd. may appeal to investors seeking income, given the 9.76 dividend yield and R1.23 price per share. The 10.08 P/E suggests fair valuation, but the decision to buy should reflect your trading account objectives and risk tolerance.

Q8: Is it advisable to buy Merafe Resources Ltd. shares today?
Answer: Based on today’s live data, Merafe Resources Ltd. is priced at R1.23 and has a flat recent move. That makes it more suited to patient investors than aggressive momentum traders, though a buy decision still depends on your strategy and dividend focus.

Q9: How much does one Merafe Resources Ltd. share cost?
Answer: One Merafe Resources Ltd. share costs R1.23 today. That price per share sits alongside a 3.07bn market cap, a 10.08 P/E ratio, and a 9.76 dividend yield, giving investors a concise snapshot of valuation and income potential.

Q10: How to sell Merafe Resources Ltd. shares?
Answer: To sell Merafe Resources Ltd. shares, place a sell order for MRF through your trading account on the JSE platform. With the price at R1.23 and no recent change, execution conditions will depend on available liquidity and your broker’s trading settings.

How to Buy Merafe Resources Ltd. Shares Step by Step

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Merafe Resources Ltd. Actionable Financial Advice

Given Merafe Resources Ltd.'s current performance, investors should HOLD the shares if prices move ABOVE R1.23 and SELL if prices move BELOW R1.23. Monitor macroeconomic developments and sector conditions to refine your strategy.


Latest News On Merafe Resources Shares
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