SBSW Stock Recent News

Sibanye Stillwater's stock has underperformed the market over the past 3 years, down 65% compared to the S&P 500's return of 22%. But the tide may be turning soon. Despite falling metal prices, the company's cost-cutting efforts and focus on the green metals market make it undervalued with potential for growth. The stock price may have hit a bottom, and a recovery is possible with the implementation of management's strategic plan and the rise in commodity prices.

With the hotter-than-expected March jobs report, you might think the dollar has lost value due to inflation, thus clouding the narrative of under-the-radar stocks. And yes, inflation is stubbornly high.

The PGM market is showing signs of improvement. Major automakers announced their intentions to keep ICE production for the foreseeable future. SBSW 2023 results are promising, considering the PGM bear market. The company took successful cost-cut measures, resulting in $375 million savings. SBSW maintains its balance sheet with ample liquidity and a prudent capital structure. The company holds $1,397 billion in cash and owes $1,363 in long-term debt.

Kitco News - Sibanye-Stillwater (JSE: SSW) reported today damage to its Siphumelele shaft, SA PGM operations in Rustenburg, has resulted in suspension of production from the shaft.

We are often led to believe that outperforming the stock market is a superhuman trait that only those on Wall Street possess. However, such a narrative is simply untrue.

Timing the market is difficult due to the competitive nature of the financial markets. Therefore, taking a step back and investing in passive gains is the way to go for many.

Sibanye Stillwater's share price has plunged over 50% year-to-date due to the decline in rhodium and palladium prices. The company's gold mining operations in South Africa are high-cost and about a third is unprofitable, even with gold at all-time highs. Sibanye's investments in battery metals and recycling ventures raise questions about the company's capital allocation strategy.

(Kitco News) - Sibanye-Stillwater (NYSE: SBSW), one of the world's largest primary producers of platinum, palladium and rhodium, today announced the start of construction of two additional renewable energy projects for its SA operations.

(Kitco News) - Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) announced on Friday it has concluded Section 189 consultations regarding proposed restructuring at its Kloof 4 gold shaft in South Africa.

(Kitco News) - Platinum group metals (PGM) producer Sibanye-Stillwater (NYSE: SBSW) announced today that the company begins repositioning its US PGM operations for lower cost structure to secure operational sustainability.