SBSW Stock Recent News

Sibanye Stillwater has secured a refinancing package, enhancing its interim liquidity. Operational challenges persist, with the firm's U.S. PGM operations at risk. However, I think investors have already priced this in. South Africa's load-shedding has abated, and a regional interest rate pivot is likely. This could lead to higher asset valuations.

Sibanye-Stillwater on Thursday said its IT systems had been the subject of a cyberattack causing limited disruption to its global operations.

Despite poor financial results and liquidity concerns, there is a cyclical upward momentum that may lead to a medium-term price rise for Sibanye Stillwater Limited. The company is actively restructuring and implementing cost-cutting measures, which may lead to significant savings in the future. The market's negative perception of future prospects and the potential for higher prices of key PGM metals support the potential upside for SBSW.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

South Africa's Sibanye Stillwater will close its 4 Belt shaft at Marikana and shed 855 jobs after failing to return it to profitability due to low platinum group metal (PGM) prices, the company said on Thursday.

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.