SBSW Stock Recent News
SBSW LATEST HEADLINES
Harmony Gold expects to report a big jump in earnings for fiscal 2023 next week. DRDGOLD just declared a big dividend for the year.
(Kitco News) - Sibanye said that the decrease in earnings is primarily due to a decline in platinum group metal (PGM) prices and lower production and higher unit costs from the US PGM operations.
Updated 13-F filings communicate that Dr. Michael Burry's Scion Capital disposed of its Sibanye Stillwater Limited stake in Q2. Santaco's taxi strike and ancillary unrest might spark another systemic event in South Africa ahead of its 2024 elections. A PGM price recovery is possible. However, commodity price risk remains amid an uncertain interest rate outlook.
Sibanye Stillwater aims for significant expansion in the global metals market through investments in recycling and production initiatives. The company plans to spend $500 million in FY23 on expanding its battery metals operations, particularly in lithium, to meet rising demand. Despite short-term challenges, Sibanye Stillwater shows promising potential for long-term growth with a strong balance sheet and high dividend yield.
While passive income offers an essential backstop for your portfolio, you shouldn't overpay for the privilege, which brings us to cheap dividend stocks for smart investors. Perhaps due to the unusual circumstances of the post-pandemic environment, you'll be surprised at the deals you can grab.
(Kitco News) - The company traded down 6% to ZAC3,175.00.
For contrarians seeking significant upside for the second half of this year, the best sleeper stocks may represent an avenue to explore. According to Cambridge University, a sleeper stock is a publicly traded asset that's currently not performing well.
Statistics South Africa released new mining data on Thursday morning, revealing a trying time for most South African miners. However, despite the poor data, Sibanye Stillwater Limited stock and ADRs surged shortly after the release. Noteworthy developments have occurred since our latest coverage, namely headway linked to the Mopani Copper Mines bid and a human capital agreement with a university.