#6 - Sibayne Stillwater (NYSE:SBSW)
Sibayne Stillwater Ltd. (NYSE: SBSW) is a mid-cap stock that can give investors exposure to the precious metals sector. You don’t have to be a gold bug to appreciate the opportunity in this market. Gold is at a record high as investors are becoming concerned about further devaluation of the U.S. dollar.
Sibayne Stillwater is a gold and silver miner. However, it’s also a miner of palladium and exploring expansion into copper and lithium. The former is a key component of catalytic converters which may not be as threatened by EVs as feared. And copper and lithium will be in high demand for the renewable energy economy.
SBSW stock is down 16% in 2024 but has formed a solid layer of support around $3.85 per share. The Sibayne Stillwater analyst forecasts on MarketBeat give the stock a consensus Reduce rating, but the consensus price target of $5.67 suggests an upside of over 25%.
About Sibanye Stillwater
Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.
Read More - Current Price
- $4.26
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $4.98 (16.8% Upside)
