SBSW - Sibanye-Stillwater: Still A Bit Early To Engage
2024-02-21 09:28:51 ET
Summary
- Sibanye Stillwater stock has experienced a significant drawdown, with a cumulative year-on-year decrease of over 50%.
- Sibanye lost out on a bid for Mopani Copper Mines, and any future acquisitions in the competitive copper market are likely to occur at significant premiums.
- The company's South African PGM operations have improved, but there are concerns about the impact of autocatalyst headwinds.
- The stock is fairly valued according to our residual income model, and market sentiment seems mixed and matched.
Sibanye Stillwater Limited ( SBSW ) stock just can't seem to catch a break. The asset has drawn down nearly 30% since our latest coverage in September, amounting to a cumulative year-on-year drawdown of more than 50%.
Sibanye is an ever-expanding company and a stock that has produced stellar returns in the past. Therefore, many market participants are most likely waiting for the correct time to bet on a rebound. With that in mind, we decided to collate a few of our latest findings on Sibanye Stillwater's stock and share them with you right here on Seeking Alpha. ...
Sibanye-Stillwater: Still A Bit Early To Engage