Mining Stock Catches Early Bid Following Bullish Analyst Shift

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Tuesday, March 18, 2025

A mining company that has operations in quite a few locations around the globe has found quite a bit of success on Tuesday after it was announced that RBC has raised its price target from $3.90 to $4.70/share, while also upgrading the security to an ‘Outperform’ rating. 

Traders quickly bought up shares of Sibanye Stillwater Limited – ADR (NYSE:SBSW) following the news as shares are currently bid at $4.27/share (+4.40% implied open for sellers) at the time of writing. This move could be an indication that this stock could be breaking out of the consolidation it has been stuck in for quite some time, building on the last couple of sessions’ success. 

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. It owns the East Boulder and Stillwater mines located in Montana, the United States; and Columbus metallurgical complex, which smelts the material mined to produce PGM-rich filter cake, as well as conducts PGM recycling activities. The company also involved in the Kroondal, Rustenburg, Marikana, and Platinum Mile operations situated in South Africa; Mimosa located on the southern portion in Zimbabwe; the Driefontein, Kloof, Rand Refinery, and Cooke surface operations located on the West Rand of the Witwatersrand Basin; and the Beatrix situated in the southern Free State. In addition, it owns an interest in surface tailings retreatment facilities; the Marathon PGM project in Ontario, Canada; the Altar and Rio Grande copper gold projects in the Andes in north-west Argentina; the Hoedspruit; and the Burnstone and southern Free State gold projects in South Africa. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevreden Park, South Africa.

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