Strike Risks Loom, But Sibanye Stillwater Is Incredibly Cheap Today [Seeking Alpha]
D/B/A Sibanye-Stillwater Limited ADS (SBSW)
Company Research
Source: Seeking Alpha
SummaryPrecious metals miners have had generally poor performance this year due to production cuts stemming from COVID.The South African PGM giant Sibanye Stillwater recently crashed due to a drop in palladium prices and a three-week production halt mandated by the South African government.Sibanye Stillwater is extremely cheap and will likely gain from a lower Rand and higher gold prices.South African political risk is high as the government's COVID efforts may cause a hyper-inflationary shock if prolonged too long.While Sibanye Stillwater's operations are set to resume next week, the AMCU union may strike due to COVID-related worker safety issues.Despite relatively strong gold performance YTD, gold miners have not held up. The global economic outlook has declined considerably and it appears a sharp worldwide recession is likely. There is an ongoing debate about how long the recovery will take, but I'm erring on the side of caution due to the possibility of a 'second-wave' of COVID on
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SBSW
News
- Sibanye Stillwater Stock (NYSE:SBSW): Two-Pronged Approach to Precious Metals [Yahoo! Finance]Yahoo! Finance
- Sibanye Stillwater: The Tide May Be Turning [Seeking Alpha]Seeking Alpha
- Impala Platinum: Excellent Business At An Attractive Price At The Right Time; Rating Upgrade [Seeking Alpha]Seeking Alpha
- Gold prices hit record highs on safe-haven demand [Reuters]Reuters
- Sibanye Stillwater's South Africa restructure could cut 4,000 jobs [Seeking Alpha]Seeking Alpha
SBSW
Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 20-F
- 4/26/24 - Form 6-K
- SBSW's page on the SEC website