Sibanye Stillwater: Weakness Ahead Offers Opportunity

Fun Trading
21.53K Followers

Summary

  • Sibanye Stillwater Limited released its H2 2022 results, reporting profits of $344 million and revenue of $3,878 million.
  • On October 4, 2023, CEO Neal John Froneman said that it is unlikely that the group will pay a final dividend in 2023.
  • I recommend buying Sibanye Stillwater shares between $5.50 and $5.00 with potential lower support at $4.80.

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RHJ

Introduction

Johannesburg-based company Sibanye Stillwater Limited (NYSE:SBSW) released its six-month earnings results ending June 30, 2023, on August 29, 2023. It is time to update my prior article and discuss the most recent developments.

Note: This article updates my

Unfortunately, my marketplace will be closed at the end of this month.

This article was written by

21.53K Followers
Fun Trading is a retired engineer and independent investor. In addition to writing on investing in all aspects of gold, oil, and gas, he runs his own portfolio.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SBSW, IMPUY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

As explained in my article, I trade short-term SBSW frequently and own a long-term position as well.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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