SBSW Forecast + Trading Strategies


Bullish Case: SBSW shows potential growth leveraging strategic cost-cutting and a bullish outlook on PGM prices, supported by a recent recovery in metal prices and high executive confidence.


Bearish Case: Persistent historical underperformance and negative market sentiment forecast a bearish outlook, compounded by structural challenges in the PGM market and operational risks.


Potential Outcomes:

1. PGM market recovery strengthens: 30%.

2. Continued operational cost challenges: 40%.

3. Shift towards other commodities impacting SBSW's primary market: 30%.


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April 27, 2024


Sibanye Stillwater Forecast

SBSW        Sibanye Stillwater
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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Uncorrelated Stock Forecasts

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Anticorrelated Stock Forecasts

Assets that tend to move strongly against SBSW



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