Sibanye Stillwater (SBSW) Soars to Record High on Bullish Recommendation

Sibanye Stillwater Limited (SBSW) reached a new all-time high of $8.06 before closing at $7.93, up 4.76%. Wall Street Zen upgraded its stock to “buy” from “hold” following the company’s investment of $281 million in its Burnstone gold project in South Africa, with operations expected to benefit from favorable gold pricing for 20 years.

Sibanye Stillwater Limited (SBSW) announced a positive business outlook for the year, with an 89% increase in adjusted EBITDA to $222 million in the first quarter. PGM operations contributed $137 million to its strong performance, reflecting the company’s diversification and restructuring efforts.

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Read more at Yahoo Finance: Sibanye Stillwater (SBSW) Hits New All-Time High on Bullish Reco