Sibanye Stillwater Upgraded to Buy by HSBC with $24.80 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2026
0mins
Should l Buy SBSW?
Source: seekingalpha
Sibanye Stillwater Ltd's stock has hit a 5-day low, reflecting a challenging trading environment.
HSBC upgraded Sibanye Stillwater's rating from Hold to Buy, raising its price target from $13.30 to $24.80, indicating strong confidence in the company's future profitability amid a supply-demand imbalance for platinum group metals. Analysts expect the market deficit for these metals to extend into 2026, which could drive price increases and influence mining investment decisions.
This upgrade comes as the company navigates a tough market, and the anticipated increase in reinvestment capital over the next 12-24 months could stabilize volumes and support growth.
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Analyst Views on SBSW
Wall Street analysts forecast SBSW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SBSW is 18.00 USD with a low forecast of 18.00 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 15.380
Low
18.00
Averages
18.00
High
18.00
Current: 15.380
Low
18.00
Averages
18.00
High
18.00
About SBSW
Sibanye Stillwater Limited is a multinational mining and metals processing group with a diverse portfolio of mining and processing operations, projects and investments across five continents. The Company is the recycler of platinum group metals (PGMs) and is interests in mine tailings retreatment operations. It is a primary producer of platinum, palladium, and rhodium and is a top tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt. The Company has also diversified into battery metals mining and processing. Its portfolio consists of platinum group metal operations in the United States (US), South Africa (SA) and Zimbabwe; gold operations and projects in SA; copper, gold and PGM exploration properties in North and South America, and zinc retreatment facility and copper property in Australia; recycling operations in the Americas region, and Keliber lithium project in Finland and the GalliCam project in France.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sibanye Stillwater Signs Renewable Energy Agreement
- Renewable Energy Agreement: Sibanye Stillwater has signed a renewable energy power purchase agreement with EtaPREMIUM, marking a significant step in the company's sustainability efforts, which is expected to lower operational costs and enhance environmental responsibility.
- Strategic Partnership: The signing of this agreement not only demonstrates Sibanye Stillwater's commitment to green energy but may also pave the way for future renewable energy projects, thereby strengthening the company's competitive position in the market.
- Environmental Impact: By implementing renewable energy solutions, Sibanye anticipates a reduction in greenhouse gas emissions, aligning with the growing global focus on sustainability and enhancing the company's image among investors and consumers.
- Market Outlook: The completion of this agreement could attract more investor interest in Sibanye Stillwater, especially against the backdrop of increasing global demand for renewable energy, further driving the company's long-term growth potential.
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Sibanye Stillwater Expands Renewable Energy Portfolio with New 220MW Power Purchase Agreement
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Sibanye-Stillwater Upgraded to Buy by HSBC with $24.80 Price Target
- Stock Surge: Sibanye-Stillwater's stock rose 7.4% in Friday's trading, reaching its highest level in nearly four years, reflecting market optimism regarding rising prices for platinum group metals and gold.
- Rating Upgrade: HSBC upgraded the miner's rating from Hold to Buy, raising its ADR price target from $13.30 to $24.80, indicating strong confidence in the company's future profitability.
- Supply-Demand Imbalance: Analysts noted that the market deficit for platinum group metals is expected to extend into 2026, with a widening deficit for platinum over the next five years, which will drive price increases and influence mining investment decisions.
- Investment Return Strategy: While mining companies typically prioritize deleveraging and cash returns during this cycle, analysts expect a potential increase in reinvestment capital in the next 12-24 months as companies seek to stabilize volumes and pursue growth.
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- Corteva's Positive Outlook: Corteva (CTVA) boasts an EPS Revision Grade of A+, reflecting optimistic analyst expectations regarding its profitability, which could enhance its competitiveness and market share within the materials sector.
- Sibanye Stillwater's Steady Performance: Sibanye Stillwater (SBSW) received an A+ rating, indicating an improvement in its earnings outlook, which is expected to further boost investor confidence and drive its stock price higher.
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Sibanye Stillwater Signs Renewable Energy Agreement
- Renewable Energy Agreement: Sibanye Stillwater has signed a renewable energy power purchase agreement with EtaPREMIUM, marking a significant step in the company's sustainability efforts, which is expected to lower operational costs and enhance environmental responsibility.
- Strategic Partnership: The signing of this agreement not only demonstrates Sibanye Stillwater's commitment to green energy but may also pave the way for future renewable energy projects, thereby strengthening the company's competitive position in the market.
- Environmental Impact: By implementing renewable energy solutions, Sibanye anticipates a reduction in greenhouse gas emissions, aligning with the growing global focus on sustainability and enhancing the company's image among investors and consumers.
- Market Outlook: The completion of this agreement could attract more investor interest in Sibanye Stillwater, especially against the backdrop of increasing global demand for renewable energy, further driving the company's long-term growth potential.
See More
Sibanye Stillwater's Renewable Energy Portfolio Expected to Produce 2.036 TWh of Clean Energy Annually Starting in 2028
Renewable Energy Portfolio: The focus is on the renewable energy portfolio of CO, which has been generating clean energy since 2028.
Annual Clean Energy Generation: CO's renewable energy efforts are projected to generate 2.036 THOF of clean energy annually.
See More
Sibanye Stillwater Expands Renewable Energy Portfolio with New 220MW Power Purchase Agreement
- Renewable Energy Expansion: The company is increasing its renewable energy portfolio by securing an additional 220 MW power purchase agreement.
- Strategic Growth: This move is part of a broader strategy to enhance sustainable energy sources and reduce reliance on non-renewable resources.
See More
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
See More
Sibanye-Stillwater Upgraded to Buy by HSBC with $24.80 Price Target
- Stock Surge: Sibanye-Stillwater's stock rose 7.4% in Friday's trading, reaching its highest level in nearly four years, reflecting market optimism regarding rising prices for platinum group metals and gold.
- Rating Upgrade: HSBC upgraded the miner's rating from Hold to Buy, raising its ADR price target from $13.30 to $24.80, indicating strong confidence in the company's future profitability.
- Supply-Demand Imbalance: Analysts noted that the market deficit for platinum group metals is expected to extend into 2026, with a widening deficit for platinum over the next five years, which will drive price increases and influence mining investment decisions.
- Investment Return Strategy: While mining companies typically prioritize deleveraging and cash returns during this cycle, analysts expect a potential increase in reinvestment capital in the next 12-24 months as companies seek to stabilize volumes and pursue growth.
See More
Top 10 Materials Companies by EPS Revision Grades
- BHP Group's Strong Performance: BHP Group (BHP) has received an EPS Revision Grade of A, indicating strong analyst confidence in its near-term performance, which is likely to drive stock price appreciation and attract more investor interest.
- Crown Holdings' Robust Growth: Crown Holdings (CCK) also achieved an A rating, suggesting improved earnings expectations that may lead to strong performance in the upcoming earnings season, thereby enhancing market confidence in its future growth.
- Corteva's Positive Outlook: Corteva (CTVA) boasts an EPS Revision Grade of A+, reflecting optimistic analyst expectations regarding its profitability, which could enhance its competitiveness and market share within the materials sector.
- Sibanye Stillwater's Steady Performance: Sibanye Stillwater (SBSW) received an A+ rating, indicating an improvement in its earnings outlook, which is expected to further boost investor confidence and drive its stock price higher.
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