Sibanye Stillwater (ADR) (SBSW)
Mines and processes precious metals while expanding recycling and battery-metals operations.
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Mines gold and platinum-group metals in South Africa and the United States, with additional recycling, lithium, nickel-processing and zinc-tailings activities. Revenue and operating performance depend on commodity prices, safe mine execution, labor continuity, recycling feed availability and project ramp-ups.
Operates South African gold and platinum-group-metals mines, Montana PGM mines and autocatalyst recycling, and a broader recycling portfolio. Lithium development in Finland, French nickel processing, Australian zinc-tailings retreatment and copper interests extend the asset base beyond precious metals.
Combines primary mining with secondary-resource recovery and recycling across South Africa, the United States, Europe and Australia. Acquisition-led expansion created mine-to-refinery PGM capability and a technically diverse portfolio; the current strategy emphasizes simplification, operating performance, organic growth and disciplined capital allocation.
Execution depends on commodity prices, deep-level mine safety, labor continuity and social-license obligations in South Africa. U.S. mining regulation, recycling feed availability and working-capital needs, completion and ramp-up of the Keliber lithium project, and managing a geographically heterogeneous asset base also shape operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Citigroup | Initiate | Rating: — | |
| Jul 14, 2026 | BMO Capital | Reiterate | Rating: —Target: $18 | Target: $12 |
| Jun 29, 2026 | RBC Capital | Reiterate | Rating: —Target: $12 | Target: $16.50 |
| Feb 3, 2026 | BMO Capital | Reiterate | Rating: —Target: $8.50 | Target: $18 |
| Jan 23, 2026 | HSBC | Upgrade | Target: — | Target: $24.80 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.38B · Total debt $2.29B · Total assets $9.78B · Shareholders' equity $3.29B
- Revenue
- $5.75B
- Operating income
- $1.74B
- Net income
- $1.13B
Reported in ZAR, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 18.52% | 131.08M ADS | |
|---|---|---|---|
| 288 holders · as of Jun 30, 2026 | |||
| Insiders | 0.17% | 1.18M ADS | |
| 12 holders · as of Jul 1, 2026 | |||
| Other | 81.31% | 575.38M ADS | |
| remainder | |||
707.64M ADS (1 ADS = 4 ordinary shares) as of Sep 17, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Exor Capital LLPInstitution | 2.70% | 19.08M ADS | as of Jun 30, 2026 |
Two Sigma Investments, LPInstitution | 1.03% | 7.27M ADS | as of Jun 30, 2026 |
Arrowstreet Capital, Limited PartnershipInstitution | 0.86% | 6.07M ADS | as of Jun 30, 2026 |
Bridgewater Associates, LPInstitution | 0.80% | 5.69M ADS | as of Jun 30, 2026 |
UBS Group AGInstitution | 0.76% | 5.37M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 30, 2026 | Richard Peter Menell | director | +15,000 | $2.19 |
| Jun 26, 2026 | Charl Keyter | director, officer: Chief Financial Officer | +200,000 | $2.24 |
| Mar 31, 2026 | Themba George Nkosi | officer: Chief People & Culture Officer | +11,865 | $2.91 |
| Mar 30, 2026 | Charles Edward Carter | officer: Chief Regional Officer: Amer. | +10,000 | $11.40 |
| Mar 24, 2026 | Richard Peter Menell | director | +2,500 | $11.43 |
- Harmony Gold Mining Company (ADR)
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Global gold rival with direct overlap at South Deep in South Africa
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sibanye Stillwater (ADR) | $11.34 | +1.89% | $7.88B | 8.7 | — | 0.8 | +80.5% |
| Harmony Gold Mining Company (ADR) | $19.40 | +2.08% | $11.87B | 6.7 | — | 1.8 | +75.9% |
| Gold Fields (ADR) | $42.56 | +1.36% | $37.58B | 8.6 | — | 3.3 | +71.8% |
| Median | 7.7 | — | 2.6 | +73.8% |