Sibanye Stillwater (SSW) Stock Overview
Operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
SSW Community Fair Values
Create NarrativeSee what 133 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Sibanye Stillwater Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R51.12 |
| 52 Week High | R85.43 |
| 52 Week Low | R32.31 |
| Beta | 0.97 |
| 1 Month Change | 17.54% |
| 3 Month Change | 17.73% |
| 1 Year Change | 34.56% |
| 3 Year Change | 61.98% |
| 5 Year Change | 7.76% |
| Change since IPO | 299.91% |
Recent News & Updates
Narrative Update • Sep 09
SSW: Organic PGM Expansions And Deleveraging Will Drive Future Repricing
The analyst price target for Sibanye Stillwater has shifted from ZAR78.04 to ZAR75.00 as analysts factor in the move toward organic growth, recent price target trims, and comments on balance sheet progress and project execution risks. Analyst Commentary Recent research on Sibanye Stillwater highlights a mix of optimism on execution and balance sheet progress, alongside caution on project and commodity risks.
Narrative Update • Aug 21
SSW: Future Returns Will Hinge On Organic Projects And Balance Sheet Deleveraging
The analyst price target for Sibanye Stillwater has shifted higher to ZAR49.77 from ZAR47.27, with analysts pointing to the company’s move toward organic growth, continued work on its South African PGM portfolio, and balance sheet deleveraging as key drivers of their updated valuation views. Analyst Commentary Recent research on Sibanye Stillwater points to a mixed but constructive view, with analysts weighing the company’s focus on organic growth and balance sheet deleveraging against project execution risks and commodity exposure.Recent updates
Narrative Update • Sep 09
SSW: Organic PGM Expansions And Deleveraging Will Drive Future Repricing
The analyst price target for Sibanye Stillwater has shifted from ZAR78.04 to ZAR75.00 as analysts factor in the move toward organic growth, recent price target trims, and comments on balance sheet progress and project execution risks. Analyst Commentary Recent research on Sibanye Stillwater highlights a mix of optimism on execution and balance sheet progress, alongside caution on project and commodity risks.Narrative Update • Aug 21
SSW: Future Returns Will Hinge On Organic Projects And Balance Sheet Deleveraging
The analyst price target for Sibanye Stillwater has shifted higher to ZAR49.77 from ZAR47.27, with analysts pointing to the company’s move toward organic growth, continued work on its South African PGM portfolio, and balance sheet deleveraging as key drivers of their updated valuation views. Analyst Commentary Recent research on Sibanye Stillwater points to a mixed but constructive view, with analysts weighing the company’s focus on organic growth and balance sheet deleveraging against project execution risks and commodity exposure.Narrative Update • Aug 07
SSW: Future Returns Will Depend On PGM Portfolio Upgrades And Deleveraging
Sibanye Stillwater's analyst fair value estimate has been revised lower from ZAR65.41 to ZAR47.27 as analysts factor in a more cautious profit outlook, a slightly higher required return, and near term headwinds including subdued PGM markets, higher capital spending, execution risks, and uncertainty around Keliber cash flows. Analyst Commentary Recent Street research on Sibanye Stillwater points to a more balanced view, with bullish analysts highlighting long term portfolio work and cautious analysts focusing on capital needs and near term market conditions.Narrative Update • Jul 23
SSW: Long-Life PGM Projects And Deleveraging Will Drive Future Repricing
The analyst fair value estimate for Sibanye Stillwater has shifted from ZAR97.49 to ZAR78.04 as analysts weigh improved long term PGM asset quality and margin assumptions against a softer near term outlook, higher capital spending, execution risks, and uncertainty around Keliber cash flows, which are reflected in recent Street price target cuts. Analyst Commentary Recent Street research on Sibanye Stillwater points to a mixed but generally constructive stance, with analysts adjusting price targets to reflect both improved long term asset quality in platinum group metals and a softer near term outlook.
Narrative Update • Jul 09
SSW: Cost Discipline And Production Plans Will Guide Balanced Future Returns
Analysts have trimmed their fair value estimate for Sibanye Stillwater from ZAR48.43 to ZAR33.00, citing updated assumptions on discount rates, revenue growth, profit margins, future P/E multiples, and recent Street target reductions. What's in the News Sibanye Stillwater held an Analyst and Investor Day focused on the group’s international and recycling operations, outlining capital and production plans for these parts of the business.Narrative Update • Jun 25
SSW: Higher Margins And Cost Control Will Shape Future Returns
Analysts have made a small upward adjustment to the Sibanye Stillwater price target to ZAR48.43. This reflects updated views on discount rates, revenue growth, profit margins, and future P/E assumptions.Narrative Update • Jun 11
SSW: Stable Production And Higher Metal Prices Will Support Repricing
Analysts have adjusted their fair value estimate for Sibanye Stillwater to ZAR97.49 per share from ZAR97.55. This reflects updated views on a slightly higher discount rate, firmer revenue growth assumptions, a modestly softer profit margin, and a largely unchanged future P/E expectation.Narrative Update • May 28
SSW: Future Returns Will Rely On Executing Higher Margin And P E Assumptions
Analysts have reset their ZAR price expectations for Sibanye Stillwater lower, with a new fair value estimate of about ZAR65.41 compared with roughly ZAR82.53 previously, reflecting updated views on revenue growth, profit margins and a reduced future P/E assumption. What's in the News First quarter 2026 update: SA PGM operations 4E production, excluding third party concentrate, was 2% higher year on year, with AISC of ZAR 24,629/4Eoz (US$1,507/4Eoz) in line with the first quarter of 2025.Narrative Update • May 13
SSW: Stronger Margin Outlook And Kloof Shaft Resolution May Support Repricing
Analysts have trimmed their ZAR price target for Sibanye Stillwater from ZAR100.00 to about ZAR97.55, reflecting updated assumptions around slightly lower revenue, a small change in discount rate, an adjusted future P/E and a modestly higher profit margin outlook. What's in the News Operations at the Kloof 8 shaft near Glenharvie in South Africa are halted while Sibanye Stillwater investigates a fatal incident on May 3, 2026.Narrative Update • Apr 28
SSW: Higher Discount Rates And Margin Assumptions Will Shape Future Returns
Analysts have trimmed their Sibanye Stillwater price target by ZAR2, reflecting slightly higher discount rate assumptions and more cautious revenue growth expectations. This is partly offset by a modestly stronger profit margin outlook and a marginally lower future P/E multiple.Narrative Update • Apr 14
SSW: Recent Bank Upgrades And Margin Delivery May Support Repricing
Analysts have reduced their ZAR fair value estimate for Sibanye Stillwater from ZAR103.00 to ZAR100.00, citing slightly higher discount rate assumptions, a modestly lower revenue growth outlook, and a lower future P/E multiple, partly offset by a small improvement in projected profit margins. Analyst Commentary Recent research updates on Sibanye Stillwater point to a more constructive tone from several bullish analysts, with a focus on valuation support and execution on key priorities.Narrative Update • Mar 30
SSW: Higher Earnings Outlook And Execution Risks Will Shape Future Returns
The analyst price target for Sibanye Stillwater has been raised from ZAR38.00 to about ZAR49.92, with analysts citing updated assumptions on fair value, discount rate, revenue growth, profit margins, and a higher future P/E multiple as the main drivers of this change. Analyst Commentary Recent research updates highlight a mix of optimism and caution around Sibanye Stillwater, with the raised ZAR49.92 price target sitting alongside more guarded views on the company’s ability to deliver on those assumptions.Narrative Update • Mar 16
SSW: Recent Bank Upgrades And Higher P E Assumptions May Support Repricing
Narrative Update The analyst price target for Sibanye Stillwater has been raised by ZAR4. Analysts cite updated assumptions for revenue growth, profit margins and a higher future P/E multiple as key factors behind the change.Narrative Update • Mar 02
SSW: Future Returns Will Depend On Executing Higher Margin And P E Assumptions
Sibanye Stillwater's analyst fair value estimate has been revised from about ZAR50.07 to around ZAR82.53, with analysts pointing to updated assumptions on discount rates, profit margins and future P/E multiples following recent research from major banks. Analyst Commentary Recent Street research has focused on how updated assumptions for Sibanye Stillwater feed into valuation, especially around discount rates, profit margins and future P/E multiples.Narrative Update • Feb 16
SSW: Recent Bank Upgrades And Keliber Progress Will Support Repricing
Analysts have raised their ZAR price target on Sibanye Stillwater by ZAR4, citing updated assumptions for discount rates, profit margins and future P/E, supported by recent upgrades and more constructive views from several research houses. Analyst Commentary Bullish analysts are leaning into a more constructive view on Sibanye Stillwater, with recent research pointing to updated assumptions for discount rates, profit margins and future P/E as key drivers behind higher valuation ranges.Narrative Update • Feb 02
SSW: Recent Bank Upgrades And Project Progress Will Support Repricing
Analysts have roughly doubled their price target for Sibanye Stillwater to US$103.00 from US$50.00, citing updated assumptions for faster revenue growth, higher profit margins, and a lower future P/E multiple following recent upgrades from major banks. Analyst Commentary Recent upgrades from major banks have reinforced the view that Sibanye Stillwater could offer investors a more attractive balance between growth potential and valuation than previously assumed.Narrative Update • Jan 19
SSW: Wage Deal And Settlement Payments Will Weigh On Future Earnings
Analysts have kept their fair value estimate for Sibanye Stillwater steady at $38.00, while fine tuning inputs such as a slightly lower discount rate, modestly higher revenue growth assumptions, a small change in profit margin expectations, and a marginally lower future P/E to reflect a more balanced view of the company’s risk and earnings profile. What's in the News Sibanye Stillwater concluded a three year wage agreement for its South African gold operations with AMCU, NUM, UASA and Solidarity.Narrative Update • Jan 05
SSW: Future Wage And Settlement Costs Will Pressure Earnings Outlook
Analysts have raised their fair value estimate for Sibanye Stillwater from $19.50 to $38.00, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple that they consider a closer reflection of the company’s outlook. What's in the News Sibanye Stillwater concluded a three year wage agreement at its South African gold operations with AMCU, NUM, UASA, and Solidarity, covering annual wage and benefit adjustments for employees from 1 July 2025 to 30 June 2028 (Key Developments).Narrative Update • Dec 21
SSW: Future Returns Will Depend On Chrome Agreement Cash Flows
Analysts have slightly trimmed their price target on Sibanye Stillwater to around $50.07 from approximately $50.16, citing moderate reductions in the assumed discount rate, upgraded forecasts for revenue growth and profit margins, and a somewhat lower future price to earnings multiple. What's in the News Concluded a three year wage agreement at South African gold operations with AMCU, NUM, UASA, and Solidarity.Narrative Update • Dec 07
SSW: Future Returns Will Depend On Chrome Deals And Leadership Transition
Analysts have nudged their price target on Sibanye Stillwater higher to approximately $50 from about $47, citing slightly stronger expectations for revenue growth and profit margins, despite a modest uptick in the assumed discount rate and a largely unchanged future earnings multiple. What's in the News Sibanye Stillwater agreed to a USD 215 million commercial settlement with Appian Capital Advisory over the terminated Atlantic Nickel and Mineração Vale Verde acquisition, resolving the dispute ahead of a quantum trial that had been set for November 2025 (Key Developments).Narrative Update • Nov 22
SSW: Future Performance Will Depend On Platinum Group Metal Price Momentum
Analysts have increased their price target for Sibanye Stillwater from $7 to $8.50. They cite expectations for stronger performance in platinum group metals and improved future profitability, despite recent operational challenges.Narrative Update • Nov 08
SSW: Future Depends On Platinum Group Metal Gains Amid Gold Weakness
The analyst price target for Sibanye Stillwater has increased from $7.00 to $8.50, as analysts cite improved prospects in its platinum group metal business and expectations for stronger back-end weighted production following a recent rise in PGM prices. Analyst Commentary Analysts have provided a nuanced outlook on Sibanye Stillwater, reflecting both optimism and ongoing concerns.Narrative Update • Oct 25
Improving Metal Prices And Leadership Changes Will Drive Profit Outlook
Analysts have raised their price target for Sibanye Stillwater to $8.50, up from $7. This decision is based on anticipated gains from stronger platinum group metal performance and improving profit outlooks.Narrative Update • Oct 11
Lithium Oversupply And Global Electrification Will Reshape Metals Markets
Narrative Update on Sibanye Stillwater Analysts have raised their price target for Sibanye Stillwater from $7.00 to $8.50, citing improved revenue growth and profit margin expectations. They also point to anticipated benefits from a recovery in platinum group metal prices.Narrative Update • Sep 27
Lithium Oversupply And Global Electrification Will Reshape Metals Markets
Analysts have raised Sibanye Stillwater’s price target to ZAR33.44 as they anticipate a gradual operational recovery and medium-term upside from stronger PGM prices, despite near-term gold challenges. Analyst Commentary Expectations of a gradual operational recovery with production weighted toward the second half of the year.Narrative Update • Sep 12
Lithium Oversupply And Global Electrification Will Reshape Metals Markets
Despite softer first-half operational performance and continued weakness in the South Africa Gold segment, analysts have raised Sibanye Stillwater’s price target to ZAR32.40, driven by a stronger outlook for platinum group metals and benefit from improved PGM prices. Analyst Commentary Softer first-half operational performance, particularly in the South Africa Gold business, led to another guidance downgrade.Narrative Update • Aug 28
Leadership Shifts And Cost Pressures Will Spark Battery Metals Turnaround
With both the discount rate and future P/E remaining essentially unchanged, analyst perceptions of Sibanye Stillwater’s valuation are stable, resulting in an unchanged consensus price target of ZAR31.13. What's in the News Sibanye Stillwater expects first half 2025 headline earnings per share (HEPS) to increase over 100% year-on-year, despite a basic loss per share driven primarily by impairment losses at US PGM operations and the Keliber lithium project.
New Narrative • Apr 23
Leadership Shifts And Cost Pressures Will Spark Battery Metals Turnaround
Leadership changes may lead to strategic shifts that could misalign with market expectations, affecting revenue growth and investor confidence.Shareholder Returns
| SSW | ZA Metals and Mining | ZA Market | |
|---|---|---|---|
| 7D | -4.5% | -0.8% | -1.0% |
| 1Y | 34.6% | 22.3% | 9.2% |
Return vs Industry: SSW exceeded the ZA Metals and Mining industry which returned 22.3% over the past year.
Return vs Market: SSW exceeded the ZA Market which returned 9.2% over the past year.
Price Volatility
| SSW volatility | |
|---|---|
| SSW Average Weekly Movement | 8.0% |
| Metals and Mining Industry Average Movement | 8.1% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in ZA Market | 10.9% |
| 10% least volatile stocks in ZA Market | 2.6% |
Stable Share Price: SSW's share price has been volatile over the past 3 months compared to the ZA market.
Volatility Over Time: SSW's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of ZA stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2013 | 57,857 | Richard Stewart | www.sibanyestillwater.com |
Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces platinum group metals (PGMs), platinum, palladium, rhodium, ruthenium, iridium, gold, lithium, zinc, nickel, copper, and silver. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevredenpark, South Africa.
Sibanye Stillwater Limited Fundamentals Summary
| SSW fundamental statistics | |
|---|---|
| Market cap | R144.70b |
| Earnings (TTM) | R16.17b |
| Revenue (TTM) | R164.89b |
9.0x
P/E Ratio0.9x
P/S RatioIs SSW overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SSW income statement (TTM) | |
|---|---|
| Revenue | R164.89b |
| Cost of Revenue | R115.77b |
| Gross Profit | R49.12b |
| Other Expenses | R32.96b |
| Earnings | R16.17b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.71 |
| Gross Margin | 29.79% |
| Net Profit Margin | 9.80% |
| Debt/Equity Ratio | 62.2% |
How did SSW perform over the long term?
See historical performance and comparisonDividends
7.9%
Current Dividend Yield58%
Payout RatioDoes SSW pay a reliable dividends?
See SSW dividend history and benchmarks| Sibanye Stillwater dividend dates | |
|---|---|
| Ex Dividend Date | Sep 16 2026 |
| Dividend Pay Date | Sep 21 2026 |
| Days until Ex dividend | 2 days |
| Days until Dividend pay date | 7 days |
Does SSW pay a reliable dividends?
See SSW dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 05:39 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sibanye Stillwater Limited is covered by 19 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wade Napier | Avior Capital Markets |
| Andrew Byrne | Barclays |
| Raj Ray | BMO Capital Markets Equity Research |