Should I buy Sibanye-Stillwater stock in 2025? Complete ZA Analysis

What is Sibanye-Stillwater?

How much is the Sibanye-Stillwater stock?

The price of Sibanye-Stillwater stock is rising this week. Currently, the SSW share trades at 27.49 ZAR on the JSE, up 0.11% over the last 24 hours, with performance data for the week not available at this time.

While recent gains signal upward momentum, investors should be aware that technical indicators point to possible short-term volatility following the recent strong rally.

Our complete analysis of the Sibanye-Stillwater stock

We have thoroughly reviewed Sibanye-Stillwater’s latest financial statements, rigorously assessed the stock’s performance trajectory over the past three years, and integrated a spectrum of analyses—ranging from core financial indicators and technical signals to sector trends and competitive benchmarks—via our proprietary analytic algorithms. The convergence of these perspectives reveals compelling patterns that investors will want to note. So, why might Sibanye-Stillwater stock once again become a strategic entry point into the global precious and critical metals sector in 2025?

Recent Performance and Market Context

Sibanye-Stillwater (JSE: SSW, NYSE: SBSW) has staged an impressive recovery in 2025, with an extraordinary year-to-date increase of +91.36%. Over the past six months, the stock has climbed 54.23%, and it is showing a robust annual growth rate of +21.09%. The most recent intraday performance (as of 30 May 2025) saw the NYSE price reach $6.24, up 1.22%, and the JSE price at ZAR 27.49, up 0.11%.

Several positive catalysts underpin this resurgence:

• $500 million streaming deal with Franco-Nevada for gold and platinum production, reinforcing financial flexibility.
• Satisfactory Q1 2025 operating results as highlighted by management, further improving sentiment.
• Disciplined restructuring of US PGM operations, delivering streamlined cost bases and stronger operational focus.

The macroeconomic backdrop is particularly favourable. Global PGM (platinum group metals) demand is forecast to rebound alongside the automotive sector’s gradual recovery and accelerating decarbonisation. Rising precious metal prices and renewed institutional appetite for South African resource assets complete a bullish landscape. With a beta of 0.83, Sibanye-Stillwater’s historically lower volatility is another attractive feature for ZA investors seeking both growth and stability.

Technical Analysis

The technical profile of Sibanye-Stillwater at the end of May 2025 is distinctly bullish, though some short-term consolidation may materialise. Key indicators are as follows:

• RSI (14 days): 74.53—indicating overbought territory, typically a signal of strong buying momentum.
• MACD (12,26,9): 0.40—points to a maturing uptrend but suggests the need to monitor for pullbacks.
• Stochastic Oscillator: 96.73—again in overbought zone, often preceding a brief pause or sideways move.

Despite these “overheated” oscillators, the moving averages present compelling buy signals:

• 20-day moving average: $5.12 (current price well above)
• 50-day: $4.67
• 100-day: $4.17
• 200-day: $4.17

All longer-term averages are trending upwards, and price remains firmly above them, solidifying the bullish structure. The identified support at $5.90 (S2) aligns with a technical base, while immediate resistance at $6.23 (R2) is being actively contested.

Recent price action within the 52-week range ($3.05–$6.27) underscores a breakout into new yearly highs, reinforcing the narrative of a new bullish phase post-2024 sector weakness.

Fundamental Analysis

On a fundamental basis, Sibanye-Stillwater is in the midst of a significant turnaround story:

• Revenue: R112.13 billion in 2024 (+7% in H2), reflecting expansion and resilience amid challenging commodity cycles.
• EBITDA: R6.4 billion (H2 2024), supporting operating strength despite a net annual loss.
• Net result: The net loss reduced by a remarkable 80.68% versus 2023; on a per-share basis, trailing-twelve-month EPS is -$0.57—but the company is pivoting swiftly toward renewed profitability as forecast in the forward P/E of 10.57.

Valuation-wise, the forward multiple is now highly compelling when compared to sector averages, providing a discounted entry into a world leader in PGMs and gold. The absence of a dividend is a temporary function of prudent capital allocation amid restructuring, which ultimately supports longer-term equity value.

Structural strengths worth highlighting:

• Global market leadership in platinum, palladium, and rhodium.
• Top-tier gold producer.
• Innovative recycling of PGM catalysts and mine residue reprocessing—unique, ESG-aligned revenue streams.
• Diversified operations—footprint across South Africa, the United States, Europe, and Australia, mitigating regional risk.

Volume and Liquidity

Liquidity in Sibanye-Stillwater shares has markedly improved, with average daily volume on the NYSE exceeding 11 million shares. This robust participation suggests both institutional and retail conviction, further magnifying market confidence.

• Market capitalisation: $4.39 billion (NYSE), offering depth and stability.
• Public float: 706 million shares—ample liquidity for dynamic trading and fresh institutional positioning.
• Beta of 0.83 supports lower volatility and confirms the stock’s attractive risk-reward profile within the resource sector.

Such liquidity ensures that investors can consider both tactical and strategic allocations without material slippage or execution barriers.

Catalysts and Positive Outlook

Several powerful catalysts are converging to support the ongoing positive re-rating of Sibanye-Stillwater:

• PGM Price Recovery: Platinum and palladium prices are forecast to rebound as auto manufacture and environmental regulations drive demand.
• Expansion into Lithium and Critical Metals: Active portfolio diversification aligns the company with emerging clean energy trends—significantly expanding addressable markets and revenue visibility.
• Cost Optimisation Initiatives: The ongoing operational overhaul is sharpening margins, especially in the US operations, with management projecting further efficiency gains through 2025.
• Automotive Sector Rebound: The cyclical upturn in global vehicle production is a tailwind for PGM demand.
• ESG Leadership: Advances in catalyst recycling and sustainable mining reposition Sibanye-Stillwater as a compelling pick for socially responsible and impact-oriented investors.

The market consensus of 24 technical indicators flashing bullish further supports the thesis that Sibanye-Stillwater may be entering an extended period of outperformance.

Investment Strategies

With its recent surge yet a strong technical foundation below, Sibanye-Stillwater provides several favourable entry points for various investor time horizons:

• Short-term:
• Opportunistic traders could consider entries on pullbacks to the $5.90 support or during any consolidation above this level.
• Technical “overbought” signals suggest that brief cooling phases will likely be met with buyers returning swiftly, offering attractive risk-managed setups.
• Medium-term:
• Momentum remains strong, supported by the trajectory above all key moving averages and the prospect of sustained news flow around US restructuring, commodity price swings, and executive transition.
• Long-term:
• Investors seeking structural exposure to the green transition and enduring demand for PGMs, gold, and new energy metals may find this valuation highly attractive, given Sibanye-Stillwater’s global leadership, innovation in recycling, and robust geographic mix.
• Positioning ahead of potential upward earnings revisions as cost discipline and strategic expansion take root could prove prescient.

Is it the Right Time to Buy Sibanye-Stillwater?

Synthesising these insights, Sibanye-Stillwater stands out today for several reasons:

• Impressive 2025 rebound (+91% YTD), with clear signs of sustained momentum.
• Market-leading positions in PGMs, gold, and now an emerging presence in lithium and energy metals.
• Strong technical underpinnings with long-term bullish structure, real-time liquidity, and a disciplined, innovative management team.
• Optimising operational efficiency—especially in US assets—and a forward P/E that now justifies renewed investor attention.
• Multiple upside catalysts: from commodity price appreciation and green transition trends to upcoming leadership transitions and ongoing portfolio optimisation.

While it is prudent to monitor short-term consolidation and the finalisation of its executive handover, the prevailing metrics and medium-term outlook together make a compelling case. The fundamentals justify renewed interest, and technicals indicate the possibility of a new bull phase. With such a broad base of support and strategic evolution underway, Sibanye-Stillwater may very well represent an excellent opportunity for investors seeking exposure to precious and critical metals at the inflection point of a new cycle.

In conclusion, for those evaluating entry into the metals and mining sector—especially with an eye on South African and global plays—Sibanye-Stillwater offers a potent mix of immediate momentum, operational transformation, and long-term structural growth potential. The convergence of positive technical, fundamental, and sector signals means Sibanye-Stillwater deserves close consideration as a core position for 2025 and beyond.

How to buy Sibanye-Stillwater stock in South Africa?

Buying Sibanye-Stillwater shares online is straightforward and highly secure when you use a regulated broker in South Africa. You have two main options: a traditional spot purchase, where you directly own the shares, or trading Contracts for Difference (CFDs), which lets you speculate on the share price without taking ownership. Each approach has its own costs and characteristics. Below, we explain both methods and provide practical examples, to help you decide. To make the best choice, be sure to compare the leading brokers— you’ll find a convenient comparison further down the page.

Spot Buying

A spot purchase (also known as a “cash buy”) means you directly buy Sibanye-Stillwater shares via the Johannesburg Stock Exchange (JSE: SSW) using a regulated South African broker. You become the legal owner of the shares, entitled to all related rights. Brokers typically charge a fixed commission per order—commonly ranging from R70 to R150—plus a small percentage of the transaction value.

Example

Current share price: R27.49
Investment: R18,000 (approx. US$1,000 as of May 2025)
Brokerage fee: Approx. R90
Number of shares purchasable: (R18,000 – R90) ÷ R27.49 ≈ 652 shares

✔️ Gain scenario:
If Sibanye-Stillwater’s share price rises by 10%, your 652 shares would be worth nearly R19,800 (up from R18,000).
Result: Gross gain of R1,800, that is +10% on your investment (excluding taxes).

Trading via CFD

CFD trading lets you speculate on the price movement of Sibanye-Stillwater shares without owning the underlying asset. CFDs are offered by licensed brokers and often allow you to use leverage (borrowed funds to increase your exposure). Fees include the bid/ask spread (the difference between buy and sell price) and overnight financing costs if your position is held open beyond one day.

Example

Stake: R18,000 (approx. US$1,000)
Leverage: 5x, so your market exposure = R90,000
Scenario: If the share price rises by 8%, your position gains 8% × 5 = 40%
Result: Profit of R7,200 on R18,000 invested (excluding spreads and overnight fees)

Note: Leverage magnifies both gains and potential losses; use with caution and ensure you understand the risks.

Final Advice

Before investing, it’s essential to compare broker fees, available instruments, and trading conditions. Costs and access vary—some brokers specialise in direct shareholding, while others focus on CFD trading with leverage. Ultimately, your choice should match your investment goals, appetite for risk, and preferred strategy. For a detailed comparison of leading South African brokers and platforms, see our broker comparison further down the page. Investing in Sibanye-Stillwater can be a powerful way to get exposure to South Africa’s mining sector—choose your approach with care, and invest confidently!

Our 7 tips for buying Sibanye-Stillwater stock

The latest news about Sibanye-Stillwater

Sibanye-Stillwater stock has achieved an impressive +91.36% year-to-date performance, signalling a robust recovery in 2025. This outstanding rebound on both the JSE and NYSE—reaching 27,49 ZAR (+0,11% intraday) in South Africa—highlights renewed investor confidence in the group’s operational efficiency and future earnings prospects, especially relevant for South African shareholders experiencing local economic uncertainties. Such performance is underpinned by the company’s leading market position in platinum group metals (PGMs) and strategic moves to bolster its fundamentals.

Sibanye-Stillwater reported a 7% increase in H2 2024 revenue and an 80.68% reduction in net losses, reflecting effective cost controls and improved operational resilience. The adjusted EBITDA for H2 2024 reached 6,4 billion ZAR, while net losses narrowed to 7,3 billion ZAR, a powerful turnaround compared to previous periods. This improvement, alongside stable operational performance deemed “satisfactory” by management, indicates that restructuring efforts and efficiency gains are bearing fruit, which supports sustained recovery in share price and strengthens long-term prospects for South African investors.

The company secured a $500 million streaming agreement with Franco-Nevada, improving access to capital and funding for expansion, especially in gold and platinum operations in South Africa. This transaction not only boosts Sibanye-Stillwater’s financial flexibility but also underlines confidence from global partners in the group’s assets and growth strategy. For the local investment community, the capital injection reinforces the group’s capacity to invest in South African mining projects, support local employment, and drive future value creation across the region’s mineral sectors.

Technical signals for Sibanye-Stillwater remain mixed, but all major moving averages deliver positive buy signals, supporting medium-term momentum. While oscillators like the RSI (74.53) and stochastic (96.73) have entered overbought territory—potentially pointing to short-term consolidation—the 20, 50, 100, and 200-day moving averages are all above recent market prices. The technical outlook therefore suggests a healthy underlying trend, particularly relevant for South African traders monitoring the JSE listing, with opportunities for continued upside if consolidation is managed appropriately.

A seamless leadership transition is underway, with Dr. Richard Stewart set to take over as CEO on 30 September 2025, ensuring continued strategic focus on South African interests. The appointment of Dr. Stewart, previously Chief Regional Officer for Southern Africa, reflects Sibanye-Stillwater’s commitment to strong local stewardship and corporate governance. This transition mitigates uncertainty for regional stakeholders, sustains corporate culture in South Africa, and aligns leadership expertise with ongoing initiatives aimed at cost optimization, diversification into lithium and critical metals, and strengthening the group’s dominant PGM market position.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.