![]() (To watch Agarwal’s track record, click here) This target puts the upside potential at ~13%. Along with a Buy rating, he keeps a $18.50 price target on the stock. Given all of the above, Agarwal has high hopes. "We remain structurally positive on battery metals (copper & lithium) and see the increasing EV penetration as a secular demand driver," the analyst added. ![]() ![]() The solid balance sheet and FCF generation positions Sibanye well to continue to return sector-leading cash to shareholders (we forecast cash returns at ~8% pa vs. In the near term, we forecast a rebound in PGM demand in 2022 as auto production cuts reverse (+10%YoY jump in 2022), which should drive PGM prices. This ADR dividend, annualized to $1.54, gives a yield of 9.4%.ĭeutsche Bank analyst Abhinandan (Abhi) Agarwal takes a bullish stand on SBSW shares, writing, “We see several near- and long-term catalysts for Sibanye. The last dividend, paid out in September, was for 19 cents per US common share, or 77 cents per American Depositary Receipt. The company does this in part through a common share dividend, paid out twice yearly. The purchase, for 85 million Euros, further advances the mining company’s battery metal processing operations.Īs a policy, Sibanye Stillwater aims to return between 25% and 35% of earnings to shareholders. In the second announcement, made earlier this month, Sibanye Stillwater completed its purchase of the Sandouville nickel hydrometallurgical processing plant located in Normandy, France. As by-products of the precious metal operations, Sibanye produces significant quantities of copper, lithium, nickel, and zinc The company is also heavily involved in recycling the industrial platinum used in automotive catalytic converters, and is moving toward the battery-metal recycling business as well. ![]() While Sibanye Stillwater is the world’s #3 gold producer, it is the #1 platinum producer and the #2 producer of palladium. We’ll start in the mining sector, because what could be better than owning your own gold mine? Sibanye Stillwater has gold mining ops in its home country of South Africa – but has diversified widely around the world and is now one of the largest producers of the platinum group metals (PGMs), an important class of precious and rare metal elements. Wall Street’s analysts say that these are solid stocks to buy. Dividend stocks are a common choice if the yield is high enough, it can offset losses elsewhere.īearing this in mind, we used the TipRanks' database to zero-in on two stocks that are showing high dividend yields – on the order of 9% or more. Taking a cautious approach could prove to be a prudent solution investors can seek shelter in a defensive play that will provide some income padding in the portfolio. From the supply chain bottlenecks, to increasing shortages of goods, to steadily rising inflation, to the COVID pandemic that won’t go away and the vaccines that are seemingly ineffective, to the war drums beating on the Russia-Ukraine border, it seems there’s just nowhere to turn for a respite. The headwinds pushing against the market momentum have come in a cluster. The losses have been broad-based, although tech has been particularly hard hit. The NASDAQ has fallen almost 12% since the start of the year, and the S&P 500 is behind at a net year-to-date loss of 8%. What can we say about 2022? The year is only 6 weeks old, and the markets – which climbed so high in 2021 – are in a correction.
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