Gold Rush Boosts Sibanye Stillwater (SBSW) 160% YTD

We recently published 10 Stocks Exploded Over 100%; One Shockingly Soared 11,000%. Sibanye Stillwater Limited (NYSE:SBSW) is one of the top-performing mid-cap companies of the first half of the year.

Sibanye Stillwater grew its share prices by 160.3 percent year-to-date, finishing at $8.59 on Wednesday versus the $3.30 in the last trading day of 2024, with sentiment largely boosted by higher prices of gold tied to the trade tensions between the US and China.

On Tuesday, Sibanye Stillwater Limited (NYSE:SBSW) soared to a new all-time high of $8.66 following its continued inclusion as a constituent of the FTSE4Good Index for nine years now.

Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social, and Governance (ESG) practices.

In recent news, Sibanye Stillwater Limited (NYSE:SBSW) earned a more bullish recommendation from Wall Street Zen, having earned a “buy” recommendation versus “hold” previously.

Gold Rush Boosts Sibanye Stillwater (SBSW) 160% YTD

A mining truck loaded with precious metals in an open pit mine.

The recommendation followed the company’s revival of its Burnstone gold project in South Africa, with an additional $281 million investment expected to be poured in after a 4 billion rand expenditure already infused into the project.

According to Sibanye Stillwater Limited (NYSE:SBSW), it expects to exploit favorable gold pricing within 20 years of expected operations for the project.

While we acknowledge the risk and potential of SBSW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SBSW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.