Why Sibanye Stillwater Limited (SBSW) Soared On Thursday

We recently published a list of 10 Stocks With Surprising Gains. In this article, we are going to take a look at where Sibanye Stillwater Limited (NYSE:SBSW) stands against other best-performing stocks on Thursday.

Sibanye Stillwater grew its share prices by 7.79 percent on Thursday to finish at $6.50 apiece as investors flocked to mining stocks following the rally in gold prices.

On Thursday, spot prices of gold held on to its level, growing 0.17 percent at $3,358.35 per troy ounce, as traders resorted to such asset to minimize risks from the ongoing trade tensions between the US and China.

Why Sibanye Stillwater Limited (SBSW) Soared On Thursday

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

In recent news, Sibanye Stillwater Limited (NYSE:SBSW) announced a more optimistic business outlook for the rest of the year.

According to Sibanye Stillwater Limited (NYSE:SBSW) CEO Neal Froneman, he expects the company to continue posting positive outcomes from its actions over the past two years.

In the first quarter of the year, Sibanye Stillwater Limited (NYSE:SBSW) registered an 89-percent jump in adjusted EBITDA of $222 million as a result of its diversification and restructuring program. Among its businesses, PGM operations was the strongest, contributing $137 million.

“The increase in Group adjusted EBITDA for Q1 2025 was not solely a function of our leveraged exposure to the increasing gold price, but reflects the combined outcome of operational restructuring we implemented from H2 2023, which has resulted in increased profitability from most of our operations,” he said.

“Along with reduced future annual capital requirements, we believe that this result signals a clear inflection point for the Group, and is set to position us to realize ongoing value for stakeholders,” he added.

Overall, SBSW ranks 8th on our list of best-performing stocks on Thursday. While we acknowledge the potential of SBSW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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