Sibanye Stillwater Ltd. (NYSE:SBSW) is one of the best precious metals stocks to buy now. On September 10, Ben Davis, an analyst from RBC Capital, reiterated his positive stance with a Buy rating on the stock and raised his price target from $8.00 to $9.50.
This update follows shortly after Sibanye Stillwater reported the completion of its acquisition of Metallix Refining, which was announced on July 21, 2025. The company paid around $129 million in total enterprise value. This deal is expected to strengthen the company’s existing U.S. recycling operations and generate significant value through operational synergies.
Before Davis, an analyst from BMO Capital also raised his price target on the stock from $7.00 to $8.50 on September 2, but maintained his Market Perform rating. The analyst considered the recently reported H1 2025 results to be weaker and the South African Gold business guidance to be below expectations.
However, the analyst was upbeat about the South African platinum group metals (PGM) business, which is performing well and continues to benefit from the better pricing environment.
Sibanye Stillwater Ltd. (NYSE:SBSW) is a mining and metals processing group with a diverse portfolio of operations, including metal recycling, across the globe. The company is one of the world’s largest primary producers of platinum, palladium, and rhodium, and is a top-tier gold producer.
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Disclosure: None. This article is originally published at Insider Monkey.