Why Sibanye Stillwater Limited (SBSW) Skyrocketed Today

We recently published a list of These 10 Firms Just Beat the Market Today. In this article, we are going to take a look at where Sibanye Stillwater Limited (NYSE:SBSW) stands against other stocks that skyrocketed today.

Ten companies boasted whopping gains on Tuesday despite a wider market pessimism, as a flurry of corporate developments, including impressive earnings and bullish outlooks, sparked buying appetite.

In contrast, Wall Street’s main indices all finished in the red territory. The Dow Jones was down by 0.27 percent, the S&P 500 dropped 0.39 percent, and the tech-heavy Nasdaq declined 0.38 percent.

In this article, we named the 10 best-performing stocks during the trading session and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

Sibanye Stillwater Limited (NYSE:SBSW)

Sibanye Stillwater rallied for a fourth straight day on Tuesday, adding 14.46 percent to finish at $5.54 apiece, as investors continued to digest the company’s earnings performance and optimistic outlook for its business.

In a statement, Sibanye Stillwater Limited (NYSE:SBSW) CEO Neal Froneman said that 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 10th on our list of today's best-performing stocks. 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 AI stock that is more promising than SBSW and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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