Sibanye Stillwater downgraded to Sell from Speculative Buy at SBG Securities

SBG Securities analyst Adrian Hammond downgraded Sibanye Stillwater to Sell from Speculative Buy with a price target of R$18, down from R$30, after considering the FY23 results. ” Until we see an outlook in which Sibanye can deliver operationally without risking shareholders or asset quality, we are unlikely to reconsider our recommendation,” the analyst tells investors.