11/26

Sibanye-Stillwater Shares Flat Amid Bearish Precious Metals Market

Sibanye-Stillwater Limited (SBSW) shares are down 0.45% in after-hours trading, reaching $4.02, following a close at $4.04 on November 26, 2024. The decline comes amid a broader bearish sentiment in the precious metals market, as highlighted by recent market analysis. The analysis points to a short-term underperformance of miners relative to gold, despite support from the stock market, which is seen as a bearish indicator for the sector. Additionally, the USD Index's unexpected resilience is contributing to the pressure on gold and mining stocks, as it remains strong without a significant correction, further weighing on the sector.