BMO Capital raised the firm’s price target on Sibanye Stillwater (SBSW) to $18 from $14 and keeps a Market Perform rating on the shares. The company’s strategy day outlined CEO Stewart’s focus on operational consistency, financial discipline, and organic growth, which should resonate well with investors, the analyst tells investors in a research note. Sibanye Stillwater’s capital allocation priorities also emphasized asset recapitalization and liquidity, the firm added.
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