Sibanye Stillwater Soars 79% YTD as Bulls Eye ZAR 3,475 Breakout

Sibanye Stillwater Ltd. (JSE: SSW) jumped 4.95% on Monday, closing at ZAR 3,136 per share—a 148 ZAC gain—amid renewed investor confidence.

Written by: Arslan Butt • Monday, June 9, 2025 • 2 min read

• Last updated: Monday, June 9, 2025

Quick overview

Sibanye Stillwater Ltd. saw a 4.95% increase in share price, closing at ZAR 3,136, driven by renewed investor confidence and a rally in precious metals.
The company's year-to-date share price has risen by 79.25%, with a six-month increase of 53.19% and a one-year return of 27.99%.
Technical analysis indicates a bullish trend, with the stock targeting ZAR 3,176 after breaking above ZAR 2,938, supported by a rising parallel channel.
Macro factors, including U.S.-China trade talks and local economic data, are expected to influence Sibanye's performance in the near term.

Sibanye Stillwater Ltd. (JSE: SSW) jumped 4.95% on Monday, closing at ZAR 3,136 per share—a 148 ZAC gain—amid renewed investor confidence. This spike follows a robust rally in precious metals and signals possible institutional interest, backed by a strong technical breakout. Year-to-date, Sibanye’s share price has climbed 79.25%, cementing its leadership in South Africa’s mining sector.

The bullish trend is more than short-lived: over the last six months, shares are up 53.19%, while the past 30 days show a 26.98% rise. Even looking at a one-year window, investors have earned a 27.99% return. Though the five-year view reflects a 23.87% decline, the all-time performance stands at an impressive +236.31%, indicating long-term shareholder value creation.

Channel Breakout Points to More Upside

Technical analysis paints a constructive picture. On the 4-hour chart, Sibanye has broken above ZAR 2,938 and now targets ZAR 3,176. The stock continues to trade within a rising parallel channel, supported by higher lows and a bounce from the 50 EMA at ZAR 2,711. A bullish pattern of three white soldiers last week reinforced the breakout.

The RSI is near 70.89—approaching overbought but not yet diverging—implying momentum remains on the bulls’ side. Price action now eyes resistance at ZAR 3,331 and ZAR 3,475.

Sibanye Price Chart - Source: Tradingview — Sibanye Price Chart – Source: Tradingview

Entry: Buy near ZAR 2,938 on a pullback
Stop-loss: Below ZAR 2,711 (50 EMA support)
Targets: ZAR 3,331 and ZAR 3,475

Rand, Trade Talks, and Policy in Focus

Beyond technicals, macro factors will influence Sibanye’s path. The South African rand was steady Monday, as traders awaited the outcome of U.S.-China trade negotiations in London. The talks could ease global tensions, which often impact risk-sensitive assets like the rand and, by extension, JSE-listed miners.

Locally, investors are watching for key mining and manufacturing data this week, alongside a revised fiscal budget proposal from Finance Minister Enoch Godongwana. The budget, set for parliamentary debate Wednesday, may shape near-term sentiment toward South African equities.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.