We recently published a list of 10 Firms Defy Market Slump, Record Double-Digit Gains Last Week. In this article, we are going to take a look at where Sibanye Stillwater Ltd. (NYSE:SBSW) stands against other firms that defied the market slump and recorded double-digit gains last week.
The stock market may have taken a beating for most of the week, but it was able to recover losses on Friday, as investors gobbled up shares while weighing the impact of the US-China trade war.
Among all major indices, the tech-heavy Nasdaq registered the highest gain, up 7.29 percent, followed by the S&P 500 with 5.7 percent, and the Dow Jones by 4.95 percent.
Ten companies, predominantly in the gold and biopharmaceutical sectors, were the week’s top performers as investors sought haven from their stocks amid market uncertainties.
In this article, we have identified last week’s 10 highest gainers 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 trading volume.
The week-on-week prices were based on the companies’ closing prices on Friday as against on April 4, or a week earlier.
A mining truck loaded with precious metals in an open pit mine.
Sibanye Stillwater rallied by 27.3 percent week-on-week, ending Friday’s trading at $4.38 versus the $3.44 finish on April 4, as the company rose in line with higher gold prices.
As of Friday, spot prices of gold were up by 1.93 percent at $3,237.61 per ounce, a new all-time high and its second time hitting a new record during the week, as investor funds flocked to safer assets such as gold amid the ongoing trade tensions globally.
SBSW is a diversified mining company that mines gold, lithium, nickel, copper, zinc, and platinum group metals. In South Africa, it operates underground mines and surface treatment facilities at Beatrix, Driefontein, and Kloof.
It also holds a controlling stake in DRDGOLD Ltd., which operates surface tailings retreatment facilities on the West Rand through the Far West Gold Recoveries operation, and on the East Rand through its wholly-owned Ergo Mining subsidiary.
Overall, SBSW ranks 7th on our list of firms that defied the market slump and recorded double-digit gains last week. While we acknowledge the potential of SBSW as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is as promising as SBSW but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
