2 Mining Stocks To Buy As Rhodium Prices Surge

A consensus EPS estimate of $4.52 for the quarter ending June 30, 2021, represents a 222.6% improvement from the year-ago value. The consensus revenue estimate of $8.76 billion for the next quarter represents 110.1% growth from the same period last year. The stock has gained 396.4% over the past year.

IMPUY’s POWR Ratings reflect this promising outlook. The company has an overall A rating,  which translates to Strong Buy in our proprietary ratings system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.

IMPUY has a B Grade for Growth, Quality, and Momentum. Of 53 stocks in the Miners – Diversified industry, it is ranked #1.

To see additional POWR Ratings for Sentiment, Stability, and Value for IMPUY, Click here.

Sibanye Stillwater Limited (SBSW - Get Rating)

Incorporated in 2002, SBSW is a precious metal mining company that in South Africa, the United States, Zimbabwe, Canada, and Argentina. It produces gold, platinum group metals (PGMs), including palladium and rhodium projects, and their by-products. The company owns an interest in the Marathon PGM project in Canada, and the Altar and the Rio Grande copper-gold projects in the Andes in northwest Argentina, among others.

In March, SBSW and Johnson Matthey, a global leader in sustainable technologies, formed a  strategic partnership to develop solutions to reduce carbon footprints and seek more efficient uses of critical metals used in battery technology. This should enable SBSW to meet the increasing customer demand for responsibly sourced products.

In February, the company made an initial investment of € 30 million in Keliber Oy to help it drive its advanced lithium project in Finland. This strategic investment should allow SBSW to enter the battery metals sector, which complements its leading position in PGM.

SBSW’s profit attributable to owners of the company has increased to R29,312 million from R62 million for 2019, during the six months ended December 31, 2020. The company’s record adjusted free cash flow was R19.9 billion, while its net cash was R3.1 billion at the end of 2020.

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