10 Stocks That Led Tuesday’s Charge

6. Sibanye Stillwater Ltd. (NYSE:SBSW)

Sibanye Stillwater rallied for a third straight day on Tuesday, adding 5.62 percent to close at $4.32 apiece as investors took path from a recent rating upgrade for the company from an investment firm.

In its report, RBC Capital Markets said it upgraded SBSW’s stock rating to “outperform” from “sector perform” previously while increasing its price target to $5.3 from $4.7. The new price target represented a 22.68 percent upside from SBSW’s closing price on Tuesday.

According to RBC, SBSW shares have underperformed against other platinum group metals (PGM) and gold producers by 10 percent and 20 percent, respectively, making the company already undervalued.

According to the investment firm, it expects SBSW to perform better than the average return of the sector over the medium term.