Why Sibanye Stillwater (SBSW) Is Crashing?

We recently published a list of 10 Companies Reflect Market Decline. In this article, we are going to take a look at where Sibanye Stillwater Limited (NYSE:SBSW) stands against other companies that reflect market decline.

The stock market was lackluster on Thursday, with Wall Street’s main indices ending the day with marginal declines.

The Dow Jones Industrial Average dipped by 0.16 percent, the S&P 500 shed 0.21 percent, and the Nasdaq Composite declined by 0.89 percent.

Ten companies mirrored the decline on Wall Street over a series of catalysts including uncertain government policies and disappointing earnings results.

Let’s take a closer look at the worst performers and explore the factors behind their declines.

To come up with Thursday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A mining truck loaded with precious metals in an open pit mine.

Sibanye Stillwater Limited (NYSE:SBSW)

Shares of Sibanye Stillwater Limited (NYSE:SBSW) declined by 6.08 percent on Thursday to end at $3.4 apiece as investor sentiment was weighed down by growing tax uncertainties on all imported goods to the US, especially as president-elect Donald Trump already signaled to slap taxes on imports from all countries.

Sibanye Stillwater (NYSE:SBSW), a multinational mining company with operations across five continents—North America, South America, Europe, Africa, and Australia—stands to be hurt by any potential tariff impositions that could dampen demand and affect its profitability and market competitiveness.

In other news, Sibanye Stillwater (NYSE:SBSW) recently announced laying off 700 employees at its Montana mining as part of a restructuring, due in part to a dive in palladium prices and the loss of over $350 million in Montana in 2023. The recent job cut followed the first 100 layoffs in November.

The company is the largest employer in Stillwater County, employing people from across south-central and southeastern Montana.

Overall, SBSW ranks 2nd on our list of companies that reflect market decline. 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. If you are looking for an AI stock that is more promising than SBSW but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.