The diversified South African miner took control of Finnish battery chemicals maker Keliber in October, when it raised its shareholding to 85% after acquiring a 30.29% stake in February. Sibanye said its board-approved capital expenditure programme would start with construction of a lithium hydroxide refinery within Finland's the Kokkola industrial park, a logistics hub from where the company plans to feed into the European battery sector.
Sibanye Gold Limited (SBSW) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
The consensus price target hints at a 36% upside potential for Sibanye Gold Limited (SBSW). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.