To be completely blunt, precious metals miner Sibanye Stillwater (SBSW) has been a monstrous investment and I don’t mean that in the positive sense. Just in this short year alone, SBSW stock dropped more than 12% of equity value. In the past 52 weeks, shares succumbed to a 50% loss. Yikes!
Naturally, Barchart’s Technical Opinion indicator wasn’t too kind, rating SBSW stock an 88% strong sell. And if investors were looking for a turnaround signal, the aforementioned gauge wasn’t having any of it, noting that long-term metrics “fully support a continuation of the trend.”
