Russia's reputed plan to invade Ukraine and recent soaring inflation rates have investors seeking stocks that'll "give ya' shelter from the storm," as the poet said. They are buying shares of gold mining companies like Sibanye-Stillwater. On Wednesday Sibanye-Stillwater reached an important milestone, with its stock Relative Strength (RS) Rating popping into the 90-plus percentile with an improvement to a 91 rating, an increase from 88 the day before. Sibanye-Stillwater shares were up 5.5% in Wednesday afternoon trading, to 17.71.
The 91 RS Rating means that Sibanye-Stillwater stock has outperformed 91% of all stocks over the past year. Decades of market research show that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
Sibanye-Stillwater Stock Among Top 5% Overall
Toronto-based Sibanye-Stillwater is a leading miner for gold, platinum, silver and other minerals, with mines in South Africa and the U.S.
The mining company recorded 204% earnings growth year over year in the latest quarterly report, to $116.85 per share. Revenue shot up 98% to $3.15 billion. The prior three quarters, its EPS rose more than 1,000% for two quarters and then 204% the quarter before last. Revenue growth the three periods prior to last quarter accelerated 40%, 40% and 98%. Sibanye plans to release its next earnings report on March 3 after the market closes.
Among its other primary ratings, Sibanye-Stillwater stock boasts a 95 IBD Composite Rating, putting it in the top 5% of all stocks on a group of key ratings.
The Composite Rating contains a mix of five other IBD stock ratings. The EPS, Relative Price Strength, Accumulation/Distribution, Sales+Margins+ROE and Industry Group Rating all come together. It combines the values of all those ratings to arrive at a single score of 1 to 99, where the best is 99.
Big Money Investors Buying Sibanye
Sibanye also holds a 74 EPS Rating and a B+ Accumulation/Distribution Rating on an A+ to E scale. The B+ rating means that institutional investors are eagerly buying Sibanye-Stillwater stock, a bullish indicator.
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The IBD 50 stock is working on a cup-without-handle pattern with a 19.84 entry. See if Sibanye-Stillwater stock can break out in heavy trade.
Sibanye-Stillwater stock holds the No. 2 rank among its peers in the Mining-Gold/Silver/Gems industry group. Franco-Nevada is the top-ranked stock in the group.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique Relative Strength Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
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