Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

Research Firm with a Qualitative Overlay

Equity Bottom-Up

<ul>
<li>Santaco's taxi strike and ancillary unrest might spark another systemic event in South Africa ahead of its 2024 elections.</li>
<li>However, commodity price risk remains amid an uncertain interest rate outlook.</li>
<li>We lower our valuation of Sibanye's ADRs to $6.29 per share and maintain our neutral outlook.</li>
</ul>


Santaco's taxi strike and ancillary unrest might spark another systemic event in South Africa ahead of its 2024 elections.
However, commodity price risk remains amid an uncertain interest rate outlook.
We lower our valuation of Sibanye's ADRs to $6.29 per share and maintain our neutral outlook.


Sibanye: Dr. Burry's Divestment, Additional Social Unrest, And More

Sibanye Stillwater

Sibanye: Dr. Burry's Divestment, Additional Social Unrest, And More