Sibanye Stillwater Limited (NYSE:SBSW) Given Consensus Recommendation of "Reduce" by Brokerages

Shares of Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the six ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $4.98.

A number of research analysts have weighed in on the company. Investec lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, October 18th. BMO Capital Markets decreased their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating on the stock in a research note on Friday, September 13th. Finally, HSBC cut shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price objective for the company. in a research note on Monday.

Hedge Funds Weigh In On Sibanye Stillwater

Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in shares of Sibanye Stillwater by 54.0% in the 1st quarter. Private Advisor Group LLC now owns 83,699 shares of the company's stock valued at $394,000 after purchasing an additional 29,347 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in Sibanye Stillwater during the first quarter worth about $173,000. Quantbot Technologies LP increased its position in shares of Sibanye Stillwater by 153.7% during the first quarter. Quantbot Technologies LP now owns 104,173 shares of the company's stock valued at $491,000 after acquiring an additional 63,111 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Sibanye Stillwater by 190.8% during the first quarter. SG Americas Securities LLC now owns 145,698 shares of the company's stock valued at $686,000 after acquiring an additional 95,590 shares during the last quarter. Finally, Capital Wealth Planning LLC purchased a new stake in shares of Sibanye Stillwater in the 1st quarter valued at approximately $141,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Stillwater Stock Performance

Shares of NYSE SBSW traded down $0.11 during midday trading on Monday, hitting $4.53. The stock had a trading volume of 4,232,932 shares, compared to its average volume of 6,110,601. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The stock has a 50 day simple moving average of $4.24 and a 200-day simple moving average of $4.51. Sibanye Stillwater has a 1 year low of $3.08 and a 1 year high of $5.93.

About Sibanye Stillwater

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.