Sibanye Stillwater (NYSE:SBSW) Downgraded to "Hold" at Investec

Sibanye Stillwater (NYSE:SBSW - Get Free Report) was downgraded by research analysts at Investec from a "buy" rating to a "hold" rating in a report issued on Friday, MarketBeat.com reports.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets decreased their price objective on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. decreased their price target on shares of Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Sibanye Stillwater has an average rating of "Hold" and an average price target of $5.17.

Sibanye Stillwater Stock Performance

Shares of SBSW traded up $0.37 during mid-day trading on Friday, hitting $4.44. The stock had a trading volume of 8,343,869 shares, compared to its average volume of 5,970,594. Sibanye Stillwater has a fifty-two week low of $3.08 and a fifty-two week high of $5.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The company's fifty day simple moving average is $4.13 and its two-hundred day simple moving average is $4.56.

Hedge Funds Weigh In On Sibanye Stillwater

Several hedge funds and other institutional investors have recently modified their holdings of SBSW. Renaissance Technologies LLC boosted its position in shares of Sibanye Stillwater by 125.0% during the second quarter. Renaissance Technologies LLC now owns 436,935 shares of the company's stock worth $1,901,000 after buying an additional 242,735 shares during the period. Quantbot Technologies LP boosted its position in Sibanye Stillwater by 153.7% during the 1st quarter. Quantbot Technologies LP now owns 104,173 shares of the company's stock worth $491,000 after acquiring an additional 63,111 shares during the period. Fermata Advisors LLC bought a new position in shares of Sibanye Stillwater in the first quarter worth $52,000. Virtu Financial LLC acquired a new position in shares of Sibanye Stillwater during the first quarter valued at $84,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Sibanye Stillwater during the second quarter valued at about $905,000. Institutional investors and hedge funds own 34.93% of the company's stock.

Sibanye Stillwater Company Profile

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.