Sibanye Stillwater (NYSE:SBSW) Cut to "Hold" at HSBC

HSBC lowered shares of Sibanye Stillwater (NYSE:SBSW - Free Report) from a buy rating to a hold rating in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage currently has $4.40 price target on the stock.

A number of other analysts also recently commented on the company. BMO Capital Markets reduced their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a research report on Friday, September 13th. Investec cut shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $4.98.

Sibanye Stillwater Stock Down 2.4 %

NYSE:SBSW traded down $0.11 during trading hours on Monday, reaching $4.53. 4,234,784 shares of the company's stock were exchanged, compared to its average volume of 6,110,601. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The business's 50-day simple moving average is $4.24 and its two-hundred day simple moving average is $4.51. Sibanye Stillwater has a 12 month low of $3.08 and a 12 month high of $5.93.

Hedge Funds Weigh In On Sibanye Stillwater

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC grew its holdings in Sibanye Stillwater by 54.0% during the first 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 period. Capstone Investment Advisors LLC bought a new position in shares of Sibanye Stillwater in the 1st quarter worth $173,000. Quantbot Technologies LP grew its stake 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 worth $491,000 after acquiring an additional 63,111 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Sibanye Stillwater by 190.8% in the first quarter. SG Americas Securities LLC now owns 145,698 shares of the company's stock worth $686,000 after purchasing an additional 95,590 shares during the last quarter. Finally, Capital Wealth Planning LLC acquired a new stake in Sibanye Stillwater during the first quarter worth about $141,000. Institutional investors own 34.93% of the company's stock.

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.