Sibanye Stillwater (NYSE:SBSW) Shares Gap Down - What's Next?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.72, but opened at $4.46. Sibanye Stillwater shares last traded at $4.47, with a volume of 1,212,276 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. JPMorgan Chase & Co. cut their target price on Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 3rd. 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 report on Friday, September 13th. Finally, Investec downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, Sibanye Stillwater currently has an average rating of "Hold" and a consensus target price of $5.17.

Sibanye Stillwater Stock Performance

The business has a 50-day moving average of $4.15 and a 200 day moving average of $4.55. 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 has a market cap of $3.11 billion, a PE ratio of 6.03 and a beta of 1.65.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. raised its position in shares of Sibanye Stillwater by 1,931.5% during the third quarter. Blue Trust Inc. now owns 9,345 shares of the company's stock valued at $41,000 after buying an additional 8,885 shares during the last quarter. GAMMA Investing LLC grew its position in Sibanye Stillwater by 62.6% in the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company's stock worth $42,000 after acquiring an additional 3,401 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Sibanye Stillwater during the 3rd quarter valued at $46,000. Signaturefd LLC lifted its holdings in shares of Sibanye Stillwater by 24.9% in the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company's stock worth $46,000 after acquiring an additional 2,241 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors purchased a new position in shares of Sibanye Stillwater during the first quarter valued at approximately $50,000. 34.93% of the stock is currently owned by institutional investors.

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.