Shares of Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $5.22, but opened at $4.96. Sibanye Stillwater shares last traded at $4.92, with a volume of 1,038,063 shares.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on SBSW. Investec lowered shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, October 18th. JPMorgan Chase & Co. lowered their price target on Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, July 3rd. Finally, BMO Capital Markets dropped their price target on 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. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $5.17.
Check Out Our Latest Stock Report on Sibanye Stillwater
Sibanye Stillwater Trading Down 6.3 %
The stock has a fifty day moving average of $4.22 and a 200 day moving average of $4.53. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.
Institutional Trading of Sibanye Stillwater
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Creative Financial Designs Inc. ADV grew its holdings in Sibanye Stillwater by 40.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock valued at $31,000 after buying an additional 2,200 shares in the last quarter. Blue Trust Inc. grew its stake in 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 acquiring an additional 8,885 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Sibanye Stillwater in the 3rd quarter valued at $46,000. Signaturefd LLC lifted its stake in 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 purchasing an additional 2,241 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new position in shares of Sibanye Stillwater during the 2nd quarter valued at about $64,000. 34.93% of the stock is owned by hedge funds and other institutional investors.
About Sibanye Stillwater
(
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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.
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