Sibanye Stillwater (NYSE:SBSW) Price Target Lowered to $4.50 at BMO Capital Markets

Sibanye Stillwater (NYSE:SBSW - Free Report) had its price target trimmed by BMO Capital Markets from $5.00 to $4.50 in a report published on Friday, Benzinga reports. The firm currently has a market perform rating on the stock.

Separately, JPMorgan Chase & Co. reduced their price objective on Sibanye Stillwater from $7.00 to $6.00 and set a neutral rating for the company in a research report on Wednesday, July 3rd. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $5.17.

Sibanye Stillwater Trading Up 7.9 %

Shares of NYSE:SBSW traded up $0.30 during trading on Friday, reaching $4.03. The stock had a trading volume of 11,728,920 shares, compared to its average volume of 5,988,349. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $4.23 and a two-hundred day simple moving average of $4.59. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $6.99.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors have recently bought and sold shares of the business. Lingotto Investment Management LLP boosted its stake in Sibanye Stillwater by 1.9% in the 2nd quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company's stock valued at $99,186,000 after buying an additional 416,399 shares in the last quarter. Marshall Wace LLP boosted its position in Sibanye Stillwater by 3,256.8% in the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company's stock valued at $23,121,000 after buying an additional 5,156,931 shares in the last quarter. Millennium Management LLC grew its stake in Sibanye Stillwater by 65.1% during the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company's stock worth $5,809,000 after buying an additional 526,724 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Sibanye Stillwater by 8.7% during the second quarter. American Century Companies Inc. now owns 1,123,276 shares of the company's stock worth $4,886,000 after buying an additional 90,063 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Sibanye Stillwater by 53.2% in the second quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company's stock valued at $4,385,000 after acquiring an additional 349,835 shares during the last quarter. Institutional investors and hedge funds 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.