Sibanye Stillwater (NYSE:SBSW) Trading Up 3.7% - Should You Buy?

Shares of Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) were up 3.7% during mid-day trading on Friday . The stock traded as high as $4.24 and last traded at $4.24. Approximately 672,680 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 5,933,823 shares. The stock had previously closed at $4.09.

Analyst Ratings Changes

Several equities research analysts have weighed in on SBSW shares. BMO Capital Markets cut their target price on Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. dropped their price target on shares of Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $5.17.

Sibanye Stillwater Stock Up 2.0 %

The company's 50 day moving average price is $4.12 and its 200-day moving average price is $4.58. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

Institutional Investors Weigh In On Sibanye Stillwater

Large investors have recently modified their holdings of the stock. Scarborough Advisors LLC purchased a new stake in shares of Sibanye Stillwater during the 4th quarter worth approximately $28,000. GAMMA Investing LLC grew its stake in Sibanye Stillwater by 62.6% in the 1st quarter. GAMMA Investing LLC now owns 8,837 shares of the company's stock valued at $42,000 after buying an additional 3,401 shares in the last quarter. Vanguard Capital Wealth Advisors purchased a new position in Sibanye Stillwater in the 1st quarter valued at approximately $50,000. Fermata Advisors LLC purchased a new position in Sibanye Stillwater in the 1st quarter valued at approximately $52,000. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in Sibanye Stillwater in the 2nd quarter valued at approximately $64,000. Hedge funds and other institutional investors 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.