Sibanye Stillwater (NYSE:SBSW) Trading 3.8% Higher - Time to Buy?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) rose 3.8% during trading on Tuesday . The stock traded as high as $5.26 and last traded at $5.23. Approximately 2,576,544 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 6,080,391 shares. The stock had previously closed at $5.04.

Wall Street Analyst Weigh In

SBSW has been the subject of several recent analyst reports. BMO Capital Markets cut their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a report on Friday, September 13th. Investec lowered shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Sibanye Stillwater has an average rating of "Hold" and a consensus price target of $5.17.

Sibanye Stillwater Stock Up 3.4 %

The stock's fifty day moving average price is $4.20 and its 200-day moving average price is $4.53. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its position in shares of 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 acquiring an additional 2,200 shares during the last quarter. Signaturefd LLC boosted its position in shares of Sibanye Stillwater by 24.9% during the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company's stock valued at $46,000 after acquiring an additional 2,241 shares during the last quarter. Fermata Advisors LLC boosted its position in shares of Sibanye Stillwater by 13.2% during the 3rd quarter. Fermata Advisors LLC now owns 22,968 shares of the company's stock valued at $94,000 after acquiring an additional 2,674 shares during the last quarter. BCGM Wealth Management LLC lifted its position in Sibanye Stillwater by 2.3% in the first quarter. BCGM Wealth Management LLC now owns 367,388 shares of the company's stock valued at $1,730,000 after buying an additional 8,246 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Sibanye Stillwater by 130.1% in the second quarter. EverSource Wealth Advisors LLC now owns 15,223 shares of the company's stock valued at $69,000 after buying an additional 8,607 shares during the last quarter. Institutional investors and hedge funds 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.