Sibanye Stillwater (NYSE:SBSW) Upgraded by Royal Bank of Canada to Outperform Rating

Sibanye Stillwater (NYSE:SBSW - Get Free Report) was upgraded by research analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a $5.30 target price on the stock, up from their prior target price of $4.70. Royal Bank of Canada's target price points to a potential upside of 21.42% from the company's previous close.

Sibanye Stillwater Stock Down 0.3 %

NYSE:SBSW traded down $0.02 on Tuesday, hitting $4.37. The stock had a trading volume of 7,475,265 shares, compared to its average volume of 6,470,521. The business's fifty day moving average is $3.75 and its 200 day moving average is $3.97. The company has a market cap of $3.09 billion, a PE ratio of 8.39 and a beta of 1.59. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. Sibanye Stillwater has a 52 week low of $3.05 and a 52 week high of $5.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBSW. Itau Unibanco Holding S.A. bought a new position in Sibanye Stillwater in the fourth quarter worth approximately $25,000. Ameriprise Financial Inc. purchased a new stake in shares of Sibanye Stillwater in the fourth quarter worth approximately $35,000. Blankinship & Foster LLC purchased a new stake in shares of Sibanye Stillwater in the third quarter worth approximately $41,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Sibanye Stillwater in the fourth quarter worth approximately $41,000. Finally, Rhumbline Advisers raised its stake in shares of Sibanye Stillwater by 32.3% in the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock worth $42,000 after purchasing an additional 3,120 shares during the last quarter. Institutional investors own 34.93% of the company's stock.

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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.