Brokerages Set Sibanye Stillwater Limited (NYSE:SBSW) PT at $4.98

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) has earned a consensus rating of "Reduce" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.98.

Several analysts have recently commented on the company. HSBC cut Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 target price on the stock. in a report on Monday, November 4th. Investec lowered shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, October 18th. Hsbc Global Res downgraded shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 4th. Finally, BMO Capital Markets decreased their price target on shares of 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.

Sibanye Stillwater Price Performance

Shares of SBSW traded up $0.07 on Friday, hitting $4.09. The company's stock had a trading volume of 2,325,800 shares, compared to its average volume of 6,087,347. The company has a 50 day moving average price of $4.39 and a 200 day moving average price of $4.44. 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 fifty-two week low of $3.08 and a fifty-two week high of $5.93.

Hedge Funds Weigh In On Sibanye Stillwater

A number of hedge funds and other institutional investors have recently bought and sold shares of SBSW. Lingotto Investment Management LLP boosted its holdings in Sibanye Stillwater by 1.9% during the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company's stock worth $99,186,000 after buying an additional 416,399 shares during the last quarter. Marshall Wace LLP boosted its stake in Sibanye Stillwater by 3,256.8% during the 2nd quarter. Marshall Wace LLP now owns 5,315,274 shares of the company's stock worth $23,121,000 after acquiring an additional 5,156,931 shares during the last quarter. Bridgewater Associates LP boosted its stake in Sibanye Stillwater by 10.9% during the 3rd quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company's stock worth $13,467,000 after acquiring an additional 321,037 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Sibanye Stillwater by 30.8% during the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company's stock valued at $12,228,000 after purchasing an additional 699,900 shares during the period. Finally, Raymond James & Associates raised its holdings in Sibanye Stillwater by 8.5% in the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company's stock worth $6,891,000 after purchasing an additional 131,990 shares during the period. 34.93% of the stock is owned by institutional investors.

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.