Sibanye Stillwater Limited (NYSE:SBSW) Given Average Rating of "Reduce" by Brokerages

Shares of Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) have received a consensus rating of "Reduce" from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $4.98.

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

Hedge Funds Weigh In On Sibanye Stillwater

Large investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its holdings in shares of Sibanye Stillwater by 40.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock valued at $31,000 after buying an additional 2,200 shares in the last quarter. Blue Trust Inc. grew its holdings in Sibanye Stillwater by 1,931.5% in the third quarter. Blue Trust Inc. now owns 9,345 shares of the company's stock worth $41,000 after purchasing an additional 8,885 shares during the last quarter. Blankinship & Foster LLC acquired a new position in shares of Sibanye Stillwater during the third quarter worth $41,000. Signaturefd LLC lifted its holdings 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 purchasing an additional 2,241 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Sibanye Stillwater in the 3rd quarter worth $46,000. 34.93% of the stock is currently owned by institutional investors.

Sibanye Stillwater Trading Down 2.0 %

SBSW stock traded down $0.07 during mid-day trading on Tuesday, reaching $3.50. The company had a trading volume of 3,554,253 shares, compared to its average volume of 6,041,614. The company has a market capitalization of $2.48 billion, a PE ratio of 5.65 and a beta of 1.56. The firm has a 50 day moving average of $4.26 and a 200 day moving average of $4.29. Sibanye Stillwater has a 12 month low of $3.08 and a 12 month high of $5.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

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.