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

Shares of Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) have earned a consensus recommendation of "Reduce" from the seven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $4.98.

Several analysts have recently weighed in on the stock. Hsbc Global Res lowered shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating 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. Finally, HSBC lowered shares of 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.

Institutional Trading of Sibanye Stillwater

Several hedge funds have recently modified their holdings of the stock. Marshall Wace LLP boosted its stake in Sibanye Stillwater by 3,256.8% in the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company's stock valued at $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% in the third quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company's stock valued at $13,467,000 after acquiring an additional 321,037 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Sibanye Stillwater by 30.8% in the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company's stock valued at $12,228,000 after acquiring an additional 699,900 shares during the last quarter. Raymond James & Associates boosted its stake in Sibanye Stillwater by 8.5% in the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company's stock valued at $6,891,000 after acquiring an additional 131,990 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Sibanye Stillwater by 65.1% in the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company's stock valued at $5,809,000 after acquiring an additional 526,724 shares during the last quarter. 34.93% of the stock is owned by institutional investors.

Sibanye Stillwater Trading Up 2.8 %

NYSE:SBSW traded up $0.10 during mid-day trading on Friday, hitting $3.50. The company's stock had a trading volume of 6,644,296 shares, compared to its average volume of 4,883,351. The stock has a fifty day moving average of $3.81 and a 200-day moving average of $4.15. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. Sibanye Stillwater has a fifty-two week low of $3.08 and a fifty-two week high of $5.93.

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.