Sibanye Stillwater Limited (NYSE:SBSW) Receives Average Rating of "Reduce" from Analysts

Shares of Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) have been given a consensus rating of "Reduce" by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $4.79.

Several research analysts recently issued reports on the company. Hsbc Global Res lowered Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. 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 research report on Monday, November 4th. Finally, Royal Bank of Canada dropped their target price on shares of Sibanye Stillwater from $6.00 to $4.25 and set a "sector perform" rating on the stock in a research report on Thursday.

Sibanye Stillwater Stock Performance

NYSE SBSW traded down $0.14 on Thursday, hitting $3.83. The stock had a trading volume of 8,969,187 shares, compared to its average volume of 6,479,563. Sibanye Stillwater has a 52-week low of $3.08 and a 52-week high of $5.93. The business's fifty day moving average price is $3.69 and its 200 day moving average price is $4.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Hedge Funds Weigh In On Sibanye Stillwater

Several hedge funds and other institutional investors have recently bought and sold shares of SBSW. Itau Unibanco Holding S.A. purchased a new position in shares of Sibanye Stillwater during the fourth quarter worth $25,000. Creative Financial Designs Inc. ADV raised its stake 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 buying an additional 2,200 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at about $35,000. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 8,885 shares during the last quarter. Finally, Blankinship & Foster LLC acquired a new stake in Sibanye Stillwater during the third quarter worth about $41,000. Institutional investors and hedge funds own 34.93% of the company's stock.

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.