Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 13,590,000 shares, a decline of 29.1% from the January 15th total of 19,180,000 shares. Currently, 1.9% of the company's stock are short sold. Based on an average trading volume of 5,980,000 shares, the days-to-cover ratio is currently 2.3 days.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada cut their target price on Sibanye Stillwater from $6.00 to $4.25 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Hsbc Global Res downgraded shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, HSBC cut 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. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.79.

Institutional Trading of Sibanye Stillwater

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goehring & Rozencwajg Associates LLC bought a new position in Sibanye Stillwater in the 4th quarter valued at $9,446,000. Raymond James Financial Inc. purchased a new stake in Sibanye Stillwater in the fourth quarter worth $5,814,000. D. E. Shaw & Co. Inc. lifted its position in shares of Sibanye Stillwater by 28.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company's stock valued at $21,588,000 after buying an additional 1,439,882 shares during the last quarter. Northern Trust Corp grew its stake in shares of Sibanye Stillwater by 1,673.5% during the 4th quarter. Northern Trust Corp now owns 1,014,294 shares of the company's stock worth $3,347,000 after acquiring an additional 957,103 shares during the period. Finally, Trek Financial LLC purchased a new stake in Sibanye Stillwater in the 4th quarter worth about $2,803,000. Hedge funds and other institutional investors own 34.93% of the company's stock.

Sibanye Stillwater Price Performance

NYSE SBSW traded down $0.01 on Tuesday, reaching $3.83. The company had a trading volume of 7,109,324 shares, compared to its average volume of 6,680,566. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The company's fifty day moving average is $3.67 and its 200 day moving average is $4.03. Sibanye Stillwater has a 52-week low of $3.08 and a 52-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.