Sibanye Stillwater (NYSE:SBSW) Downgraded by Hsbc Global Res to "Hold"

Hsbc Global Res cut shares of Sibanye Stillwater (NYSE:SBSW - Free Report) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

SBSW has been the subject of a number of other reports. BMO Capital Markets lowered their target price on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a report on Friday, September 13th. 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 research note on Monday. Finally, Investec lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, Sibanye Stillwater has a consensus rating of "Hold" and a consensus target price of $4.98.

Sibanye Stillwater Stock Performance

Shares of SBSW stock traded up $0.17 during mid-day trading on Monday, hitting $4.84. 6,102,557 shares of the company's stock were exchanged, compared to its average volume of 6,130,399. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater has a fifty-two week low of $3.08 and a fifty-two week high of $5.93. The stock has a 50-day simple moving average of $4.26 and a two-hundred day simple moving average of $4.51.

Hedge Funds Weigh In On Sibanye Stillwater

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV grew its stake in shares of Sibanye Stillwater by 40.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock valued at $31,000 after acquiring an additional 2,200 shares in the last quarter. Signaturefd LLC grew its stake in 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 in the last quarter. Fermata Advisors LLC increased its holdings in Sibanye Stillwater by 13.2% during the 3rd quarter. Fermata Advisors LLC now owns 22,968 shares of the company's stock worth $94,000 after purchasing an additional 2,674 shares during the last quarter. BCGM Wealth Management LLC raised its position in shares of Sibanye Stillwater by 2.3% in the 1st quarter. BCGM Wealth Management LLC now owns 367,388 shares of the company's stock valued at $1,730,000 after purchasing an additional 8,246 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Sibanye Stillwater by 130.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 15,223 shares of the company's stock valued at $69,000 after buying an additional 8,607 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

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.