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Royal Bank of Canada Issues Pessimistic Forecast for Sibanye Stillwater (NYSE:SBSW) Stock Price

Sibanye Stillwater logo with Basic Materials background

Sibanye Stillwater (NYSE:SBSW - Free Report) had its price objective reduced by Royal Bank of Canada from $6.00 to $4.25 in a research note issued to investors on Thursday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other research analysts also recently weighed in on SBSW. Hsbc Global Res downgraded shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. Investec downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday, October 18th. Finally, HSBC downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price objective on the stock. in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $4.79.

Get Our Latest Report on Sibanye Stillwater

Sibanye Stillwater Stock Down 3.4 %

Shares of Sibanye Stillwater stock traded down $0.14 during trading 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. The stock has a 50 day simple moving average of $3.69 and a 200 day simple moving average of $4.04. 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 1 year low of $3.08 and a 1 year high of $5.93.

Institutional Trading of Sibanye Stillwater

Large investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new stake in Sibanye Stillwater in the fourth quarter worth approximately $25,000. Creative Financial Designs Inc. ADV boosted its holdings 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 worth $31,000 after buying an additional 2,200 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Sibanye Stillwater during the 4th quarter worth $35,000. Blue Trust Inc. boosted its holdings in shares of Sibanye Stillwater by 1,931.5% during the 3rd 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 period. Finally, Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater during the 3rd quarter worth $41,000. 34.93% of the stock is owned by institutional investors.

About Sibanye Stillwater

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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.

Further Reading

Analyst Recommendations for Sibanye Stillwater (NYSE:SBSW)

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