Sibanye Stillwater (NYSE:SBSW) Reaches New 12-Month Low - Time to Sell?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price hit a new 52-week low on Friday . The company traded as low as $3.05 and last traded at $3.10, with a volume of 2468240 shares. The stock had previously closed at $3.20.

Wall Street Analyst Weigh In

SBSW has been the topic of a number of research analyst reports. Hsbc Global Res downgraded shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. Royal Bank of Canada cut their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Finally, HSBC cut Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price objective on the stock. in a research note 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.79.

Sibanye Stillwater Stock Up 3.9 %

The stock has a 50 day moving average of $3.60 and a 200-day moving average of $3.98. The firm has a market capitalization of $2.37 billion, a P/E ratio of 6.45 and a beta of 1.58. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

Institutional Investors Weigh In On Sibanye Stillwater

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBSW. Lingotto Investment Management LLP increased its position in shares of Sibanye Stillwater by 1.0% during the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock valued at $91,733,000 after buying an additional 286,195 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Sibanye Stillwater by 28.2% during the fourth 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 period. Invesco Ltd. increased its position in shares of Sibanye Stillwater by 0.6% during the fourth quarter. Invesco Ltd. now owns 4,582,354 shares of the company's stock valued at $15,122,000 after buying an additional 26,400 shares during the period. Two Sigma Advisers LP increased its position in shares of Sibanye Stillwater by 13.4% during the fourth quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company's stock valued at $11,138,000 after buying an additional 400,100 shares during the period. Finally, Bridgewater Associates LP increased its position in shares of Sibanye Stillwater by 10.9% during the third quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company's stock valued at $13,467,000 after buying an additional 321,037 shares during the period. 34.93% of the stock is currently owned by institutional investors.

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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.