Sibanye Stillwater (NYSE:SBSW) Shares Down 3.1% - What's Next?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price fell 3.1% on Tuesday . The company traded as low as $3.40 and last traded at $3.46. 1,825,802 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 6,030,062 shares. The stock had previously closed at $3.57.

Analysts Set New Price Targets

SBSW has been the subject of several recent research reports. HSBC cut shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 target price for the company. in a report on Monday, November 4th. Investec downgraded Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, October 18th. Hsbc Global Res cut Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. Finally, BMO Capital Markets dropped their price objective on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating on the stock in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.98.

Sibanye Stillwater Stock Down 2.0 %

The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The business has a 50-day simple moving average of $4.26 and a 200-day simple moving average of $4.29. The company has a market cap of $2.48 billion, a PE ratio of 5.65 and a beta of 1.55.

Hedge Funds Weigh In On Sibanye Stillwater

A number of large investors have recently added to or reduced their stakes in SBSW. Creative Financial Designs Inc. ADV raised its holdings 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 during the last quarter. Blue Trust Inc. boosted its stake in 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 purchasing an additional 8,885 shares during the last quarter. Blankinship & Foster LLC purchased a new stake in shares of Sibanye Stillwater during the third quarter worth $41,000. Signaturefd LLC raised its position in shares of Sibanye Stillwater by 24.9% in the third quarter. Signaturefd LLC now owns 11,236 shares of the company's stock valued at $46,000 after buying an additional 2,241 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of Sibanye Stillwater in the third quarter worth about $46,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.