Sibanye Stillwater (NYSE:SBSW) Shares Gap Down After Analyst Downgrade

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s share price gapped down before the market opened on Thursday after Royal Bank of Canada lowered their price target on the stock from $6.00 to $4.25. The stock had previously closed at $3.98, but opened at $3.80. Royal Bank of Canada currently has a sector perform rating on the stock. Sibanye Stillwater shares last traded at $3.76, with a volume of 2,074,519 shares traded.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of Sibanye Stillwater in the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock valued at $31,000 after purchasing an additional 2,200 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Sibanye Stillwater by 1,931.5% in the third quarter. Blue Trust Inc. now owns 9,345 shares of the company's stock valued at $41,000 after purchasing an additional 8,885 shares in the last quarter. Blankinship & Foster LLC acquired a new stake in shares of Sibanye Stillwater in the third quarter valued at approximately $41,000. Finally, Ameriprise Financial Inc. acquired a new stake in Sibanye Stillwater during the 4th quarter worth $35,000. Institutional investors own 34.93% of the company's stock.

Sibanye Stillwater Price Performance

The business's fifty day simple moving average is $3.69 and its 200 day simple moving average is $4.04. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

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.