Sibanye Stillwater (NYSE:SBSW) Shares Gap Down - Should You Sell?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $3.73, but opened at $3.55. Sibanye Stillwater shares last traded at $3.51, with a volume of 2,208,427 shares changing hands.

Analyst Upgrades and Downgrades

SBSW has been the subject of several research reports. HSBC cut shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price target for the company. in a research report on Monday, November 4th. Hsbc Global Res lowered Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, Royal Bank of Canada cut their price target on Sibanye Stillwater from $6.00 to $4.25 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $4.79.

Sibanye Stillwater Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The stock's 50-day moving average is $3.63 and its 200 day moving average is $4.02.

Institutional Trading of Sibanye Stillwater

Several hedge funds and other institutional investors have recently made changes to their positions in SBSW. BCGM Wealth Management LLC increased its position in Sibanye Stillwater by 60.3% during the 3rd quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company's stock valued at $2,549,000 after buying an additional 233,217 shares in the last quarter. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater during the fourth quarter valued at about $9,446,000. Barclays PLC purchased a new position in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $329,000. ABC Arbitrage SA purchased a new position in shares of Sibanye Stillwater in the 4th quarter valued at approximately $1,332,000. Finally, Anthracite Investment Company Inc. boosted its stake in Sibanye Stillwater by 114.3% in the 3rd quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company's stock worth $2,788,000 after purchasing an additional 361,685 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company's stock.

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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.