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 Monday . The stock had previously closed at $3.61, but opened at $3.52. Sibanye Stillwater shares last traded at $3.51, with a volume of 645,658 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SBSW. HSBC lowered 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 note 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. Investec lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, October 18th. Finally, BMO Capital Markets cut their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $4.98.

Sibanye Stillwater Stock Down 1.1 %

The stock has a fifty day moving average of $4.26 and a 200-day moving average of $4.30. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 5.76 and a beta of 1.55. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SBSW. Lingotto Investment Management LLP lifted its position in shares of Sibanye Stillwater by 1.9% in the 2nd quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company's stock valued at $99,186,000 after acquiring an additional 416,399 shares in the last quarter. Marshall Wace LLP raised its stake in Sibanye Stillwater by 3,256.8% during the 2nd quarter. Marshall Wace LLP now owns 5,315,274 shares of the company's stock valued at $23,121,000 after purchasing an additional 5,156,931 shares during the period. Bridgewater Associates LP lifted its holdings in shares of Sibanye Stillwater by 10.9% in the third quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company's stock valued at $13,467,000 after purchasing an additional 321,037 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Sibanye Stillwater by 30.8% in the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company's stock worth $12,228,000 after buying an additional 699,900 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of Sibanye Stillwater by 8.5% during the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company's stock valued at $6,891,000 after buying an additional 131,990 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.