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

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $4.15, but opened at $3.72. Sibanye Stillwater shares last traded at $3.59, with a volume of 2,131,319 shares changing hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $4.70 to $5.30 in a research note on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $5.05.

Sibanye Stillwater Price Performance

The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 7.32 and a beta of 1.08. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The stock's fifty day moving average price is $3.88 and its 200-day moving average price is $3.99.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at $9,446,000. Raymond James Financial Inc. acquired a new position in Sibanye Stillwater in the fourth quarter valued at about $5,814,000. D. E. Shaw & Co. Inc. boosted its stake in 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 worth $21,588,000 after buying an additional 1,439,882 shares during the period. Northern Trust Corp increased its position in shares of Sibanye Stillwater by 1,673.5% during the fourth quarter. Northern Trust Corp now owns 1,014,294 shares of the company's stock valued at $3,347,000 after acquiring an additional 957,103 shares during the last quarter. Finally, Trek Financial LLC purchased a new stake in shares of Sibanye Stillwater in the 4th quarter valued at approximately $2,803,000. Institutional investors and hedge funds 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.