Sibanye Stillwater (NYSE:SBSW) Shares Gap Up - Here's What Happened

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $3.30, but opened at $3.41. Sibanye Stillwater shares last traded at $3.42, with a volume of 1,165,047 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SBSW. BMO Capital Markets decreased 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. Investec cut shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, October 18th. Hsbc Global Res lowered Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a 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 note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, Sibanye Stillwater has a consensus rating of "Hold" and an average target price of $4.98.

Sibanye Stillwater Stock Up 5.2 %

The firm has a market cap of $2.46 billion, a P/E ratio of 5.60 and a beta of 1.55. The business's fifty day moving average price is $4.13 and its two-hundred day moving average price is $4.23. 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

A number of hedge funds have recently made changes to their positions in the stock. Blankinship & Foster LLC bought a new stake in Sibanye Stillwater during the third quarter worth approximately $41,000. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Sibanye Stillwater by 83.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 27,136 shares of the company's stock worth $112,000 after buying an additional 12,336 shares during the last quarter. Barclays PLC acquired a new position in Sibanye Stillwater in the 3rd quarter valued at $329,000. O Brien Greene & Co. Inc bought a new position in Sibanye Stillwater in the 3rd quarter worth $189,000. Finally, XTX Topco Ltd lifted its position in Sibanye Stillwater by 5.6% during the 3rd quarter. XTX Topco Ltd now owns 101,656 shares of the company's stock worth $418,000 after acquiring an additional 5,428 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.

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.