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

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $3.23, but opened at $3.32. Sibanye Stillwater shares last traded at $3.24, with a volume of 918,841 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.79.

Sibanye Stillwater Trading Up 3.6 %

The stock's fifty day moving average price is $3.61 and its 200 day moving average price is $3.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The stock has a market capitalization of $2.74 billion, a P/E ratio of 7.45 and a beta of 1.59.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new position in shares of Sibanye Stillwater in the fourth quarter worth about $25,000. Blankinship & Foster LLC bought a new position in shares of Sibanye Stillwater in the third quarter worth about $41,000. Ameriprise Financial Inc. bought a new position in shares of Sibanye Stillwater in the fourth quarter worth about $35,000. Peapack Gladstone Financial Corp bought a new position in shares of Sibanye Stillwater in the fourth quarter worth about $41,000. Finally, Rhumbline Advisers grew its holdings in Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock worth $42,000 after acquiring an additional 3,120 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors.

Remove Ads

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.