Sibanye Stillwater (NYSE:SBSW) Shares Gap Up - Should You Buy?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $4.53, but opened at $5.03. Sibanye Stillwater shares last traded at $5.13, with a volume of 2,321,891 shares.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets dropped their price objective on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating on the stock in a research note on Friday, September 13th. 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. Finally, Investec lowered shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $4.98.

Sibanye Stillwater Price Performance

The company's fifty day moving average price is $4.24 and its 200 day moving average price is $4.51. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Institutional Trading of Sibanye Stillwater

A number of large investors have recently added to or reduced their stakes in the stock. Lingotto Investment Management LLP increased its holdings in Sibanye Stillwater by 1.9% during the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company's stock worth $99,186,000 after buying an additional 416,399 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Sibanye Stillwater by 3,256.8% in the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company's stock worth $23,121,000 after purchasing an additional 5,156,931 shares in the last quarter. Raymond James & Associates increased its stake in shares of Sibanye Stillwater by 8.5% in the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company's stock worth $6,891,000 after purchasing an additional 131,990 shares in the last quarter. Millennium Management LLC increased its stake in shares of Sibanye Stillwater by 65.1% in the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company's stock worth $5,809,000 after purchasing an additional 526,724 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Sibanye Stillwater by 8.7% in the second quarter. American Century Companies Inc. now owns 1,123,276 shares of the company's stock worth $4,886,000 after purchasing an additional 90,063 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company's stock.

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.