Sibanye Stillwater (NYSE:SBSW) Shares Gap Up - Time to Buy?

Shares of Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) gapped up prior to trading 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.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their price objective on shares of Sibanye Stillwater from $6.00 to $4.25 and set a "sector perform" rating for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, Sibanye Stillwater currently has a consensus rating of "Hold" and a consensus price target of $4.79.

Sibanye Stillwater Trading Up 3.6 %

The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The firm's 50-day simple moving average is $3.61 and its 200 day simple moving average is $3.97. The stock has a market capitalization of $2.74 billion, a P/E ratio of 7.45 and a beta of 1.59.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC raised its position in Sibanye Stillwater by 6.7% in the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company's stock worth $199,000 after acquiring an additional 3,045 shares in the last quarter. Aire Advisors LLC raised its holdings in Sibanye Stillwater by 5.3% during the 4th quarter. Aire Advisors LLC now owns 61,060 shares of the company's stock worth $201,000 after buying an additional 3,060 shares during the period. Rhumbline Advisers raised 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 buying an additional 3,120 shares during the period. Banco Santander S.A. raised its holdings in Sibanye Stillwater by 16.9% during the 4th quarter. Banco Santander S.A. now owns 29,974 shares of the company's stock worth $99,000 after buying an additional 4,344 shares during the period. Finally, United Capital Financial Advisors LLC raised its holdings in Sibanye Stillwater by 32.1% during the 4th quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company's stock worth $65,000 after buying an additional 4,768 shares during the period. 34.93% of the stock is currently owned by institutional investors.

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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.