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

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) 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 changing hands.

Analyst Ratings Changes

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

Sibanye Stillwater Trading Up 3.6 %

The stock has a fifty day moving average of $3.61 and a 200-day moving average of $3.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The company has a market cap of $2.74 billion, a PE ratio of 7.45 and a beta of 1.59.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SBSW. International Assets Investment Management LLC acquired a new position in Sibanye Stillwater during the 3rd quarter valued at about $99,000. Sigma Planning Corp increased its position in Sibanye Stillwater by 10.8% during the 3rd quarter. Sigma Planning Corp now owns 93,516 shares of the company's stock valued at $384,000 after buying an additional 9,100 shares in the last quarter. BCGM Wealth Management LLC increased its position in Sibanye Stillwater by 60.3% during the 3rd quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company's stock valued at $2,549,000 after buying an additional 233,217 shares in the last quarter. Anthracite Investment Company Inc. increased its position in Sibanye Stillwater by 114.3% during the 3rd quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company's stock valued at $2,788,000 after buying an additional 361,685 shares in the last quarter. Finally, Bridgewater Associates LP increased its position in Sibanye Stillwater by 10.9% during the 3rd quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company's stock valued at $13,467,000 after buying an additional 321,037 shares in the last quarter. 34.93% of the stock is owned by institutional investors.

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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.