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

Shares of Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $3.66, but opened at $3.80. Sibanye Stillwater shares last traded at $3.80, with a volume of 886,164 shares traded.

Wall Street Analyst Weigh In

SBSW has been the subject of a number of recent research reports. Investec downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, October 18th. Hsbc Global Res cut shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. Finally, HSBC lowered Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 target price on the stock. in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $4.98.

Sibanye Stillwater Trading Up 2.9 %

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's 50 day moving average is $3.77 and its 200 day moving average is $4.12.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SBSW. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Sibanye Stillwater in the fourth quarter valued at about $86,000. Stonehage Fleming Financial Services Holdings Ltd increased its position in Sibanye Stillwater by 854.3% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 54,345 shares of the company's stock valued at $179,000 after acquiring an additional 48,650 shares during the period. Atomi Financial Group Inc. purchased a new stake in Sibanye Stillwater during the 4th quarter valued at approximately $43,000. FNY Investment Advisers LLC lifted its position in Sibanye Stillwater by 1,572.2% during the 4th quarter. FNY Investment Advisers LLC now owns 20,000 shares of the company's stock worth $66,000 after acquiring an additional 18,804 shares during the period. Finally, Blankinship & Foster LLC purchased a new position in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $41,000. 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.