Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $3.22, but opened at $3.46. Sibanye Stillwater shares last traded at $3.46, with a volume of 4,029,444 shares traded.
Analyst Ratings Changes
Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $4.70 to $5.30 in a report on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Sibanye Stillwater currently has an average rating of "Hold" and an average target price of $5.05.
Read Our Latest Stock Analysis on Sibanye Stillwater
Sibanye Stillwater Stock Up 0.5 %
The business's 50 day simple moving average is $3.89 and its 200 day simple moving average is $3.98. The company has a market capitalization of $3.11 billion, a PE ratio of 8.46 and a beta of 1.08. 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 Investors Weigh In On Sibanye Stillwater
Several hedge funds have recently made changes to their positions in SBSW. Itau Unibanco Holding S.A. purchased a new stake in shares of Sibanye Stillwater in the fourth quarter valued at $25,000. Ameriprise Financial Inc. purchased a new stake in Sibanye Stillwater in the 4th quarter worth about $35,000. Blankinship & Foster LLC acquired a new stake in Sibanye Stillwater during the 3rd quarter worth about $41,000. Peapack Gladstone Financial Corp acquired a new stake in Sibanye Stillwater during the 4th quarter worth about $41,000. Finally, Rhumbline Advisers grew its stake in Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after acquiring an additional 3,120 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company's stock.
About Sibanye Stillwater
(
Get Free Report)
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.
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