Sibanye Stillwater (NYSE:SBSW) Shares Gap Up - Still a Buy?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $3.55, but opened at $3.63. Sibanye Stillwater shares last traded at $3.68, with a volume of 779,168 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Investec cut shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday, October 18th. HSBC lowered shares of 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. Hsbc Global Res downgraded shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 4th. Finally, BMO Capital Markets reduced their price objective on 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $4.98.

Sibanye Stillwater Stock Up 1.7 %

The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The company has a market cap of $2.55 billion, a PE ratio of 5.82 and a beta of 1.55. The business's 50 day moving average is $4.26 and its 200-day moving average is $4.30.

Institutional Trading of Sibanye Stillwater

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blankinship & Foster LLC purchased a new position in Sibanye Stillwater in the third quarter valued at approximately $41,000. Pine Valley Investments Ltd Liability Co increased its position in shares of Sibanye Stillwater by 83.4% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 27,136 shares of the company's stock worth $112,000 after purchasing an additional 12,336 shares in the last quarter. Barclays PLC purchased a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at about $329,000. O Brien Greene & Co. Inc purchased a new stake in Sibanye Stillwater in the third quarter valued at approximately $189,000. Finally, XTX Topco Ltd grew its position in shares of Sibanye Stillwater by 5.6% during the third quarter. XTX Topco Ltd now owns 101,656 shares of the company's stock worth $418,000 after acquiring an additional 5,428 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.