Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $4.35, but opened at $4.48. Sibanye Stillwater shares last traded at $4.51, with a volume of 1,937,457 shares changing hands.
Analyst Ratings Changes
Separately, Royal Bank of Canada upgraded 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $5.05.
View Our Latest Stock Analysis on SBSW
Sibanye Stillwater Price Performance
The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average price of $3.86 and a two-hundred day moving average price of $4.01. The firm has a market cap of $3.15 billion, a P/E ratio of 8.57 and a beta of 1.59.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SBSW. HighTower Advisors LLC boosted its position in shares of Sibanye Stillwater by 6.7% during the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company's stock worth $199,000 after buying an additional 3,045 shares during the period. Point72 Asset Management L.P. acquired a new position in Sibanye Stillwater during the 3rd quarter worth approximately $2,367,000. Two Sigma Advisers LP grew its stake in shares of Sibanye Stillwater by 30.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company's stock worth $12,228,000 after acquiring an additional 699,900 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Sibanye Stillwater by 5.6% in the third quarter. XTX Topco Ltd now owns 101,656 shares of the company's stock valued at $418,000 after purchasing an additional 5,428 shares during the last quarter. Finally, O Brien Greene & Co. Inc bought a new stake in shares of Sibanye Stillwater in the third quarter worth $189,000. Institutional investors and hedge funds own 34.93% of the company's stock.
Sibanye Stillwater Company Profile
(
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.
Further Reading
Before you consider Sibanye Stillwater, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sibanye Stillwater wasn't on the list.
While Sibanye Stillwater currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
