Sibanye Stillwater (NYSE:SBSW) Shares Gap Up - Should You Buy?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $4.48, but opened at $4.79. Sibanye Stillwater shares last traded at $4.91, with a volume of 4,913,219 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $4.70 to $5.30 in a research note on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.05.

Sibanye Stillwater Stock Up 1.7 %

The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The firm's fifty day simple moving average is $3.97 and its 200-day simple moving average is $4.00. The company has a market cap of $3.53 billion, a PE ratio of 9.59 and a beta of 1.08.

Hedge Funds Weigh In On Sibanye Stillwater

Several hedge funds have recently bought and sold shares of the stock. Itau Unibanco Holding S.A. purchased a new stake in Sibanye Stillwater during the 4th quarter worth about $25,000. Ameriprise Financial Inc. purchased a new stake in shares of Sibanye Stillwater during the fourth quarter worth about $35,000. Blankinship & Foster LLC acquired a new position in shares of Sibanye Stillwater in the third quarter valued at approximately $41,000. Peapack Gladstone Financial Corp purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $41,000. Finally, Rhumbline Advisers grew its stake in Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock worth $42,000 after acquiring an additional 3,120 shares during the period. Hedge funds and other institutional investors own 34.93% of the company's stock.

About Sibanye Stillwater

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.