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 Monday . The stock had previously closed at $3.98, but opened at $4.19. Sibanye Stillwater shares last traded at $4.20, with a volume of 1,183,289 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SBSW shares. BMO Capital Markets cut their target price on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating on the stock in a report on Friday, September 13th. Investec downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday, October 18th. HSBC lowered Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price target on the stock. in a research note on Monday, November 4th. Finally, Hsbc Global Res lowered shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $4.98.

Sibanye Stillwater Price Performance

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 simple moving average is $4.35 and its 200 day simple moving average is $4.48.

Institutional Trading of Sibanye Stillwater

Several large investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV increased its holdings in shares of Sibanye Stillwater by 40.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock worth $31,000 after buying an additional 2,200 shares during the last quarter. Blue Trust Inc. lifted its position in Sibanye Stillwater by 1,931.5% during the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company's stock worth $41,000 after acquiring an additional 8,885 shares during the period. Sivia Capital Partners LLC acquired a new stake in Sibanye Stillwater in the third quarter valued at about $46,000. Signaturefd LLC increased its holdings in shares of Sibanye Stillwater by 24.9% in the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company's stock valued at $46,000 after purchasing an additional 2,241 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in shares of Sibanye Stillwater in the second quarter valued at $64,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

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.