Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.09, but opened at $4.30. Sibanye Stillwater shares last traded at $4.26, with a volume of 2,530,560 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada upgraded Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $4.70 to $5.30 in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $5.05.
View Our Latest Stock Analysis on SBSW
Sibanye Stillwater Price Performance
The stock's 50-day moving average price is $3.75 and its 200 day moving average price is $3.97. 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 has a market capitalization of $3.09 billion, a price-to-earnings ratio of 8.39 and a beta of 1.59.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SBSW. Goehring & Rozencwajg Associates LLC acquired a new stake in shares of Sibanye Stillwater in the fourth quarter valued at approximately $9,446,000. Raymond James Financial Inc. purchased a new stake in Sibanye Stillwater in the 4th quarter valued at $5,814,000. D. E. Shaw & Co. Inc. increased its stake in shares of Sibanye Stillwater by 28.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company's stock worth $21,588,000 after acquiring an additional 1,439,882 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Sibanye Stillwater by 1,673.5% during the 4th quarter. Northern Trust Corp now owns 1,014,294 shares of the company's stock worth $3,347,000 after acquiring an additional 957,103 shares during the period. Finally, Trek Financial LLC acquired a new position in shares of Sibanye Stillwater during the 4th quarter valued at about $2,803,000. 34.93% of the stock is owned by hedge funds and other institutional investors.
Sibanye Stillwater Company Profile
(
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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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