Sibanye Stillwater (NYSE:SBSW) Trading 5.4% Higher - Should You Buy?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price shot up 5.4% on Monday . The stock traded as high as $3.99 and last traded at $4.02. 5,310,026 shares were traded during trading, a decline of 12% from the average session volume of 6,038,977 shares. The stock had previously closed at $3.81.

Wall Street Analysts Forecast Growth

SBSW has been the subject of a number of analyst reports. Investec lowered shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, October 18th. HSBC downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 price target on the stock. in a report on Monday, November 4th. Finally, Hsbc Global Res lowered shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Sibanye Stillwater has an average rating of "Hold" and a consensus price target of $4.98.

Sibanye Stillwater Stock Performance

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's fifty day moving average is $3.70 and its two-hundred day moving average is $4.06.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV raised its stake in Sibanye Stillwater by 40.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock valued at $31,000 after purchasing an additional 2,200 shares during the last quarter. Signaturefd LLC lifted its holdings in Sibanye Stillwater by 24.9% in the third quarter. Signaturefd LLC now owns 11,236 shares of the company's stock valued at $46,000 after acquiring an additional 2,241 shares during the last quarter. Fermata Advisors LLC grew its position in Sibanye Stillwater by 13.2% in the third quarter. Fermata Advisors LLC now owns 22,968 shares of the company's stock worth $94,000 after acquiring an additional 2,674 shares during the period. HighTower Advisors LLC raised its position in Sibanye Stillwater by 6.7% in the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company's stock valued at $199,000 after purchasing an additional 3,045 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after purchasing an additional 3,120 shares during the last quarter. 34.93% of the stock is owned by hedge funds and other institutional investors.

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.