Sibanye Stillwater (NYSE:SBSW) Trading 5.5% Higher - Here's What Happened

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s share price traded up 5.5% on Monday . The stock traded as high as $3.38 and last traded at $3.37. 1,676,708 shares were traded during trading, a decline of 76% from the average session volume of 7,075,651 shares. The stock had previously closed at $3.19.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $4.79.

Sibanye Stillwater Trading Up 4.6 %

The firm has a market capitalization of $2.64 billion, a PE ratio of 7.18 and a beta of 1.59. The firm's fifty day moving average is $3.61 and its two-hundred day moving average is $3.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Institutional Trading of Sibanye Stillwater

Several hedge funds have recently added to or reduced their stakes in SBSW. International Assets Investment Management LLC bought a new stake in Sibanye Stillwater in the third quarter worth about $99,000. Creative Financial Designs Inc. ADV raised its position in Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company's stock worth $31,000 after acquiring an additional 2,200 shares during the period. Sigma Planning Corp raised its position in Sibanye Stillwater by 10.8% in the third quarter. Sigma Planning Corp now owns 93,516 shares of the company's stock worth $384,000 after acquiring an additional 9,100 shares during the period. BCGM Wealth Management LLC raised its position in Sibanye Stillwater by 60.3% in the third quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company's stock worth $2,549,000 after acquiring an additional 233,217 shares during the period. Finally, Anthracite Investment Company Inc. raised its position in Sibanye Stillwater by 114.3% in the third quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company's stock worth $2,788,000 after acquiring an additional 361,685 shares during the period. Institutional investors own 34.93% of the company's stock.

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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.