Sibanye Stillwater (NYSE:SBSW) Stock Price Down 6.1% - Here's Why

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price fell 6.1% during trading on Monday . The stock traded as low as $3.21 and last traded at $3.22. 4,565,704 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 6,025,516 shares. The stock had previously closed at $3.43.

Wall Street Analyst Weigh In

SBSW has been the topic of several research analyst reports. Investec lowered shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday, October 18th. HSBC cut 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. Hsbc Global Res cut Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, BMO Capital Markets lowered their target price on Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating on the stock in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $4.98.

Sibanye Stillwater Price Performance

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 company's fifty day moving average price is $4.21 and its 200 day moving average price is $4.26. The company has a market capitalization of $2.29 billion, a P/E ratio of 5.23 and a beta of 1.55.

Institutional Trading of Sibanye Stillwater

Several large investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV boosted its position 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 acquiring an additional 2,200 shares in the last quarter. Blue Trust Inc. lifted its stake in Sibanye Stillwater by 1,931.5% during the third quarter. Blue Trust Inc. now owns 9,345 shares of the company's stock worth $41,000 after purchasing an additional 8,885 shares during the last quarter. Blankinship & Foster LLC bought a new position in shares of Sibanye Stillwater in the 3rd quarter valued at $41,000. Sivia Capital Partners LLC acquired a new position in shares of Sibanye Stillwater during the 3rd quarter worth $46,000. Finally, Signaturefd LLC increased its stake in shares of 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 buying an additional 2,241 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

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.