Sibanye Stillwater Limited (NYSE:SBSW – Get Rating) shares gapped down prior to trading on Thursday . The stock had previously closed at $16.13, but opened at $15.56. Sibanye Stillwater shares last traded at $15.32, with a volume of 65,979 shares trading hands.
Several research firms have commented on SBSW. BMO Capital Markets lifted their price target on Sibanye Stillwater from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, March 7th. Zacks Investment Research upgraded Sibanye Stillwater from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a report on Saturday, April 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Sibanye Stillwater from $18.50 to $21.00 and gave the stock a “buy” rating in a report on Thursday, March 10th. Royal Bank of Canada boosted their target price on Sibanye Stillwater from C$21.00 to C$24.00 in a report on Wednesday, February 23rd. Finally, Citigroup started coverage on Sibanye Stillwater in a report on Wednesday, April 6th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Sibanye Stillwater presently has a consensus rating of “Buy” and an average target price of $22.00.
The firm has a 50-day moving average of $17.22 and a 200 day moving average of $15.01. The company has a current ratio of 3.15, a quick ratio of 1.93 and a debt-to-equity ratio of 0.25.
A number of institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its position in Sibanye Stillwater by 23.1% during the 4th quarter. Quadrant Capital Group LLC now owns 4,875 shares of the company’s stock worth $61,000 after acquiring an additional 915 shares in the last quarter. Assetmark Inc. lifted its position in Sibanye Stillwater by 4.1% during the 3rd quarter. Assetmark Inc. now owns 26,134 shares of the company’s stock worth $322,000 after acquiring an additional 1,028 shares in the last quarter. Veriti Management LLC lifted its position in Sibanye Stillwater by 7.4% during the 4th quarter. Veriti Management LLC now owns 16,744 shares of the company’s stock worth $210,000 after acquiring an additional 1,159 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Sibanye Stillwater by 109.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,156 shares of the company’s stock worth $38,000 after acquiring an additional 1,646 shares in the last quarter. Finally, Credit Agricole S A lifted its position in Sibanye Stillwater by 36.7% during the 4th quarter. Credit Agricole S A now owns 8,200 shares of the company’s stock worth $103,000 after acquiring an additional 2,200 shares in the last quarter. 6.27% of the stock is currently owned by hedge funds and other institutional investors.
Sibanye Stillwater Company Profile (NYSE:SBSW)
Sibanye Stillwater Limited operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.
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