Sibanye Stillwater (NYSE:SBSW) Shares Gap Down to $5.32

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $5.32, but opened at $5.20. Sibanye Stillwater shares last traded at $5.16, with a volume of 628,864 shares traded.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of Sibanye Stillwater from a "buy" rating to a "sell" rating in a report on Wednesday, March 13th. Royal Bank of Canada reduced their target price on Sibanye Stillwater from $6.00 to $5.00 and set a "sector perform" rating on the stock in a report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $6.00.

Sibanye Stillwater Trading Down 3.9 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.70. The stock's 50 day moving average is $4.67 and its 200-day moving average is $4.92.

Institutional Investors Weigh In On Sibanye Stillwater

Large investors have recently added to or reduced their stakes in the stock. Lingotto Investment Management LLP boosted its stake in Sibanye Stillwater by 28.5% during the fourth quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company's stock worth $119,283,000 after buying an additional 4,865,997 shares during the period. AQR Capital Management LLC boosted its stake in shares of Sibanye Stillwater by 32.9% during the 3rd quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company's stock worth $31,045,000 after purchasing an additional 1,244,715 shares during the period. Dimensional Fund Advisors LP grew its holdings in Sibanye Stillwater by 21.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,504,344 shares of the company's stock valued at $37,493,000 after purchasing an additional 781,346 shares during the last quarter. Invesco Ltd. lifted its stake in Sibanye Stillwater by 14.8% in the third quarter. Invesco Ltd. now owns 4,240,509 shares of the company's stock worth $26,164,000 after purchasing an additional 547,117 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Sibanye Stillwater by 71.8% during the second quarter. Goldman Sachs Group Inc. now owns 3,977,726 shares of the company's stock valued at $39,658,000 after buying an additional 1,662,361 shares during the period. 34.93% of the stock is owned by institutional investors.

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.