Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $5.04, but opened at $4.89. Sibanye Stillwater shares last traded at $4.94, with a volume of 2,230,991 shares traded.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on SBSW. Royal Bank of Canada dropped their target price on Sibanye Stillwater from $6.00 to $5.00 and set a "sector perform" rating for the company in a research report on Friday, March 1st. Jefferies Financial Group downgraded Sibanye Stillwater from a "buy" rating to a "sell" rating in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $6.00.
Check Out Our Latest Analysis on Sibanye Stillwater
Sibanye Stillwater Stock Performance
The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97. The stock has a 50 day simple moving average of $4.84 and a 200 day simple moving average of $4.84.
Hedge Funds Weigh In On Sibanye Stillwater
Several hedge funds have recently made changes to their positions in the business. Banco Santander S.A. purchased a new position in shares of Sibanye Stillwater during the first quarter valued at approximately $116,000. Banco BTG Pactual S.A. purchased a new position in shares of Sibanye Stillwater during the first quarter valued at approximately $188,000. Headlands Technologies LLC purchased a new position in shares of Sibanye Stillwater during the first quarter valued at approximately $225,000. BCGM Wealth Management LLC grew its stake in Sibanye Stillwater by 2.3% in the first quarter. BCGM Wealth Management LLC now owns 367,388 shares of the company's stock worth $1,730,000 after purchasing an additional 8,246 shares during the period. Finally, Capital Wealth Planning LLC purchased a new stake in Sibanye Stillwater in the first quarter worth $141,000. 34.93% of the stock is owned by hedge funds and other institutional investors.
About Sibanye Stillwater
(
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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.
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