Sibanye Stillwater (NYSE:SBSW) Shares Gap Down to $5.66

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $5.66, but opened at $5.51. Sibanye Stillwater shares last traded at $5.47, with a volume of 978,473 shares traded.

Analyst Ratings Changes

Several analysts have recently issued reports on SBSW shares. Royal Bank of Canada reduced their price objective on Sibanye Stillwater from $6.00 to $5.00 and set a "sector perform" rating on the stock in a research note on Friday, March 1st. Jefferies Financial Group lowered Sibanye Stillwater from a "buy" rating to a "sell" rating in a report on Wednesday, March 13th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $6.00.

Sibanye Stillwater Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.70 and a debt-to-equity ratio of 0.49. The company's 50 day simple moving average is $4.97 and its 200 day simple moving average is $4.85.

Hedge Funds Weigh In On Sibanye Stillwater

A number of institutional investors have recently added to or reduced their stakes in the company. Lingotto Investment Management LLP lifted its holdings in Sibanye Stillwater by 28.5% in the 4th 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 in the last quarter. AQR Capital Management LLC lifted its holdings in Sibanye Stillwater by 32.9% in the 3rd quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company's stock worth $31,045,000 after buying an additional 1,244,715 shares in the last quarter. Invesco Ltd. raised its stake in shares of Sibanye Stillwater by 14.8% in the 3rd quarter. Invesco Ltd. now owns 4,240,509 shares of the company's stock valued at $26,164,000 after purchasing an additional 547,117 shares in the last quarter. Raymond James & Associates raised its stake in shares of Sibanye Stillwater by 1.4% in the 4th quarter. Raymond James & Associates now owns 1,970,811 shares of the company's stock valued at $10,702,000 after purchasing an additional 27,261 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its position in shares of Sibanye Stillwater by 0.8% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,249,000 shares of the company's stock valued at $7,706,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.

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.