Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $5.20, but opened at $5.43. Sibanye Stillwater shares last traded at $5.42, with a volume of 4,683,579 shares trading hands.
Analyst Ratings Changes
A number of brokerages have recently commented on SBSW. Jefferies Financial Group lowered shares of Sibanye Stillwater from a "buy" rating to a "sell" rating in a research note on Wednesday, March 13th. Royal Bank of Canada decreased their target price on shares of Sibanye Stillwater from $6.00 to $5.00 and set a "sector perform" rating for the company in a research note on Friday, March 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $6.00.
Get Our Latest Report on SBSW
Sibanye Stillwater Stock Performance
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 company's 50 day moving average price is $4.62 and its two-hundred day moving average price is $4.92.
Institutional Trading of Sibanye Stillwater
Several hedge funds have recently bought and sold shares of SBSW. Acadian Asset Management LLC bought a new stake in shares of Sibanye Stillwater during the 1st quarter valued at $45,000. Samalin Investment Counsel LLC raised its holdings in Sibanye Stillwater by 146.0% during the first quarter. Samalin Investment Counsel LLC now owns 3,075 shares of the company's stock valued at $50,000 after acquiring an additional 1,825 shares during the period. Natixis purchased a new position in shares of Sibanye Stillwater in the fourth quarter valued at about $37,000. Money Concepts Capital Corp bought a new position in shares of Sibanye Stillwater in the fourth quarter worth about $41,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Sibanye Stillwater by 452.8% during the first quarter. Geneos Wealth Management Inc. now owns 4,334 shares of the company's stock worth $70,000 after purchasing an additional 3,550 shares in the last quarter. Institutional investors own 34.93% of the company's stock.
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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