Sibanye Stillwater (NYSE:SBSW) Trading Down 6.3%

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s share price was down 6.3% during mid-day trading on Tuesday . The company traded as low as $4.71 and last traded at $4.75. Approximately 2,074,700 shares traded hands during trading, a decline of 65% from the average daily volume of 5,930,939 shares. The stock had previously closed at $5.07.

Analysts Set New Price Targets

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

Sibanye Stillwater Trading Down 8.3 %

The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The business's fifty day moving average is $4.73 and its 200 day moving average is $4.89.

Institutional Trading of Sibanye Stillwater

Several large investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA raised its stake in shares of Sibanye Stillwater by 40.0% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 7,000 shares of the company's stock worth $43,000 after buying an additional 2,000 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Sibanye Stillwater by 9.6% during the 3rd quarter. Avantax Advisory Services Inc. now owns 24,243 shares of the company's stock valued at $150,000 after acquiring an additional 2,124 shares in the last quarter. GAMMA Investing LLC raised its position in Sibanye Stillwater by 62.6% during the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company's stock worth $42,000 after acquiring an additional 3,401 shares during the last quarter. Rathbones Group PLC lifted its holdings in shares of Sibanye Stillwater by 11.7% in the fourth quarter. Rathbones Group PLC now owns 32,537 shares of the company's stock valued at $177,000 after purchasing an additional 3,420 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Sibanye Stillwater by 36.9% in the fourth quarter. Quadrant Capital Group LLC now owns 16,701 shares of the company's stock valued at $91,000 after purchasing an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.

About Sibanye Stillwater

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.