Sibanye Stillwater (NYSE:SBSW) Sees Strong Trading Volume

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) saw an uptick in trading volume on Tuesday . 2,554,520 shares changed hands during trading, a decline of 54% from the previous session's volume of 5,607,732 shares.The stock last traded at $5.78 and had previously closed at $5.51.

Analyst Ratings Changes

A number of equities research analysts have commented on SBSW shares. Jefferies Financial Group cut Sibanye Stillwater from a "buy" rating to a "sell" rating in a research note on Wednesday, March 13th. Royal Bank of Canada decreased their price target on 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 investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $6.00.

Sibanye Stillwater Trading Up 3.1 %

The business has a fifty day moving average price of $4.54 and a two-hundred day moving average price of $4.96. The company has a quick ratio of 0.97, a current ratio of 1.70 and a debt-to-equity ratio of 0.49.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SBSW. Lingotto Investment Management LLP increased its holdings in shares of Sibanye Stillwater by 28.5% in the fourth quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company's stock valued at $119,283,000 after purchasing an additional 4,865,997 shares during the period. Morgan Stanley increased its holdings in shares of Sibanye Stillwater by 163.2% in the third quarter. Morgan Stanley now owns 3,519,048 shares of the company's stock valued at $21,713,000 after purchasing an additional 2,181,973 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Sibanye Stillwater by 71.8% in the second quarter. Goldman Sachs Group Inc. now owns 3,977,726 shares of the company's stock valued at $39,658,000 after purchasing an additional 1,662,361 shares during the period. AQR Capital Management LLC increased its holdings in shares of Sibanye Stillwater by 32.9% in the third quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company's stock valued at $31,045,000 after purchasing an additional 1,244,715 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Sibanye Stillwater by 71.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,084,142 shares of the company's stock valued at $33,826,000 after purchasing an additional 866,039 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

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.