Sibanye Stillwater Limited (NYSE:SBSW) Receives Consensus Recommendation of "Hold" from Analysts

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) has been given an average recommendation of "Hold" by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.05.

Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $4.70 to $5.30 in a research note on Tuesday, March 18th.

Sibanye Stillwater Stock Up 1.6%

Shares of NYSE SBSW traded up $0.10 during midday trading on Friday, reaching $6.17. The company's stock had a trading volume of 8,503,173 shares, compared to its average volume of 7,370,636. The stock has a 50 day simple moving average of $4.65 and a 200-day simple moving average of $4.09. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 11.85 and a beta of 0.59. Sibanye Stillwater has a fifty-two week low of $3.05 and a fifty-two week high of $6.20.

Hedge Funds Weigh In On Sibanye Stillwater

Hedge funds and other institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in Sibanye Stillwater in the fourth quarter valued at $25,000. Ameriprise Financial Inc. bought a new stake in shares of Sibanye Stillwater in the 4th quarter valued at about $35,000. Peapack Gladstone Financial Corp acquired a new stake in Sibanye Stillwater in the 4th quarter valued at about $41,000. Rhumbline Advisers lifted its stake in Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after purchasing an additional 3,120 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Sibanye Stillwater by 590.8% during the first quarter. GAMMA Investing LLC now owns 9,091 shares of the company's stock worth $42,000 after buying an additional 7,775 shares during the last quarter. 34.93% of the stock is owned by institutional investors.

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.