Sibanye Stillwater Limited (NYSE:SBSW) Receives Average Rating of "Hold" from Brokerages

Shares of Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) have been assigned an average recommendation of "Hold" from the six research firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on 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 objective for the company from $4.70 to $5.30 in a research note on Tuesday, March 18th.

Sibanye Stillwater Stock Down 0.1%

Shares of SBSW traded down $0.01 during mid-day trading on Friday, reaching $6.15. 5,000,124 shares of the stock traded hands, compared to its average volume of 9,520,247. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 11.88 and a beta of 0.59. The stock has a fifty day simple moving average of $4.68 and a 200 day simple moving average of $4.10. Sibanye Stillwater has a 12-month low of $3.05 and a 12-month high of $6.27. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Institutional Trading of Sibanye Stillwater

A number of hedge funds have recently made changes to their positions in SBSW. Strs Ohio bought a new stake in shares of Sibanye Stillwater in the first quarter worth $343,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sibanye Stillwater in the first quarter worth $55,000. Goldman Sachs Group Inc. increased its stake in shares of Sibanye Stillwater by 196.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company's stock worth $16,379,000 after buying an additional 2,370,443 shares during the last quarter. Millennium Management LLC increased its stake in shares of Sibanye Stillwater by 363.7% in the first quarter. Millennium Management LLC now owns 3,171,659 shares of the company's stock worth $14,526,000 after buying an additional 2,487,648 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Sibanye Stillwater by 113.9% in the first quarter. AQR Capital Management LLC now owns 39,909 shares of the company's stock worth $183,000 after buying an additional 21,248 shares during the last quarter. Hedge funds and other institutional investors 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.