Sibanye Stillwater (NYSE:SBSW) Hits New 12-Month High - Still a Buy?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.97 and last traded at $5.72, with a volume of 4514691 shares trading hands. The stock had previously closed at $5.54.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $4.70 to $5.30 in a research report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Sibanye Stillwater currently has a consensus rating of "Hold" and a consensus target price of $5.05.

Sibanye Stillwater Stock Performance

The stock has a market cap of $4.34 billion, a P/E ratio of 11.81 and a beta of 0.59. The business has a 50 day moving average price of $4.58 and a 200 day moving average price of $4.07. 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

Large investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in Sibanye Stillwater in the fourth quarter worth approximately $25,000. Ameriprise Financial Inc. bought a new position in Sibanye Stillwater in the fourth quarter worth about $35,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Sibanye Stillwater during the fourth quarter valued at about $41,000. Rhumbline Advisers boosted its holdings in shares of 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 buying an additional 3,120 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Sibanye Stillwater by 590.8% in the first quarter. GAMMA Investing LLC now owns 9,091 shares of the company's stock worth $42,000 after purchasing an additional 7,775 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company's stock.

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.