Sibanye Stillwater (NYSE:SBSW) Sets New 52-Week High - Time to Buy?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $7.10 and last traded at $6.89, with a volume of 6823018 shares traded. The stock had previously closed at $6.74.

Analysts Set New Price Targets

Several research analysts have recently commented on SBSW shares. Royal Bank of Canada upgraded Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $4.70 to $5.30 in a research report on Tuesday, March 18th. Wall Street Zen lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $5.05.

Sibanye Stillwater Stock Performance

The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 12.97 and a beta of 0.72. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The firm has a 50 day moving average price of $5.04 and a 200-day moving average price of $4.24.

Institutional Trading of Sibanye Stillwater

Several hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new stake in shares of Sibanye Stillwater in the first quarter valued at $343,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Sibanye Stillwater in the first quarter valued at $55,000. Goldman Sachs Group Inc. raised 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 valued at $16,379,000 after acquiring an additional 2,370,443 shares in the last quarter. Millennium Management LLC raised 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 valued at $14,526,000 after acquiring an additional 2,487,648 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Sibanye Stillwater by 113.9% in the first quarter. AQR Capital Management LLC now owns 39,909 shares of the company's stock valued at $183,000 after buying an additional 21,248 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.