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

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $7.10 and last traded at $6.89, with a volume of 6823018 shares changing hands. The stock had previously closed at $6.74.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada raised 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 report on Tuesday, March 18th. Wall Street Zen downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.05.

Sibanye Stillwater Trading Up 2.9%

The company's 50 day moving average price is $5.12 and its two-hundred day moving average price is $4.26. 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 stock has a market capitalization of $5.08 billion, a PE ratio of 13.81 and a beta of 0.72.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors have recently made changes to their positions in the stock. Lingotto Investment Management LLP lifted its stake in Sibanye Stillwater by 1.0% in the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock worth $91,733,000 after acquiring an additional 286,195 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Sibanye Stillwater by 28.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company's stock worth $21,588,000 after buying an additional 1,439,882 shares during the last quarter. Invesco Ltd. lifted its position in shares of Sibanye Stillwater by 0.6% during the 4th quarter. Invesco Ltd. now owns 4,582,354 shares of the company's stock worth $15,122,000 after buying an additional 26,400 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Sibanye Stillwater by 196.6% during the 1st 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. Finally, Two Sigma Advisers LP lifted its position in shares of Sibanye Stillwater by 13.4% during the 4th quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company's stock worth $11,138,000 after buying an additional 400,100 shares during 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.