Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $6.40 and last traded at $6.28, with a volume of 5382622 shares traded. The stock had previously closed at $6.09.
Wall Street Analyst Weigh In
SBSW has been the topic of several recent research reports. Wall Street Zen lowered shares of Sibanye Stillwater from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Royal Bank of Canada raised shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $4.70 to $5.30 in a research note on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $5.05.
Get Our Latest Research Report on Sibanye Stillwater
Sibanye Stillwater Stock Up 3.7%
The firm has a market cap of $4.77 billion, a P/E ratio of 12.96 and a beta of 0.72. The firm's 50 day moving average is $4.90 and its two-hundred day moving average is $4.19. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.
Hedge Funds Weigh In On Sibanye Stillwater
Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new stake in Sibanye Stillwater during the 1st quarter worth $343,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Sibanye Stillwater in the first quarter worth about $55,000. Goldman Sachs Group Inc. raised its position in shares of Sibanye Stillwater by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company's stock worth $16,379,000 after purchasing an additional 2,370,443 shares during the period. Millennium Management LLC lifted its holdings in shares of Sibanye Stillwater by 363.7% during the 1st quarter. Millennium Management LLC now owns 3,171,659 shares of the company's stock valued at $14,526,000 after purchasing an additional 2,487,648 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Sibanye Stillwater by 113.9% during the 1st quarter. AQR Capital Management LLC now owns 39,909 shares of the company's stock valued at $183,000 after purchasing an additional 21,248 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.
About Sibanye Stillwater
(
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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.
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