Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $7.18, but opened at $6.85. Sibanye Stillwater shares last traded at $6.87, with a volume of 3,863,573 shares.
Analyst Ratings Changes
A number of analysts have commented on the company. Wall Street Zen lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a report on Friday, May 30th. 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 note on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.05.
Check Out Our Latest Report on SBSW
Sibanye Stillwater Trading Down 3.4%
The stock has a market capitalization of $4.91 billion, a PE ratio of 13.34 and a beta of 0.72. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average price of $5.26 and a 200-day moving average price of $4.30.
Hedge Funds Weigh In On Sibanye Stillwater
A number of institutional investors and hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new position in Sibanye Stillwater during the fourth quarter valued at $25,000. Ameriprise Financial Inc. purchased a new position in Sibanye Stillwater during the fourth quarter valued at $35,000. Peapack Gladstone Financial Corp purchased a new position in Sibanye Stillwater during the fourth quarter valued at $41,000. Rhumbline Advisers lifted its position in Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock valued at $42,000 after purchasing an additional 3,120 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Sibanye Stillwater by 590.8% during the first quarter. GAMMA Investing LLC now owns 9,091 shares of the company's stock valued at $42,000 after purchasing an additional 7,775 shares in the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.
About Sibanye Stillwater
(
Get Free Report)
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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