Sibanye Stillwater (NYSE:SBSW) Shares Gap Down - What's Next?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) shares 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 traded.

Analyst Ratings Changes

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

Sibanye Stillwater Stock Performance

The company's 50 day simple moving average is $5.26 and its 200 day simple moving average is $4.31. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The stock has a market cap of $4.94 billion, a PE ratio of 13.41 and a beta of 0.72.

Institutional Trading of Sibanye Stillwater

Institutional investors and hedge funds have recently modified their holdings of the business. Lingotto Investment Management LLP boosted its position 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 purchasing an additional 286,195 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Sibanye Stillwater by 28.2% in 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. grew its position in Sibanye Stillwater by 0.6% during the fourth quarter. Invesco Ltd. now owns 4,582,354 shares of the company's stock valued at $15,122,000 after buying an additional 26,400 shares during the period. Goldman Sachs Group Inc. grew its position in Sibanye Stillwater by 196.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,576,255 shares of the company's stock valued at $16,379,000 after buying an additional 2,370,443 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in Sibanye Stillwater by 13.4% during the fourth 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 owned by hedge funds and other institutional investors.

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.