Shares of Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $6.03, but opened at $6.52. Sibanye Stillwater shares last traded at $6.62, with a volume of 6,929,632 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Royal Bank of Canada upgraded Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and raised their target price for the company 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 company. According to data from MarketBeat, Sibanye Stillwater presently has a consensus rating of "Hold" and a consensus price target of $5.05.
Check Out Our Latest Stock Analysis on SBSW
Sibanye Stillwater Stock Performance
The stock has a market cap of $4.78 billion, a P/E ratio of 13.03 and a beta of 0.72. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $4.90 and a two-hundred day moving average price of $4.19.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Trek Financial LLC bought a new position in Sibanye Stillwater in the fourth quarter worth approximately $2,803,000. Goehring & Rozencwajg Associates LLC bought a new position in Sibanye Stillwater in the fourth quarter worth approximately $9,446,000. Lingotto Investment Management LLP boosted its position in Sibanye Stillwater by 1.0% during the 4th quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company's stock valued at $91,733,000 after acquiring an additional 286,195 shares in the last quarter. CenterBook Partners LP bought a new stake in Sibanye Stillwater during the 4th quarter valued at $903,000. Finally, ABC Arbitrage SA bought a new stake in Sibanye Stillwater during the 4th quarter valued at $1,332,000. Institutional investors own 34.93% of the company's stock.
Sibanye Stillwater Company Profile
(
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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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