Sibanye Stillwater (NYSE:SBSW) Shares Gap Up - Still a Buy?

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $4.61, but opened at $4.80. Sibanye Stillwater shares last traded at $4.68, with a volume of 1,148,665 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $4.70 to $5.30 in a report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $5.05.

Sibanye Stillwater Stock Up 1.6 %

The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 9.01 and a beta of 0.59. The business's fifty day moving average price is $4.16 and its 200 day moving average price is $4.03. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Institutional Investors Weigh In On Sibanye Stillwater

Institutional investors and hedge funds have recently made changes to their positions in the business. Trek Financial LLC acquired a new position in Sibanye Stillwater in the 4th quarter valued at about $2,803,000. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater in the fourth quarter valued at approximately $9,446,000. Lingotto Investment Management LLP raised its stake in shares of Sibanye Stillwater by 1.0% during 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. CenterBook Partners LP acquired a new stake in shares of Sibanye Stillwater during the fourth quarter worth $903,000. Finally, ABC Arbitrage SA acquired a new position in Sibanye Stillwater in the 4th quarter valued at $1,332,000. 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.

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