Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $5.72, but opened at $5.88. Sibanye Stillwater shares last traded at $5.94, with a volume of 2,466,096 shares traded.
Analysts Set New Price Targets
Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and increased their price target 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 company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $5.05.
View Our Latest Research Report on SBSW
Sibanye Stillwater Stock Up 2.5%
The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 11.81 and a beta of 0.59. The business's 50 day moving average price is $4.58 and its 200 day moving average price is $4.07. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.
Institutional Investors Weigh In On Sibanye Stillwater
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Lingotto Investment Management LLP grew its stake in shares of Sibanye Stillwater by 1.0% during the 4th 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 period. D. E. Shaw & Co. Inc. lifted its position in shares of Sibanye Stillwater by 28.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company's stock valued at $21,588,000 after buying an additional 1,439,882 shares in the last quarter. Invesco Ltd. lifted its position in shares of Sibanye Stillwater by 0.6% during the 4th 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Sibanye Stillwater by 196.6% during the 1st 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 in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Sibanye Stillwater by 13.4% during the 4th quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company's stock valued at $11,138,000 after buying an additional 400,100 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.
Sibanye Stillwater Company Profile
(
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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