Sibanye Stillwater (NYSE:SBSW) Rating Lowered to "Hold" at Wall Street Zen

Wall Street Zen cut shares of Sibanye Stillwater (NYSE:SBSW - Free Report) from a buy rating to a hold rating in a report issued on Friday.

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

Sibanye Stillwater Stock Performance

Shares of SBSW traded down $0.11 during mid-day trading on Friday, reaching $6.21. The company's stock had a trading volume of 5,497,470 shares, compared to its average volume of 9,611,390. The business has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $4.15. Sibanye Stillwater has a 1-year low of $3.05 and a 1-year high of $6.39. The stock has a market cap of $4.39 billion, a P/E ratio of 11.94 and a beta of 0.59. 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 Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Sibanye Stillwater in the fourth quarter valued at about $25,000. GAMMA Investing LLC grew its position in shares of Sibanye Stillwater by 590.8% during the 1st quarter. GAMMA Investing LLC now owns 9,091 shares of the company's stock worth $42,000 after purchasing an additional 7,775 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Sibanye Stillwater by 35.8% during the first quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company's stock worth $42,000 after purchasing an additional 2,400 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Sibanye Stillwater in the fourth quarter valued at approximately $35,000. Finally, Resolute Wealth Strategies LLC acquired a new position in Sibanye Stillwater in the 1st quarter valued at $51,000. Institutional investors own 34.93% of the company's stock.

About Sibanye Stillwater

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.