Sibanye Stillwater (NYSE:SBSW) Given New $4.50 Price Target at BMO Capital Markets

Sibanye Stillwater (NYSE:SBSW) had its price target lowered by BMO Capital Markets from $5.00 to $4.50 in a research note released on Friday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

Separately, JPMorgan Chase & Co. decreased their price target on shares of Sibanye Stillwater from $7.00 to $6.00 and set a neutral rating for the company in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $5.17.

Sibanye Stillwater Stock Up 4.9 %

NYSE SBSW opened at $4.21 on Friday. The stock’s 50 day moving average is $4.20 and its 200 day moving average is $4.60. Sibanye Stillwater has a twelve month low of $3.08 and a twelve month high of $6.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.70.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SBSW. Bluefin Capital Management LLC increased its holdings in shares of Sibanye Stillwater by 65.3% during the second quarter. Bluefin Capital Management LLC now owns 49,600 shares of the company’s stock valued at $216,000 after acquiring an additional 19,600 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Sibanye Stillwater during the 2nd quarter valued at about $905,000. Creative Planning raised its holdings in Sibanye Stillwater by 93.3% in the second quarter. Creative Planning now owns 117,956 shares of the company’s stock worth $513,000 after buying an additional 56,943 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Sibanye Stillwater by 65.1% in the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock worth $5,809,000 after buying an additional 526,724 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Sibanye Stillwater by 14.3% during the second quarter. Squarepoint Ops LLC now owns 131,936 shares of the company’s stock valued at $574,000 after buying an additional 16,540 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.