Sibanye Stillwater Limited (NYSE:SBSW) Receives Consensus Rating of “Reduce” from Analysts

Shares of Sibanye Stillwater Limited (NYSE:SBSW) have been given a consensus rating of “Reduce” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $4.79.

SBSW has been the subject of several research analyst reports. Hsbc Global Res cut Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research report on Monday, November 4th. Finally, Royal Bank of Canada lowered their target price on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research note on Thursday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV raised its stake in Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after buying an additional 2,200 shares in the last quarter. Signaturefd LLC raised its stake in Sibanye Stillwater by 24.9% in the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after buying an additional 2,241 shares in the last quarter. HighTower Advisors LLC raised its stake in Sibanye Stillwater by 6.7% in the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock valued at $199,000 after buying an additional 3,045 shares in the last quarter. Aire Advisors LLC increased its position in shares of Sibanye Stillwater by 5.3% during the fourth quarter. Aire Advisors LLC now owns 61,060 shares of the company’s stock worth $201,000 after purchasing an additional 3,060 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after purchasing an additional 3,120 shares in the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Sibanye Stillwater Stock Performance

SBSW stock traded down $0.05 during midday trading on Thursday, hitting $3.94. The company had a trading volume of 6,315,227 shares, compared to its average volume of 6,506,833. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The stock’s 50 day moving average price is $3.69 and its 200 day moving average price is $4.05. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93.

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.