Sibanye Stillwater (NYSE:SBSW) Shares Gap Down Following Analyst Downgrade

Shares of Sibanye Stillwater Limited (NYSE:SBSW) gapped down before the market opened on Thursday after Royal Bank of Canada lowered their price target on the stock from $6.00 to $4.25. The stock had previously closed at $3.98, but opened at $3.80. Royal Bank of Canada currently has a sector perform rating on the stock. Sibanye Stillwater shares last traded at $3.76, with a volume of 2,074,519 shares traded.

Several other equities analysts have also commented on SBSW. HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target on the stock. in a research note on Monday, November 4th. Hsbc Global Res downgraded shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $4.79.

Hedge Funds Weigh In On Sibanye Stillwater

Hedge funds have recently modified their holdings of the business. Creative Financial Designs Inc. ADV raised its position in Sibanye Stillwater by 40.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after purchasing an additional 2,200 shares during the last quarter. Blue Trust Inc. increased its stake in Sibanye Stillwater by 1,931.5% in the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after purchasing an additional 8,885 shares during the period. Blankinship & Foster LLC purchased a new stake in shares of Sibanye Stillwater in the third quarter valued at about $41,000. Signaturefd LLC grew its holdings in shares of Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after buying an additional 2,241 shares during the last quarter. Finally, Peapack Gladstone Financial Corp purchased a new stake in Sibanye Stillwater during the 4th quarter valued at approximately $41,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Sibanye Stillwater Trading Down 2.1 %

The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $3.69 and a two-hundred day simple moving average of $4.05.

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.