Sibanye Stillwater (NYSE:SBSW) Shares Gap Down – Here’s Why

Sibanye Stillwater Limited (NYSE:SBSW) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.72, but opened at $4.46. Sibanye Stillwater shares last traded at $4.47, with a volume of 1,212,276 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. decreased their price target on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Finally, BMO Capital Markets decreased their price target on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Sibanye Stillwater currently has an average rating of “Hold” and a consensus target price of $5.17.

Sibanye Stillwater Stock Performance

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 company has a market cap of $3.06 billion, a price-to-earnings ratio of 6.15 and a beta of 1.65. The company has a fifty day moving average of $4.14 and a two-hundred day moving average of $4.55.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds have recently modified their holdings of SBSW. GAMMA Investing LLC lifted its holdings in Sibanye Stillwater by 62.6% during the 1st quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock worth $42,000 after buying an additional 3,401 shares during the period. DGS Capital Management LLC acquired a new position in Sibanye Stillwater during the 1st quarter worth about $200,000. Vanguard Capital Wealth Advisors acquired a new position in Sibanye Stillwater during the 1st quarter worth about $50,000. Private Advisor Group LLC lifted its holdings in Sibanye Stillwater by 54.0% during the 1st quarter. Private Advisor Group LLC now owns 83,699 shares of the company’s stock worth $394,000 after buying an additional 29,347 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new position in Sibanye Stillwater during the 1st quarter worth about $173,000. Institutional investors and hedge funds 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.