Sibanye Stillwater (NYSE:SBSW) Shares Gap Up to $4.29

Sibanye Stillwater Limited (NYSE:SBSW) gapped up prior to trading on Friday . The stock had previously closed at $4.29, but opened at $4.43. Sibanye Stillwater shares last traded at $4.45, with a volume of 593,720 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut Sibanye Stillwater from a “buy” rating to a “sell” rating in a research note on Wednesday, March 13th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.00.

Sibanye Stillwater Stock Performance

The stock has a fifty day moving average of $4.86 and a 200-day moving average of $4.84. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors have recently added to or reduced their stakes in SBSW. Lingotto Investment Management LLP increased its stake in Sibanye Stillwater by 28.5% in the 4th quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company’s stock valued at $119,283,000 after purchasing an additional 4,865,997 shares in the last quarter. AQR Capital Management LLC increased its stake in Sibanye Stillwater by 32.9% in the 3rd quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company’s stock valued at $31,045,000 after purchasing an additional 1,244,715 shares in the last quarter. Raymond James & Associates increased its stake in Sibanye Stillwater by 1.4% in the 4th quarter. Raymond James & Associates now owns 1,970,811 shares of the company’s stock valued at $10,702,000 after purchasing an additional 27,261 shares in the last quarter. Monaco Asset Management SAM increased its stake in Sibanye Stillwater by 167.0% in the 4th quarter. Monaco Asset Management SAM now owns 959,358 shares of the company’s stock valued at $5,209,000 after purchasing an additional 600,000 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Sibanye Stillwater by 9.6% in the 3rd quarter. American Century Companies Inc. now owns 870,354 shares of the company’s stock valued at $5,370,000 after purchasing an additional 76,114 shares in the last quarter. Hedge funds and other 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.