Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – Should You Buy?

Sibanye Stillwater Limited (NYSE:SBSW) gapped up prior to trading on Friday . The stock had previously closed at $3.66, but opened at $3.80. Sibanye Stillwater shares last traded at $3.80, with a volume of 886,164 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on SBSW shares. HSBC cut Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a research note on Monday, November 4th. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Hsbc Global Res cut shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Stock Up 2.9 %

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 50 day simple moving average of $3.77 and a 200 day simple moving average of $4.11.

Institutional Trading of Sibanye Stillwater

Several hedge funds and other institutional investors have recently made changes to their positions in SBSW. Creative Financial Designs Inc. ADV lifted its position 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 purchasing an additional 2,200 shares during the period. Blue Trust Inc. raised its stake in shares of Sibanye Stillwater by 1,931.5% during the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after buying an additional 8,885 shares in the last quarter. Blankinship & Foster LLC acquired a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $41,000. Atomi Financial Group Inc. purchased a new stake in shares of Sibanye Stillwater in the fourth quarter valued at approximately $43,000. Finally, Sivia Capital Partners LLC acquired a new position in Sibanye Stillwater during the third quarter worth $46,000. 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.