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

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped down prior to trading 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 trading hands.

SBSW has been the topic of several other research reports. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target for the company. in a research note on Monday, November 4th. Finally, Hsbc Global Res cut Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Sibanye Stillwater has an average rating of “Hold” and a consensus target price of $4.79.

Hedge Funds Weigh In On Sibanye Stillwater

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farringdon Capital Ltd. bought a new stake in shares of Sibanye Stillwater during the 4th quarter worth approximately $96,000. Evergreen Capital Management LLC acquired a new position in Sibanye Stillwater during the fourth quarter valued at approximately $525,000. United Capital Financial Advisors LLC raised its position in Sibanye Stillwater by 32.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company’s stock valued at $65,000 after purchasing an additional 4,768 shares in the last quarter. Mariner LLC lifted its stake in Sibanye Stillwater by 101.2% during the fourth quarter. Mariner LLC now owns 55,875 shares of the company’s stock worth $184,000 after purchasing an additional 28,102 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of Sibanye Stillwater in the 4th quarter valued at $903,000. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Stillwater Stock Performance

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 company has a 50 day moving average price of $3.69 and a 200-day moving average price of $4.04.

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.