Royal Bank of Canada Lowers Sibanye Stillwater (NYSE:SBSW) Price Target to $4.25

Sibanye Stillwater (NYSE:SBSW) had its target price dropped by analysts at Royal Bank of Canada from $6.00 to $4.25 in a report released on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 11.11% from the stock’s previous close.

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

Sibanye Stillwater Stock Down 3.4 %

Shares of SBSW opened at $3.83 on Thursday. Sibanye Stillwater has a 1 year low of $3.08 and a 1 year high of $5.93. The business’s 50 day simple moving average is $3.69 and its 200-day simple moving average is $4.04. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Institutional Trading of Sibanye Stillwater

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goehring & Rozencwajg Associates LLC bought a new position in Sibanye Stillwater in the 4th quarter valued at $9,446,000. Raymond James Financial Inc. bought a new position in Sibanye Stillwater in the 4th quarter valued at $5,814,000. Northern Trust Corp grew its position in Sibanye Stillwater by 1,673.5% in the 4th quarter. Northern Trust Corp now owns 1,014,294 shares of the company’s stock valued at $3,347,000 after acquiring an additional 957,103 shares during the last quarter. Trek Financial LLC bought a new position in shares of Sibanye Stillwater during the 4th quarter worth $2,803,000. Finally, Two Sigma Advisers LP grew its position in shares of Sibanye Stillwater by 30.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after buying an additional 699,900 shares in the last quarter. 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.