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

Sibanye Stillwater (NYSE:SBSW) had its price target cut by Royal Bank of Canada from $6.00 to $4.25 in a research note released on Thursday morning,Benzinga reports. They currently have a sector perform rating on the stock.

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

Sibanye Stillwater Trading Down 3.4 %

Shares of NYSE:SBSW opened at $3.83 on Thursday. Sibanye Stillwater has a fifty-two week low of $3.08 and a fifty-two week high of $5.93. The business has a 50-day moving average of $3.69 and a two-hundred day moving average of $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.

Hedge Funds Weigh In On Sibanye Stillwater

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in Sibanye Stillwater during the fourth quarter valued at about $25,000. Creative Financial Designs Inc. ADV increased its stake in Sibanye Stillwater by 40.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after acquiring an additional 2,200 shares during the period. Blue Trust Inc. increased its stake in Sibanye Stillwater by 1,931.5% during the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after acquiring an additional 8,885 shares during the period. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $41,000. Finally, Signaturefd LLC grew its stake in shares of Sibanye Stillwater by 24.9% in the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after purchasing an additional 2,241 shares during the period. 34.93% of the stock is currently owned by institutional investors.

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.