Analysts Set Sibanye Stillwater Limited (NYSE:SBSW) Target Price at $4.79

Shares of Sibanye Stillwater Limited (NYSE:SBSW) have been assigned an average recommendation of “Reduce” from the seven analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $4.79.

Separately, Royal Bank of Canada decreased their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a research note on Thursday, February 13th.

Hedge Funds Weigh In On Sibanye Stillwater

Large investors have recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new position in Sibanye Stillwater in the 4th quarter valued at approximately $25,000. Blankinship & Foster LLC bought a new position in shares of Sibanye Stillwater in the third quarter worth $41,000. Ameriprise Financial Inc. purchased a new position in shares of Sibanye Stillwater in the fourth quarter valued at $35,000. Peapack Gladstone Financial Corp bought a new stake in shares of Sibanye Stillwater during the 4th quarter valued at $41,000. Finally, Rhumbline Advisers lifted its holdings in Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after purchasing an additional 3,120 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Stock Performance

NYSE SBSW opened at $3.90 on Monday. The company has a market capitalization of $2.76 billion, a PE ratio of 7.49 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. Sibanye Stillwater has a 52-week low of $3.05 and a 52-week high of $5.93. The company has a 50-day simple moving average of $3.65 and a 200 day simple moving average of $3.96.

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.