Sibanye Stillwater (NYSE:SBSW) Downgraded to “Hold” Rating by Hsbc Global Res

Hsbc Global Res downgraded shares of Sibanye Stillwater (NYSE:SBSW) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective on the stock. in a research note on Monday. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, BMO Capital Markets lowered their target price on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a report on Friday, September 13th. 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, the stock has a consensus rating of “Hold” and a consensus target price of $4.98.

Sibanye Stillwater Stock Up 3.6 %

Shares of NYSE:SBSW opened at $4.84 on Monday. Sibanye Stillwater has a 1 year low of $3.08 and a 1 year high of $5.93. The business’s 50-day moving average is $4.26 and its 200-day moving average is $4.51. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Institutional Trading of Sibanye Stillwater

Hedge funds have recently made changes to their positions in the company. Lingotto Investment Management LLP raised its stake in shares of Sibanye Stillwater by 1.9% during the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock valued at $99,186,000 after purchasing an additional 416,399 shares during the period. Marshall Wace LLP increased its holdings in shares of Sibanye Stillwater by 3,256.8% in the 2nd quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock valued at $23,121,000 after purchasing an additional 5,156,931 shares during the period. Raymond James & Associates raised its position in Sibanye Stillwater by 8.5% during the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock valued at $6,891,000 after acquiring an additional 131,990 shares in the last quarter. Millennium Management LLC grew its holdings in Sibanye Stillwater by 65.1% during the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after purchasing an additional 526,724 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Sibanye Stillwater by 8.7% in the second quarter. American Century Companies Inc. now owns 1,123,276 shares of the company’s stock worth $4,886,000 after acquiring an additional 90,063 shares during the last quarter. Institutional investors and hedge funds 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.