Sibanye Stillwater (NYSE:SBSW) Coverage Initiated at The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group started coverage on shares of Sibanye Stillwater (NYSE:SBSWGet Rating) in a report released on Monday, The Fly reports. The firm set a “buy” rating on the stock.

Several other analysts also recently weighed in on SBSW. BMO Capital Markets boosted their price target on shares of Sibanye Stillwater from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, March 7th. Citigroup began coverage on shares of Sibanye Stillwater in a research note on Wednesday, April 6th. They issued a “buy” rating for the company. Royal Bank of Canada upped their price objective on shares of Sibanye Stillwater from C$21.00 to C$24.00 in a research note on Wednesday, February 23rd. Zacks Investment Research downgraded shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Sibanye Stillwater from $18.50 to $21.00 and gave the company a “buy” rating in a research note on Thursday, March 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Sibanye Stillwater presently has an average rating of “Buy” and a consensus target price of $22.00.

Shares of NYSE:SBSW opened at $12.11 on Monday. Sibanye Stillwater has a 52-week low of $11.15 and a 52-week high of $20.64. The firm has a fifty day moving average of $16.52 and a 200 day moving average of $14.95. The company has a current ratio of 3.16, a quick ratio of 1.94 and a debt-to-equity ratio of 0.25.

A number of hedge funds have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. purchased a new stake in Sibanye Stillwater in the first quarter worth about $27,000. Rockefeller Capital Management L.P. grew its holdings in Sibanye Stillwater by 109.0% in the third quarter. Rockefeller Capital Management L.P. now owns 3,156 shares of the company’s stock worth $38,000 after purchasing an additional 1,646 shares during the period. CENTRAL TRUST Co grew its holdings in Sibanye Stillwater by 900.0% in the fourth quarter. CENTRAL TRUST Co now owns 3,000 shares of the company’s stock worth $38,000 after purchasing an additional 2,700 shares during the period. Private Ocean LLC purchased a new stake in shares of Sibanye Stillwater during the third quarter valued at approximately $46,000. Finally, Signaturefd LLC grew its holdings in shares of Sibanye Stillwater by 185.8% during the fourth quarter. Signaturefd LLC now owns 3,892 shares of the company’s stock valued at $49,000 after buying an additional 2,530 shares during the last quarter. 6.27% of the stock is owned by institutional investors.

Sibanye Stillwater Company Profile (Get Rating)

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.

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