Sibanye Stillwater (NYSE:SBSW) Shares Up 4.9%

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price was up 4.9% during mid-day trading on Friday . The company traded as high as $5.82 and last traded at $5.82. Approximately 1,892,527 shares changed hands during trading, a decline of 67% from the average daily volume of 5,738,065 shares. The stock had previously closed at $5.55.

Wall Street Analyst Weigh In

SBSW has been the subject of several research analyst reports. Royal Bank of Canada reduced their price target on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a research note on Wednesday, March 13th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.00.

Sibanye Stillwater Stock Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97. The business has a fifty day moving average of $4.59 and a 200 day moving average of $4.95.

Institutional Trading of Sibanye Stillwater

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of Sibanye Stillwater during the first quarter worth about $45,000. Samalin Investment Counsel LLC grew its holdings in shares of Sibanye Stillwater by 146.0% in the first quarter. Samalin Investment Counsel LLC now owns 3,075 shares of the company’s stock valued at $50,000 after purchasing an additional 1,825 shares in the last quarter. Natixis purchased a new stake in Sibanye Stillwater during the 4th quarter worth approximately $37,000. Money Concepts Capital Corp acquired a new stake in Sibanye Stillwater during the 4th quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. boosted its position in Sibanye Stillwater by 452.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,334 shares of the company’s stock valued at $70,000 after buying an additional 3,550 shares during the period. 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.