Sibanye Stillwater Limited (NYSE:SBSW) Receives Average Rating of “Reduce” from Analysts

Shares of Sibanye Stillwater Limited (NYSE:SBSW) have been given a consensus recommendation of “Reduce” by the seven ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4.98.

A number of brokerages have issued reports on SBSW. BMO Capital Markets lowered their price target on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Friday, September 13th. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. HSBC cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a research report on Monday, November 4th. Finally, Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th.

Institutional Trading of Sibanye Stillwater

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its position in shares of Sibanye Stillwater by 3,256.8% during the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock worth $23,121,000 after purchasing an additional 5,156,931 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Sibanye Stillwater by 30.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after acquiring an additional 699,900 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Sibanye Stillwater in the third quarter valued at approximately $2,367,000. Millennium Management LLC boosted its holdings in shares of Sibanye Stillwater by 65.1% in the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after buying an additional 526,724 shares in the last quarter. Finally, Lingotto Investment Management LLP grew its holdings 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 worth $99,186,000 after purchasing an additional 416,399 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Stillwater Stock Performance

Shares of SBSW stock opened at $3.57 on Tuesday. The stock has a market cap of $2.53 billion, a PE ratio of 5.76 and a beta of 1.55. Sibanye Stillwater has a 52-week low of $3.08 and a 52-week high of $5.93. The business has a 50-day simple moving average of $4.26 and a 200-day simple moving average of $4.30. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

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.