Sibanye Stillwater Limited (NYSE:SBSW – Get Free Report) has been given a consensus rating of “Reduce” by the six brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.67.
Separately, JPMorgan Chase & Co. reduced their price target on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd.
Read Our Latest Analysis on SBSW
Sibanye Stillwater Trading Down 3.0 %
Institutional Investors Weigh In On Sibanye Stillwater
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC acquired a new stake in shares of Sibanye Stillwater in the 4th quarter valued at $28,000. GAMMA Investing LLC bought a new position in Sibanye Stillwater in the fourth quarter valued at about $30,000. Vanguard Capital Wealth Advisors acquired a new stake in Sibanye Stillwater in the first quarter worth about $50,000. Fermata Advisors LLC bought a new stake in Sibanye Stillwater during the 1st quarter worth about $52,000. Finally, Peapack Gladstone Financial Corp acquired a new position in Sibanye Stillwater during the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 34.93% of the company’s stock.
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.
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