Sibanye Stillwater (NYSE:SBSW) Cut to Hold at HSBC

Sibanye Stillwater (NYSE:SBSW) was downgraded by equities researchers at HSBC from a “buy” rating to a “hold” rating in a research note issued on Monday, Briefing.com reports.

A number of other research analysts have also commented on the company. BMO Capital Markets cut their target price on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday, September 13th. Investec downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, Sibanye Stillwater currently has a consensus rating of “Hold” and a consensus price target of $5.17.

Sibanye Stillwater Price Performance

Shares of NYSE SBSW opened at $4.64 on Monday. Sibanye Stillwater has a 12 month low of $3.08 and a 12 month high of $5.93. The business’s 50 day moving average is $4.24 and its two-hundred day moving average is $4.52. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Marshall Wace LLP boosted its position in 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 during the period. Millennium Management LLC increased its stake in Sibanye Stillwater by 65.1% during the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock worth $5,809,000 after acquiring an additional 526,724 shares during the period. Lingotto Investment Management LLP raised its stake in Sibanye Stillwater by 1.9% in 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 in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Sibanye Stillwater by 53.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock valued at $4,385,000 after buying an additional 349,835 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in Sibanye Stillwater by 685.5% during the second quarter. Headlands Technologies LLC now owns 375,660 shares of the company’s stock worth $1,634,000 after purchasing an additional 327,837 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

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.