Sibanye Stillwater (NYSE:SBSW) Rating Lowered to Hold at Hsbc Global Res

Hsbc Global Res lowered shares of Sibanye Stillwater (NYSE:SBSW) from a strong-buy rating to a hold rating in a research note released on Monday morning, Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets decreased their price target 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. Finally, HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target on the stock. in a research report on Monday. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.98.

Sibanye Stillwater Price Performance

Shares of Sibanye Stillwater stock traded up $0.19 during trading on Monday, hitting $4.86. The company’s stock had a trading volume of 345,884 shares, compared to its average volume of 6,103,748. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93. The stock has a 50-day moving average price of $4.25 and a two-hundred day moving average price of $4.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lingotto Investment Management LLP boosted its position in shares of Sibanye Stillwater by 1.9% during the 2nd 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 in the last quarter. Marshall Wace LLP raised its stake in Sibanye Stillwater by 3,256.8% during the 2nd quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock worth $23,121,000 after buying an additional 5,156,931 shares during the period. Raymond James & Associates boosted its holdings in Sibanye Stillwater by 8.5% in the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock worth $6,891,000 after acquiring an additional 131,990 shares in the last quarter. Millennium Management LLC grew its stake in Sibanye Stillwater by 65.1% in the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after acquiring an additional 526,724 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Sibanye Stillwater by 8.7% during the second quarter. American Century Companies Inc. now owns 1,123,276 shares of the company’s stock valued at $4,886,000 after acquiring an additional 90,063 shares in the last quarter. 34.93% of the stock is owned by institutional investors.

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.