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

Sibanye Stillwater Limited (NYSE:SBSW) has received a consensus rating of “Reduce” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $4.98.

SBSW has been the topic of a number of analyst reports. HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective on the stock. in a research report on Monday, November 4th. BMO Capital Markets lowered their price objective on shares of 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 shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th.

Sibanye Stillwater Price Performance

NYSE:SBSW opened at $4.25 on Friday. The firm’s fifty day moving average price is $4.39 and its 200 day moving average price is $4.41. Sibanye Stillwater has a 1-year low of $3.08 and a 1-year high of $5.93. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Institutional Investors Weigh In On Sibanye Stillwater

Several institutional investors have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV raised its stake in shares of Sibanye Stillwater by 40.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after buying an additional 2,200 shares during the last quarter. Signaturefd LLC raised its stake in shares of Sibanye Stillwater by 24.9% during the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after buying an additional 2,241 shares during the last quarter. Fermata Advisors LLC raised its stake in shares of Sibanye Stillwater by 13.2% during the 3rd quarter. Fermata Advisors LLC now owns 22,968 shares of the company’s stock worth $94,000 after buying an additional 2,674 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Sibanye Stillwater by 6.7% during the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after buying an additional 3,045 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in shares of Sibanye Stillwater by 5.6% during the 3rd quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock worth $418,000 after buying an additional 5,428 shares during the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

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.