Sibanye Stillwater (NYSE:SBSW) Shares Down 3.1% – Here’s Why

Sibanye Stillwater Limited (NYSE:SBSW) shares dropped 3.1% on Tuesday . The company traded as low as $3.40 and last traded at $3.46. Approximately 1,825,802 shares traded hands during trading, a decline of 70% from the average daily volume of 6,030,062 shares. The stock had previously closed at $3.57.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a report on Monday, November 4th. BMO Capital Markets decreased their target price 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 Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Investec cut Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.98.

Sibanye Stillwater Price Performance

The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 5.69 and a beta of 1.55. The stock’s fifty day moving average price is $4.26 and its two-hundred day moving average price is $4.29. 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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. 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. Blue Trust Inc. grew its stake in shares of Sibanye Stillwater by 1,931.5% during the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after buying an additional 8,885 shares during the period. Blankinship & Foster LLC acquired a new position in shares of Sibanye Stillwater in the 3rd quarter valued at about $41,000. Signaturefd LLC increased its position in shares of Sibanye Stillwater by 24.9% in the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after acquiring an additional 2,241 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Sibanye Stillwater in the third quarter valued at about $46,000. 34.93% of the stock is owned by hedge funds and other 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.