Sibanye Stillwater Limited (NYSE:SBSW) Receives $4.98 Consensus Target Price from Analysts

Shares of Sibanye Stillwater Limited (NYSE:SBSW) have been assigned an average recommendation of “Reduce” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $4.98.

Several research analysts have commented on SBSW shares. Hsbc Global Res cut shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. HSBC cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a report on Monday, November 4th. Finally, Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th.

Institutional Trading of Sibanye Stillwater

A number of institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP lifted its stake in Sibanye Stillwater by 3,256.8% in the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock valued at $23,121,000 after acquiring an additional 5,156,931 shares during the last quarter. Bridgewater Associates LP raised its position in shares of Sibanye Stillwater by 10.9% in the third quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock valued at $13,467,000 after purchasing an additional 321,037 shares during the period. Two Sigma Advisers LP raised its position in shares of Sibanye Stillwater by 30.8% in the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after purchasing an additional 699,900 shares during the period. Raymond James & Associates raised its position in shares of Sibanye Stillwater by 8.5% in the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock valued at $6,891,000 after purchasing an additional 131,990 shares during the period. Finally, Millennium Management LLC raised its position in shares of 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 purchasing an additional 526,724 shares during the period. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Stillwater Stock Up 2.9 %

Shares of SBSW opened at $3.77 on Friday. Sibanye Stillwater has a one year low of $3.08 and a one year high of $5.93. The company has a 50-day moving average of $3.77 and a two-hundred day moving average of $4.12. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

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.