Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – Should You Buy?

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $4.53, but opened at $5.03. Sibanye Stillwater shares last traded at $5.13, with a volume of 2,321,891 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SBSW shares. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a research note on Monday. Hsbc Global Res cut Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, BMO Capital Markets lowered their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.98.

Sibanye Stillwater Price Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The company has a 50 day moving average of $4.25 and a 200-day moving average of $4.51.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in shares of Sibanye Stillwater by 125.0% during the 2nd quarter. Renaissance Technologies LLC now owns 436,935 shares of the company’s stock valued at $1,901,000 after purchasing an additional 242,735 shares during the last quarter. Quantbot Technologies LP grew its position in Sibanye Stillwater by 153.7% during the first quarter. Quantbot Technologies LP now owns 104,173 shares of the company’s stock valued at $491,000 after acquiring an additional 63,111 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Sibanye Stillwater during the second quarter worth approximately $905,000. Virtu Financial LLC bought a new stake in shares of Sibanye Stillwater in the 1st quarter worth approximately $84,000. Finally, Raymond James & Associates boosted its stake in shares of Sibanye Stillwater by 8.5% in the 3rd 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 in the last quarter. 34.93% of the stock is currently 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.