Sibanye Stillwater Limited (NYSE:SBSW) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Sibanye Stillwater Limited (NYSE:SBSW) have received an average rating of “Reduce” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $4.98.

Several brokerages have issued reports on SBSW. BMO Capital Markets dropped their target price on 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 report on Monday, November 4th. HSBC lowered 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. Finally, Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th.

Hedge Funds Weigh In On Sibanye Stillwater

Institutional investors have recently modified their holdings of 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 valued at $31,000 after buying an additional 2,200 shares during the last quarter. Blue Trust Inc. raised 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 last quarter. Sivia Capital Partners LLC purchased a new position in shares of Sibanye Stillwater during the 3rd quarter valued at about $46,000. 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 valued at $46,000 after buying an additional 2,241 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in shares of Sibanye Stillwater during the 2nd quarter valued at about $64,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Stock Performance

Shares of NYSE SBSW opened at $4.60 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The stock’s fifty day simple moving average is $4.29 and its two-hundred day simple moving average is $4.51. Sibanye Stillwater has a 12-month low of $3.08 and a 12-month high of $5.93.

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.