Sibanye Stillwater (NYSE:SBSW) Shares Gap Up to $4.29

Sibanye Stillwater Limited (NYSE:SBSW) gapped up before the market opened on Friday . The stock had previously closed at $4.29, but opened at $4.43. Sibanye Stillwater shares last traded at $4.45, with a volume of 593,720 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group downgraded Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.00.

Sibanye Stillwater Price Performance

The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $4.86 and a 200-day moving average price of $4.84.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lingotto Investment Management LLP raised its holdings in Sibanye Stillwater by 28.5% during the fourth quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company’s stock worth $119,283,000 after purchasing an additional 4,865,997 shares in the last quarter. AQR Capital Management LLC raised its holdings in Sibanye Stillwater by 32.9% during the third quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company’s stock worth $31,045,000 after purchasing an additional 1,244,715 shares in the last quarter. Raymond James & Associates raised its holdings in Sibanye Stillwater by 1.4% during the fourth quarter. Raymond James & Associates now owns 1,970,811 shares of the company’s stock worth $10,702,000 after purchasing an additional 27,261 shares in the last quarter. Monaco Asset Management SAM raised its holdings in Sibanye Stillwater by 167.0% during the fourth quarter. Monaco Asset Management SAM now owns 959,358 shares of the company’s stock worth $5,209,000 after purchasing an additional 600,000 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Sibanye Stillwater by 9.6% during the third quarter. American Century Companies Inc. now owns 870,354 shares of the company’s stock worth $5,370,000 after purchasing an additional 76,114 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

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.