Sibanye Stillwater (NYSE:SBSW) PT Lowered to $6.00

Sibanye Stillwater (NYSE:SBSW) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $7.00 to $6.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 29.87% from the company’s previous close.

Separately, Jefferies Financial Group cut shares of Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Three research analysts have rated the stock with a sell rating and three have given a hold 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 $5.67.

Sibanye Stillwater Trading Up 8.5 %

NYSE SBSW opened at $4.62 on Wednesday. The stock has a 50-day moving average of $4.82 and a 200-day moving average of $4.82. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97. Sibanye Stillwater has a 1-year low of $3.85 and a 1-year high of $7.78.

Institutional Investors Weigh In On Sibanye Stillwater

Several institutional investors and hedge funds have recently bought and sold shares of SBSW. Scarborough Advisors LLC bought a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC purchased a new position in Sibanye Stillwater during the 4th quarter valued at $30,000. Gunderson Capital Management Inc. bought a new position in Sibanye Stillwater in the 4th quarter worth $54,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Sibanye Stillwater in the 4th quarter worth about $56,000. Finally, Vanguard Capital Wealth Advisors bought a new stake in shares of Sibanye Stillwater during the 1st quarter valued at about $50,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.