Sibanye Stillwater (NYSE:SBSW) Shares Up 6.1%

Sibanye Stillwater Limited (NYSE:SBSW) traded up 6.1% during mid-day trading on Wednesday . The company traded as high as $4.53 and last traded at $4.52. 1,337,960 shares were traded during mid-day trading, a decline of 78% from the average session volume of 6,138,677 shares. The stock had previously closed at $4.26.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. lowered their price target on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.67.

Sibanye Stillwater Stock Up 8.5 %

The business has a fifty day simple moving average of $4.82 and a two-hundred day simple moving average of $4.82. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49.

Institutional Trading of Sibanye Stillwater

A number of hedge funds have recently bought and sold shares of SBSW. UBS Group AG lifted its holdings in Sibanye Stillwater by 9.0% during the third quarter. UBS Group AG now owns 326,381 shares of the company’s stock worth $2,014,000 after buying an additional 26,966 shares during the period. Graham Capital Management L.P. purchased a new stake in Sibanye Stillwater during the third quarter worth $262,000. American Century Companies Inc. lifted 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 buying an additional 76,114 shares during the period. Gunderson Capital Management Inc. purchased a new stake in Sibanye Stillwater during the fourth quarter worth $54,000. Finally, Raymond James & Associates lifted 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 buying an additional 27,261 shares during the period. 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.