Sibanye Stillwater (NYSE:SBSW) Stock Price Up 7%

Shares of Sibanye Stillwater Limited (NYSE:SBSW) rose 7% during trading on Friday . The stock traded as high as $3.99 and last traded at $3.99. Approximately 1,362,671 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 5,930,618 shares. The stock had previously closed at $3.73.

Wall Street Analysts Forecast Growth

SBSW has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. BMO Capital Markets decreased their price target on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a report on Friday. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, Sibanye Stillwater presently has a consensus rating of “Hold” and an average price target of $5.17.

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 stock has a 50-day moving average price of $4.21 and a 200 day moving average price of $4.59. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 5.42 and a beta of 1.65.

Institutional Trading of Sibanye Stillwater

Institutional investors have recently bought and sold shares of the business. Scarborough Advisors LLC purchased a new position in shares of Sibanye Stillwater during the 4th quarter valued at approximately $28,000. GAMMA Investing LLC grew its position in shares of Sibanye Stillwater by 62.6% in the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock valued at $42,000 after purchasing an additional 3,401 shares during the period. Vanguard Capital Wealth Advisors purchased a new stake in shares of Sibanye Stillwater during the first quarter worth about $50,000. Fermata Advisors LLC acquired a new position in shares of Sibanye Stillwater during the 1st quarter worth about $52,000. Finally, Peapack Gladstone Financial Corp purchased a new position in Sibanye Stillwater in the 4th quarter valued at about $56,000. 34.93% of the stock is owned by institutional investors and hedge funds.

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.