Sibanye Stillwater (NYSE:SBSW) Shares Gap Up to $4.11

Sibanye Stillwater Limited (NYSE:SBSW) shares gapped up prior to trading on Tuesday . The stock had previously closed at $4.11, but opened at $4.35. Sibanye Stillwater shares last traded at $4.35, with a volume of 813,374 shares traded.

Analysts Set New Price Targets

SBSW has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. BMO Capital Markets dropped their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 13th. 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 company presently has a consensus rating of “Hold” and an average target price of $5.17.

Sibanye Stillwater Price Performance

The business has a 50 day moving average price of $4.12 and a two-hundred day moving average price of $4.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors have recently added to or reduced their stakes in SBSW. Cantor Fitzgerald L. P. bought a new position in shares of Sibanye Stillwater during the 4th quarter valued at about $82,000. Lingotto Investment Management LLP grew its holdings in Sibanye Stillwater by 28.5% during the 4th quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company’s stock valued at $119,283,000 after buying an additional 4,865,997 shares in the last quarter. Quantbot Technologies LP grew its holdings in Sibanye Stillwater by 153.7% during the 1st quarter. Quantbot Technologies LP now owns 104,173 shares of the company’s stock valued at $491,000 after buying an additional 63,111 shares in the last quarter. Fermata Advisors LLC bought a new stake in Sibanye Stillwater in the 1st quarter worth approximately $52,000. Finally, Virtu Financial LLC bought a new stake in Sibanye Stillwater in the first quarter worth $84,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

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.