Sibanye Stillwater (NYSE:SBSW) Rating Lowered to “Hold” at HSBC

HSBC downgraded shares of Sibanye Stillwater (NYSE:SBSW) from a buy rating to a hold rating in a research report released on Monday morning, MarketBeat reports. They currently have $4.40 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. BMO Capital Markets dropped their price target on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, Sibanye Stillwater presently has a consensus rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Price Performance

NYSE:SBSW opened at $4.84 on Monday. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average of $4.26 and a 200 day moving average of $4.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV boosted its holdings in Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after acquiring an additional 2,200 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Sibanye Stillwater by 1,931.5% during the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after acquiring an additional 8,885 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Sibanye Stillwater during the third quarter valued at approximately $46,000. Signaturefd LLC lifted its position in Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after purchasing an additional 2,241 shares during the period. Finally, Pine Valley Investments Ltd Liability Co purchased a new stake in Sibanye Stillwater in the second quarter worth approximately $64,000. 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.