Sibanye Stillwater Limited (NYSE:SBSW) Receives $4.98 Average Price Target from Brokerages

Sibanye Stillwater Limited (NYSE:SBSW) has earned a consensus rating of “Reduce” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $4.98.

SBSW has been the subject of a number of research reports. Hsbc Global Res cut shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. BMO Capital Markets cut 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. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a research note on Monday, November 4th.

Institutional Investors Weigh In On Sibanye Stillwater

A number of large investors have recently modified their holdings of SBSW. Blankinship & Foster LLC bought a new position in Sibanye Stillwater in the third quarter worth $41,000. Pine Valley Investments Ltd Liability Co grew its holdings in Sibanye Stillwater by 83.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 27,136 shares of the company’s stock worth $112,000 after purchasing an additional 12,336 shares during the period. Barclays PLC bought a new position in shares of Sibanye Stillwater during the third quarter valued at approximately $329,000. O Brien Greene & Co. Inc bought a new stake in shares of Sibanye Stillwater in the 3rd quarter worth approximately $189,000. Finally, XTX Topco Ltd boosted its holdings in Sibanye Stillwater by 5.6% in the third quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock worth $418,000 after acquiring an additional 5,428 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Trading Up 1.7 %

NYSE:SBSW opened at $4.09 on Friday. Sibanye Stillwater has a 1-year low of $3.08 and a 1-year high of $5.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The business has a 50 day moving average of $4.39 and a 200 day moving average of $4.42.

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.