Sibanye Stillwater (NYSE:SBSW) Price Target Cut to $4.50 by Analysts at BMO Capital Markets

Sibanye Stillwater (NYSE:SBSW) had its price objective decreased by BMO Capital Markets from $5.00 to $4.50 in a report published on Friday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on shares of Sibanye Stillwater from $7.00 to $6.00 and set a neutral rating on the stock in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $5.17.

Sibanye Stillwater Price Performance

Sibanye Stillwater stock opened at $4.03 on Friday. 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 firm’s 50-day simple moving average is $4.21 and its 200 day simple moving average is $4.59. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $6.99.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds have recently modified their holdings of SBSW. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Sibanye Stillwater by 15.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 47,304 shares of the company’s stock worth $257,000 after purchasing an additional 6,243 shares during the period. Quadrant Capital Group LLC lifted its position in Sibanye Stillwater by 36.9% during the fourth quarter. Quadrant Capital Group LLC now owns 16,701 shares of the company’s stock worth $91,000 after buying an additional 4,500 shares during the period. BCGM Wealth Management LLC boosted its stake in Sibanye Stillwater by 21.7% in the 4th quarter. BCGM Wealth Management LLC now owns 359,142 shares of the company’s stock worth $1,950,000 after buying an additional 64,148 shares during the last quarter. Anthracite Investment Company Inc. purchased a new stake in Sibanye Stillwater in the 4th quarter valued at about $1,525,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Sibanye Stillwater by 545.5% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 143,193 shares of the company’s stock valued at $778,000 after acquiring an additional 121,009 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

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.