Sibanye Stillwater (NYSE:SBSW) Shares Gap Down After Analyst Downgrade

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped down prior to trading on Thursday after Royal Bank of Canada lowered their price target on the stock from $6.00 to $4.25. The stock had previously closed at $3.98, but opened at $3.80. Royal Bank of Canada currently has a sector perform rating on the stock. Sibanye Stillwater shares last traded at $3.76, with a volume of 2,074,519 shares trading hands.

Several other research analysts also recently commented on SBSW. Hsbc Global Res downgraded Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. HSBC cut shares of 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. Finally, Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, Sibanye Stillwater has a consensus rating of “Hold” and an average price target of $4.79.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new position in shares of Sibanye Stillwater during the 4th quarter worth about $25,000. Creative Financial Designs Inc. ADV lifted its stake in Sibanye Stillwater by 40.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after purchasing an additional 2,200 shares during the period. Blue Trust Inc. boosted its holdings in Sibanye Stillwater by 1,931.5% during the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after purchasing an additional 8,885 shares in the last quarter. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $41,000. Finally, Peapack Gladstone Financial Corp acquired a new position in shares of Sibanye Stillwater in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Stillwater Stock Down 3.4 %

The company has a 50-day moving average of $3.69 and a 200 day moving average of $4.04. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

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.