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

Shares of Sibanye Stillwater Limited (NYSE:SBSW – Get Rating) gapped down prior to trading on Monday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $13.00 to $9.00. The stock had previously closed at $8.46, but opened at $8.25. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Sibanye Stillwater shares last traded at $8.20, with a volume of 960,714 shares traded.

Hedge Funds Weigh In On Sibanye Stillwater

Several hedge funds have recently bought and sold shares of the company. OLD Mission Capital LLC purchased a new position in Sibanye Stillwater during the fourth quarter valued at approximately $250,000. Natixis purchased a new position in Sibanye Stillwater in the 4th quarter worth approximately $37,000. B. Riley Wealth Advisors Inc. purchased a new position in Sibanye Stillwater in the 4th quarter worth approximately $437,000. Employees Retirement System of Texas purchased a new position in Sibanye Stillwater in the 4th quarter worth approximately $260,000. Finally, Virtu Financial LLC bought a new stake in shares of Sibanye Stillwater in the 4th quarter worth approximately $258,000. Hedge funds and other institutional investors own 6.81% of the company’s stock.

Sibanye Stillwater Price Performance

The company has a quick ratio of 1.70, a current ratio of 3.01 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average price is $10.38 and its two-hundred day moving average price is $10.00.

Sibanye Stillwater Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, April 10th. Stockholders of record on Friday, March 24th will be issued a $0.27 dividend. The ex-dividend date is Thursday, March 23rd.

Sibanye Stillwater Company Profile

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Sibanye Stillwater Ltd. engages in the provision of precious metals mining services. Its portfolio includes the platinum group metal (PGM) operations in the United States, South Africa, and Zimbabwe; gold operations and projects in South Africa; and copper, gold and PGM exploration properties in North and South America.