Sibanye Stillwater (NYSE:SBSW) Sets New 52-Week Low at $7.42

Sibanye Stillwater Limited (NYSE:SBSW – Get Rating)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $7.42 and last traded at $7.43, with a volume of 519614 shares trading hands. The stock had previously closed at $7.63.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from $11.00 to $10.00 in a research note on Wednesday, March 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Sibanye Stillwater from $13.00 to $9.00 and set a “hold” rating for the company in a research note on Friday, March 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Sibanye Stillwater presently has an average rating of “Moderate Buy” and an average price target of $11.33.

Sibanye Stillwater Price Performance

The stock’s 50 day simple moving average is $8.45 and its 200 day simple moving average is $9.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 3.01.

Sibanye Stillwater Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, April 6th. Shareholders of record on Friday, March 24th were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, March 23rd. This represents a yield of 8.3%.

Institutional Trading of Sibanye Stillwater

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tradition Wealth Management LLC lifted its position in shares of Sibanye Stillwater by 991.7% during the fourth quarter. Tradition Wealth Management LLC now owns 3,275 shares of the company’s stock valued at $35,000 after purchasing an additional 2,975 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Sibanye Stillwater during the 1st quarter worth approximately $35,000. Natixis bought a new position in shares of Sibanye Stillwater during the 4th quarter worth approximately $37,000. Money Concepts Capital Corp bought a new position in shares of Sibanye Stillwater during the 4th quarter worth approximately $41,000. Finally, Acadian Asset Management LLC bought a new position in shares of Sibanye Stillwater during the 1st quarter worth approximately $45,000. Institutional investors own 6.81% of the company’s stock.

About Sibanye Stillwater

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Sibanye Stillwater Ltd. engages in the acquisition and exploration of platinum group materials. It operates through the following segments: US PGM, SA PGM, and US Gold. The company was founded on November 7, 2014 and is headquartered in Weltevreden Park, South Africa.