Sibanye Stillwater (NYSE:SBSW) Sees Large Volume Increase

Sibanye Stillwater Limited (NYSE:SBSW) shares saw an uptick in trading volume on Tuesday . 2,554,520 shares were traded during mid-day trading, a decline of 54% from the previous session’s volume of 5,607,732 shares.The stock last traded at $5.78 and had previously closed at $5.51.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SBSW. Jefferies Financial Group downgraded Sibanye Stillwater from a “buy” rating to a “sell” rating in a research note on Wednesday, March 13th. Royal Bank of Canada reduced their price objective on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Sibanye Stillwater presently has a consensus rating of “Hold” and an average target price of $6.00.

Sibanye Stillwater Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97. The business has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $4.96.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its position in Sibanye Stillwater by 4.8% in the first quarter. Advisory Services Network LLC now owns 29,356 shares of the company’s stock worth $476,000 after purchasing an additional 1,341 shares during the period. Two Sigma Securities LLC increased its holdings in shares of Sibanye Stillwater by 7.7% in the first quarter. Two Sigma Securities LLC now owns 20,677 shares of the company’s stock valued at $172,000 after buying an additional 1,470 shares in the last quarter. Samalin Investment Counsel LLC increased its holdings in shares of Sibanye Stillwater by 146.0% in the first quarter. Samalin Investment Counsel LLC now owns 3,075 shares of the company’s stock valued at $50,000 after buying an additional 1,825 shares in the last quarter. Compagnie Lombard Odier SCmA increased its holdings in shares of Sibanye Stillwater by 40.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 7,000 shares of the company’s stock valued at $43,000 after buying an additional 2,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Sibanye Stillwater by 17.9% in the first quarter. PNC Financial Services Group Inc. now owns 13,582 shares of the company’s stock valued at $221,000 after buying an additional 2,058 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

About Sibanye Stillwater

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.