Sibanye Stillwater (NYSE:SBSW) Shares Gap Down to $5.32

Shares of Sibanye Stillwater Limited (NYSE:SBSW) gapped down prior to trading on Friday . The stock had previously closed at $5.32, but opened at $5.20. Sibanye Stillwater shares last traded at $5.16, with a volume of 628,864 shares changing hands.

Analyst Ratings Changes

SBSW has been the topic of several recent analyst reports. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a research note on Wednesday, March 13th. Royal Bank of Canada lowered their target price on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a research note on Friday, March 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Sibanye Stillwater has an average rating of “Hold” and a consensus target price of $6.00.

Sibanye Stillwater Stock Performance

The company has a fifty day moving average of $4.67 and a two-hundred day moving average of $4.92. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Sibanye Stillwater

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Capital Wealth Advisors bought a new position in Sibanye Stillwater during the 1st quarter worth $50,000. DGS Capital Management LLC bought a new position in shares of Sibanye Stillwater during the first quarter worth about $200,000. Fermata Advisors LLC bought a new stake in Sibanye Stillwater in the first quarter valued at approximately $52,000. GAMMA Investing LLC increased its position in Sibanye Stillwater by 62.6% during the 1st quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock valued at $42,000 after purchasing an additional 3,401 shares during the period. Finally, Creekmur Asset Management LLC bought a new position in Sibanye Stillwater during the 4th quarter worth approximately $223,000. 34.93% of the stock is currently 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.