Analysts Set Sibanye Stillwater Limited (NYSE:SBSW) Price Target at $6.00

Sibanye Stillwater Limited (NYSE:SBSW) has been given an average recommendation of “Reduce” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $6.00.

SBSW has been the topic of several recent research reports. Jefferies Financial Group cut shares of Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Royal Bank of Canada decreased their target price on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Friday, March 1st.

Institutional Trading of Sibanye Stillwater

Several institutional investors and hedge funds have recently modified their holdings of SBSW. Scarborough Advisors LLC bought a new stake in shares of Sibanye Stillwater during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC bought a new stake in shares of Sibanye Stillwater during the fourth quarter valued at approximately $30,000. Vanguard Capital Wealth Advisors bought a new position in Sibanye Stillwater in the first quarter worth approximately $50,000. Fermata Advisors LLC purchased a new stake in Sibanye Stillwater during the first quarter worth $52,000. Finally, Gunderson Capital Management Inc. purchased a new position in shares of Sibanye Stillwater in the 4th quarter valued at $54,000. Institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Stock Performance

SBSW opened at $4.70 on Friday. The firm has a 50-day simple moving average of $4.75 and a two-hundred day simple moving average of $4.85. Sibanye Stillwater has a 52 week low of $3.85 and a 52 week high of $9.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97.

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.