Sibanye Stillwater (NYSE:SBSW) Shares Gap Up to $4.67

Sibanye Stillwater Limited (NYSE:SBSWGet Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $4.67, but opened at $4.77. Sibanye Stillwater shares last traded at $4.83, with a volume of 621,463 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SBSW. Royal Bank of Canada decreased their price target on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. BMO Capital Markets cut Sibanye Stillwater from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $11.00 to $6.00 in a report on Tuesday, December 5th. Finally, Jefferies Financial Group cut Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sibanye Stillwater currently has a consensus rating of “Hold” and a consensus target price of $6.00.

View Our Latest Report on SBSW

Sibanye Stillwater Trading Up 2.4 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.70. The company has a 50-day moving average of $4.51 and a 200-day moving average of $5.01.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lingotto Investment Management LLP boosted its position in shares of Sibanye Stillwater by 28.5% in the 4th quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company’s stock valued at $119,283,000 after purchasing an additional 4,865,997 shares during the period. Morgan Stanley lifted its stake in Sibanye Stillwater by 163.2% in the 3rd quarter. Morgan Stanley now owns 3,519,048 shares of the company’s stock worth $21,713,000 after acquiring an additional 2,181,973 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Sibanye Stillwater by 71.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,977,726 shares of the company’s stock worth $39,658,000 after acquiring an additional 1,662,361 shares in the last quarter. AQR Capital Management LLC lifted its stake in Sibanye Stillwater by 32.9% in the 3rd quarter. AQR Capital Management LLC now owns 5,031,600 shares of the company’s stock worth $31,045,000 after acquiring an additional 1,244,715 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Sibanye Stillwater by 71.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,084,142 shares of the company’s stock worth $33,826,000 after acquiring an additional 866,039 shares in the last quarter. Institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Company Profile

(Get Free Report)

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.

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