Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – Still a Buy?

Sibanye Stillwater Limited (NYSE:SBSW) shares gapped up before the market opened on Monday . The stock had previously closed at $3.98, but opened at $4.19. Sibanye Stillwater shares last traded at $4.20, with a volume of 1,183,289 shares.

Analyst Upgrades and Downgrades

SBSW has been the subject of several research reports. Investec downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Hsbc Global Res downgraded Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. BMO Capital Markets decreased their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Friday, September 13th. Finally, HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target on the stock. in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Stock Performance

The stock’s 50 day simple moving average is $4.33 and its 200 day simple moving average is $4.48. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Institutional Trading of Sibanye Stillwater

Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP grew its holdings in Sibanye Stillwater by 3,256.8% during the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock valued at $23,121,000 after purchasing an additional 5,156,931 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Sibanye Stillwater by 30.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after buying an additional 699,900 shares during the period. Point72 Asset Management L.P. acquired a new position in Sibanye Stillwater in the 3rd quarter valued at $2,367,000. Millennium Management LLC grew its stake in Sibanye Stillwater by 65.1% in the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after buying an additional 526,724 shares during the last quarter. Finally, Lingotto Investment Management LLP raised its holdings in Sibanye Stillwater by 1.9% in the 2nd quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock worth $99,186,000 after acquiring an additional 416,399 shares during the period. 34.93% of the stock is owned by hedge funds and other institutional investors.

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.