Sibanye Stillwater Limited (NYSE:SBSW) Given Average Recommendation of “Hold” by Brokerages

Shares of Sibanye Stillwater Limited (NYSE:SBSW) have earned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.79.

Separately, Royal Bank of Canada reduced their target price on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th.

Sibanye Stillwater Price Performance

Shares of NYSE:SBSW opened at $3.94 on Monday. The business’s 50 day simple moving average is $3.67 and its 200-day simple moving average is $3.95. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 7.57 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater has a 12 month low of $3.05 and a 12 month high of $5.93.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors and hedge funds have recently bought and sold shares of SBSW. Goehring & Rozencwajg Associates LLC purchased a new stake in Sibanye Stillwater in the 4th quarter valued at approximately $9,446,000. Raymond James Financial Inc. acquired a new position in Sibanye Stillwater in the 4th quarter valued at $5,814,000. D. E. Shaw & Co. Inc. raised its holdings in Sibanye Stillwater by 28.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company’s stock valued at $21,588,000 after acquiring an additional 1,439,882 shares during the last quarter. Northern Trust Corp raised its holdings in Sibanye Stillwater by 1,673.5% in the 4th quarter. Northern Trust Corp now owns 1,014,294 shares of the company’s stock valued at $3,347,000 after acquiring an additional 957,103 shares during the last quarter. Finally, Trek Financial LLC acquired a new position in Sibanye Stillwater in the 4th quarter valued at $2,803,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.