Royal Bank of Canada Upgrades Sibanye Stillwater (NYSE:SBSW) to “Outperform”

Sibanye Stillwater (NYSE:SBSW) was upgraded by equities researchers at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Tuesday,Finviz reports.

Sibanye Stillwater Stock Performance

Shares of NYSE:SBSW opened at $4.10 on Tuesday. The business’s fifty day moving average price is $3.69 and its two-hundred day moving average price is $3.95. Sibanye Stillwater has a fifty-two week low of $3.05 and a fifty-two week high of $5.93. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 7.88 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.

Institutional Trading of Sibanye Stillwater

Large investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its stake in shares of Sibanye Stillwater by 6.7% during the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock valued at $199,000 after acquiring an additional 3,045 shares during the period. Aire Advisors LLC lifted its stake in shares of Sibanye Stillwater by 5.3% during the fourth quarter. Aire Advisors LLC now owns 61,060 shares of the company’s stock valued at $201,000 after acquiring an additional 3,060 shares during the period. Rhumbline Advisers lifted its stake in shares of Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after acquiring an additional 3,120 shares during the period. Banco Santander S.A. lifted its stake in shares of Sibanye Stillwater by 16.9% during the fourth quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock valued at $99,000 after acquiring an additional 4,344 shares during the period. Finally, United Capital Financial Advisors LLC lifted its stake in shares of Sibanye Stillwater by 32.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company’s stock valued at $65,000 after acquiring an additional 4,768 shares during the period. Institutional investors own 34.93% of the company’s stock.

About Sibanye Stillwater

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.