Sibanye Stillwater (NYSE:SBSW) Shares Gap Down to $8.86

Sibanye Stillwater Limited (NYSE:SBSWGet Rating)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $8.86, but opened at $8.27. Sibanye Stillwater shares last traded at $8.18, with a volume of 60,077 shares changing hands.

Wall Street Analyst Weigh In

SBSW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Sibanye Stillwater from $13.70 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 26th. BMO Capital Markets decreased their target price on Sibanye Stillwater from $18.00 to $15.00 and set an “outperform” rating on the stock in a research report on Monday, August 15th. Investec cut Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. HSBC raised shares of Sibanye Stillwater from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Finally, Royal Bank of Canada lowered shares of Sibanye Stillwater from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $25.00 to $13.00 in a research report on Wednesday, June 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.23.

Sibanye Stillwater Stock Performance

The business’s 50 day moving average price is $9.49 and its two-hundred day moving average price is $12.19. The company has a quick ratio of 1.93, a current ratio of 3.37 and a debt-to-equity ratio of 0.24.

Sibanye Stillwater Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, September 29th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.3246 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend yield of 7.4%.

Institutional Investors Weigh In On Sibanye Stillwater

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its holdings in Sibanye Stillwater by 103.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 6,626 shares of the company’s stock worth $84,000 after acquiring an additional 3,367 shares during the last quarter. Bank of Montreal Can lifted its holdings in Sibanye Stillwater by 3.8% during the 4th quarter. Bank of Montreal Can now owns 253,445 shares of the company’s stock worth $3,199,000 after buying an additional 9,351 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Sibanye Stillwater in the fourth quarter valued at about $251,000. Odey Asset Management Group Ltd acquired a new position in shares of Sibanye Stillwater in the fourth quarter worth approximately $50,000. Finally, Bayesian Capital Management LP acquired a new stake in Sibanye Stillwater during the 4th quarter valued at approximately $154,000. Institutional investors own 6.60% of the company’s stock.

About Sibanye Stillwater

(Get Rating)

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome.

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