Sibanye Stillwater (NYSE:SBSW) Shares Gap Down to $5.32

Sibanye Stillwater Limited (NYSE:SBSW) shares gapped down before the market opened on Friday . The stock had previously closed at $5.32, but opened at $5.20. Sibanye Stillwater shares last traded at $5.16, with a volume of 628,864 shares traded.

Wall Street Analysts Forecast Growth

SBSW has been the topic of several analyst reports. Royal Bank of Canada reduced their target price on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating on the stock in a report on Friday, March 1st. Jefferies Financial Group cut shares of Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Sibanye Stillwater presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Sibanye Stillwater Stock Performance

The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The business’s fifty day simple moving average is $4.65 and its two-hundred day simple moving average is $4.93.

Institutional Trading of Sibanye Stillwater

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC purchased a new position in shares of Sibanye Stillwater during the fourth quarter worth approximately $28,000. GAMMA Investing LLC purchased a new position in shares of Sibanye Stillwater during the fourth quarter worth approximately $30,000. Natixis purchased a new position in shares of Sibanye Stillwater during the fourth quarter worth approximately $37,000. Money Concepts Capital Corp purchased a new position in shares of Sibanye Stillwater during the fourth quarter worth approximately $41,000. Finally, Compagnie Lombard Odier SCmA grew its position in Sibanye Stillwater by 40.0% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 7,000 shares of the company’s stock valued at $43,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds 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.