Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – Should You Buy?

Sibanye Stillwater Limited (NYSE:SBSW)’s share price 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.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Hsbc Global Res cut Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. BMO Capital Markets decreased their price objective on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Friday, September 13th. HSBC cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective on the stock. in a research report on Monday, November 4th. Finally, Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Sibanye Stillwater currently has an average rating of “Hold” and an average target price of $4.98.

Sibanye Stillwater Stock Up 1.4 %

The firm’s 50 day simple moving average is $4.37 and its two-hundred day simple moving average is $4.47. 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 Investors Weigh In On Sibanye Stillwater

A number of hedge funds and other institutional investors have recently modified their holdings of SBSW. Creative Financial Designs Inc. ADV increased its stake in Sibanye Stillwater by 40.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after purchasing an additional 2,200 shares during the period. Signaturefd LLC grew its holdings in shares of Sibanye Stillwater by 24.9% in the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after purchasing an additional 2,241 shares during the last quarter. Fermata Advisors LLC grew its holdings in shares of Sibanye Stillwater by 13.2% in the third quarter. Fermata Advisors LLC now owns 22,968 shares of the company’s stock worth $94,000 after purchasing an additional 2,674 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Sibanye Stillwater by 6.7% in the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after buying an additional 3,045 shares during the period. Finally, XTX Topco Ltd raised its holdings in Sibanye Stillwater by 5.6% during the 3rd quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock valued at $418,000 after buying an additional 5,428 shares during the last quarter. 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.