Sibanye Stillwater Limited (NYSE:SBSW) Receives $4.98 Consensus Price Target from Brokerages

Sibanye Stillwater Limited (NYSE:SBSW) has earned an average rating of “Reduce” from the seven brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.98.

A number of research firms recently weighed in on SBSW. BMO Capital Markets dropped 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 report on Friday, September 13th. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. Hsbc Global Res downgraded Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, HSBC cut Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research report on Monday, November 4th.

Sibanye Stillwater Stock Performance

SBSW stock opened at $3.43 on Tuesday. Sibanye Stillwater has a 1 year low of $3.08 and a 1 year high of $5.93. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 5.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The stock’s fifty day moving average is $4.21 and its two-hundred day moving average is $4.26.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lingotto Investment Management LLP grew its holdings in Sibanye Stillwater by 1.9% during the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock worth $99,186,000 after acquiring an additional 416,399 shares during the period. Marshall Wace LLP grew its stake in shares of Sibanye Stillwater by 3,256.8% in the 2nd quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock worth $23,121,000 after purchasing an additional 5,156,931 shares during the last quarter. Bridgewater Associates LP raised its holdings in shares of Sibanye Stillwater by 10.9% in the 3rd quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock worth $13,467,000 after purchasing an additional 321,037 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Sibanye Stillwater by 30.8% during the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after purchasing an additional 699,900 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Sibanye Stillwater by 8.5% during the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock worth $6,891,000 after buying an additional 131,990 shares in 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.