Brokerages Set Sibanye Stillwater Limited (NYSE:SBSW) Target Price at $4.98

Sibanye Stillwater Limited (NYSE:SBSW) has been assigned a consensus rating of “Reduce” from the seven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $4.98.

SBSW has been the subject of a number of analyst reports. HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a research note on Monday, November 4th. Hsbc Global Res lowered shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th.

Sibanye Stillwater Stock Up 2.1 %

Sibanye Stillwater stock opened at $3.65 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The firm has a 50-day moving average price of $3.78 and a two-hundred day moving average price of $4.13. Sibanye Stillwater has a 52-week low of $3.08 and a 52-week high of $5.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV grew its position in Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after acquiring an additional 2,200 shares in the last quarter. Blue Trust Inc. grew its position in Sibanye Stillwater by 1,931.5% in the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after acquiring an additional 8,885 shares in the last quarter. Blankinship & Foster LLC bought a new stake in Sibanye Stillwater in the third quarter worth approximately $41,000. Signaturefd LLC grew its position in 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 acquiring an additional 2,241 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Sibanye Stillwater in the third quarter worth approximately $46,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

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.