Sibanye Stillwater Limited (NYSE:SBSW) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Sibanye Stillwater Limited (NYSE:SBSW) have been assigned an average recommendation of “Reduce” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.79.

SBSW has been the subject of several research reports. Hsbc Global Res downgraded Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a research report on Monday, November 4th. Royal Bank of Canada cut their price objective on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th.

Sibanye Stillwater Trading Down 1.1 %

Shares of NYSE:SBSW traded down $0.05 during trading on Thursday, hitting $3.94. 6,315,227 shares of the stock were exchanged, compared to its average volume of 6,506,833. The company has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $4.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater has a 12-month low of $3.08 and a 12-month high of $5.93.

Institutional Trading of Sibanye Stillwater

Large investors have recently added to or reduced their stakes in the stock. Lingotto Investment Management LLP lifted its holdings in Sibanye Stillwater by 1.0% in the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company’s stock worth $91,733,000 after acquiring an additional 286,195 shares during the last quarter. Invesco Ltd. grew its position in Sibanye Stillwater by 0.6% in the fourth quarter. Invesco Ltd. now owns 4,582,354 shares of the company’s stock worth $15,122,000 after buying an additional 26,400 shares during the last quarter. Bridgewater Associates LP grew its position in Sibanye Stillwater by 10.9% in the third quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock worth $13,467,000 after buying an additional 321,037 shares during the last quarter. Two Sigma Advisers LP grew its position in Sibanye Stillwater by 30.8% in the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after buying an additional 699,900 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC acquired a new position in Sibanye Stillwater in the fourth quarter worth approximately $9,446,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.