Sibanye Stillwater (NYSE:SBSW) Shares Gap Down on Analyst Downgrade

Sibanye Stillwater Limited (NYSE:SBSW) gapped down before the market opened on Thursday after Royal Bank of Canada lowered their price target on the stock from $6.00 to $4.25. The stock had previously closed at $3.98, but opened at $3.80. Royal Bank of Canada currently has a sector perform rating on the stock. Sibanye Stillwater shares last traded at $3.76, with a volume of 2,074,519 shares.

Other equities analysts also recently issued reports about the company. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. Hsbc Global Res cut Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a report on Monday, November 4th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.79.

Institutional Trading of Sibanye Stillwater

A number of institutional investors have recently bought and sold shares of SBSW. CenterBook Partners LP acquired a new position in shares of Sibanye Stillwater during the 4th quarter worth $903,000. Raymond James Financial Inc. acquired a new stake in Sibanye Stillwater in the 4th quarter valued at about $5,814,000. Invesco Ltd. increased its holdings in Sibanye Stillwater by 0.6% during the 4th quarter. Invesco Ltd. now owns 4,582,354 shares of the company’s stock valued at $15,122,000 after acquiring an additional 26,400 shares in the last quarter. Bank of Montreal Can raised its position in Sibanye Stillwater by 398.2% during the fourth quarter. Bank of Montreal Can now owns 131,139 shares of the company’s stock worth $433,000 after acquiring an additional 104,815 shares during the last quarter. Finally, Trek Financial LLC purchased a new stake in shares of Sibanye Stillwater in the fourth quarter valued at about $2,803,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Sibanye Stillwater Trading Down 2.1 %

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’s 50-day moving average price is $3.69 and its 200 day moving average price is $4.05.

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.