Sibanye Stillwater (NYSE:SBSW) Cut to Hold at HSBC

HSBC lowered shares of Sibanye Stillwater (NYSE:SBSW) from a buy rating to a hold rating in a report published on Monday morning, Marketbeat Ratings reports. The brokerage currently has $4.40 price target on the stock.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets reduced their target price 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 downgraded 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 five have given a hold rating to the stock. According to data from MarketBeat.com, Sibanye Stillwater has an average rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Stock Down 3.9 %

Sibanye Stillwater stock opened at $4.67 on Monday. The stock has a fifty day moving average price of $4.25 and a 200 day moving average price of $4.51. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93.

Hedge Funds Weigh In On Sibanye Stillwater

A number of institutional investors have recently added to or reduced their stakes in SBSW. Creative Financial Designs Inc. ADV grew its stake in shares of Sibanye Stillwater by 40.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after acquiring an additional 2,200 shares in the last quarter. Signaturefd LLC grew its stake in Sibanye Stillwater by 24.9% during the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after purchasing an additional 2,241 shares in the last quarter. Fermata Advisors LLC increased its holdings in Sibanye Stillwater by 13.2% during the 3rd 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. BCGM Wealth Management LLC raised its position in shares of Sibanye Stillwater by 2.3% in the 1st quarter. BCGM Wealth Management LLC now owns 367,388 shares of the company’s stock valued at $1,730,000 after purchasing an additional 8,246 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Sibanye Stillwater by 130.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 15,223 shares of the company’s stock valued at $69,000 after buying an additional 8,607 shares during the last quarter. Institutional investors and hedge funds 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.