Sibanye Stillwater (NYSE:SBSW) Trading 7.1% Higher – Time to Buy?

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price rose 7.1% during trading on Friday . The company traded as high as $4.38 and last traded at $4.36. Approximately 3,340,964 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 5,945,848 shares. The stock had previously closed at $4.07.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SBSW shares. BMO Capital Markets dropped their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Friday, September 13th. Investec cut Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.17.

Sibanye Stillwater Stock Performance

The stock’s fifty day moving average price is $4.13 and its 200 day moving average price is $4.56. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Marshall Wace LLP grew its holdings in shares of Sibanye Stillwater by 3,256.8% in the second 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. Millennium Management LLC increased its position in shares of Sibanye Stillwater by 65.1% in the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after acquiring an additional 526,724 shares during the period. Lingotto Investment Management LLP raised its stake in shares of Sibanye Stillwater by 1.9% during the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock valued at $99,186,000 after acquiring an additional 416,399 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Sibanye Stillwater by 53.2% during the second quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock worth $4,385,000 after purchasing an additional 349,835 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of Sibanye Stillwater by 685.5% in the second quarter. Headlands Technologies LLC now owns 375,660 shares of the company’s stock worth $1,634,000 after purchasing an additional 327,837 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.