Sibanye Stillwater (NYSE:SBSW) Cut to Hold at Hsbc Global Res

Sibanye Stillwater (NYSE:SBSW) was downgraded by research analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks.com reports.

A number of other equities research analysts have also weighed in on SBSW. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. BMO Capital Markets decreased their target price on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 13th. Finally, HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target on the stock. in a research report on Monday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, Sibanye Stillwater presently has an average rating of “Hold” and an average target price of $4.98.

Sibanye Stillwater Stock Performance

NYSE SBSW opened at $4.67 on Monday. The business’s 50 day moving average price is $4.25 and its 200-day moving average price is $4.51. 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 fifty-two week low of $3.08 and a fifty-two week high of $5.93.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BCGM Wealth Management LLC increased its holdings in Sibanye Stillwater by 60.3% in the third quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company’s stock valued at $2,549,000 after buying an additional 233,217 shares in the last quarter. Sigma Planning Corp grew its stake in Sibanye Stillwater by 10.8% in the 3rd quarter. Sigma Planning Corp now owns 93,516 shares of the company’s stock valued at $384,000 after acquiring an additional 9,100 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in Sibanye Stillwater by 40.7% in the 3rd 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. Petra Financial Advisors Inc. acquired a new position in Sibanye Stillwater during the third quarter worth $137,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Sibanye Stillwater in the third quarter valued at about $99,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

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.