Sibanye Stillwater (NYSE:SBSW) Shares Down 7.6% – What’s Next?

Sibanye Stillwater Limited (NYSE:SBSW) shares dropped 7.6% during trading on Monday . The company traded as low as $4.24 and last traded at $4.25. Approximately 2,676,968 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 6,118,286 shares. The stock had previously closed at $4.60.

Wall Street Analyst Weigh In

SBSW has been the subject of several research analyst reports. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. BMO Capital Markets decreased their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a report on Friday, September 13th. HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a research note on Monday, November 4th. Finally, Investec downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.98.

Sibanye Stillwater Price Performance

The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average of $4.31 and a two-hundred day moving average of $4.50.

Institutional Investors Weigh In On Sibanye Stillwater

A number of large investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its position in Sibanye Stillwater by 40.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after purchasing an additional 2,200 shares during the period. Blue Trust Inc. boosted its stake in shares of Sibanye Stillwater by 1,931.5% during the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after purchasing an additional 8,885 shares in the last quarter. Signaturefd LLC increased its position in shares of Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after buying an additional 2,241 shares during the period. Sivia Capital Partners LLC bought a new position in Sibanye Stillwater in the third quarter worth about $46,000. Finally, Pine Valley Investments Ltd Liability Co purchased a new stake in Sibanye Stillwater in the second quarter worth about $64,000. 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.