Analysts Set Sibanye Stillwater Limited (NYSE:SBSW) Target Price at $4.98

Sibanye Stillwater Limited (NYSE:SBSW) has received an average recommendation of “Reduce” from the seven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $4.98.

A number of research analysts have recently commented on the stock. Investec downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. Hsbc Global Res downgraded shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. BMO Capital Markets dropped their price objective on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday, September 13th. Finally, HSBC cut 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.

Sibanye Stillwater Trading Up 2.5 %

Shares of SBSW stock opened at $4.25 on Friday. The firm has a 50-day moving average price of $4.39 and a 200 day moving average price of $4.41. Sibanye Stillwater has a twelve month low of $3.08 and a twelve month high of $5.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Hedge Funds Weigh In On Sibanye Stillwater

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its holdings in Sibanye Stillwater by 125.0% in the 2nd quarter. Renaissance Technologies LLC now owns 436,935 shares of the company’s stock worth $1,901,000 after acquiring an additional 242,735 shares during the period. BCGM Wealth Management LLC raised its position in shares of Sibanye Stillwater by 60.3% in the 3rd quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company’s stock valued at $2,549,000 after purchasing an additional 233,217 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Sibanye Stillwater in the 2nd quarter valued at approximately $905,000. Anthracite Investment Company Inc. raised its position in shares of Sibanye Stillwater by 114.3% during the 3rd quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock valued at $2,788,000 after acquiring an additional 361,685 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Sibanye Stillwater during the 1st quarter valued at approximately $84,000. Hedge funds and other institutional investors 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.