Sibanye Stillwater (NYSE:SBSW) Shares Gap Down – Here’s Why

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $3.73, but opened at $3.55. Sibanye Stillwater shares last traded at $3.51, with a volume of 2,208,427 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SBSW shares. 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. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective on the stock. in a report on Monday, November 4th. Finally, Royal Bank of Canada dropped their target price on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, Sibanye Stillwater has a consensus rating of “Hold” and an average price target of $4.79.

Sibanye Stillwater Stock Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The company has a fifty day simple moving average of $3.65 and a two-hundred day simple moving average of $4.02.

Hedge Funds Weigh In On Sibanye Stillwater

Several hedge funds and other institutional investors have recently made changes to their positions in SBSW. Creative Financial Designs Inc. ADV increased its holdings in shares of Sibanye Stillwater by 40.7% during 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 during the last quarter. Signaturefd LLC increased its stake in shares of Sibanye Stillwater by 24.9% in 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 during the last quarter. HighTower Advisors LLC raised its stake in Sibanye Stillwater by 6.7% during the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after acquiring an additional 3,045 shares in the last quarter. Aire Advisors LLC lifted its stake in Sibanye Stillwater by 5.3% in the 4th quarter. Aire Advisors LLC now owns 61,060 shares of the company’s stock valued at $201,000 after purchasing an additional 3,060 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after acquiring an additional 3,120 shares during the last quarter. 34.93% of the stock is owned by institutional investors.

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.