Sibanye Stillwater Limited (NYSE:SBSW – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 16,910,000 shares, a decline of 18.8% from the August 15th total of 20,820,000 shares. Based on an average daily volume of 5,290,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.4% of the shares of the company are sold short.
Wall Street Analyst Weigh In
SBSW has been the subject of a number of research reports. JPMorgan Chase & Co. cut 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. BMO Capital Markets reduced their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a report on Friday. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.17.
Institutional Investors Weigh In On Sibanye Stillwater
Sibanye Stillwater Trading Up 7.5 %
Shares of NYSE:SBSW opened at $4.01 on Monday. Sibanye Stillwater has a 12-month low of $3.08 and a 12-month high of $6.99. The company’s 50 day moving average price is $4.21 and its two-hundred day moving average price is $4.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.70.
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.
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