Sibanye Stillwater (NYSE:SBSW) Shares Gap Up to $4.11

Shares of Sibanye Stillwater Limited (NYSE:SBSW) gapped up before the market opened on Tuesday . The stock had previously closed at $4.11, but opened at $4.35. Sibanye Stillwater shares last traded at $4.35, with a volume of 813,374 shares trading hands.

Analysts Set New Price Targets

SBSW has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. BMO Capital Markets dropped their price target 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. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.17.

Sibanye Stillwater Stock Performance

The business has a 50 day simple moving average of $4.12 and a two-hundred day simple moving average of $4.59. 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

Hedge funds have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC bought a new position in Sibanye Stillwater in the fourth quarter worth approximately $28,000. GAMMA Investing LLC raised its position in shares of Sibanye Stillwater by 62.6% in the 1st quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock worth $42,000 after acquiring an additional 3,401 shares in the last quarter. Vanguard Capital Wealth Advisors purchased a new stake in shares of Sibanye Stillwater during the 1st quarter worth $50,000. Fermata Advisors LLC bought a new stake in Sibanye Stillwater during the first quarter valued at about $52,000. Finally, Peapack Gladstone Financial Corp purchased a new position in Sibanye Stillwater in the fourth quarter valued at about $56,000. 34.93% of the stock is currently 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.