Sibanye Stillwater (NYSE:SBSW) Trading 5.7% Higher

Sibanye Stillwater Limited (NYSE:SBSW)’s share price was up 5.7% during trading on Wednesday . The stock traded as high as $4.63 and last traded at $4.63. Approximately 1,253,078 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 5,925,227 shares. The stock had previously closed at $4.38.

Analyst Ratings Changes

A number of research firms have recently weighed in on SBSW. BMO Capital Markets dropped their price objective on 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. JPMorgan Chase & Co. dropped their price target on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.17.

Sibanye Stillwater Stock Up 5.3 %

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 stock has a 50-day moving average price of $4.11 and a two-hundred day moving average price of $4.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cantor Fitzgerald L. P. bought a new stake in Sibanye Stillwater during the fourth quarter worth approximately $82,000. Quantbot Technologies LP increased its position in shares of Sibanye Stillwater by 153.7% during the 1st quarter. Quantbot Technologies LP now owns 104,173 shares of the company’s stock valued at $491,000 after purchasing an additional 63,111 shares during the last quarter. Fermata Advisors LLC purchased a new stake in Sibanye Stillwater during the 1st quarter valued at $52,000. Virtu Financial LLC bought a new stake in Sibanye Stillwater in the first quarter worth $84,000. Finally, Cubist Systematic Strategies LLC boosted its stake in Sibanye Stillwater by 53.2% during the second quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock worth $4,385,000 after buying an additional 349,835 shares during the period. 34.93% of the stock is owned by hedge funds and other 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.