Sibanye Stillwater Limited (NYSE:SBSW) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Sibanye Stillwater Limited (NYSE:SBSW) have been assigned an average recommendation of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $4.98.

A number of equities analysts recently commented on SBSW shares. BMO Capital Markets decreased 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. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a research note on Monday, November 4th.

Sibanye Stillwater Stock Down 0.5 %

SBSW stock opened at $4.02 on Friday. Sibanye Stillwater has a one year low of $3.08 and a one year high of $5.93. The firm has a 50-day moving average of $4.39 and a two-hundred day moving average of $4.45. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Institutional Trading of Sibanye Stillwater

Several hedge funds and other institutional investors have recently modified their holdings of SBSW. Creative Financial Designs Inc. ADV grew its stake in Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after purchasing an additional 2,200 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Sibanye Stillwater by 1,931.5% in the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after buying an additional 8,885 shares in the last quarter. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $41,000. Signaturefd LLC increased its holdings in Sibanye Stillwater by 24.9% in the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after buying an additional 2,241 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Sibanye Stillwater in the third quarter valued at approximately $46,000. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

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.