Sibanye Stillwater Limited (NYSE:SBSW) Receives Consensus Recommendation of “Reduce” from Brokerages

Sibanye Stillwater Limited (NYSE:SBSW) has earned a consensus recommendation of “Reduce” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $4.98.

Several research analysts have recently issued reports on the company. Hsbc Global Res cut Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target on the stock. in a research report on Monday, November 4th.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds have recently made changes to their positions in the company. Marshall Wace LLP raised its stake in Sibanye Stillwater by 3,256.8% during the 2nd quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock valued at $23,121,000 after purchasing an additional 5,156,931 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Sibanye Stillwater by 30.8% during the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after buying an additional 699,900 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Sibanye Stillwater during the third quarter valued at $2,367,000. Millennium Management LLC increased its holdings in shares of Sibanye Stillwater by 65.1% in the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after purchasing an additional 526,724 shares during the period. Finally, Anthracite Investment Company Inc. lifted its position in Sibanye Stillwater by 114.3% in the 3rd quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock worth $2,788,000 after buying an additional 361,685 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Price Performance

Shares of NYSE SBSW opened at $3.50 on Friday. Sibanye Stillwater has a 12-month low of $3.08 and a 12-month high of $5.93. The stock has a 50 day simple moving average of $3.84 and a 200-day simple moving average of $4.16. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

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.