Shares of Sibanye Stillwater Limited (NYSE:SBSW – Get Free Report) 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.
Read Our Latest Research Report on Sibanye Stillwater
Sibanye Stillwater Stock Performance
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.
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