Sibanye Stillwater (NYSE:SBSW) Stock Rating Lowered by HSBC

HSBC downgraded shares of Sibanye Stillwater (NYSE:SBSW) from a buy rating to a hold rating in a research report released on Monday, MarketBeat Ratings reports. They currently have $4.40 target price on the stock.

Several other analysts have also recently weighed in on the company. 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 report on Friday, September 13th. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, Sibanye Stillwater presently has a consensus rating of “Hold” and a consensus target price of $4.98.

Sibanye Stillwater Stock Down 2.4 %

NYSE SBSW opened at $4.53 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93. The stock has a fifty day moving average of $4.24 and a 200-day moving average of $4.51.

Institutional Trading of Sibanye Stillwater

A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in Sibanye Stillwater by 125.0% in the second quarter. Renaissance Technologies LLC now owns 436,935 shares of the company’s stock valued at $1,901,000 after purchasing an additional 242,735 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Sibanye Stillwater by 153.7% in the 1st quarter. Quantbot Technologies LP now owns 104,173 shares of the company’s stock valued at $491,000 after buying an additional 63,111 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Sibanye Stillwater during the 2nd quarter worth $905,000. Virtu Financial LLC bought a new position in Sibanye Stillwater during the first quarter worth about $84,000. Finally, Cubist Systematic Strategies LLC grew its stake in Sibanye Stillwater by 53.2% in the second quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock valued at $4,385,000 after acquiring an additional 349,835 shares during the period. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.