Sibanye Stillwater (NYSE:SBSW) Shares Gap Down – Here’s Why

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $4.22, but opened at $4.06. Sibanye Stillwater shares last traded at $4.06, with a volume of 192,546 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SBSW. BMO Capital Markets cut their target price 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. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Hsbc Global Res lowered shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target for the company. in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.98.

Sibanye Stillwater Stock Performance

The firm has a 50-day moving average of $4.40 and a two-hundred day moving average of $4.46. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SBSW. Creative Financial Designs Inc. ADV raised its stake in shares of Sibanye Stillwater by 40.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after acquiring an additional 2,200 shares during the period. Blue Trust Inc. raised its position in Sibanye Stillwater by 1,931.5% in the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after purchasing an additional 8,885 shares during the period. Blankinship & Foster LLC acquired a new position in shares of Sibanye Stillwater during the third quarter worth about $41,000. Signaturefd LLC boosted its position in shares of 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 period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Sibanye Stillwater during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.