Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – Time to Buy?

Sibanye Stillwater Limited (NYSE:SBSW)’s share price gapped up prior to trading on Monday . The stock had previously closed at $3.89, but opened at $4.15. Sibanye Stillwater shares last traded at $4.22, with a volume of 1,598,285 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SBSW shares. HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research report on Monday, November 4th. Hsbc Global Res cut shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. BMO Capital Markets decreased 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 report on Friday, September 13th. Finally, Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Stock Up 2.0 %

The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average is $4.36 and its 200 day moving average is $4.36.

Institutional Trading of Sibanye Stillwater

A number of institutional investors have recently added to or reduced their stakes in the business. Lingotto Investment Management LLP lifted its stake in Sibanye Stillwater by 1.9% in the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock valued at $99,186,000 after acquiring an additional 416,399 shares during the last quarter. Marshall Wace LLP lifted its stake in Sibanye Stillwater by 3,256.8% in the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock valued at $23,121,000 after acquiring an additional 5,156,931 shares during the last quarter. Bridgewater Associates LP lifted its stake in Sibanye Stillwater by 10.9% in the third quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock valued at $13,467,000 after acquiring an additional 321,037 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Sibanye Stillwater by 30.8% in the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after acquiring an additional 699,900 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Sibanye Stillwater by 8.5% in the third quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock valued at $6,891,000 after acquiring an additional 131,990 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.