Sibanye Stillwater (NYSE:SBSW) Shares Gap Down – Should You Sell?

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $3.61, but opened at $3.52. Sibanye Stillwater shares last traded at $3.51, with a volume of 645,658 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on SBSW shares. Hsbc Global Res lowered shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a report on Monday, November 4th. Finally, BMO Capital Markets lowered their price target on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Price Performance

The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average price is $4.26 and its two-hundred day moving average price is $4.30. The stock has a market capitalization of $2.47 billion, a PE ratio of 5.63 and a beta of 1.55.

Institutional Trading of Sibanye Stillwater

Several large investors have recently added to or reduced their stakes in SBSW. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater during the 3rd quarter valued at $41,000. Pine Valley Investments Ltd Liability Co increased its position in Sibanye Stillwater by 83.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 27,136 shares of the company’s stock worth $112,000 after buying an additional 12,336 shares in the last quarter. Barclays PLC bought a new position in shares of Sibanye Stillwater in the third quarter worth about $329,000. O Brien Greene & Co. Inc purchased a new position in shares of Sibanye Stillwater during the 3rd quarter valued at about $189,000. Finally, XTX Topco Ltd grew its stake in shares of Sibanye Stillwater by 5.6% during the 3rd quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock valued at $418,000 after acquiring an additional 5,428 shares during the period. 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.