Sibanye Stillwater (NYSE:SBSW) Trading Up 5.5% – What’s Next?

Sibanye Stillwater Limited (NYSE:SBSW) rose 5.5% on Monday . The company traded as high as $3.38 and last traded at $3.37. Approximately 1,676,708 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 7,075,651 shares. The stock had previously closed at $3.19.

Wall Street Analysts Forecast Growth

SBSW has been the subject of several recent research reports. 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. HSBC cut Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a report on Monday, November 4th. Finally, Royal Bank of Canada decreased their price target on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.79.

Sibanye Stillwater Price Performance

The company’s 50 day simple moving average is $3.61 and its two-hundred day simple moving average is $4.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The stock has a market capitalization of $2.29 billion, a P/E ratio of 6.23 and a beta of 1.58.

Institutional Investors Weigh In On Sibanye Stillwater

A number of hedge funds and other institutional investors have recently bought and sold shares of SBSW. Lingotto Investment Management LLP boosted its stake in Sibanye Stillwater by 1.0% in the fourth quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company’s stock worth $91,733,000 after purchasing an additional 286,195 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in Sibanye Stillwater by 28.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company’s stock worth $21,588,000 after buying an additional 1,439,882 shares in the last quarter. Invesco Ltd. grew its holdings in Sibanye Stillwater by 0.6% during the 4th quarter. Invesco Ltd. now owns 4,582,354 shares of the company’s stock worth $15,122,000 after acquiring an additional 26,400 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Sibanye Stillwater by 13.4% during the 4th quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company’s stock worth $11,138,000 after acquiring an additional 400,100 shares during the last quarter. Finally, Bridgewater Associates LP increased its position in Sibanye Stillwater by 10.9% in the 3rd 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 in the last quarter. 34.93% of the stock is 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.