Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – What’s Next?

Sibanye Stillwater Limited (NYSE:SBSW)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.09, but opened at $4.30. Sibanye Stillwater shares last traded at $4.26, with a volume of 2,530,560 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a “sector perform” rating to an “outperform” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.79.

Sibanye Stillwater Stock Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The company has a market cap of $3.00 billion, a PE ratio of 8.11 and a beta of 1.59. The stock’s 50-day simple moving average is $3.69 and its 200 day simple moving average is $3.95.

Hedge Funds Weigh In On Sibanye Stillwater

A number of institutional investors and hedge funds have recently made changes to their positions in SBSW. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater during the 4th quarter worth $9,446,000. Raymond James Financial Inc. acquired a new stake in Sibanye Stillwater in the 4th quarter valued at about $5,814,000. D. E. Shaw & Co. Inc. grew its stake in Sibanye Stillwater by 28.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company’s stock valued at $21,588,000 after acquiring an additional 1,439,882 shares during the last quarter. Northern Trust Corp grew its stake in Sibanye Stillwater by 1,673.5% in the 4th quarter. Northern Trust Corp now owns 1,014,294 shares of the company’s stock valued at $3,347,000 after acquiring an additional 957,103 shares during the last quarter. Finally, Trek Financial LLC purchased a new position in Sibanye Stillwater in the 4th quarter valued at about $2,803,000. 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.