Sibanye Stillwater (NYSE:SBSW) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Sibanye Stillwater (NYSE:SBSW) from a sector perform rating to an outperform rating in a report published on Tuesday morning, Marketbeat Ratings reports. Royal Bank of Canada currently has $5.30 price target on the stock, up from their prior price target of $4.70.

Sibanye Stillwater Trading Down 2.1 %

Shares of SBSW stock opened at $4.39 on Tuesday. The stock has a 50-day simple moving average of $3.74 and a 200 day simple moving average of $3.96. Sibanye Stillwater has a fifty-two week low of $3.05 and a fifty-two week high of $5.93. The stock has a market capitalization of $3.10 billion, a P/E ratio of 8.43 and a beta of 1.59. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Hedge Funds Weigh In On Sibanye Stillwater

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at $9,446,000. Lingotto Investment Management LLP raised its stake in shares of Sibanye Stillwater by 1.0% during the 4th 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. ABC Arbitrage SA purchased a new stake in shares of Sibanye Stillwater during the 4th quarter worth about $1,332,000. Rhumbline Advisers raised its stake in shares of Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after purchasing an additional 3,120 shares in the last quarter. Finally, Barclays PLC purchased a new stake in shares of Sibanye Stillwater during the 3rd quarter worth about $329,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Stillwater Company Profile

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.