Sibanye Stillwater (NYSE:SBSW) Shares Gap Up to $5.20

Sibanye Stillwater Limited (NYSE:SBSW)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $5.20, but opened at $5.43. Sibanye Stillwater shares last traded at $5.42, with a volume of 4,683,579 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SBSW. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Royal Bank of Canada decreased their target price on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.00.

Sibanye Stillwater Trading Up 3.7 %

The business has a 50 day moving average price of $4.62 and a two-hundred day moving average price of $4.92. The company has a quick ratio of 0.97, a current ratio of 1.70 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On Sibanye Stillwater

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Capital Wealth Advisors purchased a new position in shares of Sibanye Stillwater in the 1st quarter worth approximately $50,000. DGS Capital Management LLC purchased a new position in Sibanye Stillwater in the first quarter valued at approximately $200,000. Fermata Advisors LLC purchased a new position in Sibanye Stillwater in the first quarter valued at approximately $52,000. GAMMA Investing LLC lifted its stake in Sibanye Stillwater by 62.6% in the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock valued at $42,000 after purchasing an additional 3,401 shares during the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Sibanye Stillwater in the fourth quarter valued at approximately $223,000. Hedge funds and other institutional investors 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.