Sibanye Stillwater (NYSE:SBSW) Price Target Cut to $4.50

Sibanye Stillwater (NYSE:SBSW) had its target price lowered by BMO Capital Markets from $5.00 to $4.50 in a research report released on Friday morning, Benzinga reports. The firm currently has a market perform rating on the stock.

Separately, JPMorgan Chase & Co. reduced their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a neutral rating on the stock in a report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $5.17.

Sibanye Stillwater Trading Up 4.9 %

Shares of SBSW opened at $4.21 on Friday. Sibanye Stillwater has a 1 year low of $3.08 and a 1 year high of $6.99. The company has a quick ratio of 0.97, a current ratio of 1.70 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $4.20 and a two-hundred day simple moving average of $4.60.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SBSW. Vanguard Personalized Indexing Management LLC raised its stake in shares of Sibanye Stillwater by 15.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 47,304 shares of the company’s stock valued at $257,000 after acquiring an additional 6,243 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Sibanye Stillwater by 36.9% in the 4th quarter. Quadrant Capital Group LLC now owns 16,701 shares of the company’s stock worth $91,000 after buying an additional 4,500 shares during the period. BCGM Wealth Management LLC grew its position in shares of Sibanye Stillwater by 21.7% in the 4th quarter. BCGM Wealth Management LLC now owns 359,142 shares of the company’s stock worth $1,950,000 after buying an additional 64,148 shares during the last quarter. Anthracite Investment Company Inc. purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $1,525,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Sibanye Stillwater by 545.5% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 143,193 shares of the company’s stock valued at $778,000 after acquiring an additional 121,009 shares in the last quarter. 34.93% of the stock is owned by hedge funds and other 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.