Sibanye Stillwater (NYSE:SBSW) Shares Gap Up to $13.99

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $13.99, but opened at $14.51. Sibanye Stillwater shares last traded at $14.26, with a volume of 19,378 shares trading hands.

A number of research firms have issued reports on SBSW. Royal Bank of Canada reduced their target price on shares of Sibanye Stillwater from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, August 13th. Zacks Investment Research upgraded shares of Sibanye Stillwater from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sibanye Stillwater currently has an average rating of “Buy” and a consensus target price of $23.33.

The stock’s 50 day moving average price is $16.16 and its 200 day moving average price is $17.65. The company has a current ratio of 2.73, a quick ratio of 1.47 and a debt-to-equity ratio of 0.13. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 5.46 and a beta of 1.81.

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 30th. Investors of record on Friday, September 17th will be given a dividend of $0.8075 per share. This represents a yield of 8.5%. The ex-dividend date is Thursday, September 16th. This is an increase from Sibanye Stillwater’s previous semi-annual dividend of $0.69. Sibanye Stillwater’s dividend payout ratio is 53.91%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Intercontinental Wealth Advisors LLC increased its position in Sibanye Stillwater by 2.0% during the 2nd quarter. Intercontinental Wealth Advisors LLC now owns 36,211 shares of the company’s stock worth $606,000 after purchasing an additional 708 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in Sibanye Stillwater by 3.3% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 29,937 shares of the company’s stock worth $535,000 after acquiring an additional 968 shares during the period. Grandview Asset Management LLC purchased a new position in Sibanye Stillwater in the 1st quarter worth approximately $27,000. Advisory Services Network LLC boosted its holdings in Sibanye Stillwater by 9.9% in the 1st quarter. Advisory Services Network LLC now owns 11,988 shares of the company’s stock worth $214,000 after acquiring an additional 1,080 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Sibanye Stillwater by 11.0% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 12,488 shares of the company’s stock worth $223,000 after acquiring an additional 1,238 shares during the period. 6.79% of the stock is owned by hedge funds and other institutional investors.

Sibanye Stillwater Company Profile (NYSE:SBSW)

Sibanye Stillwater Ltd. engages in the provision of precious metals mining services. Its portfolio includes the platinum group metal (PGM) operations in the United States, South Africa, and Zimbabwe; gold operations and projects in South Africa; and copper, gold and PGM exploration properties in North and South America.

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