Sibanye Stillwater Limited (NYSE:SBSW) Given Consensus Rating of “Reduce” by Analysts

Sibanye Stillwater Limited (NYSE:SBSW) has been given a consensus recommendation of “Reduce” by the six analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $6.00.

A number of brokerages recently issued reports on SBSW. Jefferies Financial Group lowered shares of Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Royal Bank of Canada reduced their price target on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Friday, March 1st.

Sibanye Stillwater Price Performance

Sibanye Stillwater stock opened at $5.05 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $4.79 and a two-hundred day moving average price of $4.84. Sibanye Stillwater has a 12 month low of $3.85 and a 12 month high of $8.29.

Hedge Funds Weigh In On Sibanye Stillwater

Several hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. bought a new position in shares of Sibanye Stillwater in the 3rd quarter worth about $110,000. Raymond James & Associates lifted its stake in Sibanye Stillwater by 1.4% in the fourth quarter. Raymond James & Associates now owns 1,970,811 shares of the company’s stock valued at $10,702,000 after buying an additional 27,261 shares during the period. Invesco Ltd. boosted its holdings in shares of Sibanye Stillwater by 14.8% during the 3rd quarter. Invesco Ltd. now owns 4,240,509 shares of the company’s stock worth $26,164,000 after buying an additional 547,117 shares in the last quarter. Caprock Group LLC grew its position in shares of Sibanye Stillwater by 144.7% during the 4th quarter. Caprock Group LLC now owns 29,684 shares of the company’s stock worth $161,000 after buying an additional 17,553 shares during the period. Finally, Trexquant Investment LP lifted its position in shares of Sibanye Stillwater by 2,332.6% during the 3rd quarter. Trexquant Investment LP now owns 505,369 shares of the company’s stock valued at $3,118,000 after acquiring an additional 484,594 shares during the period. Institutional investors and hedge funds own 34.93% of the company’s stock.

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.