Sibanye Stillwater Limited (NYSE:SBSW – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $4.62, but opened at $4.78. Sibanye Stillwater shares last traded at $4.76, with a volume of 806,940 shares trading hands.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on SBSW. Jefferies Financial Group cut Sibanye Stillwater from a “buy” rating to a “sell” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. reduced their target price on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, Sibanye Stillwater presently has a consensus rating of “Hold” and a consensus target price of $5.67.
Get Our Latest Stock Analysis on SBSW
Sibanye Stillwater Stock Up 3.7 %
Hedge Funds Weigh In On Sibanye Stillwater
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBSW. Scarborough Advisors LLC purchased a new stake in shares of Sibanye Stillwater during the 4th quarter valued at $28,000. GAMMA Investing LLC bought a new stake in shares of Sibanye Stillwater in the 4th quarter valued at about $30,000. Gunderson Capital Management Inc. purchased a new stake in Sibanye Stillwater during the 4th quarter valued at about $54,000. Peapack Gladstone Financial Corp bought a new stake in Sibanye Stillwater in the fourth quarter valued at approximately $56,000. Finally, Vanguard Capital Wealth Advisors purchased a new stake in shares of Sibanye Stillwater during the first quarter valued at approximately $50,000. 34.93% of the stock is currently 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.
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