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

Sibanye Stillwater Limited (NYSE:SBSW) has earned a consensus recommendation of “Reduce” from the six analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $5.67.

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd.

Institutional Trading of Sibanye Stillwater

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates increased its holdings in shares of 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 in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Sibanye Stillwater during the fourth quarter valued at $69,000. Caprock Group LLC boosted its position in shares of Sibanye Stillwater by 144.7% in the 4th quarter. Caprock Group LLC now owns 29,684 shares of the company’s stock valued at $161,000 after purchasing an additional 17,553 shares during the period. SFG Wealth Management LLC. purchased a new position in Sibanye Stillwater in the 4th quarter worth about $92,000. Finally, U S Global Investors Inc. raised its holdings in Sibanye Stillwater by 26.6% during the 4th quarter. U S Global Investors Inc. now owns 712,141 shares of the company’s stock worth $3,867,000 after buying an additional 149,587 shares during the period. 34.93% of the stock is currently owned by institutional investors.

Sibanye Stillwater Stock Performance

Sibanye Stillwater stock opened at $4.20 on Friday. Sibanye Stillwater has a 52 week low of $3.85 and a 52 week high of $7.03. The company’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $4.71. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97.

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.