Sibanye Stillwater (NYSE:SBSW) Shares Gap Down – Here’s Why

Sibanye Stillwater Limited (NYSE:SBSW) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.72, but opened at $4.46. Sibanye Stillwater shares last traded at $4.47, with a volume of 1,212,276 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their price objective on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Finally, BMO Capital Markets lowered their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.17.

Sibanye Stillwater Stock Down 8.5 %

The business has a fifty day moving average of $4.14 and a 200 day moving average of $4.55. The firm has a market cap of $3.06 billion, a P/E ratio of 6.15 and a beta of 1.65. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SBSW. Signaturefd LLC lifted its position in shares of Sibanye Stillwater by 24.9% in the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after buying an additional 2,241 shares during the last quarter. Fermata Advisors LLC lifted its position in shares of Sibanye Stillwater by 13.2% in the third quarter. Fermata Advisors LLC now owns 22,968 shares of the company’s stock valued at $94,000 after buying an additional 2,674 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Sibanye Stillwater by 62.6% in the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock valued at $42,000 after buying an additional 3,401 shares during the last quarter. BCGM Wealth Management LLC lifted its position in shares of Sibanye Stillwater by 2.3% in the first quarter. BCGM Wealth Management LLC now owns 367,388 shares of the company’s stock valued at $1,730,000 after buying an additional 8,246 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Sibanye Stillwater by 130.1% in the second quarter. EverSource Wealth Advisors LLC now owns 15,223 shares of the company’s stock valued at $69,000 after buying an additional 8,607 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Stillwater Company Profile

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.