Sibanye Stillwater (NYSE:SBSW) Rating Lowered to Hold at HSBC

Sibanye Stillwater (NYSE:SBSW) was downgraded by research analysts at HSBC from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $4.40 target price on the stock. HSBC’s price objective suggests a potential downside of 9.47% from the company’s previous close.

SBSW has been the subject of several other reports. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. BMO Capital Markets decreased their price target on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.98.

Sibanye Stillwater Price Performance

Sibanye Stillwater stock opened at $4.86 on Monday. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The stock has a 50 day moving average of $4.24 and a 200-day moving average of $4.51.

Hedge Funds Weigh In On Sibanye Stillwater

A number of hedge funds and other institutional investors have recently bought and sold shares of SBSW. Sigma Planning Corp raised its position in shares of Sibanye Stillwater by 10.8% during the 3rd quarter. Sigma Planning Corp now owns 93,516 shares of the company’s stock worth $384,000 after purchasing an additional 9,100 shares during the period. Creative Financial Designs Inc. ADV grew its stake in Sibanye Stillwater by 40.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after buying an additional 2,200 shares during the last quarter. Petra Financial Advisors Inc. acquired a new stake in Sibanye Stillwater in the third quarter worth $137,000. International Assets Investment Management LLC bought a new stake in Sibanye Stillwater in the third quarter valued at $99,000. Finally, Signaturefd LLC grew its position in shares of Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after acquiring an additional 2,241 shares during the last quarter. 34.93% of the stock is currently 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.