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

Shares of Sibanye Stillwater Limited (NYSE:SBSW) gapped down before the market opened on Monday . The stock had previously closed at $3.61, but opened at $3.52. Sibanye Stillwater shares last traded at $3.51, with a volume of 645,658 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on SBSW. BMO Capital Markets reduced their target price on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Friday, September 13th. Investec downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research report on Monday, November 4th. Finally, Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $4.98.

Sibanye Stillwater Price Performance

The company has a market capitalization of $2.48 billion, a PE ratio of 5.65 and a beta of 1.56. 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 fifty day simple moving average of $4.25 and a 200-day simple moving average of $4.28.

Institutional Trading of Sibanye Stillwater

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBSW. Creative Financial Designs Inc. ADV lifted its position in Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after acquiring an additional 2,200 shares during the last quarter. Blue Trust Inc. increased its position in Sibanye Stillwater by 1,931.5% during the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after buying an additional 8,885 shares during the period. Blankinship & Foster LLC purchased a new stake in Sibanye Stillwater in the third quarter valued at approximately $41,000. Sivia Capital Partners LLC acquired a new stake in shares of Sibanye Stillwater in the third quarter valued at approximately $46,000. Finally, Signaturefd LLC increased its holdings in shares of Sibanye Stillwater by 24.9% in the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after acquiring an additional 2,241 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.