Sibanye Stillwater Limited (NYSE:SBSW) Given Consensus Recommendation of “Reduce” by Analysts

Sibanye Stillwater Limited (NYSE:SBSW) has received an average rating of “Reduce” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $4.98.

Several equities research analysts have recently commented on the stock. Hsbc Global Res downgraded shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. BMO Capital Markets reduced their price objective 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. Finally, 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.

Sibanye Stillwater Stock Performance

Shares of Sibanye Stillwater stock opened at $3.24 on Tuesday. The company has a 50 day moving average price of $4.21 and a 200 day moving average price of $4.26. The firm has a market capitalization of $2.29 billion, a P/E ratio of 5.23 and a beta of 1.55. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SBSW. Creative Financial Designs Inc. ADV raised its position in shares of Sibanye Stillwater by 40.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after acquiring an additional 2,200 shares during the period. Blue Trust Inc. increased its stake in shares of Sibanye Stillwater by 1,931.5% in the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after purchasing an additional 8,885 shares in the last quarter. Blankinship & Foster LLC acquired a new position in Sibanye Stillwater in the 3rd quarter worth about $41,000. Sivia Capital Partners LLC purchased a new position in Sibanye Stillwater during the third quarter worth approximately $46,000. Finally, Signaturefd LLC increased 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 in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

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.