Sibanye Stillwater (NYSE:SBSW) Trading Down 7.3% – Should You Sell?

Sibanye Stillwater Limited (NYSE:SBSW)’s share price dropped 7.3% during trading on Thursday . The company traded as low as $3.44 and last traded at $3.36. Approximately 3,341,101 shares changed hands during trading, a decline of 32% from the average daily volume of 4,938,896 shares. The stock had previously closed at $3.62.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SBSW shares. Investec downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Hsbc Global Res cut shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target on the stock. in a report on Monday, November 4th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.98.

Sibanye Stillwater Stock Performance

The firm’s 50 day moving average price is $3.86 and its 200-day moving average price is $4.16. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

Institutional Inflows and Outflows

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