Sibanye Stillwater (NYSE:SBSW) Shares Gap Up to $5.20

Sibanye Stillwater Limited (NYSE:SBSW) gapped up before the market opened on Wednesday . The stock had previously closed at $5.20, but opened at $5.43. Sibanye Stillwater shares last traded at $5.42, with a volume of 4,683,579 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently commented on SBSW. Royal Bank of Canada lowered their price objective on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating on the stock in a report on Friday, March 1st. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Sibanye Stillwater Trading Up 3.7 %

The stock has a fifty day simple moving average of $4.62 and a 200-day simple moving average of $4.92. The company has a quick ratio of 0.97, a current ratio of 1.70 and a debt-to-equity ratio of 0.49.

Institutional Trading of Sibanye Stillwater

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBSW. QRG Capital Management Inc. bought a new stake in shares of Sibanye Stillwater in the 3rd quarter worth approximately $110,000. Raymond James & Associates lifted its position in shares of Sibanye Stillwater by 1.4% in the 4th quarter. Raymond James & Associates now owns 1,970,811 shares of the company’s stock worth $10,702,000 after acquiring an additional 27,261 shares during the period. Invesco Ltd. lifted its position in shares of Sibanye Stillwater by 14.8% during the 3rd quarter. Invesco Ltd. now owns 4,240,509 shares of the company’s stock worth $26,164,000 after buying an additional 547,117 shares during the period. Caprock Group LLC lifted its position in shares of Sibanye Stillwater by 144.7% during the 4th quarter. Caprock Group LLC now owns 29,684 shares of the company’s stock worth $161,000 after buying an additional 17,553 shares during the period. Finally, Trexquant Investment LP lifted its position in shares of Sibanye Stillwater by 2,332.6% during the 3rd quarter. Trexquant Investment LP now owns 505,369 shares of the company’s stock worth $3,118,000 after buying an additional 484,594 shares during the period. Institutional investors and hedge funds own 34.93% of the company’s stock.

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.