JPMorgan Chase & Co. Trims Sibanye Stillwater (NYSE:SBSW) Target Price to $6.00

Sibanye Stillwater (NYSE:SBSW) had its target price cut by stock analysts at JPMorgan Chase & Co. from $7.00 to $6.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 29.59% from the stock’s current price.

Separately, Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, Sibanye Stillwater has a consensus rating of “Hold” and a consensus target price of $5.67.

Sibanye Stillwater Stock Performance

SBSW traded up $0.37 during mid-day trading on Wednesday, hitting $4.63. The stock had a trading volume of 3,272,138 shares, compared to its average volume of 6,153,907. Sibanye Stillwater has a 1-year low of $3.85 and a 1-year high of $7.78. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $4.83 and its 200-day simple moving average is $4.83.

Hedge Funds Weigh In On Sibanye Stillwater

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lingotto Investment Management LLP boosted its holdings in Sibanye Stillwater by 28.5% during the fourth quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company’s stock worth $119,283,000 after purchasing an additional 4,865,997 shares during the last quarter. Monaco Asset Management SAM boosted its holdings in shares of Sibanye Stillwater by 167.0% during the fourth quarter. Monaco Asset Management SAM now owns 959,358 shares of the company’s stock worth $5,209,000 after acquiring an additional 600,000 shares during the period. Anthracite Investment Company Inc. bought a new stake in Sibanye Stillwater in the 4th quarter valued at $1,525,000. U S Global Investors Inc. grew its stake in shares of Sibanye Stillwater by 26.6% in the fourth quarter. U S Global Investors Inc. now owns 712,141 shares of the company’s stock valued at $3,867,000 after acquiring an additional 149,587 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in Sibanye Stillwater by 289.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 164,432 shares of the company’s stock worth $893,000 after acquiring an additional 122,260 shares during the period. 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.