Sibanye Stillwater (NYSE:SBSW) Rating Lowered to Hold at Investec

Investec cut shares of Sibanye Stillwater (NYSE:SBSW) from a buy rating to a hold rating in a report issued on Friday, MarketBeat Ratings reports.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets cut their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. dropped their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.17.

Sibanye Stillwater Stock Performance

Shares of Sibanye Stillwater stock opened at $4.44 on Friday. The business has a fifty day simple moving average of $4.13 and a 200-day simple moving average of $4.56. Sibanye Stillwater has a fifty-two week low of $3.08 and a fifty-two week high of $5.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

Hedge Funds Weigh In On Sibanye Stillwater

A number of hedge funds and other institutional investors have recently modified their holdings of SBSW. Blue Trust Inc. raised its holdings in 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 buying an additional 8,885 shares during the period. GAMMA Investing LLC raised its holdings in shares of Sibanye Stillwater by 62.6% during the first quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock valued at $42,000 after acquiring an additional 3,401 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Sibanye Stillwater during the third quarter valued at approximately $46,000. Vanguard Capital Wealth Advisors purchased a new stake in shares of Sibanye Stillwater in the 1st quarter valued at approximately $50,000. Finally, Fermata Advisors LLC acquired a new position in Sibanye Stillwater in the 1st quarter worth approximately $52,000. 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.