Sibanye Stillwater (NYSE:SBSW) Shares Gap Down – Here’s What Happened

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $4.22, but opened at $4.06. Sibanye Stillwater shares last traded at $4.06, with a volume of 192,546 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SBSW shares. Hsbc Global Res lowered shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. HSBC cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research note on Monday, November 4th. Investec downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, BMO Capital Markets dropped their target price on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, Sibanye Stillwater currently has an average rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Stock Down 0.9 %

The firm has a 50 day moving average price of $4.39 and a 200 day moving average price of $4.45. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Institutional Investors Weigh In On Sibanye Stillwater

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its stake 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 purchasing an additional 2,200 shares in the last quarter. Blue Trust Inc. grew its position in shares of Sibanye Stillwater by 1,931.5% during the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after purchasing an additional 8,885 shares in the last quarter. Blankinship & Foster LLC bought a new stake in Sibanye Stillwater during the 3rd quarter valued at approximately $41,000. Sivia Capital Partners LLC purchased a new position in Sibanye Stillwater in the 3rd quarter worth approximately $46,000. Finally, Signaturefd LLC grew its holdings in Sibanye Stillwater by 24.9% during the 3rd 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 hedge funds and other institutional investors.

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.