Sibanye Stillwater (NYSE:SBSW) Given New $4.25 Price Target at Royal Bank of Canada

Sibanye Stillwater (NYSE:SBSW) had its price objective trimmed by Royal Bank of Canada from $6.00 to $4.25 in a report published on Thursday,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

A number of other analysts have also commented on the stock. Hsbc Global Res lowered shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. HSBC cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a report on Monday, November 4th. Finally, Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Sibanye Stillwater presently has a consensus rating of “Hold” and a consensus target price of $4.79.

Sibanye Stillwater Trading Down 0.9 %

Shares of Sibanye Stillwater stock opened at $3.95 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93. The stock has a 50 day moving average price of $3.69 and a two-hundred day moving average price of $4.04.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its stake 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 valued at $31,000 after buying an additional 2,200 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Sibanye Stillwater by 1,931.5% in the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after acquiring an additional 8,885 shares in the last quarter. Blankinship & Foster LLC purchased a new stake in shares of Sibanye Stillwater during the third quarter valued at approximately $41,000. Signaturefd LLC lifted its holdings in Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after acquiring an additional 2,241 shares during the period. Finally, Peapack Gladstone Financial Corp purchased a new position in Sibanye Stillwater in the fourth quarter worth $41,000. 34.93% of the stock is owned by institutional investors.

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.