Sibanye Stillwater (NYSE:SBSW) Reaches New 1-Year Low – Should You Sell?

Sibanye Stillwater Limited (NYSE:SBSW) hit a new 52-week low on Friday . The stock traded as low as $3.05 and last traded at $3.10, with a volume of 2468240 shares traded. The stock had previously closed at $3.20.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a research report on Monday, November 4th. Finally, Royal Bank of Canada reduced their target price on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, Sibanye Stillwater has an average rating of “Hold” and a consensus target price of $4.79.

Sibanye Stillwater Trading Up 0.2 %

The business has a 50 day simple moving average of $3.62 and a two-hundred day simple moving average of $4.00. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 6.16 and a beta of 1.58. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Institutional Trading of Sibanye Stillwater

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goehring & Rozencwajg Associates LLC bought a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $9,446,000. Raymond James Financial Inc. acquired a new position in Sibanye Stillwater during the 4th quarter valued at approximately $5,814,000. D. E. Shaw & Co. Inc. grew its stake in Sibanye Stillwater by 28.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company’s stock worth $21,588,000 after buying an additional 1,439,882 shares during the last quarter. Northern Trust Corp increased its position in Sibanye Stillwater by 1,673.5% in the fourth quarter. Northern Trust Corp now owns 1,014,294 shares of the company’s stock worth $3,347,000 after buying an additional 957,103 shares during the period. Finally, Trek Financial LLC bought a new stake in Sibanye Stillwater in the fourth quarter valued at $2,803,000. 34.93% of the stock is owned by 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.