Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – Time to Buy?

Sibanye Stillwater Limited (NYSE:SBSW) gapped up before the market opened on Friday . The stock had previously closed at $4.35, but opened at $4.48. Sibanye Stillwater shares last traded at $4.51, with a volume of 1,937,457 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $4.70 to $5.30 in a research note on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.05.

Sibanye Stillwater Trading Up 1.5 %

The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average price is $3.82 and its 200 day moving average price is $3.99. The stock has a market cap of $3.12 billion, a P/E ratio of 8.49 and a beta of 1.59.

Institutional Investors Weigh In On Sibanye Stillwater

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

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.