Sibanye Stillwater (NYSE:SBSW) Stock Price Up 5.4% – Time to Buy?

Sibanye Stillwater Limited (NYSE:SBSW)’s share price rose 5.4% during mid-day trading on Monday . The stock traded as high as $4.56 and last traded at $4.62. Approximately 2,284,008 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 6,581,145 shares. The stock had previously closed at $4.38.

Wall Street Analyst Weigh In

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

Sibanye Stillwater Price Performance

The firm has a market cap of $3.19 billion, a P/E ratio of 8.67 and a beta of 1.59. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $3.88 and its two-hundred day moving average is $4.01.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC grew its stake in Sibanye Stillwater by 6.7% during the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after purchasing an additional 3,045 shares during the period. Aire Advisors LLC increased its stake in shares of Sibanye Stillwater by 5.3% in the 4th quarter. Aire Advisors LLC now owns 61,060 shares of the company’s stock valued at $201,000 after acquiring an additional 3,060 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after acquiring an additional 3,120 shares during the period. Banco Santander S.A. lifted its position in shares of Sibanye Stillwater by 16.9% during the 4th quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock valued at $99,000 after acquiring an additional 4,344 shares during the period. Finally, United Capital Financial Advisors LLC grew its holdings in Sibanye Stillwater by 32.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company’s stock worth $65,000 after purchasing an additional 4,768 shares during the period. 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.