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

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $3.75, but opened at $3.92. Sibanye Stillwater shares last traded at $4.06, with a volume of 1,475,731 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their price target on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.79.

Sibanye Stillwater Trading Up 7.6 %

The stock has a fifty day moving average of $3.62 and a 200 day moving average of $3.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The company has a market capitalization of $2.86 billion, a P/E ratio of 7.76 and a beta of 1.59.

Hedge Funds Weigh In On Sibanye Stillwater

A number of hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in Sibanye Stillwater in the 4th quarter worth $25,000. Ameriprise Financial Inc. purchased a new stake in Sibanye Stillwater during the 4th quarter valued at approximately $35,000. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater during the third quarter valued at approximately $41,000. Peapack Gladstone Financial Corp bought a new position in shares of Sibanye Stillwater during the fourth quarter worth $41,000. Finally, Rhumbline Advisers increased its holdings in Sibanye Stillwater by 32.3% in 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 last quarter. 34.93% of the stock is currently 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.