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

Sibanye Stillwater Limited (NYSE:SBSW) gapped up before the market opened on Friday . The stock had previously closed at $3.66, but opened at $3.80. Sibanye Stillwater shares last traded at $3.80, with a volume of 886,164 shares changing hands.

Analysts Set New Price Targets

SBSW has been the subject of a number of analyst reports. HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a research note on Monday, November 4th. Hsbc Global Res cut shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Investec downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.98.

Sibanye Stillwater Price Performance

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 business has a 50 day moving average of $3.77 and a two-hundred day moving average of $4.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SBSW. Creative Financial Designs Inc. ADV increased its holdings in shares of Sibanye Stillwater by 40.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after buying an additional 2,200 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 buying an additional 8,885 shares during the last quarter. Blankinship & Foster LLC purchased a new stake in Sibanye Stillwater during the 3rd quarter valued at approximately $41,000. Signaturefd LLC increased its stake in shares of 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, Sivia Capital Partners LLC acquired a new position in Sibanye Stillwater during the third quarter worth about $46,000. 34.93% of the stock is owned by hedge funds and other 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.