Sibanye Stillwater (NYSE:SBSW) Shares Gap Down to $5.66

Sibanye Stillwater Limited (NYSE:SBSW)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.66, but opened at $5.51. Sibanye Stillwater shares last traded at $5.47, with a volume of 978,473 shares changing hands.

Analyst Ratings Changes

Several brokerages have commented on SBSW. Jefferies Financial Group downgraded shares of Sibanye Stillwater from a “buy” rating to a “sell” rating in a report on Wednesday, March 13th. Royal Bank of Canada dropped their price objective on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Sibanye Stillwater currently has an average rating of “Hold” and a consensus price target of $6.00.

Sibanye Stillwater Stock Performance

The business’s 50-day moving average is $4.96 and its 200 day moving average is $4.85. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.70 and a quick ratio of 0.97.

Hedge Funds Weigh In On Sibanye Stillwater

A number of hedge funds have recently modified their holdings of SBSW. Scarborough Advisors LLC purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at about $28,000. GAMMA Investing LLC bought a new stake in Sibanye Stillwater during the fourth quarter worth about $30,000. Vanguard Capital Wealth Advisors bought a new stake in Sibanye Stillwater during the first quarter worth about $50,000. Fermata Advisors LLC bought a new stake in Sibanye Stillwater during the first quarter worth about $52,000. Finally, Gunderson Capital Management Inc. bought a new stake in Sibanye Stillwater during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.