Shares of Sibanye Stillwater Limited (NYSE:SBSW – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $3.39, but opened at $3.53. Sibanye Stillwater shares last traded at $3.57, with a volume of 2,575,709 shares.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. cut their price target on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, Sibanye Stillwater currently has an average rating of “Hold” and a consensus price target of $5.67.
View Our Latest Stock Analysis on SBSW
Sibanye Stillwater Stock Up 6.2 %
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Scarborough Advisors LLC acquired a new position in shares of Sibanye Stillwater during the 4th quarter worth $28,000. GAMMA Investing LLC lifted its stake in shares of Sibanye Stillwater by 62.6% during the 1st quarter. GAMMA Investing LLC now owns 8,837 shares of the company’s stock worth $42,000 after purchasing an additional 3,401 shares during the period. Peapack Gladstone Financial Corp purchased a new position in shares of Sibanye Stillwater during the 4th quarter worth $56,000. Vanguard Capital Wealth Advisors purchased a new position in shares of Sibanye Stillwater during the 1st quarter worth $50,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Sibanye Stillwater by 832.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,956 shares of the company’s stock worth $59,000 after purchasing an additional 9,781 shares during the period. 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.
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