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

Sibanye Stillwater Limited (NYSE:SBSW) gapped down before the market opened on Monday . The stock had previously closed at $3.61, but opened at $3.52. Sibanye Stillwater shares last traded at $3.51, with a volume of 645,658 shares.

Analysts Set New Price Targets

Several analysts have recently commented on SBSW shares. 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. HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price for the company. in a research note on Monday, November 4th. Investec cut Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, BMO Capital Markets dropped their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.98.

Sibanye Stillwater Price Performance

The company’s fifty day moving average is $4.25 and its two-hundred day moving average is $4.28. 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 firm has a market cap of $2.48 billion, a price-to-earnings ratio of 5.65 and a beta of 1.56.

Institutional Investors Weigh In On Sibanye Stillwater

Several institutional investors and hedge funds have recently modified their holdings of SBSW. Creative Financial Designs Inc. ADV increased its stake in 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 period. Blue Trust Inc. grew its position in shares of Sibanye Stillwater by 1,931.5% during the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after buying an additional 8,885 shares in the last quarter. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater in the third quarter worth $41,000. Sivia Capital Partners LLC acquired a new stake in Sibanye Stillwater in the third quarter valued at $46,000. Finally, Signaturefd LLC grew its holdings in Sibanye Stillwater by 24.9% during the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after acquiring an additional 2,241 shares in the last quarter. 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.