Sibanye Stillwater Limited (NYSE:SBSW) Given Average Recommendation of “Reduce” by Analysts

Sibanye Stillwater Limited (NYSE:SBSW) has been assigned a consensus rating of “Reduce” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.79.

Separately, Royal Bank of Canada reduced their price objective on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th.

Sibanye Stillwater Trading Up 3.6 %

Shares of Sibanye Stillwater stock opened at $3.88 on Monday. The business has a 50 day moving average price of $3.61 and a 200 day moving average price of $3.97. The company has a market capitalization of $2.74 billion, a P/E ratio of 7.45 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater has a 1 year low of $3.05 and a 1 year high of $5.93.

Institutional Investors Weigh In On Sibanye Stillwater

Hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC boosted its stake in Sibanye Stillwater by 6.7% in the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after buying an additional 3,045 shares during the last quarter. Aire Advisors LLC lifted its holdings in shares of Sibanye Stillwater by 5.3% during the 4th quarter. Aire Advisors LLC now owns 61,060 shares of the company’s stock worth $201,000 after acquiring an additional 3,060 shares during the period. Rhumbline Advisers boosted its position in shares of Sibanye Stillwater by 32.3% in the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after acquiring an additional 3,120 shares during the last quarter. Banco Santander S.A. grew its holdings in Sibanye Stillwater by 16.9% in the fourth quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock valued at $99,000 after purchasing an additional 4,344 shares during the period. Finally, United Capital Financial Advisors LLC increased its position in Sibanye Stillwater by 32.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company’s stock worth $65,000 after purchasing an additional 4,768 shares during 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.