Sibanye Stillwater (NYSE:SBSW) Trading 3.8% Higher – Time to Buy?

Sibanye Stillwater Limited (NYSE:SBSW) traded up 3.8% on Tuesday . The stock traded as high as $5.26 and last traded at $5.23. 2,576,544 shares were traded during mid-day trading, a decline of 58% from the average session volume of 6,080,391 shares. The stock had previously closed at $5.04.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BMO Capital Markets decreased their target price on 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. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. decreased their target price on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.17.

Sibanye Stillwater Trading Down 6.3 %

The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $4.22 and a 200-day simple moving average of $4.53.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its holdings in shares of Sibanye Stillwater by 40.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after acquiring an additional 2,200 shares during the last quarter. Petra Financial Advisors Inc. bought a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $137,000. International Assets Investment Management LLC bought a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $99,000. Signaturefd LLC increased its holdings in shares of Sibanye Stillwater by 24.9% in the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after acquiring an additional 2,241 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at approximately $79,000. 34.93% of the stock is currently owned by institutional investors.

About Sibanye Stillwater

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.