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

Sibanye Stillwater Limited (NYSE:SBSW) shares 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 trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SBSW shares. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating 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. BMO Capital Markets reduced their price objective on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Friday, September 13th. Finally, HSBC lowered 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 report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Sibanye Stillwater presently has an average rating of “Hold” and a consensus target price of $4.98.

Sibanye Stillwater Stock Down 3.3 %

The firm has a market cap of $2.47 billion, a P/E ratio of 5.63 and a beta of 1.55. The company’s 50-day simple moving average is $4.26 and its 200 day simple moving average is $4.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Institutional Investors Weigh In On Sibanye Stillwater

Several large investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV boosted 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 worth $31,000 after purchasing an additional 2,200 shares during the period. Signaturefd LLC boosted its stake in Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after buying an additional 2,241 shares during the period. Fermata Advisors LLC raised its stake in shares of Sibanye Stillwater by 13.2% in the third quarter. Fermata Advisors LLC now owns 22,968 shares of the company’s stock valued at $94,000 after acquiring an additional 2,674 shares during the period. HighTower Advisors LLC lifted its holdings in shares of 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 acquiring an additional 3,045 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Sibanye Stillwater by 5.6% during the 3rd quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock valued at $418,000 after purchasing an additional 5,428 shares during the last quarter. 34.93% of the stock is owned by 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.