Sibanye Stillwater (NYSE:SBSW) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Sibanye Stillwater (NYSE:SBSW) from a sector perform rating to an outperform rating in a report released on Tuesday, MarketBeat Ratings reports. Royal Bank of Canada currently has $5.30 price objective on the stock, up from their prior price objective of $4.70.

Sibanye Stillwater Stock Performance

SBSW opened at $4.39 on Tuesday. The firm has a market capitalization of $3.10 billion, a P/E ratio of 8.43 and a beta of 1.59. The stock’s 50 day moving average price is $3.74 and its two-hundred day moving average price is $3.96. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. Sibanye Stillwater has a 12-month low of $3.05 and a 12-month high of $5.93.

Institutional Trading of Sibanye Stillwater

Several institutional investors have recently modified their holdings of SBSW. Goehring & Rozencwajg Associates LLC acquired a new stake in shares of Sibanye Stillwater during the 4th quarter worth approximately $9,446,000. Raymond James Financial Inc. acquired a new stake in Sibanye Stillwater in the 4th quarter valued at $5,814,000. D. E. Shaw & Co. Inc. raised its position in Sibanye Stillwater by 28.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company’s stock valued at $21,588,000 after purchasing an additional 1,439,882 shares during the last quarter. Northern Trust Corp raised its position in Sibanye Stillwater by 1,673.5% in the 4th quarter. Northern Trust Corp now owns 1,014,294 shares of the company’s stock valued at $3,347,000 after purchasing an additional 957,103 shares during the last quarter. Finally, Trek Financial LLC bought a new position in Sibanye Stillwater in the 4th quarter valued at $2,803,000. Institutional investors and hedge funds 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.