Sibanye Stillwater (NYSE:SBSW) Stock Price Up 5.4% – Should You Buy?

Shares of Sibanye Stillwater Limited (NYSE:SBSW) rose 5.4% during mid-day trading on Monday . The company traded as high as $3.99 and last traded at $4.02. Approximately 5,310,026 shares were traded during trading, a decline of 12% from the average daily volume of 6,038,977 shares. The stock had previously closed at $3.81.

Wall Street Analysts Forecast Growth

SBSW has been the subject of a number of research analyst reports. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective on the stock. in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Price Performance

The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The company has a 50-day moving average price of $3.71 and a 200 day moving average price of $4.07.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bridgewater Associates LP increased its position in Sibanye Stillwater by 10.9% during the 3rd quarter. Bridgewater Associates LP now owns 3,276,654 shares of the company’s stock valued at $13,467,000 after buying an additional 321,037 shares in the last quarter. Two Sigma Advisers LP increased its position in Sibanye Stillwater by 30.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after buying an additional 699,900 shares in the last quarter. Goehring & Rozencwajg Associates LLC acquired a new position in Sibanye Stillwater during the 4th quarter valued at about $9,446,000. Raymond James & Associates increased its position in Sibanye Stillwater by 8.5% during the 3rd quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock valued at $6,891,000 after buying an additional 131,990 shares in the last quarter. Finally, Millennium Management LLC increased its position in Sibanye Stillwater by 65.1% during the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after buying an additional 526,724 shares in the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

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.