Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – What’s Next?

Shares of Sibanye Stillwater Limited (NYSE:SBSW) gapped up before the market opened on Tuesday . The stock had previously closed at $4.09, but opened at $4.30. Sibanye Stillwater shares last traded at $4.26, with a volume of 2,530,560 shares.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a “sector perform” rating to an “outperform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.79.

Sibanye Stillwater Price Performance

The company’s fifty day moving average is $3.69 and its 200 day moving average is $3.95. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The stock has a market cap of $3.00 billion, a PE ratio of 8.11 and a beta of 1.59.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in Sibanye Stillwater in the fourth quarter valued at approximately $25,000. Ameriprise Financial Inc. acquired a new stake in Sibanye Stillwater in the fourth quarter valued at approximately $35,000. Blankinship & Foster LLC acquired a new stake in Sibanye Stillwater in the third quarter valued at approximately $41,000. Peapack Gladstone Financial Corp acquired a new stake in Sibanye Stillwater in the fourth quarter valued at approximately $41,000. Finally, Rhumbline Advisers grew its position in Sibanye Stillwater by 32.3% in the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after acquiring an additional 3,120 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

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.