Brokerages Set Sibanye Stillwater Limited (NYSE:SBSW) Price Target at $13.73

Sibanye Stillwater Limited (NYSE:SBSW – Get Rating) has been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.73.

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Sibanye Stillwater from $13.00 to $9.00 and set a “hold” rating on the stock in a report on Friday, March 3rd.

Institutional Trading of Sibanye Stillwater

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership acquired a new position in shares of Sibanye Stillwater in the 4th quarter valued at $37,086,000. Encompass Capital Advisors LLC acquired a new position in shares of Sibanye Stillwater in the 3rd quarter valued at $20,628,000. Goldman Sachs Group Inc. increased its holdings in shares of Sibanye Stillwater by 71.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,977,726 shares of the company’s stock valued at $39,658,000 after acquiring an additional 1,662,361 shares during the period. AQR Capital Management LLC increased its holdings in shares of Sibanye Stillwater by 53.0% in the 4th quarter. AQR Capital Management LLC now owns 3,441,840 shares of the company’s stock valued at $36,690,000 after acquiring an additional 1,192,590 shares during the period. Finally, Marshall Wace LLP grew its position in Sibanye Stillwater by 124.3% in the 3rd quarter. Marshall Wace LLP now owns 1,894,121 shares of the company’s stock valued at $17,654,000 after buying an additional 1,049,646 shares during the last quarter. Institutional investors and hedge funds own 6.81% of the company’s stock.

Sibanye Stillwater Stock Performance

Shares of NYSE:SBSW opened at $8.29 on Tuesday. The firm’s 50 day moving average price is $9.89 and its 200 day moving average price is $9.92. Sibanye Stillwater has a fifty-two week low of $7.82 and a fifty-two week high of $18.63. The company has a quick ratio of 1.70, a current ratio of 3.01 and a debt-to-equity ratio of 0.25.

Sibanye Stillwater Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, April 6th. Shareholders of record on Friday, March 24th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a yield of 8.3%.

Sibanye Stillwater Company Profile

(Get Rating)

Sibanye Stillwater Ltd. engages in the provision of precious metals mining services. Its portfolio includes the platinum group metal (PGM) operations in the United States, South Africa, and Zimbabwe; gold operations and projects in South Africa; and copper, gold and PGM exploration properties in North and South America.