Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Down 29.1% in January

Sibanye Stillwater Limited (NYSE:SBSW) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 13,590,000 shares, a drop of 29.1% from the January 15th total of 19,180,000 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily volume of 5,980,000 shares, the short-interest ratio is presently 2.3 days.

Institutional Investors Weigh In On Sibanye Stillwater

Several large investors have recently added to or reduced their stakes in SBSW. Goehring & Rozencwajg Associates LLC bought a new stake in Sibanye Stillwater during the fourth quarter worth approximately $9,446,000. Raymond James Financial Inc. bought a new stake in Sibanye Stillwater during the fourth quarter worth approximately $5,814,000. Trek Financial LLC bought a new stake in Sibanye Stillwater during the fourth quarter worth approximately $2,803,000. Two Sigma Advisers LP increased its stake in Sibanye Stillwater by 30.8% during the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after acquiring an additional 699,900 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Sibanye Stillwater during the third quarter worth approximately $2,367,000. 34.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SBSW has been the subject of several research analyst reports. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Royal Bank of Canada cut their price objective on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a report on Thursday. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Finally, HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.79.

Sibanye Stillwater Stock Down 2.4 %

NYSE SBSW traded down $0.10 during trading hours on Friday, hitting $3.87. 3,507,355 shares of the company were exchanged, compared to its average volume of 6,470,354. The stock has a 50-day moving average price of $3.69 and a 200 day moving average price of $4.04. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93.

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.