Sibanye Stillwater (NYSE:SBSW) Shares Gap Down – Here’s Why

Sibanye Stillwater Limited (NYSE:SBSW)’s share price gapped down prior to trading on Friday . The stock had previously closed at $4.15, but opened at $3.72. Sibanye Stillwater shares last traded at $3.59, with a volume of 2,131,319 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $4.70 to $5.30 in a research report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $5.05.

Sibanye Stillwater Trading Down 17.2 %

The company’s 50 day simple moving average is $3.90 and its two-hundred day simple moving average is $4.01. The company has a market cap of $2.43 billion, a PE ratio of 6.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Institutional Trading of Sibanye Stillwater

Several institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its position in shares of Sibanye Stillwater by 6.7% during the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after buying an additional 3,045 shares during the period. Aire Advisors LLC boosted its holdings in Sibanye Stillwater by 5.3% during the 4th quarter. Aire Advisors LLC now owns 61,060 shares of the company’s stock valued at $201,000 after acquiring an additional 3,060 shares during the period. Rhumbline Advisers grew its position in Sibanye Stillwater by 32.3% in the 4th 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. Banco Santander S.A. increased its stake in Sibanye Stillwater by 16.9% during the fourth quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock worth $99,000 after purchasing an additional 4,344 shares during the period. Finally, United Capital Financial Advisors LLC lifted its position in shares of Sibanye Stillwater by 32.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company’s stock worth $65,000 after purchasing an additional 4,768 shares in the last quarter. Institutional investors and hedge funds 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.