Sibanye Stillwater (NYSE:SBSW) Trading Up 7.8% – Should You Buy?

Sibanye Stillwater Limited (NYSE:SBSW) shares traded up 7.8% during trading on Tuesday . The stock traded as high as $5.09 and last traded at $5.22. 1,365,325 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 7,172,941 shares. The stock had previously closed at $4.84.

Analyst Ratings Changes

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

Sibanye Stillwater Trading Up 14.2%

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The company’s 50 day moving average is $4.44 and its 200 day moving average is $4.03. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 10.61 and a beta of 0.59.

Hedge Funds Weigh In On Sibanye Stillwater

Several large investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Sibanye Stillwater in the fourth quarter valued at $25,000. GAMMA Investing LLC lifted its holdings in shares of Sibanye Stillwater by 590.8% during the 1st quarter. GAMMA Investing LLC now owns 9,091 shares of the company’s stock worth $42,000 after acquiring an additional 7,775 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of Sibanye Stillwater by 35.8% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the company’s stock valued at $42,000 after acquiring an additional 2,400 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Sibanye Stillwater in the fourth quarter valued at about $35,000. Finally, Resolute Wealth Strategies LLC acquired a new position in Sibanye Stillwater in the first quarter worth about $51,000. 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.