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

Sibanye Stillwater Limited (NYSE:SBSW) gapped down before the market opened on Wednesday . The stock had previously closed at $4.72, but opened at $4.46. Sibanye Stillwater shares last traded at $4.47, with a volume of 1,212,276 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SBSW shares. BMO Capital Markets reduced their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Friday, September 13th. JPMorgan Chase & Co. reduced their price objective on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Finally, Investec cut Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Sibanye Stillwater currently has a consensus rating of “Hold” and a consensus target price of $5.17.

Sibanye Stillwater Stock Up 12.5 %

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 business has a fifty day moving average of $4.18 and a 200-day moving average of $4.55.

Institutional Trading of Sibanye Stillwater

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Sibanye Stillwater in the third quarter valued at approximately $99,000. Signaturefd LLC lifted its holdings in Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock worth $46,000 after buying an additional 2,241 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Sibanye Stillwater during the 3rd quarter valued at $79,000. Raymond James & Associates lifted its holdings in shares of Sibanye Stillwater by 8.5% during the 3rd quarter. Raymond James & Associates now owns 1,676,719 shares of the company’s stock valued at $6,891,000 after purchasing an additional 131,990 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Sibanye Stillwater by 1,931.5% during the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after purchasing an additional 8,885 shares during 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.