Sibanye Stillwater Limited (NYSE:SBSW – Get Free Report)’s share price fell 2.8% during mid-day trading on Tuesday . The company traded as low as $4.75 and last traded at $4.84. 2,478,488 shares traded hands during trading, a decline of 58% from the average session volume of 5,907,330 shares. The stock had previously closed at $4.98.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on SBSW. Royal Bank of Canada dropped their target price on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Jefferies Financial Group cut shares of Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.00.
View Our Latest Research Report on Sibanye Stillwater
Sibanye Stillwater Stock Up 0.5 %
Institutional Investors Weigh In On Sibanye Stillwater
Several institutional investors have recently modified their holdings of SBSW. Scarborough Advisors LLC acquired a new stake in shares of Sibanye Stillwater during the 4th quarter worth approximately $28,000. GAMMA Investing LLC bought a new position in Sibanye Stillwater during the 4th quarter worth approximately $30,000. Compagnie Lombard Odier SCmA boosted its stake in Sibanye Stillwater by 40.0% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 7,000 shares of the company’s stock worth $43,000 after acquiring an additional 2,000 shares during the last quarter. Vanguard Capital Wealth Advisors bought a new position in Sibanye Stillwater during the 1st quarter worth approximately $50,000. Finally, Fermata Advisors LLC bought a new position in Sibanye Stillwater during the 1st quarter worth approximately $52,000. 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.
Recommended Stories
- Five stocks we like better than Sibanye Stillwater
- What is the S&P 500 and How It is Distinct from Other Indexes
- Simpson Manufacturing: Buy This Future Dividend King While Down
- Election Stocks: How Elections Affect the Stock Market
- Is Boeing Stock About to Soar Higher?
- Most Volatile Stocks, What Investors Need to Know
- High-Yield Texas Instruments Could Hit New Highs Soon
Receive News & Ratings for Sibanye Stillwater Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sibanye Stillwater and related companies with MarketBeat.com's FREE daily email newsletter.