Sibanye Stillwater Limited (NYSE:SBSW) Given Average Rating of “Reduce” by Brokerages

Sibanye Stillwater Limited (NYSE:SBSW) has received an average recommendation of “Reduce” from the six research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.00.

SBSW has been the subject of several recent analyst reports. Jefferies Financial Group downgraded shares of Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Royal Bank of Canada reduced their price target on shares of Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating for the company in a report on Friday, March 1st.

Sibanye Stillwater Price Performance

Shares of SBSW stock opened at $4.91 on Friday. Sibanye Stillwater has a fifty-two week low of $3.85 and a fifty-two week high of $9.88. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $4.76 and a two-hundred day simple moving average of $4.84.

Hedge Funds Weigh In On Sibanye Stillwater

A number of large investors have recently modified their holdings of the company. Scarborough Advisors LLC bought a new stake in Sibanye Stillwater during the 4th quarter valued at $28,000. GAMMA Investing LLC acquired a new position in shares of Sibanye Stillwater during the fourth quarter valued at about $30,000. Vanguard Capital Wealth Advisors bought a new stake in shares of Sibanye Stillwater during the first quarter worth about $50,000. Fermata Advisors LLC acquired a new stake in shares of Sibanye Stillwater in the 1st quarter worth about $52,000. Finally, Gunderson Capital Management Inc. bought a new position in Sibanye Stillwater in the 4th quarter valued at about $54,000. 34.93% of the stock is currently owned by institutional investors.

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.