Sibanye Stillwater (NYSE:SBSW) Stock Rating Lowered by Hsbc Global Res

Hsbc Global Res lowered shares of Sibanye Stillwater (NYSE:SBSW) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other brokerages have also commented on SBSW. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a research report on Monday. Finally, BMO Capital Markets reduced their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $4.98.

Sibanye Stillwater Trading Up 3.6 %

NYSE SBSW opened at $4.84 on Monday. The stock’s 50 day moving average price is $4.26 and its two-hundred day moving average price is $4.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SBSW. Private Advisor Group LLC boosted its holdings in Sibanye Stillwater by 54.0% in the 1st quarter. Private Advisor Group LLC now owns 83,699 shares of the company’s stock worth $394,000 after buying an additional 29,347 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in Sibanye Stillwater in the first quarter valued at about $173,000. Quantbot Technologies LP increased its holdings in Sibanye Stillwater by 153.7% in the first quarter. Quantbot Technologies LP now owns 104,173 shares of the company’s stock valued at $491,000 after buying an additional 63,111 shares in the last quarter. SG Americas Securities LLC increased its holdings in Sibanye Stillwater by 190.8% in the first quarter. SG Americas Securities LLC now owns 145,698 shares of the company’s stock valued at $686,000 after buying an additional 95,590 shares in the last quarter. Finally, Capital Wealth Planning LLC purchased a new position in shares of Sibanye Stillwater during the 1st quarter worth approximately $141,000. 34.93% of the stock is currently owned by hedge funds and other 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.