Sibanye Stillwater Limited (NYSE:SBSW) Receives Average Rating of “Hold” from Brokerages

Shares of Sibanye Stillwater Limited (NYSE:SBSW) have been assigned an average rating of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $4.79.

Separately, Royal Bank of Canada dropped their price target on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th.

Sibanye Stillwater Stock Up 1.9 %

Shares of NYSE:SBSW opened at $3.94 on Monday. Sibanye Stillwater has a 1 year low of $3.05 and a 1 year high of $5.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The business’s 50-day moving average is $3.67 and its 200-day moving average is $3.96. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 7.57 and a beta of 1.59.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SBSW. Itau Unibanco Holding S.A. bought a new stake in shares of Sibanye Stillwater during the fourth quarter valued at approximately $25,000. Ameriprise Financial Inc. acquired a new position in Sibanye Stillwater during the fourth quarter worth $35,000. Blankinship & Foster LLC bought a new position in shares of Sibanye Stillwater in the third quarter valued at $41,000. Peapack Gladstone Financial Corp bought a new position in shares of Sibanye Stillwater in the fourth quarter valued at $41,000. Finally, Rhumbline Advisers grew its holdings in shares of Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after buying an additional 3,120 shares during the last quarter. 34.93% of the stock is owned by institutional investors and hedge funds.

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.