Sibanye Stillwater Limited (NYSE:SBSW) Receives $5.05 Average Price Target from Brokerages

Sibanye Stillwater Limited (NYSE:SBSW) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.05.

Separately, Royal Bank of Canada raised shares of Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $4.70 to $5.30 in a report on Tuesday, March 18th.

Hedge Funds Weigh In On Sibanye Stillwater

A number of hedge funds have recently modified their holdings of SBSW. Itau Unibanco Holding S.A. bought a new stake in shares of Sibanye Stillwater in the fourth quarter worth about $25,000. Ameriprise Financial Inc. purchased a new stake in Sibanye Stillwater in the 4th quarter worth approximately $35,000. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater in the 3rd quarter worth approximately $41,000. Peapack Gladstone Financial Corp purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $41,000. Finally, Rhumbline Advisers raised 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 acquiring an additional 3,120 shares in the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Stock Down 17.2 %

Sibanye Stillwater stock opened at $3.44 on Friday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 6.61 and a beta of 1.08. Sibanye Stillwater has a 1-year low of $3.05 and a 1-year high of $5.93. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $3.90 and a 200 day simple moving average of $4.01.

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.