Sibanye Stillwater (NYSE:SBSW) Stock Price Up 10.9% – Still a Buy?

Sibanye Stillwater Limited (NYSE:SBSW) shares rose 10.9% on Friday . The company traded as high as $4.28 and last traded at $4.32. Approximately 3,023,693 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 6,876,214 shares. The stock had previously closed at $3.89.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $4.70 to $5.30 in a research note on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Sibanye Stillwater has an average rating of “Hold” and an average price target of $5.05.

Sibanye Stillwater Stock Up 12.5 %

The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 8.41 and a beta of 1.08. The firm has a 50 day simple moving average of $3.89 and a two-hundred day simple moving average of $3.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Institutional Trading of Sibanye Stillwater

A number of institutional investors have recently made changes to their positions in SBSW. Itau Unibanco Holding S.A. bought a new stake in Sibanye Stillwater in the fourth quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in shares of Sibanye Stillwater by 590.8% in the first quarter. GAMMA Investing LLC now owns 9,091 shares of the company’s stock valued at $42,000 after acquiring an additional 7,775 shares in the last quarter. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater during the 3rd quarter valued at $41,000. Ameriprise Financial Inc. bought a new position in Sibanye Stillwater in the 4th quarter valued at about $35,000. Finally, Peapack Gladstone Financial Corp acquired a new position in Sibanye Stillwater during the fourth quarter valued at approximately $41,000. Institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Company Profile

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.