Sibanye Stillwater Limited (NYSE:SBSW – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $5.20, but opened at $5.43. Sibanye Stillwater shares last traded at $5.42, with a volume of 4,683,579 shares.
Analyst Upgrades and Downgrades
A number of research firms recently commented on SBSW. Jefferies Financial Group lowered Sibanye Stillwater from a “buy” rating to a “sell” rating in a research note on Wednesday, March 13th. Royal Bank of Canada cut their price objective on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Sibanye Stillwater presently has an average rating of “Hold” and an average target price of $6.00.
View Our Latest Research Report on SBSW
Sibanye Stillwater Stock Down 3.8 %
Institutional Investors Weigh In On Sibanye Stillwater
Several hedge funds and other institutional investors have recently modified their holdings of SBSW. Scarborough Advisors LLC bought a new stake in shares of Sibanye Stillwater during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC bought a new stake in shares of Sibanye Stillwater during the fourth quarter valued at approximately $30,000. Natixis bought a new stake in Sibanye Stillwater during the fourth quarter worth $37,000. Money Concepts Capital Corp bought a new stake in Sibanye Stillwater during the fourth quarter worth $41,000. Finally, Compagnie Lombard Odier SCmA grew its holdings in Sibanye Stillwater by 40.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 7,000 shares of the company’s stock worth $43,000 after buying an additional 2,000 shares in the last quarter. 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.
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