Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Down 29.1% in January

Sibanye Stillwater Limited (NYSE:SBSW) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 13,590,000 shares, a decrease of 29.1% from the January 15th total of 19,180,000 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 5,980,000 shares, the days-to-cover ratio is currently 2.3 days.

Sibanye Stillwater Price Performance

NYSE:SBSW traded down $0.10 during midday trading on Friday, hitting $3.87. The stock had a trading volume of 3,507,355 shares, compared to its average volume of 6,470,354. Sibanye Stillwater has a one year low of $3.08 and a one year high of $5.93. The stock has a 50-day moving average of $3.69 and a 200 day moving average of $4.04. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BCGM Wealth Management LLC lifted its holdings in Sibanye Stillwater by 60.3% during the third quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company’s stock worth $2,549,000 after buying an additional 233,217 shares during the period. Goehring & Rozencwajg Associates LLC purchased a new stake in Sibanye Stillwater during the fourth quarter worth $9,446,000. Barclays PLC purchased a new stake in Sibanye Stillwater during the third quarter worth $329,000. Anthracite Investment Company Inc. lifted its holdings in Sibanye Stillwater by 114.3% during the third quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock worth $2,788,000 after buying an additional 361,685 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in Sibanye Stillwater by 30.8% during the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock worth $12,228,000 after buying an additional 699,900 shares during the period. Institutional investors own 34.93% of the company’s stock.

Wall Street Analysts Forecast Growth

SBSW has been the topic of a number of analyst reports. Hsbc Global Res cut Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. HSBC cut Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research note on Monday, November 4th. Royal Bank of Canada dropped their price objective on Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Investec cut Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.79.

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.