Sibanye Stillwater (NYSE:SBSW) Shares Gap Up – Should You Buy?

Sibanye Stillwater Limited (NYSE:SBSW) gapped up before the market opened on Tuesday . The stock had previously closed at $3.23, but opened at $3.32. Sibanye Stillwater shares last traded at $3.24, with a volume of 918,841 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SBSW shares. Royal Bank of Canada cut their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research report on Monday, November 4th. Finally, Hsbc Global Res downgraded Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Sibanye Stillwater currently has an average rating of “Hold” and a consensus price target of $4.79.

Sibanye Stillwater Stock Up 4.2 %

The stock’s 50-day moving average price is $3.60 and its 200-day moving average price is $3.99. 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 company has a market cap of $2.38 billion, a P/E ratio of 6.47 and a beta of 1.58.

Hedge Funds Weigh In On Sibanye Stillwater

A number of institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in Sibanye Stillwater during the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV increased its position in shares of Sibanye Stillwater by 40.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after acquiring an additional 2,200 shares in the last quarter. Blankinship & Foster LLC acquired a new stake in shares of Sibanye Stillwater in the 3rd quarter worth about $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 4th quarter valued at about $41,000. 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.