Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 12,320,000 shares, a decline of 24.7% from the October 31st total of 16,370,000 shares. Based on an average daily volume of 6,920,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.7% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SBSW shares. Investec cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. BMO Capital Markets reduced their price target on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Friday, September 13th. Finally, HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a research 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. According to data from MarketBeat.com, Sibanye Stillwater currently has a consensus rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Trading Down 0.5 %

Shares of SBSW opened at $4.02 on Friday. The firm’s fifty day simple moving average is $4.39 and its two-hundred day simple moving average is $4.45. Sibanye Stillwater has a 12 month low of $3.08 and a 12 month high of $5.93. 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 Investors Weigh In On Sibanye Stillwater

Institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP lifted its stake in Sibanye Stillwater by 3,256.8% in the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock valued at $23,121,000 after buying an additional 5,156,931 shares during the period. Two Sigma Advisers LP lifted its position in shares of Sibanye Stillwater by 30.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after acquiring an additional 699,900 shares during the period. Point72 Asset Management L.P. bought a new position in Sibanye Stillwater during the third quarter worth $2,367,000. Millennium Management LLC grew its holdings in Sibanye Stillwater by 65.1% in the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock worth $5,809,000 after purchasing an additional 526,724 shares during the period. Finally, Lingotto Investment Management LLP increased its stake in Sibanye Stillwater by 1.9% in the second quarter. Lingotto Investment Management LLP now owns 22,801,391 shares of the company’s stock valued at $99,186,000 after purchasing an additional 416,399 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.