Sibanye Stillwater (NYSE:SBSW) Trading Down 6.3%

Sibanye Stillwater Limited (NYSE:SBSW) shares fell 6.3% on Tuesday . The stock traded as low as $4.71 and last traded at $4.75. 2,074,700 shares traded hands during trading, a decline of 65% from the average session volume of 5,930,939 shares. The stock had previously closed at $5.07.

Analysts Set New Price Targets

Several brokerages have weighed in on SBSW. Royal Bank of Canada cut their price target on Sibanye Stillwater from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research report on Friday, March 1st. Jefferies Financial Group cut Sibanye Stillwater from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Sibanye Stillwater has an average rating of “Hold” and a consensus target price of $6.00.

Sibanye Stillwater Stock Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.70. The stock has a 50-day moving average price of $4.73 and a 200 day moving average price of $4.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Scarborough Advisors LLC purchased a new position in Sibanye Stillwater in the 4th quarter worth approximately $28,000. GAMMA Investing LLC purchased a new position in Sibanye Stillwater in the 4th quarter worth approximately $30,000. Vanguard Capital Wealth Advisors purchased a new position in Sibanye Stillwater in the 1st quarter worth approximately $50,000. Fermata Advisors LLC purchased a new position in Sibanye Stillwater in the 1st quarter worth approximately $52,000. Finally, Gunderson Capital Management Inc. purchased a new position in Sibanye Stillwater in the 4th quarter worth approximately $54,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

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.