Sibanye Stillwater (NYSE:SBSW) Trading Up 5.4% – Here’s What Happened

Sibanye Stillwater Limited (NYSE:SBSW) shares rose 5.4% on Monday . The stock traded as high as $3.99 and last traded at $4.02. Approximately 5,310,026 shares changed hands during trading, a decline of 12% from the average daily volume of 6,038,977 shares. The stock had previously closed at $3.81.

Analyst Ratings Changes

Several analysts have commented on SBSW shares. Investec lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. HSBC downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective on the stock. in a research note on Monday, November 4th. Finally, Hsbc Global Res lowered Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, Sibanye Stillwater currently has a consensus rating of “Hold” and a consensus price target of $4.98.

Sibanye Stillwater Price Performance

The business’s 50-day moving average price is $3.70 and its 200 day moving average price is $4.06. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Hedge Funds Weigh In On Sibanye Stillwater

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBSW. Creative Financial Designs Inc. ADV grew its holdings 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 purchasing an additional 2,200 shares in the last quarter. Blue Trust Inc. grew its stake in Sibanye Stillwater by 1,931.5% in the 3rd quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock worth $41,000 after buying an additional 8,885 shares in the last quarter. Blankinship & Foster LLC bought a new position in shares of Sibanye Stillwater in the 3rd quarter worth $41,000. Signaturefd LLC raised its position in shares of Sibanye Stillwater by 24.9% during the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after buying an additional 2,241 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Sibanye Stillwater during the 3rd quarter worth $46,000. 34.93% of the stock is currently 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.