Brokerages Set Sibanye Stillwater Limited (NYSE:SBSW) Target Price at $4.79

Shares of Sibanye Stillwater Limited (NYSE:SBSW) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $4.79.

Separately, Royal Bank of Canada dropped their price target on 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.

Sibanye Stillwater Stock Performance

Shares of SBSW stock opened at $3.94 on Monday. The stock has a market capitalization of $2.78 billion, a PE ratio of 7.57 and a beta of 1.59. Sibanye Stillwater has a 52-week low of $3.05 and a 52-week high of $5.93. The stock’s 50-day moving average price is $3.67 and its 200 day moving average price is $3.95. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71.

Hedge Funds Weigh In On Sibanye Stillwater

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its position in Sibanye Stillwater by 6.7% during the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after purchasing an additional 3,045 shares during the period. Aire Advisors LLC increased its position in Sibanye Stillwater by 5.3% during the 4th quarter. Aire Advisors LLC now owns 61,060 shares of the company’s stock worth $201,000 after purchasing an additional 3,060 shares during the period. Rhumbline Advisers increased its position in Sibanye Stillwater by 32.3% during the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after purchasing an additional 3,120 shares during the period. Banco Santander S.A. increased its position in Sibanye Stillwater by 16.9% during the 4th quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock worth $99,000 after purchasing an additional 4,344 shares during the period. Finally, United Capital Financial Advisors LLC increased its position in Sibanye Stillwater by 32.1% during the 4th quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company’s stock worth $65,000 after purchasing an additional 4,768 shares during the period. Institutional investors and hedge funds 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.