Sibanye Stillwater (NYSE:SBSW) Stock Price Up 5.4% – What’s Next?

Sibanye Stillwater Limited (NYSE:SBSW)’s share price shot up 5.4% during trading on Monday . The stock traded as high as $4.56 and last traded at $4.62. 2,284,008 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 6,581,145 shares. The stock had previously closed at $4.38.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised shares of Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $4.70 to $5.30 in a research report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.05.

Sibanye Stillwater Price Performance

The stock has a fifty day moving average of $3.84 and a 200 day moving average of $4.00. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 8.74 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Institutional Trading of Sibanye Stillwater

Several large investors have recently made changes to their positions in SBSW. Goehring & Rozencwajg Associates LLC acquired a new position in Sibanye Stillwater during the fourth quarter valued at $9,446,000. Lingotto Investment Management LLP lifted its holdings in shares of Sibanye Stillwater by 1.0% in the 4th quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company’s stock valued at $91,733,000 after buying an additional 286,195 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Sibanye Stillwater in the fourth quarter worth about $1,332,000. Rhumbline Advisers grew its holdings in Sibanye Stillwater by 32.3% during the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after acquiring an additional 3,120 shares during the period. Finally, Barclays PLC purchased a new position in Sibanye Stillwater during the third quarter valued at approximately $329,000. 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.